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

This bank is inactive as of April 01, 1999

  • Highlands Bank in Highlands, Texas (TX)
  • Show street view No street view available for this location

Highlands Bank - Overview

  • General
  • FDIC Certificate #: 17656
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Woodforest National Bank (#23220)
    Federal Reserve ID: 185158
    Date Established: September 24, 1956
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 11621
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 24, 1956
    Last Structure Change Effective Date: April 01, 1999
    Last Structure Change Process Date: April 22, 1999
    Last Data Update: May 06, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 420 South Main Street, Highlands, TX 77562
    County: Harris
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Houston, TX (#3360)
    Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42)
    Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
    Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420)
    CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $74.5 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 48Total employees (full-time equivalent)
  • $75,310Total assets
  • $4,419Cash and due from depository institutions
  • $1,089Interest-bearing balances
  • $5,333Securities
  • $16,465Federal funds sold & reverse repurchase agreements
  • $45,478Net loans & leases
  • $484Loan loss allowance
  • $0Trading account assets
  • $3,018Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $597All other assets
  • $75,310Total liabilities and capital
  • $69,705Total liabilities
  • $69,302Total deposits
  • $45,853Interest-bearing deposits
  • $69,302Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $403All other liabilities
  • $5,605Total equity capital
  • $5,605Total bank equity capital
  • $5,605Perpetual preferred stock
  • $0Common stock
  • $994Surplus
  • $4,006Undivided profits
  • Memoranda
  • $605Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $55Earning assets
  • $0Long-term assets (5+ years)
  • $231Average Assets, year-to-date
  • $68,365Average Assets, quarterly
  • $4,902Volatile liabilities
  • $65,658Insider loans
  • $72,182FHLB advances
  • $13,628Loans and leases held for sale
  • $1,049Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,938Total unused commitments
  • $0Restructured Loans and leases
  • $52,064Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $4,851Total interest income
  • $1,573Total interest expense
  • $3,278Net interest income
  • $0Provision for loan and lease losses
  • $1,073Total noninterest income
  • $0Fiduciary activities
  • $814Service charges on deposit accounts
  • $0Trading account gains & fees
  • $259Additional noninterest income
  • $3,137Total noninterest expense
  • $1,771Salaries and employee benefits
  • $378Premises and equipment expense
  • $988Additional noninterest expense
  • $1,214Pre-tax net operating income
  • $0Securities gains (losses)
  • $288Applicable income taxes
  • $926Income before extraordinary items
  • $0Extraordinary gains - net
  • $926Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $12Sale, conversion, retirement of capital stock, net
  • $577Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.21%Yield on earning assets
  • 2.66%Cost of funding earning assets
  • 5.55%Net interest margin
  • 1.82%Noninterest income to earning assets
  • 5.31%Noninterest expense to earning assets
  • 1.41%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 16.56%Return on equity (ROE)
  • 6.24%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 101.17%Efficiency ratio
  • 72,098Assets per employee
  • 1.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.31%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 880.00%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 65.62%Net loans and leases to core deposits
  • 81.69%Equity capital to assets
  • 7.44%Core capital (leverage) ratio
  • 7.69%Tier 1 risk-based capital ratio
  • 10.75%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $65,658Average earning assets
  • $5,590Average equity
  • $59,097Average loans

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