Gruver State Bank in Gruver, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches


Gruver State Bank - Overview

  • General
  • FDIC Certificate #: 16495
    Status: Active
    Federal Reserve ID: 339054
    Bank Holding Company (Regulatory Top Holder): Gsb Bancshares, Inc. (RSSDID: 1103896, Location: Gruver, TX)
    Date Established: September 07, 1946
    WWW: http://www.gruverstatebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 12892
    FDIC's unique #: 10655
    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: October 08, 1946
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3 Main Plaza, Gruver, TX 79040
    County: Hansford
    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
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $61.4 mil
    Equity capital: $7.0 mil
    Deposits held in domestic offices: $54.2 mil
    Return on assets (ROA): 1.53% ($0.9 mil)
    Quarterly return on assets: 1.26% ($0.8 mil)
    Return on Equity (ROE): 12.16% ($0.9 mil)
    Quarterly return on equity: 10.51% ($0.7 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.53% ($938.7 mil)
    Quarterly Pretax return on assets: 1.26% ($773.0 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
  • 12Total employees (full-time equivalent)
  • $61,353Total assets
  • $6,479Cash and due from depository institutions
  • $1,883Interest-bearing balances
  • $24,767Securities
  • $1,500Federal funds sold & reverse repurchase agreements
  • $25,406Net loans & leases
  • $324Loan loss allowance
  • $0Trading account assets
  • $216Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $61,353Life insurance assets
  • $2,985All other assets
  • $54,325Total liabilities and capital
  • $54,176Total liabilities
  • $42,378Total deposits
  • $54,176Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $149Subordinated debt
  • $7,028All other liabilities
  • $7,028Total equity capital
  • $7,028Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $2,400Surplus
  • $4,028Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $390Long-term assets (5+ years)
  • $53,556Average Assets, year-to-date
  • $26,245Average Assets, quarterly
  • $56,836Volatile liabilities
  • $59,545Insider loans
  • $33,005FHLB advances
  • $60,443Loans and leases held for sale
  • $1,460Unused loan commitments
  • $1,460Tier 1 (core) risk-based capital
  • $6,825Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,071Restructured Loans and leases
  • $223Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,117Total interest income
  • $380Total interest expense
  • $1,737Net interest income
  • $0Provision for loan and lease losses
  • $276Total noninterest income
  • $0Fiduciary activities
  • $136Service charges on deposit accounts
  • $0Trading account gains & fees
  • $140Additional noninterest income
  • $1,228Total noninterest expense
  • $695Salaries and employee benefits
  • $140Premises and equipment expense
  • $393Additional noninterest expense
  • $785Pre-tax net operating income
  • $84Securities gains (losses)
  • $0Applicable income taxes
  • $869Income before extraordinary items
  • $0Extraordinary gains - net
  • $869Net income attributable to bank
  • $0Net charge-offs
  • $869Cash dividends
  • -$3Sale, conversion, retirement of capital stock, net
  • $1,169Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.22%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 3.46%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 2.45%Noninterest expense to earning assets
  • 1.38%Net operating income to assets
  • 1.53%Return on assets (ROA)
  • 1.53%Pretax return on assets
  • 12.16%Return on equity (ROE)
  • -4.20%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 61,003Assets per employee
  • 5.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 134.52%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 46.90%Net loans and leases to core deposits
  • 50.27%Equity capital to assets
  • 11.46%Core capital (leverage) ratio
  • 11.29%Tier 1 risk-based capital ratio
  • 20.68%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $56,836Average earning assets
  • $7,147Average equity
  • $50,179Average loans

List of branches

  • 1 Texas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010655Gruver State Bank3 Main Plaza, Gruver, TX 79040September 07, 1946Full Service Brick and Mortar

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