First State Bank in Frankston, Texas (TX)



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Table of contents:
First State Bank
GeneralFDIC Certificate #: 9968
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Austin Bank, Texas National Association (#3276)
Federal Reserve ID: 429759
Date Established: January 01, 1909
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 6371
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 09, 2010
Last Structure Change Process Date: October 14, 2010
Last Data Update: October 14, 2010
Data Source Date: April 05, 2012
LocationAddress: 169 S. Frankston Hwy, Frankston, TX 75763
County: Anderson
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
Core Based Statistical Area (CBSA): Palestine, TX (#37300)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $141.1 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, 2009)
(Dollar figures in thousands)
Total employees (full-time equivalent)46
Total assets$145,891
Cash and due from depository institutions$8,572
Interest-bearing balances$3,495
Securities$23,050
Federal funds sold & reverse repurchase agreements$6,295
Net loans & leases$99,830
Loan loss allowance $1,278
Trading account assets$0
Bank premises and fixed assets$3,036
Other real estate owned$455
Goodwill and other intangibles$875
All other assets$3,778
Life insurance assets$1,243
Total liabilities and capital$145,892
Total liabilities$130,442
Total deposits$127,656
Interest-bearing deposits$95,642
Deposits held in domestic offices$127,656
% insured (estimated)79.63%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $2,407
Subordinated debt $0
All other liabilities $379
Total equity capital$15,450
Total bank equity capital$15,450
Perpetual preferred stock$15,450
Common stock$0
Surplus$300
Undivided profits $10,700
Memoranda
Noncurrent loans and leases $4,450
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $8,706
Income earned, not collected on loans $0
Earning assets $1,539
Long-term assets (5+ years) $0
Average Assets, year-to-date $824
Average Assets, quarterly $132,670
Volatile liabilities $36,805
Insider loans $146,392
FHLB advances $141,934
Loans and leases held for sale $24,429
Unused loan commitments $1,514
Tier 1 (core) risk-based capital $2,407
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $8,706
Restructured Loans and leases $0
Derivatives$1,278
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Income and Expense (December 31, 2009)
(Dollar figures in thousands)
Total interest income $7,721
Total interest expense $1,659
Net interest income $6,062
Provision for loan and lease losses $1,532
Total noninterest income $1,582
Fiduciary activities $0
Service charges on deposit accounts $1,064
Trading account gains & fees $0
Additional noninterest income $518
Total noninterest expense $5,102
Salaries and employee benefits $2,482
Premises and equipment expense $427
Additional noninterest expense $2,193
Pre-tax net operating income $1,010
Securities gains (losses) $0
Applicable income taxes $375
Income before extraordinary items $635
Extraordinary gains - net $0
Net income attributable to bank $635
Net charge-offs $0
Cash dividends $635
Sale, conversion, retirement of capital stock, net $1,185
Net operating income $418
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Performance and Condition Ratios (December 31, 2009)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.76%
Cost of funding earning assets 1.24%
Net interest margin 4.52%
Noninterest income to earning assets 1.18%
Noninterest expense to earning assets 3.81%
Net operating income to assets 0.43%
Return on assets (ROA) 0.43%
Pretax return on assets 0.69%
Return on equity (ROE) 4.08%
Retained earnings to average equity (YTD only) 1.39%
Net charge-offs to loans 1.24%
Credit loss provision to net charge-offs 129.28%
Efficiency ratio2.15%
Assets per employee$65,686
Cash dividends to net income (YTD only)3.17%
Condition Ratios (%)
Loss allowance to loans 65.83%
Loss allowance to noncurrent loans 1.26%
Noncurrent assets plus other real estate owned to assets 83.04%
Noncurrent loans to loans 1.37%
Net loans and leases to deposits1.52%
Net loans and leases to core deposits 78.20%
Equity capital to assets 96.71%
Core capital (leverage) ratio 10.59%
Tier 1 risk-based capital ratio 10.20%
Total risk-based capital ratio 14.13%
Memoranda
Average assets$15
Average earning assets$146,392
Average equity $15,581
Average loans $134,053
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