Maxim Bank in Dickinson, Texas (TX)



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Table of contents:
Maxim Bank
GeneralFDIC Certificate #: 9017
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Amegy Bank National Association (#24107)
Federal Reserve ID: 576158
Date Established: January 01, 1906
WWW: http://www.maximbank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Interstate: No)
FDIC's unique #: 5759
Numeric code: 21
Regulator: FDIC
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 01, 1934
Last Structure Change Effective Date: July 01, 2003
Last Structure Change Process Date: October 31, 2003
Last Data Update: October 31, 2003
Data Source Date: April 05, 2012
LocationAddress: 2401 Termini Street, Dickinson, TX 77539
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: $312.0 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, 2002)
(Dollar figures in thousands)
Total employees (full-time equivalent)138
Total assets$315,769
Cash and due from depository institutions$10,059
Interest-bearing balances$115
Securities$196,454
Federal funds sold & reverse repurchase agreements$2,030
Net loans & leases$90,216
Loan loss allowance $1,370
Trading account assets$0
Bank premises and fixed assets$10,525
Other real estate owned$190
Goodwill and other intangibles$379
All other assets$5,916
Life insurance assets$0
Total liabilities and capital$315,769
Total liabilities$287,068
Total deposits$245,217
Interest-bearing deposits$180,305
Deposits held in domestic offices$245,217
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $37,500
Subordinated debt $0
All other liabilities $4,351
Total equity capital$28,701
Total bank equity capital$28,701
Perpetual preferred stock$28,701
Common stock$0
Surplus$1,152
Undivided profits $11,094
Memoranda
Noncurrent loans and leases $16,455
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $11,130
Income earned, not collected on loans $0
Earning assets $197
Long-term assets (5+ years) $62
Average Assets, year-to-date $2,975
Average Assets, quarterly $288,815
Volatile liabilities $56,635
Insider loans $287,884
FHLB advances $318,411
Loans and leases held for sale $63,570
Unused loan commitments $3,340
Tier 1 (core) risk-based capital $36,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $11,130
Restructured Loans and leases $0
Derivatives$1,370
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Income and Expense (December 31, 2002)
(Dollar figures in thousands)
Total interest income $14,341
Total interest expense $4,648
Net interest income $9,693
Provision for loan and lease losses $220
Total noninterest income $4,496
Fiduciary activities $252
Service charges on deposit accounts $3,302
Trading account gains & fees $0
Additional noninterest income $942
Total noninterest expense $11,647
Salaries and employee benefits $6,084
Premises and equipment expense $1,737
Additional noninterest expense $3,826
Pre-tax net operating income $2,322
Securities gains (losses) $2,677
Applicable income taxes $1,413
Income before extraordinary items $3,586
Extraordinary gains - net $0
Net income attributable to bank $3,586
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $159
Net operating income $1,000
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Performance and Condition Ratios (December 31, 2002)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.48%
Cost of funding earning assets 1.78%
Net interest margin 3.70%
Noninterest income to earning assets 1.72%
Noninterest expense to earning assets 4.45%
Net operating income to assets 0.58%
Return on assets (ROA) 1.25%
Pretax return on assets 1.74%
Return on equity (ROE) 13.34%
Retained earnings to average equity (YTD only) 9.62%
Net charge-offs to loans 0.18%
Credit loss provision to net charge-offs 138.36%
Efficiency ratio15.99%
Assets per employee$81,627
Cash dividends to net income (YTD only)2.29%
Condition Ratios (%)
Loss allowance to loans 27.89%
Loss allowance to noncurrent loans 1.50%
Noncurrent assets plus other real estate owned to assets 695.43%
Noncurrent loans to loans 0.12%
Net loans and leases to deposits0.22%
Net loans and leases to core deposits 36.79%
Equity capital to assets 41.17%
Core capital (leverage) ratio 9.09%
Tier 1 risk-based capital ratio 7.41%
Total risk-based capital ratio 18.32%
Memoranda
Average assets$19
Average earning assets$287,884
Average equity $26,883
Average loans $261,647
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Total Fiduciary and Related Assets (December 31, 2002)
(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$27,502
Number of Accounts1
Personal trust and agency accounts$9,815
Employee benefit-defined contribution accounts$9,815
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts65
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$17,687
Corporate trust and agency accounts$9,898
Other fiduciary accounts$7,789
Fiduciary accounts held in foreign offices$0
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