Lubbock National Bank in Lubbock, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Lubbock National Bank in Lubbock, Texas (TX)
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Lubbock National Bank - Overview

  • General
  • FDIC Certificate #: 22752
    Status: Active
    Federal Reserve ID: 766258
    Bank Holding Company (Regulatory Top Holder): Commerce National Financial Services, Inc. (RSSDID: 1838974, Location: Lubbock, TX)
    Date Established: November 20, 1978
    WWW: http://www.lubbocknational.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 12 (Domestic: 12, Interstate: No)
    OTS Docket #: 10810
    FDIC's unique #: 15886
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 20, 1978
    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
  • Location
  • Address: 4811 50th Street, Lubbock, TX 79413
    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)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $738.3 mil
    Equity capital: $72.8 mil
    Deposits held in domestic offices: $641.9 mil
    Return on assets (ROA): 1.23% ($9.1 mil)
    Quarterly return on assets: 0.79% ($5.8 mil)
    Return on Equity (ROE): 13.26% ($9.7 mil)
    Quarterly return on equity: 7.98% ($5.8 mil)
    Net income: $8.8 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 0.83% ($6,128.2 mil)
    Quarterly Pretax return on assets: 1.23% ($9,081.5 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
  • 157Total employees (full-time equivalent)
  • $738,337Total assets
  • $40,349Cash and due from depository institutions
  • $28,787Interest-bearing balances
  • $292,650Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $364,927Net loans & leases
  • $6,887Loan loss allowance
  • $0Trading account assets
  • $11,318Bank premises and fixed assets
  • $5,293Other real estate owned
  • $0Goodwill and other intangibles
  • $738,337Life insurance assets
  • $23,800All other assets
  • $665,522Total liabilities and capital
  • $641,929Total liabilities
  • $517,749Total deposits
  • $641,929Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 11477.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $12,116Subordinated debt
  • $72,815All other liabilities
  • $72,815Total equity capital
  • $72,815Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $10,562Surplus
  • $61,253Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,215Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $18,118Income earned, not collected on loans
  • $32Earning assets
  • $1,347Long-term assets (5+ years)
  • $686,364Average Assets, year-to-date
  • $289,526Average Assets, quarterly
  • $715,123Volatile liabilities
  • $724,488Insider loans
  • $429,702FHLB advances
  • $713,061Loans and leases held for sale
  • $13,100Unused loan commitments
  • $10,536Tier 1 (core) risk-based capital
  • $65,163Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,564Total unused commitments
  • $45,659Restructured Loans and leases
  • $1,559Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $30,908Total interest income
  • $6,946Total interest expense
  • $23,962Net interest income
  • $2,341Provision for loan and lease losses
  • $5,760Total noninterest income
  • $759Fiduciary activities
  • $1,318Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,683Additional noninterest income
  • $21,437Total noninterest expense
  • $12,003Salaries and employee benefits
  • $2,600Premises and equipment expense
  • $6,834Additional noninterest expense
  • $5,944Pre-tax net operating income
  • $1Securities gains (losses)
  • -$2,858Applicable income taxes
  • $8,803Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,803Net income attributable to bank
  • $0Net charge-offs
  • $8,803Cash dividends
  • $2,286Sale, conversion, retirement of capital stock, net
  • $225Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.67%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.62%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 3.24%Noninterest expense to earning assets
  • 1.23%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 0.83%Pretax return on assets
  • 13.26%Return on equity (ROE)
  • 12.92%Retained earnings to average equity (YTD only)
  • 0.60%Net charge-offs to loans
  • 102.41%Credit loss provision to net charge-offs
  • 3.62%Efficiency ratio
  • 72,125Assets per employee
  • 4.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 2.56%Loss allowance to loans
  • 1.85%Loss allowance to noncurrent loans
  • 38.01%Noncurrent assets plus other real estate owned to assets
  • 3.17%Noncurrent loans to loans
  • 4.87%Net loans and leases to deposits
  • 56.85%Net loans and leases to core deposits
  • 63.96%Equity capital to assets
  • 9.86%Core capital (leverage) ratio
  • 9.14%Tier 1 risk-based capital ratio
  • 15.16%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $715,123Average earning assets
  • $66,376Average equity
  • $662,374Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $385,836Managed Assets
  • 1Number of Accounts
  • $16,078Personal trust and agency accounts
  • $4,124Employee benefit-defined contribution accounts
  • $423Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,062Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $10,469Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 91Number of Accounts
  • $0Personal trust and agency accounts
  • $1,062Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $369,758Other retirement accounts
  • $0Corporate trust and agency accounts
  • $346,107Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 12 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015886Lubbock National Bank4811 50th Street, Lubbock, TX 79413November 20, 1978Full Service Brick and Mortar
    2255214Southwest Branch4006 82nd Street, Lubbock, TX 79423January 31, 1994Full Service Brick and Mortar
    3255215Mobile Branch4811 50th Street, Lubbock, TX 79414June 12, 1995Limited Service Facility
    4255216Downtown Branch1001 Main Street, Lubbock, TX 79401March 25, 1998Full Service Brick and Mortar
    5255217Austin Office5300 Bee Cave Road Bldg 2, Austin, TX 78746Febuary 20, 1999Full Service Brick and Mortar
    6358711College Station Office1221 University Drive East, College Station, TX 77840April 24, 2000Full Service Brick and Mortar
    844234696th & Slide Road Branch9604 96th Street, Lubbock, TX 79424July 15, 2004Full Service Brick and Mortar
    945479619th Street Branch4408 19th Street, Lubbock, TX 79413June 01, 2006Full Service Brick and Mortar
    10493125Welsh Branch1800 Harvey Mitchell Parkway, Suite C, College Station, TX 77845August 20, 2008Full Service Brick and Mortar
    1149312629th & Broadmoor Branch3020 E 29th Street, Bryan, TX 77802June 15, 2009Full Service Brick and Mortar
    12508629Raider Ranch Branch6548 43rd Street, Suite 1, Lubbock, TX 79407September 18, 2009Full Service Brick and Mortar
    13518751Fitch Branch1198 William D. Fitch Parkway, College Station, TX 77845April 01, 2011Full Service Brick and Mortar

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