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

First State Bank of Burnet - Overview

  • General
  • FDIC Certificate #: 11557
    Status: Active
    Federal Reserve ID: 303653
    Date Established: October 24, 1908
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 7385
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    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
  • Location
  • Address: 136 East Washington Street, Burnet, TX 78611
    County: Burnet
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Austin
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Austin-Round Rock-Marble Falls, TX (#126)
    Core Based Statistical Area (CBSA): Marble Falls, TX (#31920)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $205.6 mil
    Equity capital: $29.5 mil
    Deposits held in domestic offices: $176.0 mil
    Return on assets (ROA): 1.79% ($3.7 mil)
    Quarterly return on assets: 1.17% ($2.4 mil)
    Return on Equity (ROE): 12.62% ($3.7 mil)
    Quarterly return on equity: 8.00% ($2.3 mil)
    Net income: $3.5 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.79% ($3,679.8 mil)
    Quarterly Pretax return on assets: 1.17% ($2,405.3 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, 2011)

  • Dollar figures in thousands
  • 50Total employees (full-time equivalent)
  • $205,578Total assets
  • $7,362Cash and due from depository institutions
  • $2,000Interest-bearing balances
  • $112,347Securities
  • $4,450Federal funds sold & reverse repurchase agreements
  • $77,712Net loans & leases
  • $1,140Loan loss allowance
  • $0Trading account assets
  • $1,565Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $205,578Life insurance assets
  • $2,142All other assets
  • $176,089Total liabilities and capital
  • $175,987Total liabilities
  • $132,221Total deposits
  • $175,987Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $102Subordinated debt
  • $29,489All other liabilities
  • $29,489Total equity capital
  • $29,489Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $9,200Surplus
  • $19,489Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,671Income earned, not collected on loans
  • $0Earning assets
  • $1,412Long-term assets (5+ years)
  • $196,509Average Assets, year-to-date
  • $37,060Average Assets, quarterly
  • $193,853Volatile liabilities
  • $202,326Insider loans
  • $95,015FHLB advances
  • $201,957Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,091Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,414Restructured Loans and leases
  • $121Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,226Total interest income
  • $878Total interest expense
  • $7,348Net interest income
  • $0Provision for loan and lease losses
  • $910Total noninterest income
  • $0Fiduciary activities
  • $519Service charges on deposit accounts
  • $0Trading account gains & fees
  • $391Additional noninterest income
  • $4,790Total noninterest expense
  • $2,609Salaries and employee benefits
  • $486Premises and equipment expense
  • $1,695Additional noninterest expense
  • $3,468Pre-tax net operating income
  • -$2Securities gains (losses)
  • $0Applicable income taxes
  • $3,466Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,466Net income attributable to bank
  • $0Net charge-offs
  • $3,466Cash dividends
  • $13Sale, conversion, retirement of capital stock, net
  • $2,304Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.42%Yield on earning assets
  • 0.47%Cost of funding earning assets
  • 3.95%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.57%Noninterest expense to earning assets
  • 1.79%Net operating income to assets
  • 1.79%Return on assets (ROA)
  • 1.79%Pretax return on assets
  • 12.62%Return on equity (ROE)
  • 4.23%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 266.77%Efficiency ratio
  • 58,004Assets per employee
  • 4.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.47%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 68.22%Noncurrent assets plus other real estate owned to assets
  • 0.81%Noncurrent loans to loans
  • 2.12%Net loans and leases to deposits
  • 44.16%Net loans and leases to core deposits
  • 51.18%Equity capital to assets
  • 14.34%Core capital (leverage) ratio
  • 11.93%Tier 1 risk-based capital ratio
  • 25.35%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $193,853Average earning assets
  • $27,458Average equity
  • $186,107Average loans

List of branches

  • 3 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07385First State Bank Of Burnet136 East Washington Street, Burnet, TX 78611October 24, 1908Full Service Brick and Mortar
    1225025Lampasas Branch800 South Key Avenue, Lampasas, TX 76550October 22, 1990Full Service Brick and Mortar
    2225026Remote Drive-In Branch311 South Water, Burnet, TX 78611January 29, 1996Limited Service Facility

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