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

First State Bank of Odem - Overview

  • General
  • FDIC Certificate #: 16334
    Status: Active
    Federal Reserve ID: 776369
    Bank Holding Company (Regulatory Top Holder): Odem Bancshares, Inc. (RSSDID: 2215415, Location: Odem, TX)
    Date Established: November 12, 1945
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 10518
    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: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: November 12, 1945
    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: 201 Main Street, Odem, TX 78370
    County: San Patricio
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Corpus Christi, TX (#1880)
    Combined Statistical Area (CSA): Corpus Christi-Kingsville, TX (#204)
    Core Based Statistical Area (CBSA): Corpus Christi, TX (#18580)
    CBSA Metro Statistical Area: Corpus Christi, TX (#18580)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $116.1 mil
    Equity capital: $8.0 mil
    Deposits held in domestic offices: $107.9 mil
    Return on assets (ROA): -0.08% (-$0.1 mil)
    Quarterly return on assets: 0.18% ($0.2 mil)
    Return on Equity (ROE): -1.15% (-$0.1 mil)
    Quarterly return on equity: 2.71% ($0.2 mil)
    Net income: -$0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.45% (-$522.5 mil)
    Quarterly Pretax return on assets: -0.19% (-$220.6 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
  • 33Total employees (full-time equivalent)
  • $116,117Total assets
  • $24,373Cash and due from depository institutions
  • $20,544Interest-bearing balances
  • $48,825Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $35,535Net loans & leases
  • $544Loan loss allowance
  • $0Trading account assets
  • $3,803Bank premises and fixed assets
  • $1,149Other real estate owned
  • $0Goodwill and other intangibles
  • $116,117Life insurance assets
  • $1,432All other assets
  • $108,132Total liabilities and capital
  • $107,928Total liabilities
  • $74,650Total deposits
  • $107,928Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $204Subordinated debt
  • $7,985All other liabilities
  • $7,985Total equity capital
  • $7,985Total bank equity capital
  • $0Perpetual preferred stock
  • $1,200Common stock
  • $4,802Surplus
  • $1,983Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $575Income earned, not collected on loans
  • $0Earning assets
  • $599Long-term assets (5+ years)
  • $105,904Average Assets, year-to-date
  • $21,056Average Assets, quarterly
  • $109,542Volatile liabilities
  • $118,163Insider loans
  • $49,114FHLB advances
  • $120,252Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,552Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,172Restructured Loans and leases
  • $714Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,475Total interest income
  • $771Total interest expense
  • $2,704Net interest income
  • $580Provision for loan and lease losses
  • $496Total noninterest income
  • $0Fiduciary activities
  • $370Service charges on deposit accounts
  • $0Trading account gains & fees
  • $126Additional noninterest income
  • $3,177Total noninterest expense
  • $1,450Salaries and employee benefits
  • $594Premises and equipment expense
  • $1,133Additional noninterest expense
  • -$557Pre-tax net operating income
  • $63Securities gains (losses)
  • -$405Applicable income taxes
  • -$89Income before extraordinary items
  • $0Extraordinary gains - net
  • -$89Net income attributable to bank
  • $0Net charge-offs
  • -$89Cash dividends
  • $556Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.47%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 2.70%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • -0.12%Net operating income to assets
  • -0.08%Return on assets (ROA)
  • -0.45%Pretax return on assets
  • -1.15%Return on equity (ROE)
  • -1.15%Retained earnings to average equity (YTD only)
  • 1.65%Net charge-offs to loans
  • 104.32%Credit loss provision to net charge-offs
  • 0.04%Efficiency ratio
  • 99,281Assets per employee
  • 3.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 94.61%Noncurrent assets plus other real estate owned to assets
  • 1.48%Noncurrent loans to loans
  • 1.59%Net loans and leases to deposits
  • 32.92%Net loans and leases to core deposits
  • 33.93%Equity capital to assets
  • 6.88%Core capital (leverage) ratio
  • 6.28%Tier 1 risk-based capital ratio
  • 15.38%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $109,542Average earning assets
  • $7,739Average equity
  • $100,285Average loans

List of branches

  • 4 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010518First State Bank Of Odem201 Main Street, Odem, TX 78370November 12, 1945Full Service Brick and Mortar
    1359733Callicoatte Branch4414 Callicoatte Road, Corpus Christi, TX 78410July 13, 2000Full Service Brick and Mortar
    2452380Robstown Banking Center Branch600 South Hwy 77, Robstown, TX 78380November 13, 2005Full Service Brick and Mortar
    3477844Sinton Branch310 South San Patricio, Sinton, TX 78387November 14, 2007Full Service Brick and Mortar

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