First State Bank in Wells, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 23, 1993

  • First State Bank in Wells, Texas (TX)
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First State Bank - Overview

  • General
  • FDIC Certificate #: 9016
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: West Side Bank and Trust (#18915)
    Federal Reserve ID: 493666
    Date Established: January 01, 1913
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 5758
    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: March 23, 1993
    Last Structure Change Process Date: April 01, 1993
    Last Data Update: April 01, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Wells, TX 75976
    County: Cherokee
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Tyler-Jacksonville, TX (#540)
    Core Based Statistical Area (CBSA): Jacksonville, TX (#27380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $11.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $8Total assets
  • $11,545Cash and due from depository institutions
  • $729Interest-bearing balances
  • $99Securities
  • $7,822Federal funds sold & reverse repurchase agreements
  • $950Net loans & leases
  • $1,702Loan loss allowance
  • $33Trading account assets
  • $0Bank premises and fixed assets
  • $125Other real estate owned
  • $52Goodwill and other intangibles
  • $165Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $11,545Total liabilities
  • $10,482Total deposits
  • $10,422Interest-bearing deposits
  • $9,034Deposits held in domestic offices
  • 10422.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $60Total equity capital
  • $60Total bank equity capital
  • $1,063Perpetual preferred stock
  • $0Common stock
  • $140Surplus
  • $260Undivided profits
  • Memoranda
  • $663Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $12Earning assets
  • $10,573Long-term assets (5+ years)
  • $894Average Assets, year-to-date
  • $11,991Average Assets, quarterly
  • $11,631Volatile liabilities
  • $1,160Insider loans
  • $131FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $58Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,063Total risk weighted assets
  • $2,726Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $881Total interest expense
  • $408Net interest income
  • $473Provision for loan and lease losses
  • -$10Total noninterest income
  • $71Fiduciary activities
  • $0Service charges on deposit accounts
  • $63Trading account gains & fees
  • $0Additional noninterest income
  • $8Total noninterest expense
  • $398Salaries and employee benefits
  • $190Premises and equipment expense
  • $68Additional noninterest expense
  • $140Pre-tax net operating income
  • $156Securities gains (losses)
  • $122Applicable income taxes
  • $90Income before extraordinary items
  • $188Extraordinary gains - net
  • $0Net income attributable to bank
  • $188Net charge-offs
  • $5Cash dividends
  • $175Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.87%Cost of funding earning assets
  • 3.65%Net interest margin
  • 4.23%Noninterest income to earning assets
  • 0.63%Noninterest expense to earning assets
  • 3.56%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 1.57%Pretax return on assets
  • 2.32%Return on equity (ROE)
  • 17.67%Retained earnings to average equity (YTD only)
  • 1.22%Net charge-offs to loans
  • 0.24%Credit loss provision to net charge-offs
  • -200.00%Efficiency ratio
  • 73,162Assets per employee
  • 1.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 93.09%Loss allowance to loans
  • 1.90%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.45%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 16.33%Net loans and leases to core deposits
  • 18.38%Equity capital to assets
  • 9.21%Core capital (leverage) ratio
  • 9.05%Tier 1 risk-based capital ratio
  • 39.00%Total risk-based capital ratio
  • Memoranda
  • $40Average assets
  • $11,991Average earning assets
  • $1,064Average equity
  • $11,191Average loans

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