Friona State Bank, N.A. in Friona, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2010

  • Friona State Bank, N.A. in Friona, Texas (TX)
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Friona State Bank, N.A. - Overview

  • General
  • FDIC Certificate #: 11908
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: InterBank (#27210)
    Federal Reserve ID: 248950
    Date Established: November 19, 1919
    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)
    FDIC's unique #: 7606
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 31, 2010
    Last Structure Change Process Date: January 04, 2011
    Last Data Update: January 04, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 11th Street At Cleveland, Friona, TX 79035
    County: Parmer
    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
  • Financial Summary
  • Total assets: $89.2 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, 2009)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $86,755Total assets
  • $4,445Cash and due from depository institutions
  • $3,226Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $75,969Net loans & leases
  • $823Loan loss allowance
  • $0Trading account assets
  • $2,544Bank premises and fixed assets
  • $722Other real estate owned
  • $804Goodwill and other intangibles
  • $0Life insurance assets
  • $2,271All other assets
  • $86,755Total liabilities and capital
  • $76,947Total liabilities
  • $76,768Total deposits
  • $51,907Interest-bearing deposits
  • $76,768Deposits held in domestic offices
  • 83.31%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $179All other liabilities
  • $9,808Total equity capital
  • $9,808Total bank equity capital
  • $9,808Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $7,676Undivided profits
  • Memoranda
  • $1,132Noncurrent loans and leases
  • $19,590Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $391Earning assets
  • $0Long-term assets (5+ years)
  • $1,047Average Assets, year-to-date
  • $79,195Average Assets, quarterly
  • $20,969Volatile liabilities
  • $83,854Insider loans
  • $85,316FHLB advances
  • $14,517Loans and leases held for sale
  • $2,449Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $19,590Total unused commitments
  • $0Restructured Loans and leases
  • $823Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $4,076Total interest income
  • $686Total interest expense
  • $3,390Net interest income
  • $295Provision for loan and lease losses
  • $453Total noninterest income
  • $0Fiduciary activities
  • $332Service charges on deposit accounts
  • $0Trading account gains & fees
  • $121Additional noninterest income
  • $1,755Total noninterest expense
  • $846Salaries and employee benefits
  • $168Premises and equipment expense
  • $741Additional noninterest expense
  • $1,793Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,793Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,793Net income attributable to bank
  • $0Net charge-offs
  • $1,793Cash dividends
  • $256Sale, conversion, retirement of capital stock, net
  • $1,497Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.32%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 4.43%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 2.29%Noninterest expense to earning assets
  • 2.14%Net operating income to assets
  • 2.14%Return on assets (ROA)
  • 2.14%Pretax return on assets
  • 18.58%Return on equity (ROE)
  • 3.07%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 115.23%Credit loss provision to net charge-offs
  • 8.16%Efficiency ratio
  • 45,667Assets per employee
  • 3.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 83.49%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 210.49%Noncurrent assets plus other real estate owned to assets
  • 1.28%Noncurrent loans to loans
  • 0.51%Net loans and leases to deposits
  • 98.96%Net loans and leases to core deposits
  • 122.04%Equity capital to assets
  • 11.31%Core capital (leverage) ratio
  • 10.20%Tier 1 risk-based capital ratio
  • 11.70%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $83,854Average earning assets
  • $9,650Average equity
  • $76,555Average loans

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