FDIC Certificate #: 23159 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sterling Bank (#21726) Federal Reserve ID: 582850 Date Established: July 01, 1980 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) OTS Docket #: 11089 FDIC's unique #: 16226 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: July 01, 1980 Last Structure Change Effective Date: August 24, 1998 Last Structure Change Process Date: September 23, 1998 Last Data Update: September 23, 1998 Data Source Date: April 05, 2012
Location
Address: 111 F.M. 1960 East By-Pass, Humble, TX 77338 County: Harris Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Kansas City 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)
Financial Summary
Total assets: $54.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
36Total employees (full-time equivalent)
$54,172Total assets
$4,073Cash and due from depository institutions
$0Interest-bearing balances
$14,738Securities
$7,500Federal funds sold & reverse repurchase agreements
$25,289Net loans & leases
$253Loan loss allowance
$0Trading account assets
$1,545Bank premises and fixed assets
$197Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$830All other assets
$54,172Total liabilities and capital
$50,712Total liabilities
$49,573Total deposits
$33,058Interest-bearing deposits
$49,573Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,139All other liabilities
$3,460Total equity capital
$3,460Total bank equity capital
$3,460Perpetual preferred stock
$0Common stock
$1,417Surplus
$751Undivided profits
Memoranda
$1,292Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$34Earning assets
$27Long-term assets (5+ years)
$145Average Assets, year-to-date
$47,527Average Assets, quarterly
$8,486Volatile liabilities
$47,279Insider loans
$51,532FHLB advances
$2,139Loans and leases held for sale
$266Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,820Total unused commitments
$0Restructured Loans and leases
$29,956Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$3,419Total interest income
$1,045Total interest expense
$2,374Net interest income
$96Provision for loan and lease losses
$1,180Total noninterest income
$0Fiduciary activities
$1,039Service charges on deposit accounts
$0Trading account gains & fees
$141Additional noninterest income
$2,935Total noninterest expense
$1,022Salaries and employee benefits
$466Premises and equipment expense
$1,447Additional noninterest expense
$523Pre-tax net operating income
$0Securities gains (losses)
$260Applicable income taxes
$263Income before extraordinary items
$0Extraordinary gains - net
$263Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$34Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.39%Yield on earning assets
2.56%Cost of funding earning assets
5.82%Net interest margin
2.89%Noninterest income to earning assets
7.20%Noninterest expense to earning assets
0.56%Net operating income to assets
0.56%Return on assets (ROA)
1.11%Pretax return on assets
7.88%Return on equity (ROE)
7.88%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
282.35%Credit loss provision to net charge-offs
18.21%Efficiency ratio
82,583Assets per employee
1.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
744.12%Noncurrent assets plus other real estate owned to assets
0.43%Noncurrent loans to loans
0.13%Net loans and leases to deposits
51.01%Net loans and leases to core deposits
53.31%Equity capital to assets
6.39%Core capital (leverage) ratio
6.78%Tier 1 risk-based capital ratio
11.36%Total risk-based capital ratio
Memoranda
$12Average assets
$47,279Average earning assets
$3,338Average equity
$40,766Average loans
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