First State Bank in Graham, Texas (TX)



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First State Bank
GeneralFDIC Certificate #: 24498
Status: Active
Federal Reserve ID: 216164
Bank Holding Company (Regulatory Top Holder): Woodson Bancshares, Inc. (RSSDID: 1133044, Location: Graham, TX)
Date Established: May 26, 1983
WWW: http://www.fsbgraham.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 17025
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: May 26, 1983
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 1526 Fourth Street, Graham, TX 76450
County: Young
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Dallas
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $141.0 mil
Equity capital: $11.2 mil
Deposits held in domestic offices: $119.3 mil
Return on assets (ROA): 1.13% ($1.6 mil)
Quarterly return on assets: 1.14% ($1.6 mil)
Return on Equity (ROE): 13.73% ($1.5 mil)
Quarterly return on equity: 14.34% ($1.6 mil)
Net income: $1.5 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.13% ($1,592.9 mil)
Quarterly Pretax return on assets: 1.14% ($1,607.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)31
Total assets$140,968
Cash and due from depository institutions$66,609
Interest-bearing balances$55,720
Securities$2,000
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$67,340
Loan loss allowance $761
Trading account assets$0
Bank premises and fixed assets$921
Other real estate owned$242
Goodwill and other intangibles$0
All other assets$3,856
Life insurance assets$140,968
Total liabilities and capital$129,791
Total liabilities$119,331
Total deposits$77,994
Interest-bearing deposits$119,331
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$9,827
Other borrowed funds $0
Subordinated debt $633
All other liabilities $11,177
Total equity capital$11,177
Total bank equity capital$11,177
Perpetual preferred stock$0
Common stock$413
Surplus$5,587
Undivided profits $5,177
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $13
Earning assets $0
Long-term assets (5+ years) $367
Average Assets, year-to-date $125,060
Average Assets, quarterly $14,573
Volatile liabilities $130,997
Insider loans $138,089
FHLB advances $76,422
Loans and leases held for sale $136,188
Unused loan commitments $2,426
Tier 1 (core) risk-based capital $2,426
Tier 2 risk-based capital $11,177
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,685
Derivatives$244
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,196
Total interest expense $1,191
Net interest income $4,005
Provision for loan and lease losses $100
Total noninterest income $828
Fiduciary activities $0
Service charges on deposit accounts $522
Trading account gains & fees $0
Additional noninterest income $306
Total noninterest expense $3,259
Salaries and employee benefits $1,777
Premises and equipment expense $422
Additional noninterest expense $1,060
Pre-tax net operating income $1,474
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,474
Extraordinary gains - net $0
Net income attributable to bank $1,474
Net charge-offs $0
Cash dividends $1,474
Sale, conversion, retirement of capital stock, net $11
Net operating income $1,484
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.38%
Cost of funding earning assets 1.00%
Net interest margin 3.37%
Noninterest income to earning assets 0.70%
Noninterest expense to earning assets 2.74%
Net operating income to assets 1.13%
Return on assets (ROA) 1.13%
Pretax return on assets 1.13%
Return on equity (ROE) 13.73%
Retained earnings to average equity (YTD only) -0.09%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 909.09%
Efficiency ratio143.09%
Assets per employee$67,432
Cash dividends to net income (YTD only)4.55%
Condition Ratios (%)
Loss allowance to loans 100.68%
Loss allowance to noncurrent loans 1.12%
Noncurrent assets plus other real estate owned to assets 5853.85%
Noncurrent loans to loans 0.18%
Net loans and leases to deposits0.02%
Net loans and leases to core deposits 56.43%
Equity capital to assets 67.72%
Core capital (leverage) ratio 7.93%
Tier 1 risk-based capital ratio 8.21%
Total risk-based capital ratio 14.63%
Memoranda
Average assets$16
Average earning assets$130,997
Average equity $10,732
Average loans $118,750
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4 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
017025First State Bank1526 Fourth Street, Graham, TX 76450May 26, 1983Full Service Brick and Mortar
1257443Throckmorton Branch147 Minter Avenue, Throckmorton, TX 76483September 10, 1990Full Service Brick and Mortar
2257444Highway 183 Branch101 Ushwy 183 South, Woodson, TX 76491May 06, 1991Full Service Brick and Mortar
3359305Possum Kingdom Branch19505 Fam 1148, Graham, TX 76450December 04, 2000Full Service Brick and Mortar
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