Lorena State Bank in Lorena, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 28, 1999

  • Lorena State Bank in Lorena, Texas (TX)
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Lorena State Bank - Overview

  • General
  • FDIC Certificate #: 26494
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Extraco Banks, National Association (#5551)
    Federal Reserve ID: 818250
    Date Established: January 09, 1986
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 33162
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 09, 1986
    Last Structure Change Effective Date: June 28, 1999
    Last Structure Change Process Date: July 08, 1999
    Last Data Update: July 08, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: I-35 And Meadowlane, Lorena, TX 76655
    County: Mclennan
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Waco, TX (#8800)
    Core Based Statistical Area (CBSA): Waco, TX (#47380)
    CBSA Metro Statistical Area: Waco, TX (#47380)
  • Financial Summary
  • Total assets: $28.0 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
  • 12Total employees (full-time equivalent)
  • $27,478Total assets
  • $1,380Cash and due from depository institutions
  • $0Interest-bearing balances
  • $4,485Securities
  • $5,375Federal funds sold & reverse repurchase agreements
  • $15,481Net loans & leases
  • $160Loan loss allowance
  • $0Trading account assets
  • $447Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $310All other assets
  • $27,478Total liabilities and capital
  • $25,183Total liabilities
  • $25,134Total deposits
  • $21,005Interest-bearing deposits
  • $25,134Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $49All other liabilities
  • $2,295Total equity capital
  • $2,295Total bank equity capital
  • $2,295Perpetual preferred stock
  • $0Common stock
  • $164Surplus
  • $1,340Undivided profits
  • Memoranda
  • $791Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $10Earning assets
  • $0Long-term assets (5+ years)
  • $159Average Assets, year-to-date
  • $25,341Average Assets, quarterly
  • $0Volatile liabilities
  • $27,743Insider loans
  • $26,466FHLB advances
  • $3,985Loans and leases held for sale
  • $231Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,887Total unused commitments
  • $0Restructured Loans and leases
  • $16,056Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $2,090Total interest income
  • $949Total interest expense
  • $1,141Net interest income
  • $12Provision for loan and lease losses
  • $136Total noninterest income
  • $0Fiduciary activities
  • $117Service charges on deposit accounts
  • $0Trading account gains & fees
  • $19Additional noninterest income
  • $729Total noninterest expense
  • $457Salaries and employee benefits
  • $91Premises and equipment expense
  • $181Additional noninterest expense
  • $536Pre-tax net operating income
  • $0Securities gains (losses)
  • $183Applicable income taxes
  • $353Income before extraordinary items
  • $0Extraordinary gains - net
  • $353Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $9Sale, conversion, retirement of capital stock, net
  • $180Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.29%Yield on earning assets
  • 3.76%Cost of funding earning assets
  • 4.53%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.93%Pretax return on assets
  • 15.74%Return on equity (ROE)
  • 7.71%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 133.33%Credit loss provision to net charge-offs
  • 60.89%Efficiency ratio
  • 57,087Assets per employee
  • 2.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.99%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 1600.00%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 61.59%Net loans and leases to core deposits
  • 73.20%Equity capital to assets
  • 8.35%Core capital (leverage) ratio
  • 8.48%Tier 1 risk-based capital ratio
  • 13.88%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $27,743Average earning assets
  • $2,243Average equity
  • $25,210Average loans

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