Lone Star State Bank of West Texas in Lubbock, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 09, 2008

  • Lone Star State Bank of West Texas in Lubbock, Texas (TX)
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Lone Star State Bank of West Texas - Overview

  • General
  • FDIC Certificate #: 58718
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: LONE STAR STATE BANK OF WEST TEXAS (#3116)
    Federal Reserve ID: 3607062
    Date Established: December 03, 2007
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 463770
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 03, 2007
    Last Structure Change Effective Date: October 09, 2008
    Last Structure Change Process Date: December 09, 2008
    Last Data Update: December 09, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2599 74th Street, Lubbock, TX 79423
    County: Lubbock
    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): Lubbock, TX (#4600)
    Combined Statistical Area (CSA): Lubbock-Levelland, TX (#352)
    Core Based Statistical Area (CBSA): Lubbock, TX (#31180)
    CBSA Metro Statistical Area: Lubbock, TX (#31180)
  • Financial Summary
  • Total assets: $166.4 mil

Assets and Liabilities (December 31, 2007)

  • Dollar figures in thousands
  • 30Total employees (full-time equivalent)
  • $87,569Total assets
  • $7,664Cash and due from depository institutions
  • $0Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $77,107Net loans & leases
  • $936Loan loss allowance
  • $0Trading account assets
  • $447Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,351All other assets
  • $87,569Total liabilities and capital
  • $65,702Total liabilities
  • $45,430Total deposits
  • $37,350Interest-bearing deposits
  • $45,430Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $20,000Other borrowed funds
  • $0Subordinated debt
  • $272All other liabilities
  • $21,867Total equity capital
  • $21,867Total bank equity capital
  • $21,867Perpetual preferred stock
  • $0Common stock
  • $2,250Surplus
  • $20,979Undivided profits
  • Memoranda
  • $-1,362Noncurrent loans and leases
  • $46,495Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $1,408Average Assets, year-to-date
  • $77,107Average Assets, quarterly
  • $2,224Volatile liabilities
  • $87,569Insider loans
  • $87,569FHLB advances
  • $26,138Loans and leases held for sale
  • $10,157Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $46,495Total unused commitments
  • $0Restructured Loans and leases
  • $936Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $383Total interest income
  • $173Total interest expense
  • $210Net interest income
  • $936Provision for loan and lease losses
  • $0Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $636Total noninterest expense
  • $232Salaries and employee benefits
  • $33Premises and equipment expense
  • $371Additional noninterest expense
  • -$1,362Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$1,362Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,362Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.50%Yield on earning assets
  • 0.22%Cost of funding earning assets
  • 0.27%Net interest margin
  • 0.00%Noninterest income to earning assets
  • 0.82%Noninterest expense to earning assets
  • -1.56%Net operating income to assets
  • -1.56%Return on assets (ROA)
  • -1.56%Pretax return on assets
  • -6.23%Return on equity (ROE)
  • -6.23%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 302,857Assets per employee
  • 2.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 169.73%Net loans and leases to core deposits
  • 196.24%Equity capital to assets
  • 24.97%Core capital (leverage) ratio
  • 32.01%Tier 1 risk-based capital ratio
  • 26.63%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $87,569Average earning assets
  • $21,867Average equity
  • $77,107Average loans

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