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


First State Bank of Mineral Wells - Overview

  • General
  • FDIC Certificate #: 26929
    Status: Active
    Federal Reserve ID: 238755
    Bank Holding Company (Regulatory Top Holder): Mineral Wells Bancshares, Inc. (RSSDID: 1833933, Location: Mineral Wells, TX)
    Date Established: April 03, 1987
    WWW: http://www.statebanktex.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 36321
    Numeric code: 13
    Regulator: FED
    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: Commercial Lending Specialization
    Date of Deposit Insurance: April 03, 1987
    Last Structure Change Effective Date: January 15, 2011
    Last Structure Change Process Date: Febuary 15, 2011
    Last Data Update: Febuary 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 Se 1st Street, Mineral Wells, TX 76067
    County: Palo Pinto
    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
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Mineral Wells, TX (#33420)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $109.2 mil
    Equity capital: $12.1 mil
    Deposits held in domestic offices: $96.6 mil
    Return on assets (ROA): 1.26% ($1.4 mil)
    Quarterly return on assets: 1.27% ($1.4 mil)
    Return on Equity (ROE): 11.43% ($1.4 mil)
    Quarterly return on equity: 11.67% ($1.4 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.26% ($1,375.5 mil)
    Quarterly Pretax return on assets: 1.27% ($1,386.4 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
  • 31Total employees (full-time equivalent)
  • $109,165Total assets
  • $21,279Cash and due from depository institutions
  • $18,177Interest-bearing balances
  • $11,244Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $66,688Net loans & leases
  • $711Loan loss allowance
  • $0Trading account assets
  • $5,510Bank premises and fixed assets
  • $25Other real estate owned
  • $841Goodwill and other intangibles
  • $109,165Life insurance assets
  • $3,578All other assets
  • $97,098Total liabilities and capital
  • $96,563Total liabilities
  • $62,879Total deposits
  • $96,563Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $535Subordinated debt
  • $12,067All other liabilities
  • $12,067Total equity capital
  • $12,067Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $5,200Surplus
  • $6,067Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $55Income earned, not collected on loans
  • $0Earning assets
  • $361Long-term assets (5+ years)
  • $96,109Average Assets, year-to-date
  • $37,095Average Assets, quarterly
  • $102,420Volatile liabilities
  • $109,921Insider loans
  • $69,266FHLB advances
  • $110,295Loans and leases held for sale
  • $2,177Unused loan commitments
  • $822Tier 1 (core) risk-based capital
  • $10,876Tier 2 risk-based capital
  • $622Total risk weighted assets
  • $733Total unused commitments
  • $9,822Restructured Loans and leases
  • $1,815Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,472Total interest income
  • $429Total interest expense
  • $4,043Net interest income
  • $129Provision for loan and lease losses
  • $1,105Total noninterest income
  • $0Fiduciary activities
  • $606Service charges on deposit accounts
  • $0Trading account gains & fees
  • $499Additional noninterest income
  • $3,725Total noninterest expense
  • $1,840Salaries and employee benefits
  • $595Premises and equipment expense
  • $1,290Additional noninterest expense
  • $1,294Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,294Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,294Net income attributable to bank
  • $0Net charge-offs
  • $1,294Cash dividends
  • $79Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 0.47%Cost of funding earning assets
  • 4.45%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 4.10%Noninterest expense to earning assets
  • 1.26%Net operating income to assets
  • 1.26%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 11.43%Return on equity (ROE)
  • 7.02%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 163.29%Credit loss provision to net charge-offs
  • 18.01%Efficiency ratio
  • 71,737Assets per employee
  • 3.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.64%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 1292.73%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.08%Net loans and leases to deposits
  • 69.06%Net loans and leases to core deposits
  • 72.17%Equity capital to assets
  • 11.05%Core capital (leverage) ratio
  • 9.86%Tier 1 risk-based capital ratio
  • 15.70%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $102,420Average earning assets
  • $11,317Average equity
  • $90,817Average loans

List of branches

  • 4 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    036321First State Bank Of Mineral Wells101 Se 1st Street, Mineral Wells, TX 76067April 03, 1987Full Service Brick and Mortar
    2260494Mineral Wells Drive-Thru Branch402 East Hubbard Street, Mineral Wells, TX 76067September 09, 1992Limited Service Facility
    3260495Possum Kingdom Lake Branch1404 Park Road 36, Graford, TX 76449September 01, 1995Full Service Brick and Mortar
    445306606 Weatherford Branch1901 Wall Street, Weatherford, TX 76086Febuary 01, 2006Full Service Brick and Mortar

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