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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Lone Star State Bank of West Texas.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents