Kress National Bank in Kress, Texas (TX)

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Kress National Bank
GeneralFDIC Certificate #: 18892
Status: Active
Federal Reserve ID: 995955
Bank Holding Company (Regulatory Top Holder): Kress National Bancshares, Inc. (RSSDID: 2741307, Location: Kress, TX)
Date Established: September 17, 1963
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 12743
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: September 17, 1963
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: W 4th Street And Us Hwy 87, Kress, TX 79052
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 ChangesChange in Location
Change in Geographic Region/Area/Territory/Field Office
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $41.3 mil
Equity capital: $4.1 mil
Deposits held in domestic offices: $37.0 mil
Return on assets (ROA): 1.17% ($0.5 mil)
Quarterly return on assets: 0.92% ($0.4 mil)
Return on Equity (ROE): 10.82% ($0.4 mil)
Quarterly return on equity: 8.74% ($0.3 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.17% ($482.6 mil)
Quarterly Pretax return on assets: 0.92% ($379.5 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)7
Total assets$41,251
Cash and due from depository institutions$9,108
Interest-bearing balances$6,361
Federal funds sold & reverse repurchase agreements$4,000
Net loans & leases$13,939
Loan loss allowance $345
Trading account assets$0
Bank premises and fixed assets$175
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$789
Life insurance assets$41,251
Total liabilities and capital$37,108
Total liabilities$37,042
Total deposits$24,582
Interest-bearing deposits$37,042
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $66
All other liabilities $4,143
Total equity capital$4,143
Total bank equity capital$4,143
Perpetual preferred stock$0
Common stock$100
Undivided profits $3,943
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $8
Earning assets $0
Long-term assets (5+ years) $683
Average Assets, year-to-date $37,540
Average Assets, quarterly $6,203
Volatile liabilities $37,593
Insider loans $39,169
FHLB advances $19,392
Loans and leases held for sale $40,683
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $4,053
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,977
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,494
Total interest expense $152
Net interest income $1,342
Provision for loan and lease losses $47
Total noninterest income $187
Fiduciary activities $0
Service charges on deposit accounts $156
Trading account gains & fees $0
Additional noninterest income $31
Total noninterest expense $1,042
Salaries and employee benefits $552
Premises and equipment expense $91
Additional noninterest expense $399
Pre-tax net operating income $440
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $440
Extraordinary gains - net $0
Net income attributable to bank $440
Net charge-offs $0
Cash dividends $440
Sale, conversion, retirement of capital stock, net $2
Net operating income $377
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.31%
Cost of funding earning assets 0.44%
Net interest margin 3.87%
Noninterest income to earning assets 0.54%
Noninterest expense to earning assets 3.01%
Net operating income to assets 1.17%
Return on assets (ROA) 1.17%
Pretax return on assets 1.17%
Return on equity (ROE) 10.82%
Retained earnings to average equity (YTD only) 1.55%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 2350.00%
Efficiency ratio243.50%
Assets per employee$68,149
Cash dividends to net income (YTD only)5.89%
Condition Ratios (%)
Loss allowance to loans 85.68%
Loss allowance to noncurrent loans 2.42%
Noncurrent assets plus other real estate owned to assets 4312.50%
Noncurrent loans to loans 0.02%
Net loans and leases to deposits0.06%
Net loans and leases to core deposits 37.63%
Equity capital to assets 39.02%
Core capital (leverage) ratio 10.04%
Tier 1 risk-based capital ratio 9.96%
Total risk-based capital ratio 20.90%
Average assets$22
Average earning assets$37,593
Average equity $4,065
Average loans $34,668
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1 Texas Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
012743Kress National BankW 4th Street And Us Hwy 87, Kress, TX 79052September 17, 1963Full Service Brick and Mortar
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