Mainland Bank in Texas City, Texas (TX)

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Mainland Bank
GeneralFDIC Certificate #: 16308
Status: Active
Federal Reserve ID: 539667
Date Established: September 14, 1945
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 11759
FDIC's unique #: 10495
Numeric code: 21
Regulator: FDIC
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: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: September 14, 1945
Last Structure Change Effective Date: April 22, 2010
Last Structure Change Process Date: April 22, 2010
Last Data Update: April 22, 2010
Data Source Date: April 05, 2012
LocationAddress: 2831 Palmer Highway, Texas City, TX 77590
County: Galveston
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): Galveston-Texas City, TX (#2920)
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)
Financial SummaryTotal assets: $90.3 mil
Equity capital: $8.7 mil
Deposits held in domestic offices: $75.4 mil
Return on assets (ROA): 2.55% ($2.3 mil)
Quarterly return on assets: 2.69% ($2.4 mil)
Return on Equity (ROE): 28.17% ($2.5 mil)
Quarterly return on equity: 28.43% ($2.6 mil)
Net income: $2.4 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 2.55% ($2,303.2 mil)
Quarterly Pretax return on assets: 2.69% ($2,429.6 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)
Total employees (full-time equivalent)19
Total assets$90,321
Cash and due from depository institutions$2,514
Interest-bearing balances$9
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$63,440
Loan loss allowance $933
Trading account assets$0
Bank premises and fixed assets$1,686
Other real estate owned$85
Goodwill and other intangibles$0
All other assets$1,443
Life insurance assets$90,321
Total liabilities and capital$81,612
Total liabilities$75,393
Total deposits$47,269
Interest-bearing deposits$75,393
Deposits held in domestic offices$90
% insured (estimated)3975.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,244
All other liabilities $8,709
Total equity capital$8,709
Total bank equity capital$8,709
Perpetual preferred stock$0
Common stock$0
Undivided profits $2,356
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $233
Earning assets $0
Long-term assets (5+ years) $327
Average Assets, year-to-date $84,602
Average Assets, quarterly $24,465
Volatile liabilities $94,352
Insider loans $92,357
FHLB advances $65,274
Loans and leases held for sale $94,635
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,977
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,408
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,164
Total interest expense $364
Net interest income $4,800
Provision for loan and lease losses $120
Total noninterest income $525
Fiduciary activities $0
Service charges on deposit accounts $473
Trading account gains & fees $0
Additional noninterest income $52
Total noninterest expense $3,035
Salaries and employee benefits $1,742
Premises and equipment expense $364
Additional noninterest expense $929
Pre-tax net operating income $2,170
Securities gains (losses) $235
Applicable income taxes $0
Income before extraordinary items $2,405
Extraordinary gains - net $0
Net income attributable to bank $2,405
Net charge-offs $0
Cash dividends $2,405
Sale, conversion, retirement of capital stock, net $71
Net operating income $2,445
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.85%
Cost of funding earning assets 0.41%
Net interest margin 5.44%
Noninterest income to earning assets 0.60%
Noninterest expense to earning assets 3.44%
Net operating income to assets 2.30%
Return on assets (ROA) 2.55%
Pretax return on assets 2.55%
Return on equity (ROE) 28.17%
Retained earnings to average equity (YTD only) -0.47%
Net charge-offs to loans 0.12%
Credit loss provision to net charge-offs 169.01%
Efficiency ratio32.25%
Assets per employee$56,995
Cash dividends to net income (YTD only)4.75%
Condition Ratios (%)
Loss allowance to loans 101.66%
Loss allowance to noncurrent loans 1.45%
Noncurrent assets plus other real estate owned to assets 400.43%
Noncurrent loans to loans 0.35%
Net loans and leases to deposits0.36%
Net loans and leases to core deposits 84.15%
Equity capital to assets 91.09%
Core capital (leverage) ratio 9.64%
Tier 1 risk-based capital ratio 8.43%
Total risk-based capital ratio 12.22%
Average assets$13
Average earning assets$94,352
Average equity $8,538
Average loans $88,227
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Total Fiduciary and Related Assets (December 31, 2007)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$4,167
Number of Accounts1
Personal trust and agency accounts$4,167
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$4,167
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts2
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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2 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010495Mainland Bank2831 Palmer Highway, Texas City, TX 77590September 14, 1945Full Service Brick and Mortar
1480031Dickinson Branch400 Fm 517 West, Dickinson, TX 77539September 01, 2006Full Service Brick and Mortar
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