Herring Bank in Amarillo, Texas (TX), OK, CO
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Herring Bank in Amarillo, Texas (TX), OK, CO
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Herring Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
    Corrections
  • Financial Summary
  • Total 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
  • 202Total employees (full-time equivalent)
  • $562,646Total assets
  • $90,167Cash and due from depository institutions
  • $65,750Interest-bearing balances
  • $111,507Securities
  • $47Federal funds sold & reverse repurchase agreements
  • $334,606Net loans & leases
  • $4,703Loan loss allowance
  • $0Trading account assets
  • $9,013Bank premises and fixed assets
  • $6,160Other real estate owned
  • $136Goodwill and other intangibles
  • $562,646Life insurance assets
  • $11,010All other assets
  • $505,971Total liabilities and capital
  • $493,854Total liabilities
  • $375,359Total deposits
  • $493,854Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,348Trading liabilities
  • $0Other borrowed funds
  • $1,769Subordinated debt
  • $56,675All other liabilities
  • $56,675Total equity capital
  • $56,675Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $42,500Surplus
  • $13,175Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $86Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,096Income earned, not collected on loans
  • $0Earning assets
  • $3,401Long-term assets (5+ years)
  • $511,910Average Assets, year-to-date
  • $149,488Average Assets, quarterly
  • $569,659Volatile liabilities
  • $583,034Insider loans
  • $350,361FHLB advances
  • $574,630Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $54,297Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $46,197Restructured Loans and leases
  • $9,854Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,912Total interest income
  • $4,585Total interest expense
  • $20,327Net interest income
  • $628Provision for loan and lease losses
  • $9,849Total noninterest income
  • $1,664Fiduciary activities
  • $3,117Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,068Additional noninterest income
  • $23,166Total noninterest expense
  • $10,070Salaries and employee benefits
  • $2,814Premises and equipment expense
  • $10,282Additional noninterest expense
  • $6,382Pre-tax net operating income
  • $142Securities gains (losses)
  • $0Applicable income taxes
  • $6,524Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,524Net income attributable to bank
  • $0Net charge-offs
  • $6,524Cash dividends
  • $743Sale, conversion, retirement of capital stock, net
  • $2,630Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 3.94%Net interest margin
  • 1.91%Noninterest income to earning assets
  • 4.49%Noninterest expense to earning assets
  • 1.12%Net operating income to assets
  • 1.15%Return on assets (ROA)
  • 1.15%Pretax return on assets
  • 12.36%Return on equity (ROE)
  • 7.38%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 84.52%Credit loss provision to net charge-offs
  • 9.43%Efficiency ratio
  • 76,677Assets per employee
  • 2.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.31%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 77.15%Noncurrent assets plus other real estate owned to assets
  • 2.18%Noncurrent loans to loans
  • 1.80%Net loans and leases to deposits
  • 67.75%Net loans and leases to core deposits
  • 74.68%Equity capital to assets
  • 10.07%Core capital (leverage) ratio
  • 9.45%Tier 1 risk-based capital ratio
  • 15.50%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $569,659Average earning assets
  • $52,782Average equity
  • $515,805Average 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
  • $357,682Managed Assets
  • 1Number of Accounts
  • $290,787Personal trust and agency accounts
  • $57,098Employee benefit-defined contribution accounts
  • $669Employee benefit-defined benefit accounts
  • $6,874Other retirement accounts
  • $5,702Corporate trust and agency accounts
  • $21,486Investment management agency accounts
  • $194,871Other fiduciary accounts
  • $4,087Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 430Number of Accounts
  • $0Personal trust and agency accounts
  • $5,319Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $66,895Other retirement accounts
  • $347Corporate trust and agency accounts
  • $48,053Other fiduciary accounts
  • $1,228Fiduciary accounts held in foreign offices

List of branches

  • 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
  • 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
  • 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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