FirstBank in Los Fresnos, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1995

  • FirstBank in Los Fresnos, Texas (TX)
  • Show street view No street view available for this location

FirstBank - Overview

  • General
  • FDIC Certificate #: 12508
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Valley Bank (#11166)
    Federal Reserve ID: 634852
    Date Established: October 04, 1928
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 10823
    FDIC's unique #: 7957
    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 01, 1934
    Last Structure Change Effective Date: June 01, 1995
    Last Structure Change Process Date: June 27, 1995
    Last Data Update: June 27, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 203 North Arroyo Boulevard, Los Fresnos, TX 78566
    County: Cameron
    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): Brownsville-Harlingen-San Benito, TX (#1240)
    Combined Statistical Area (CSA): Brownsville-Harlingen-Raymondville, TX (#154)
    Core Based Statistical Area (CBSA): Brownsville-Harlingen, TX (#15180)
    CBSA Metro Statistical Area: Brownsville-Harlingen, TX (#15180)
  • Financial Summary
  • Total assets: $234.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $159Total assets
  • $224,844Cash and due from depository institutions
  • $12,275Interest-bearing balances
  • $200Securities
  • $68,310Federal funds sold & reverse repurchase agreements
  • $3,505Net loans & leases
  • $128,029Loan loss allowance
  • $1,427Trading account assets
  • $0Bank premises and fixed assets
  • $8,893Other real estate owned
  • $73Goodwill and other intangibles
  • $3,420Life insurance assets
  • $339All other assets
  • $0Total liabilities and capital
  • $224,844Total liabilities
  • $209,859Total deposits
  • $208,684Interest-bearing deposits
  • $150,299Deposits held in domestic offices
  • 208684.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $200Subordinated debt
  • $0All other liabilities
  • $975Total equity capital
  • $975Total bank equity capital
  • $14,985Perpetual preferred stock
  • $0Common stock
  • $825Surplus
  • $5,175Undivided profits
  • Memoranda
  • $8,985Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $880Income earned, not collected on loans
  • $945Earning assets
  • $200,044Long-term assets (5+ years)
  • $1,760Average Assets, year-to-date
  • $210,538Average Assets, quarterly
  • $217,750Volatile liabilities
  • $23,807Insider loans
  • $3,344FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $12,097Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $15,889Total risk weighted assets
  • $127,076Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $14,235Total interest expense
  • $4,397Net interest income
  • $9,838Provision for loan and lease losses
  • $77Total noninterest income
  • $3,035Fiduciary activities
  • $0Service charges on deposit accounts
  • $2,385Trading account gains & fees
  • $0Additional noninterest income
  • $650Total noninterest expense
  • $8,745Salaries and employee benefits
  • $4,142Premises and equipment expense
  • $1,527Additional noninterest expense
  • $3,076Pre-tax net operating income
  • $4,051Securities gains (losses)
  • -$21Applicable income taxes
  • $1,380Income before extraordinary items
  • $2,650Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,650Net charge-offs
  • $74Cash dividends
  • $300Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.61%Cost of funding earning assets
  • 2.35%Net interest margin
  • 5.26%Noninterest income to earning assets
  • 1.62%Noninterest expense to earning assets
  • 4.67%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 1.91%Return on equity (ROE)
  • 18.30%Retained earnings to average equity (YTD only)
  • 16.23%Net charge-offs to loans
  • 0.06%Credit loss provision to net charge-offs
  • 104.05%Efficiency ratio
  • 67,482Assets per employee
  • 1.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.32%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 162.16%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.68%Net loans and leases to deposits
  • 61.35%Net loans and leases to core deposits
  • 69.18%Equity capital to assets
  • 6.66%Core capital (leverage) ratio
  • 7.22%Tier 1 risk-based capital ratio
  • 12.50%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $210,538Average earning assets
  • $14,482Average equity
  • $187,112Average loans

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