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

This bank is inactive as of October 09, 2010

First State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 46Total employees (full-time equivalent)
  • $145,891Total assets
  • $8,572Cash and due from depository institutions
  • $3,495Interest-bearing balances
  • $23,050Securities
  • $6,295Federal funds sold & reverse repurchase agreements
  • $99,830Net loans & leases
  • $1,278Loan loss allowance
  • $0Trading account assets
  • $3,036Bank premises and fixed assets
  • $455Other real estate owned
  • $875Goodwill and other intangibles
  • $1,243Life insurance assets
  • $3,778All other assets
  • $145,892Total liabilities and capital
  • $130,442Total liabilities
  • $127,656Total deposits
  • $95,642Interest-bearing deposits
  • $127,656Deposits held in domestic offices
  • 79.63%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,407Other borrowed funds
  • $0Subordinated debt
  • $379All other liabilities
  • $15,450Total equity capital
  • $15,450Total bank equity capital
  • $15,450Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $10,700Undivided profits
  • Memoranda
  • $4,450Noncurrent loans and leases
  • $8,706Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,539Earning assets
  • $0Long-term assets (5+ years)
  • $824Average Assets, year-to-date
  • $132,670Average Assets, quarterly
  • $36,805Volatile liabilities
  • $146,392Insider loans
  • $141,934FHLB advances
  • $24,429Loans and leases held for sale
  • $1,514Unused loan commitments
  • $2,407Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,706Total unused commitments
  • $0Restructured Loans and leases
  • $1,278Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $7,721Total interest income
  • $1,659Total interest expense
  • $6,062Net interest income
  • $1,532Provision for loan and lease losses
  • $1,582Total noninterest income
  • $0Fiduciary activities
  • $1,064Service charges on deposit accounts
  • $0Trading account gains & fees
  • $518Additional noninterest income
  • $5,102Total noninterest expense
  • $2,482Salaries and employee benefits
  • $427Premises and equipment expense
  • $2,193Additional noninterest expense
  • $1,010Pre-tax net operating income
  • $0Securities gains (losses)
  • $375Applicable income taxes
  • $635Income before extraordinary items
  • $0Extraordinary gains - net
  • $635Net income attributable to bank
  • $0Net charge-offs
  • $635Cash dividends
  • $1,185Sale, conversion, retirement of capital stock, net
  • $418Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.76%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 4.52%Net interest margin
  • 1.18%Noninterest income to earning assets
  • 3.81%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.43%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 4.08%Return on equity (ROE)
  • 1.39%Retained earnings to average equity (YTD only)
  • 1.24%Net charge-offs to loans
  • 129.28%Credit loss provision to net charge-offs
  • 2.15%Efficiency ratio
  • 65,686Assets per employee
  • 3.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.83%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 83.04%Noncurrent assets plus other real estate owned to assets
  • 1.37%Noncurrent loans to loans
  • 1.52%Net loans and leases to deposits
  • 78.20%Net loans and leases to core deposits
  • 96.71%Equity capital to assets
  • 10.59%Core capital (leverage) ratio
  • 10.20%Tier 1 risk-based capital ratio
  • 14.13%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $146,392Average earning assets
  • $15,581Average equity
  • $134,053Average loans

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