First State Bank in Texarkana, Texas (TX)

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First State Bank
GeneralFDIC Certificate #: 3272
Status: Inactive
Closing history: Change in Location
Acquiring institution: The Peoples State Bank (#8801)
Federal Reserve ID: 972956
Date Established: January 01, 1901
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 2113
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 06, 2005
Last Structure Change Process Date: December 22, 2005
Last Data Update: December 22, 2005
Data Source Date: April 05, 2012
LocationAddress: 3702 Summerhill Road, Texarkana, TX 75503
County: Bowie
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
Metropolitan Statistical Area (MSA): Texarkana, TX-Texarkana, AR (#8360)
Core Based Statistical Area (CBSA): Texarkana, TX-Texarkana, AR (#45500)
CBSA Metro Statistical Area: Texarkana, TX-Texarkana, AR (#45500)
History of ChangesMerger - Without Assistance
Office Sold
Change in Location
Financial SummaryTotal assets: $12.3 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, 2004)
(Dollar figures in thousands)
Total employees (full-time equivalent)8
Total assets$12,052
Cash and due from depository institutions$2,655
Interest-bearing balances$2,138
Federal funds sold & reverse repurchase agreements$75
Net loans & leases$7,016
Loan loss allowance $68
Trading account assets$0
Bank premises and fixed assets$97
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$115
Life insurance assets$0
Total liabilities and capital$12,052
Total liabilities$11,107
Total deposits$10,484
Interest-bearing deposits$7,098
Deposits held in domestic offices$10,484
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $600
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $23
Total equity capital$945
Total bank equity capital$945
Perpetual preferred stock$945
Common stock$0
Undivided profits $600
Noncurrent loans and leases $-55
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $769
Income earned, not collected on loans $0
Earning assets $88
Long-term assets (5+ years) $0
Average Assets, year-to-date $63
Average Assets, quarterly $11,323
Volatile liabilities $2,609
Insider loans $12,408
FHLB advances $12,043
Loans and leases held for sale $2,752
Unused loan commitments $334
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $769
Restructured Loans and leases $0
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $682
Total interest expense $167
Net interest income $515
Provision for loan and lease losses $9
Total noninterest income $67
Fiduciary activities $0
Service charges on deposit accounts $27
Trading account gains & fees $0
Additional noninterest income $40
Total noninterest expense $605
Salaries and employee benefits $314
Premises and equipment expense $63
Additional noninterest expense $228
Pre-tax net operating income -$32
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$32
Extraordinary gains - net $0
Net income attributable to bank -$32
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $3
Net operating income $0
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.86%
Cost of funding earning assets 1.43%
Net interest margin 4.42%
Noninterest income to earning assets 0.58%
Noninterest expense to earning assets 5.20%
Net operating income to assets -0.26%
Return on assets (ROA) -0.26%
Pretax return on assets -0.26%
Return on equity (ROE) -3.37%
Retained earnings to average equity (YTD only) -3.37%
Net charge-offs to loans 0.05%
Credit loss provision to net charge-offs 300.00%
Efficiency ratio-7.67%
Assets per employee$103,952
Cash dividends to net income (YTD only)1.51%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.96%
Noncurrent assets plus other real estate owned to assets 77.27%
Noncurrent loans to loans 0.73%
Net loans and leases to deposits1.24%
Net loans and leases to core deposits 66.92%
Equity capital to assets 84.21%
Core capital (leverage) ratio 7.84%
Tier 1 risk-based capital ratio 8.20%
Total risk-based capital ratio 16.22%
Average assets$17
Average earning assets$12,408
Average equity $951
Average loans $11,645
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