FDIC Certificate #: 25702 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SouthTrust Bank (#849) Federal Reserve ID: 580753 Date Established: October 01, 1984 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 12832 FDIC's unique #: 17586 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: October 01, 1984 Last Structure Change Effective Date: March 12, 1999 Last Structure Change Process Date: March 21, 1999 Last Data Update: March 21, 1999 Data Source Date: April 05, 2012
Location
Address: 9601 Katy Freeway, Houston, TX 77024 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)
Financial Summary
Total assets: $138.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
54Total employees (full-time equivalent)
$138,152Total assets
$5,337Cash and due from depository institutions
$0Interest-bearing balances
$29,717Securities
$10,455Federal funds sold & reverse repurchase agreements
$89,047Net loans & leases
$1,209Loan loss allowance
$0Trading account assets
$2,253Bank premises and fixed assets
$150Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,193All other assets
$138,152Total liabilities and capital
$128,643Total liabilities
$127,983Total deposits
$100,106Interest-bearing deposits
$127,983Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$660All other liabilities
$9,509Total equity capital
$9,509Total bank equity capital
$9,509Perpetual preferred stock
$0Common stock
$1,231Surplus
$5,035Undivided profits
Memoranda
$3,243Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$72Earning assets
$18Long-term assets (5+ years)
$561Average Assets, year-to-date
$129,219Average Assets, quarterly
$2,227Volatile liabilities
$124,280Insider loans
$137,076FHLB advances
$43,464Loans and leases held for sale
$1,985Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$37,101Total unused commitments
$0Restructured Loans and leases
$104,238Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$10,302Total interest income
$4,035Total interest expense
$6,267Net interest income
$275Provision for loan and lease losses
$463Total noninterest income
$0Fiduciary activities
$379Service charges on deposit accounts
$0Trading account gains & fees
$84Additional noninterest income
$4,490Total noninterest expense
$2,655Salaries and employee benefits
$593Premises and equipment expense
$1,242Additional noninterest expense
$1,965Pre-tax net operating income
$0Securities gains (losses)
$660Applicable income taxes
$1,305Income before extraordinary items
$0Extraordinary gains - net
$1,305Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$107Sale, conversion, retirement of capital stock, net
$98Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.96%Yield on earning assets
3.51%Cost of funding earning assets
5.45%Net interest margin
0.40%Noninterest income to earning assets
3.90%Noninterest expense to earning assets
1.05%Net operating income to assets
1.05%Return on assets (ROA)
1.58%Pretax return on assets
14.83%Return on equity (ROE)
13.71%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
257.01%Credit loss provision to net charge-offs
20.93%Efficiency ratio
66,716Assets per employee
2.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
7.51%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
1679.17%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.08%Net loans and leases to deposits
69.58%Net loans and leases to core deposits
105.36%Equity capital to assets
6.88%Core capital (leverage) ratio
6.69%Tier 1 risk-based capital ratio
8.91%Total risk-based capital ratio
Memoranda
$10Average assets
$124,280Average earning assets
$8,802Average equity
$115,020Average loans
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