Herring Bank in Amarillo, Texas (TX), OK, CO

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Herring Bank
GeneralFDIC Certificate #: 5568
Status: Active
Federal Reserve ID: 610164
Bank Holding Company (Regulatory Top Holder): Herring Bancorp, Inc. (RSSDID: 1109496, Location: Amarillo, TX)
Date Established: January 01, 1899
WWW: http://www.herringbank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 16 (Domestic: 16, Interstate: Yes)
OTS Docket #: 10917
FDIC's unique #: 3788
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 31, 2009
Last Structure Change Process Date: August 03, 2009
Last Data Update: August 03, 2009
Data Source Date: April 05, 2012
LocationAddress: 2201 Civic Circle, Amarillo, TX 79101
County: Potter
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
Metropolitan Statistical Area (MSA): Amarillo, TX (#320)
Core Based Statistical Area (CBSA): Amarillo, TX (#11100)
CBSA Metro Statistical Area: Amarillo, TX (#11100)
History of ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Financial SummaryTotal assets: $562.6 mil
Equity capital: $56.7 mil
Deposits held in domestic offices: $493.9 mil
Return on assets (ROA): 1.15% ($6.5 mil)
Quarterly return on assets: 0.99% ($5.6 mil)
Return on Equity (ROE): 12.36% ($7.0 mil)
Quarterly return on equity: 10.09% ($5.8 mil)
Net income: $6.5 mil
Quarterly Net income: $1.4 mil
Pretax return on assets: 1.15% ($6,470.4 mil)
Quarterly Pretax return on assets: 0.99% ($5,570.2 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)202
Total assets$562,646
Cash and due from depository institutions$90,167
Interest-bearing balances$65,750
Federal funds sold & reverse repurchase agreements$47
Net loans & leases$334,606
Loan loss allowance $4,703
Trading account assets$0
Bank premises and fixed assets$9,013
Other real estate owned$6,160
Goodwill and other intangibles$136
All other assets$11,010
Life insurance assets$562,646
Total liabilities and capital$505,971
Total liabilities$493,854
Total deposits$375,359
Interest-bearing deposits$493,854
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$10,348
Other borrowed funds $0
Subordinated debt $1,769
All other liabilities $56,675
Total equity capital$56,675
Total bank equity capital$56,675
Perpetual preferred stock$0
Common stock$1,000
Undivided profits $13,175
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $86
Income earned, not collected on loans $6,096
Earning assets $0
Long-term assets (5+ years) $3,401
Average Assets, year-to-date $511,910
Average Assets, quarterly $149,488
Volatile liabilities $569,659
Insider loans $583,034
FHLB advances $350,361
Loans and leases held for sale $574,630
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $54,297
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $46,197
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $24,912
Total interest expense $4,585
Net interest income $20,327
Provision for loan and lease losses $628
Total noninterest income $9,849
Fiduciary activities $1,664
Service charges on deposit accounts $3,117
Trading account gains & fees $0
Additional noninterest income $5,068
Total noninterest expense $23,166
Salaries and employee benefits $10,070
Premises and equipment expense $2,814
Additional noninterest expense $10,282
Pre-tax net operating income $6,382
Securities gains (losses) $142
Applicable income taxes $0
Income before extraordinary items $6,524
Extraordinary gains - net $0
Net income attributable to bank $6,524
Net charge-offs $0
Cash dividends $6,524
Sale, conversion, retirement of capital stock, net $743
Net operating income $2,630
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.83%
Cost of funding earning assets 0.89%
Net interest margin 3.94%
Noninterest income to earning assets 1.91%
Noninterest expense to earning assets 4.49%
Net operating income to assets 1.12%
Return on assets (ROA) 1.15%
Pretax return on assets 1.15%
Return on equity (ROE) 12.36%
Retained earnings to average equity (YTD only) 7.38%
Net charge-offs to loans 0.22%
Credit loss provision to net charge-offs 84.52%
Efficiency ratio9.43%
Assets per employee$76,677
Cash dividends to net income (YTD only)2.79%
Condition Ratios (%)
Loss allowance to loans 40.31%
Loss allowance to noncurrent loans 1.39%
Noncurrent assets plus other real estate owned to assets 77.15%
Noncurrent loans to loans 2.18%
Net loans and leases to deposits1.80%
Net loans and leases to core deposits 67.75%
Equity capital to assets 74.68%
Core capital (leverage) ratio 10.07%
Tier 1 risk-based capital ratio 9.45%
Total risk-based capital ratio 15.50%
Average assets$17
Average earning assets$569,659
Average equity $52,782
Average loans $515,805
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$357,682
Number of Accounts1
Personal trust and agency accounts$290,787
Employee benefit-defined contribution accounts$57,098
Employee benefit-defined benefit accounts$669
Other retirement accounts$6,874
Corporate trust and agency accounts$5,702
Investment management agency accounts$21,486
Other fiduciary accounts$194,871
Fiduciary accounts held in foreign offices$4,087
Non-managed Assets$0
Number of Accounts430
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$5,319
Employee benefit-defined benefit accounts$0
Other retirement accounts$66,895
Corporate trust and agency accounts$347
Other fiduciary accounts$48,053
Fiduciary accounts held in foreign offices$1,228
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2 Colorado Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
1012746Colorado National Bank Branch3110 North Nevada Avenue, Colorado Springs, CO 80933September 24, 1963Full Service Brick and Mortar
19511155Messenger Service3110 N. Nevada, Colorado Springs, CO 80907August 11, 2010Limited Service Messenger
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3 Oklahoma Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
166314First State Bank Of Altus721 North Main Street, Altus, OK 73521January 01, 1909Full Service Brick and Mortar
17221461Altus Branch2500-2516 North Main Street, Altus, OK 73521August 16, 1995Full Service Brick and Mortar
21521817Weatherford Branch2811 E. Main St, Weatherford, OK 73096August 04, 2010Full Service Brick and Mortar
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11 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03788Herring Bank2201 Civic Circle, Amarillo, TX 79101January 01, 1899Full Service Brick and Mortar
1207832Amarillo/Bell Branch45th And Bell Street, Amarillo, TX 79109June 13, 1995Full Service Retail
3288330Vernon Branch4102 Wilbarger Street, Vernon, TX 76384November 19, 1987Full Service Brick and Mortar
5809123 South Kearney Branch105 Kearney St, Clarendon, TX 79226May 07, 1912Full Service Brick and Mortar
7207835Pierce Branch400 S. Pierce, Amarillo, TX 79101May 01, 1998Full Service Brick and Mortar
8364772Vernon Pease Street Branch1900 Pease Street, Vernon, TX 76384April 01, 2002Full Service Brick and Mortar
9444626Mobile Branch1900 Pease Street, Vernon, TX 76385September 10, 2001Limited Service Mobile
14489856Azle Branch108 Industrial Avenue, Azle, TX 76020March 02, 2009Full Service Brick and Mortar
15491613Seymour Branch323 North Main Street, Seymour, TX 76380Febuary 12, 2009Full Service Brick and Mortar
18510577Grand Prairie Branch2317 S. Beltline Road, Grand Prairie, TX 75051March 24, 2010Full Service Brick and Mortar
205151374245 Kemp Blvd Branch4245 Kemp Boulevard, Suite 304, Wichita Falls, TX 76308May 17, 2010Full Service Brick and Mortar
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