FDIC Certificate #: 24979 Status: Inactive Federal Reserve ID: 888954 Date Established: January 16, 1984 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 17303 Numeric code: 21 Regulator: FDIC 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: January 16, 1984 Last Structure Change Effective Date: November 04, 2011 Last Structure Change Process Date: January 04, 2012 Last Data Update: January 04, 2012 Data Source Date: April 05, 2012
Location
Address: 23970 Hwy. 59 North, Kingwood, TX 77339 County: Montgomery 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)
History of Changes
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $240.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
80Total employees (full-time equivalent)
$349,784Total assets
$58,282Cash and due from depository institutions
$55,070Interest-bearing balances
$100Securities
$6,685Federal funds sold & reverse repurchase agreements
$269,691Net loans & leases
$9,059Loan loss allowance
$0Trading account assets
$2,671Bank premises and fixed assets
$0Other real estate owned
$1,646Goodwill and other intangibles
$0Life insurance assets
$10,709All other assets
$349,784Total liabilities and capital
$302,947Total liabilities
$291,579Total deposits
$279,600Interest-bearing deposits
$291,579Deposits held in domestic offices
98.45%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$11,368All other liabilities
$46,837Total equity capital
$46,837Total bank equity capital
$46,837Perpetual preferred stock
$0Common stock
$1,401Surplus
$44,133Undivided profits
Memoranda
$1,303Noncurrent loans and leases
$4,903Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,974Earning assets
$0Long-term assets (5+ years)
$480Average Assets, year-to-date
$331,546Average Assets, quarterly
$78,031Volatile liabilities
$431,499Insider loans
$405,814FHLB advances
$59,202Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,903Total unused commitments
$4,306Restructured Loans and leases
$3,566Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$35,890Total interest income
$11,310Total interest expense
$24,580Net interest income
-$109Provision for loan and lease losses
$128Total noninterest income
$0Fiduciary activities
$236Service charges on deposit accounts
$0Trading account gains & fees
-$108Additional noninterest income
$17,294Total noninterest expense
$8,396Salaries and employee benefits
$1,779Premises and equipment expense
$7,119Additional noninterest expense
$7,523Pre-tax net operating income
$0Securities gains (losses)
$2,681Applicable income taxes
$4,842Income before extraordinary items
$0Extraordinary gains - net
$4,842Net income attributable to bank
$0Net charge-offs
$4,842Cash dividends
$3,408Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.67%Yield on earning assets
2.73%Cost of funding earning assets
5.94%Net interest margin
0.03%Noninterest income to earning assets
4.18%Noninterest expense to earning assets
1.12%Net operating income to assets
1.12%Return on assets (ROA)
1.74%Pretax return on assets
10.84%Return on equity (ROE)
10.84%Retained earnings to average equity (YTD only)
0.97%Net charge-offs to loans
-3.20%Credit loss provision to net charge-offs
2.18%Efficiency ratio
69,994Assets per employee
4.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.25%Loss allowance to noncurrent loans
182.13%Noncurrent assets plus other real estate owned to assets
1.42%Noncurrent loans to loans
1.78%Net loans and leases to deposits
92.49%Net loans and leases to core deposits
116.06%Equity capital to assets
13.39%Core capital (leverage) ratio
10.68%Tier 1 risk-based capital ratio
16.15%Total risk-based capital ratio
Memoranda
$17Average assets
$431,499Average earning assets
$44,649Average equity
$413,944Average 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 Main Street Bank.
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.
Comment about this bank, ask questions, or add new information about it: