First United Bank in Dimmitt, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches


First United Bank - Overview

  • General
  • FDIC Certificate #: 12769
    Status: Active
    Federal Reserve ID: 578255
    Bank Holding Company (Regulatory Top Holder): Plains Bancorp, Inc. (RSSDID: 1108163, Location: Dimmitt, TX)
    Date Established: March 07, 1907
    WWW: http://www.firstunited.net
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 18 (Domestic: 17, Interstate: No)
    OTS Docket #: 15741
    FDIC's unique #: 8086
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 2007
    Last Structure Change Process Date: Febuary 12, 2007
    Last Data Update: Febuary 12, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 North Broadway, Dimmitt, TX 79027
    County: Castro
    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
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Change in Geographic Region/Area/Territory/Field Office
    Corrections
  • Financial Summary
  • Total assets: $1,081.2 mil
    Equity capital: $98.0 mil
    Deposits held in domestic offices: $962.8 mil
    Return on assets (ROA): 1.51% ($16.3 mil)
    Quarterly return on assets: 1.20% ($13.0 mil)
    Return on Equity (ROE): 17.05% ($16.7 mil)
    Quarterly return on equity: 12.79% ($12.5 mil)
    Net income: $15.4 mil
    Quarterly Net income: $3.1 mil
    Pretax return on assets: 1.51% ($16,325.7 mil)
    Quarterly Pretax return on assets: 1.20% ($12,974.1 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, 2011)

  • Dollar figures in thousands
  • 216Total employees (full-time equivalent)
  • $1,081,173Total assets
  • $42,002Cash and due from depository institutions
  • $111Interest-bearing balances
  • $457,838Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $516,208Net loans & leases
  • $8,111Loan loss allowance
  • $0Trading account assets
  • $30,208Bank premises and fixed assets
  • $1,946Other real estate owned
  • $8,822Goodwill and other intangibles
  • $1,081,173Life insurance assets
  • $24,149All other assets
  • $983,222Total liabilities and capital
  • $962,822Total liabilities
  • $756,089Total deposits
  • $962,822Interest-bearing deposits
  • $67Deposits held in domestic offices
  • 10000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,684Trading liabilities
  • $0Other borrowed funds
  • $6,716Subordinated debt
  • $97,951All other liabilities
  • $97,951Total equity capital
  • $97,951Total bank equity capital
  • $0Perpetual preferred stock
  • $1,500Common stock
  • $32,500Surplus
  • $63,951Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,062Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,508Income earned, not collected on loans
  • $0Earning assets
  • $7,419Long-term assets (5+ years)
  • $974,157Average Assets, year-to-date
  • $407,204Average Assets, quarterly
  • $1,019,964Volatile liabilities
  • $1,037,859Insider loans
  • $628,943FHLB advances
  • $1,021,512Loans and leases held for sale
  • $7,946Unused loan commitments
  • $5,796Tier 1 (core) risk-based capital
  • $80,939Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,150Total unused commitments
  • $116,977Restructured Loans and leases
  • $10,785Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $42,005Total interest income
  • $7,074Total interest expense
  • $34,931Net interest income
  • $2,400Provision for loan and lease losses
  • $6,783Total noninterest income
  • $0Fiduciary activities
  • $3,391Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,392Additional noninterest income
  • $24,092Total noninterest expense
  • $14,246Salaries and employee benefits
  • $3,670Premises and equipment expense
  • $6,176Additional noninterest expense
  • $15,222Pre-tax net operating income
  • $192Securities gains (losses)
  • $0Applicable income taxes
  • $15,414Income before extraordinary items
  • $0Extraordinary gains - net
  • $15,414Net income attributable to bank
  • $0Net charge-offs
  • $15,414Cash dividends
  • $1,507Sale, conversion, retirement of capital stock, net
  • $6,350Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.53%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 2.60%Noninterest expense to earning assets
  • 1.49%Net operating income to assets
  • 1.51%Return on assets (ROA)
  • 1.51%Pretax return on assets
  • 17.05%Return on equity (ROE)
  • 10.03%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 159.26%Credit loss provision to net charge-offs
  • 11.69%Efficiency ratio
  • 57,127Assets per employee
  • 5.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.20%Loss allowance to loans
  • 1.55%Loss allowance to noncurrent loans
  • 179.92%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 53.61%Net loans and leases to core deposits
  • 67.79%Equity capital to assets
  • 9.06%Core capital (leverage) ratio
  • 7.92%Tier 1 risk-based capital ratio
  • 12.87%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,019,964Average earning assets
  • $90,393Average equity
  • $926,668Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $5,636Managed Assets
  • 1Number of Accounts
  • $5,636Personal trust and agency accounts
  • $1,626Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,010Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 8Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 18 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08086First United Bank201 North Broadway, Dimmitt, TX 79027March 07, 1907Full Service Brick and Mortar
    1227856Detached Drive-In Facility201 North Broadway, Dimmitt, TX 79027August 29, 1977Limited Service Facility
    211119Earth BranchMain And Cedar, Earth, TX 79031December 10, 1951Full Service Brick and Mortar
    311002Seagraves Branch106 Main, Seagraves, TX 79359August 17, 1917Full Service Brick and Mortar
    416900Lubbock Northwest Branch5802 Fourth Street, Lubbock, TX 79416January 03, 1983Full Service Brick and Mortar
    6227858Lubbock Southwest Branch6604 Frankford Avenue, Lubbock, TX 79424April 01, 1996Full Service Brick and Mortar
    73766Sudan Branch200 Main Street, Sudan, TX 79371March 15, 1923Full Service Brick and Mortar
    8207807Littlefield Branch2003 South Hall Avenue, Littlefield, TX 79339November 03, 1997Full Service Brick and Mortar
    9359688Seminole Branch601 Nw Avenue B, Seminole, TX 79360December 04, 2000Full Service Brick and Mortar
    10428762First United Bank The Colonies BrancOne First United Bank Parkway, Amarillo, TX 79119May 24, 2004Full Service Brick and Mortar
    11430044Amarillo Messenger Service112 W. 8th Avenue, Amarillo, TX 79101June 28, 2004Limited Service Messenger
    12442212First United Bank - Downtown Amarill8th & Tyler, Amarillo, TX 79101Febuary 01, 2004Full Service Brick and Mortar
    14452550Canyon Branch801 23rd Street, Canyon, TX 79015December 12, 2005Full Service Retail
    15452551Tradewind Branch Amarillo Branch1900 Se 34th Street Suite 100, Amarillo, TX 79118November 14, 2005Full Service Brick and Mortar
    162129First United Bank Lamesa Branch601 North First Street, Lamesa, TX 79331January 01, 1905Full Service Brick and Mortar
    17465433Messenger Service5802 4th Street, Lubbock, TX 79416July 16, 2007Limited Service Messenger
    18522173First United Bank Wichita Falls Bank2904 Garnett Avenue, Wichita Falls, TX 76308August 22, 2011Full Service Brick and Mortar
    19527927Southeast Banking Center9801 Indiana Avenue, Lubbock, TX 79423January 23, 2012Full Service Brick and Mortar

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