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

This bank is inactive as of December 31, 2010

  • First State Bank of Canadian, National Association in Canadian, Texas (TX)
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First State Bank of Canadian, National Association - Overview

  • General
  • FDIC Certificate #: 34634
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: InterBank (#27210)
    Federal Reserve ID: 2604514
    Date Established: December 04, 1997
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 60857
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: December 04, 1997
    Last Structure Change Effective Date: December 31, 2010
    Last Structure Change Process Date: January 04, 2011
    Last Data Update: January 04, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 115 Main Street, Canadian, TX 79014
    County: Hemphill
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $125.1 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
  • 26Total employees (full-time equivalent)
  • $123,433Total assets
  • $10,067Cash and due from depository institutions
  • $8,426Interest-bearing balances
  • $47Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $108,406Net loans & leases
  • $1,086Loan loss allowance
  • $0Trading account assets
  • $1,760Bank premises and fixed assets
  • $8Other real estate owned
  • $873Goodwill and other intangibles
  • $0Life insurance assets
  • $2,272All other assets
  • $123,433Total liabilities and capital
  • $110,495Total liabilities
  • $110,361Total deposits
  • $89,744Interest-bearing deposits
  • $110,361Deposits held in domestic offices
  • 92.37%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $134All other liabilities
  • $12,938Total equity capital
  • $12,938Total bank equity capital
  • $12,938Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $5,350Undivided profits
  • Memoranda
  • $6,588Noncurrent loans and leases
  • $54,191Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $831Earning assets
  • $0Long-term assets (5+ years)
  • $1,263Average Assets, year-to-date
  • $116,879Average Assets, quarterly
  • $15,673Volatile liabilities
  • $124,785Insider loans
  • $118,193FHLB advances
  • $26,932Loans and leases held for sale
  • $1,742Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $54,191Total unused commitments
  • $0Restructured Loans and leases
  • $1,086Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $5,864Total interest income
  • $912Total interest expense
  • $4,952Net interest income
  • $529Provision for loan and lease losses
  • $535Total noninterest income
  • $0Fiduciary activities
  • $390Service charges on deposit accounts
  • $0Trading account gains & fees
  • $145Additional noninterest income
  • $2,371Total noninterest expense
  • $1,061Salaries and employee benefits
  • $148Premises and equipment expense
  • $1,162Additional noninterest expense
  • $2,587Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $2,587Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,587Net income attributable to bank
  • $0Net charge-offs
  • $2,587Cash dividends
  • $633Sale, conversion, retirement of capital stock, net
  • $3,080Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.32%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 2.07%Noninterest expense to earning assets
  • 2.07%Net operating income to assets
  • 2.07%Return on assets (ROA)
  • 2.07%Pretax return on assets
  • 18.56%Return on equity (ROE)
  • -3.54%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 83.57%Credit loss provision to net charge-offs
  • 4.92%Efficiency ratio
  • 43,211Assets per employee
  • 4.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 119.06%Loss allowance to loans
  • 0.99%Loss allowance to noncurrent loans
  • 130.69%Noncurrent assets plus other real estate owned to assets
  • 0.68%Noncurrent loans to loans
  • 0.76%Net loans and leases to deposits
  • 98.23%Net loans and leases to core deposits
  • 129.94%Equity capital to assets
  • 10.48%Core capital (leverage) ratio
  • 10.12%Tier 1 risk-based capital ratio
  • 10.58%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $124,785Average earning assets
  • $13,939Average equity
  • $114,607Average loans

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