First Texas Bank - Hitchcock in Hitchcock, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 14, 2000

  • First Texas Bank - Hitchcock in Hitchcock, Texas (TX)
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First Texas Bank - Hitchcock - Overview

  • General
  • FDIC Certificate #: 18466
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Texas First Bank (#22420)
    Federal Reserve ID: 70450
    Date Established: January 03, 1962
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 12363
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 03, 1962
    Last Structure Change Effective Date: August 14, 2000
    Last Structure Change Process Date: November 01, 2000
    Last Data Update: November 01, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 8128 Highway 6, Hitchcock, TX 77563
    County: Galveston
    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): Galveston-Texas City, TX (#2920)
    Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42)
    Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
    Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420)
    CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
  • Financial Summary
  • Total assets: $70.9 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $71,631Total assets
  • $4,338Cash and due from depository institutions
  • $0Interest-bearing balances
  • $40,769Securities
  • $500Federal funds sold & reverse repurchase agreements
  • $23,397Net loans & leases
  • $596Loan loss allowance
  • $0Trading account assets
  • $431Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,196All other assets
  • $71,631Total liabilities and capital
  • $63,770Total liabilities
  • $63,090Total deposits
  • $52,710Interest-bearing deposits
  • $63,090Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $680All other liabilities
  • $7,861Total equity capital
  • $7,861Total bank equity capital
  • $7,861Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $2,000Undivided profits
  • Memoranda
  • $5,361Noncurrent loans and leases
  • $3,416Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $359Earning assets
  • $0Long-term assets (5+ years)
  • $167Average Assets, year-to-date
  • $64,666Average Assets, quarterly
  • $9,126Volatile liabilities
  • $76,384Insider loans
  • $72,332FHLB advances
  • $10,599Loans and leases held for sale
  • $307Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,416Total unused commitments
  • $0Restructured Loans and leases
  • $411Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $5,221Total interest income
  • $2,594Total interest expense
  • $2,627Net interest income
  • $188Provision for loan and lease losses
  • $707Total noninterest income
  • $0Fiduciary activities
  • $423Service charges on deposit accounts
  • $0Trading account gains & fees
  • $284Additional noninterest income
  • $1,974Total noninterest expense
  • $834Salaries and employee benefits
  • $268Premises and equipment expense
  • $872Additional noninterest expense
  • $1,172Pre-tax net operating income
  • $0Securities gains (losses)
  • $490Applicable income taxes
  • $682Income before extraordinary items
  • $0Extraordinary gains - net
  • $682Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $184Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.40%Yield on earning assets
  • 3.68%Cost of funding earning assets
  • 3.73%Net interest margin
  • 1.00%Noninterest income to earning assets
  • 2.80%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.53%Pretax return on assets
  • 8.43%Return on equity (ROE)
  • -16.29%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 102.17%Credit loss provision to net charge-offs
  • 7.39%Efficiency ratio
  • 59,208Assets per employee
  • 2.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 293.26%Loss allowance to loans
  • 2.48%Loss allowance to noncurrent loans
  • 166.02%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 1.50%Net loans and leases to deposits
  • 37.09%Net loans and leases to core deposits
  • 44.57%Equity capital to assets
  • 10.97%Core capital (leverage) ratio
  • 11.26%Tier 1 risk-based capital ratio
  • 24.85%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $76,384Average earning assets
  • $8,091Average equity
  • $70,513Average loans

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