Founders National Bank-Skillman in Dallas, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 20, 2003

  • Founders National Bank-Skillman in Dallas, Texas (TX)
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Founders National Bank-Skillman - Overview

  • General
  • FDIC Certificate #: 25834
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank (#849)
    Federal Reserve ID: 909859
    Date Established: December 24, 1984
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 11623
    FDIC's unique #: 32068
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: December 24, 1984
    Last Structure Change Effective Date: June 20, 2003
    Last Structure Change Process Date: August 04, 2003
    Last Data Update: August 04, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 9696 Skillman Street, Suite 150, Dallas, TX 75243
    County: Dallas
    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
    Metropolitan Statistical Area (MSA): Dallas, TX (#1920)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
  • Financial Summary
  • Total assets: $114.8 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, 2002)

  • Dollar figures in thousands
  • 38Total employees (full-time equivalent)
  • $117,521Total assets
  • $5,240Cash and due from depository institutions
  • $43Interest-bearing balances
  • $15,690Securities
  • $10,385Federal funds sold & reverse repurchase agreements
  • $82,612Net loans & leases
  • $912Loan loss allowance
  • $0Trading account assets
  • $1,180Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,414All other assets
  • $117,521Total liabilities and capital
  • $107,117Total liabilities
  • $106,709Total deposits
  • $84,346Interest-bearing deposits
  • $106,709Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $408All other liabilities
  • $10,404Total equity capital
  • $10,404Total bank equity capital
  • $10,404Perpetual preferred stock
  • $0Common stock
  • $2,800Surplus
  • $1,543Undivided profits
  • Memoranda
  • $6,061Noncurrent loans and leases
  • $12,198Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $142Earning assets
  • $0Long-term assets (5+ years)
  • $590Average Assets, year-to-date
  • $108,730Average Assets, quarterly
  • $17,732Volatile liabilities
  • $113,529Insider loans
  • $116,269FHLB advances
  • $22,654Loans and leases held for sale
  • $1,048Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,198Total unused commitments
  • $0Restructured Loans and leases
  • $912Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $7,839Total interest income
  • $3,086Total interest expense
  • $4,753Net interest income
  • $180Provision for loan and lease losses
  • $572Total noninterest income
  • $0Fiduciary activities
  • $347Service charges on deposit accounts
  • $0Trading account gains & fees
  • $225Additional noninterest income
  • $3,589Total noninterest expense
  • $1,654Salaries and employee benefits
  • $472Premises and equipment expense
  • $1,463Additional noninterest expense
  • $1,556Pre-tax net operating income
  • $92Securities gains (losses)
  • $492Applicable income taxes
  • $1,156Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,156Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $137Sale, conversion, retirement of capital stock, net
  • $115Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.49%Yield on earning assets
  • 2.95%Cost of funding earning assets
  • 4.54%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.45%Pretax return on assets
  • 11.88%Return on equity (ROE)
  • 10.70%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 131.39%Credit loss provision to net charge-offs
  • 12.67%Efficiency ratio
  • 67,399Assets per employee
  • 3.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.95%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 642.25%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 77.42%Net loans and leases to core deposits
  • 98.28%Equity capital to assets
  • 8.85%Core capital (leverage) ratio
  • 8.28%Tier 1 risk-based capital ratio
  • 11.60%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $113,529Average earning assets
  • $9,731Average equity
  • $104,718Average loans

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