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

Happy State Bank - Overview

  • General
  • FDIC Certificate #: 10359
    Status: Active
    Federal Reserve ID: 466857
    Bank Holding Company (Regulatory Top Holder): Happy Bancshares, Inc. (RSSDID: 1843062, Location: Canyon, TX)
    Date Established: January 01, 1908
    WWW: http://www.happybank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 29 (Domestic: 29, Interstate: No)
    OTS Docket #: 14291
    FDIC's unique #: 6635
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 08, 2011
    Last Structure Change Process Date: July 12, 2011
    Last Data Update: July 12, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 East Main Street, Happy, TX 79042
    County: Swisher
    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
  • Office Purchased
  • Financial Summary
  • Total assets: $1,840.0 mil
    Equity capital: $172.6 mil
    Deposits held in domestic offices: $1,625.4 mil
    Return on assets (ROA): 0.43% ($7.9 mil)
    Quarterly return on assets: 0.06% ($1.1 mil)
    Return on Equity (ROE): 4.55% ($7.9 mil)
    Quarterly return on equity: 0.63% ($1.1 mil)
    Net income: $7.2 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.50% ($9,200.0 mil)
    Quarterly Pretax return on assets: -0.24% (-$4,416.0 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
  • 483Total employees (full-time equivalent)
  • $1,839,997Total assets
  • $137,267Cash and due from depository institutions
  • $88,364Interest-bearing balances
  • $517,208Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,027,713Net loans & leases
  • $15,851Loan loss allowance
  • $0Trading account assets
  • $47,978Bank premises and fixed assets
  • $2,885Other real estate owned
  • $41,819Goodwill and other intangibles
  • $1,839,997Life insurance assets
  • $65,127All other assets
  • $1,667,404Total liabilities and capital
  • $1,625,364Total liabilities
  • $1,035,187Total deposits
  • $1,625,364Interest-bearing deposits
  • $55Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $34,099Trading liabilities
  • $0Other borrowed funds
  • $7,941Subordinated debt
  • $172,593All other liabilities
  • $172,593Total equity capital
  • $172,593Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $123,390Surplus
  • $49,003Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,523Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,903Income earned, not collected on loans
  • $80Earning assets
  • $12,536Long-term assets (5+ years)
  • $1,633,285Average Assets, year-to-date
  • $806,786Average Assets, quarterly
  • $1,662,341Volatile liabilities
  • $1,763,541Insider loans
  • $1,210,713FHLB advances
  • $1,749,860Loans and leases held for sale
  • $24,692Unused loan commitments
  • $24,170Tier 1 (core) risk-based capital
  • $131,562Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $522Total unused commitments
  • $265,045Restructured Loans and leases
  • $30,301Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $65,970Total interest income
  • $8,776Total interest expense
  • $57,194Net interest income
  • $16,150Provision for loan and lease losses
  • $23,502Total noninterest income
  • $7,699Fiduciary activities
  • $6,255Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,548Additional noninterest income
  • $57,322Total noninterest expense
  • $29,162Salaries and employee benefits
  • $9,232Premises and equipment expense
  • $18,928Additional noninterest expense
  • $7,224Pre-tax net operating income
  • $1,154Securities gains (losses)
  • $1,194Applicable income taxes
  • $7,184Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,184Net income attributable to bank
  • $0Net charge-offs
  • $7,184Cash dividends
  • $12,383Sale, conversion, retirement of capital stock, net
  • $12,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.50%Yield on earning assets
  • 0.60%Cost of funding earning assets
  • 3.90%Net interest margin
  • 1.60%Noninterest income to earning assets
  • 3.91%Noninterest expense to earning assets
  • 0.37%Net operating income to assets
  • 0.43%Return on assets (ROA)
  • 0.50%Pretax return on assets
  • 4.55%Return on equity (ROE)
  • -3.05%Retained earnings to average equity (YTD only)
  • 1.21%Net charge-offs to loans
  • 130.42%Credit loss provision to net charge-offs
  • 1.89%Efficiency ratio
  • 70,616Assets per employee
  • 3.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 167.04%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 160.06%Noncurrent assets plus other real estate owned to assets
  • 0.70%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 63.23%Net loans and leases to core deposits
  • 72.52%Equity capital to assets
  • 9.38%Core capital (leverage) ratio
  • 7.52%Tier 1 risk-based capital ratio
  • 10.87%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,662,341Average earning assets
  • $157,832Average equity
  • $1,464,697Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,832,034Managed Assets
  • 1Number of Accounts
  • $116,869Personal trust and agency accounts
  • $35,958Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $8,738Corporate trust and agency accounts
  • $40,711Investment management agency accounts
  • $31,462Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 37499Number of Accounts
  • $0Personal trust and agency accounts
  • $8,738Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,715,165Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,691,740Fiduciary accounts held in foreign offices

List of branches

  • 29 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06635Happy State Bank100 East Main Street, Happy, TX 79042January 01, 1908Full Service Brick and Mortar
    1222322Canyon Branch1908 4th Avenue, Canyon, TX 79015May 01, 1990Full Service Brick and Mortar
    2222323Soncy Branch3423 Soncy Road, Amarillo, TX 79121November 01, 1994Full Service Brick and Mortar
    3222324Bell Street Branch3131 Bell Street, Suite 202, Amarillo, TX 79106March 15, 1995Full Service Brick and Mortar
    4357844South Western Branch5116 South Western Street, Amarillo, TX 79109July 01, 1999Full Service Retail
    5418827Dalhart Branch819 Chicago Street, Dalhart, TX 79022April 05, 2003Full Service Brick and Mortar
    6419838Stratford Branch102 N. Main Street, Stratford, TX 79084October 11, 2002Full Service Brick and Mortar
    8425182Tascosa Road500 Tascosa Road, Amarillo, TX 79124November 03, 2003Full Service Brick and Mortar
    911526Dumas Financial Center BranchFifth Street And Dumas Avenue, Dumas, TX 79029January 25, 1956Full Service Brick and Mortar
    102198Third And Euclid BranchThird And Euclid Streets, Panhandle, TX 79068May 06, 1927Full Service Brick and Mortar
    11429689416 Main Branch416 Main, Sunray, TX 79086April 16, 2004Full Service Brick and Mortar
    14466123Plainview Branch3110 Olton Rd, Plainview, TX 79072May 01, 2007Full Service Brick and Mortar
    15479123Borger Branch1331 West Wilson, Borger, TX 79008April 14, 2008Full Service Brick and Mortar
    1640535221 North Gray Branch221 North Gray, Pampa, TX 79065January 01, 1928Full Service Brick and Mortar
    172885244302 West 45th Branch4302 West 45th, Amarillo, TX 79109October 14, 1988Full Service Brick and Mortar
    18262895501 West Park Ave Branch501 West Park Ave, Hereford, TX 79045January 01, 1928Full Service Brick and Mortar
    192628982500 Perryton Parkway Branch2500 Perryton Pkwy, Pampa, TX 79065June 30, 1985Full Service Brick and Mortar
    20274521Coulter Branch5100 S. Coulter, Amarillo, TX 79109January 01, 1934Full Service Brick and Mortar
    22288537Paramount Branch2531 Paramount, Amarillo, TX 79109June 30, 1992Full Service Brick and Mortar
    23288539South Polk Drive-In406 South Polk, Amarillo, TX 79101September 15, 1989Limited Service Facility
    25491601Taylor Branch701 S. Taylor, Amarillo, TX 79101April 27, 2009Full Service Brick and Mortar
    262002Canadian Branch200 Main Street, Canadian, TX 79014March 07, 1892Full Service Brick and Mortar
    272102Higgins Branch21 North Main Street, Higgins, TX 79046January 01, 1906Full Service Brick and Mortar
    29238576Floydada Branch105 South Wall, Floydada, TX 79235July 02, 1990Full Service Brick and Mortar
    307592Olton Branch612 Main Street, Olton, TX 79064September 29, 1929Full Service Brick and Mortar
    31358528Lockney Branch201 North Main Street, Lockney, TX 79241August 28, 2000Full Service Brick and Mortar
    32358928Silverton Branch500 Main Street, Silverton, TX 79257December 15, 2000Full Service Brick and Mortar
    33480625Texline State Bank Branch111 North Street, Texline, TX 79087August 22, 1977Full Service Brick and Mortar
    34521316Downtown Express Bank1000 S. Buchanan, Amarillo, TX 79101June 27, 2011Full Service Brick and Mortar

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