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- Banks in Texas (TX)
- Midland American Bank
Midland American Bank in Midland, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of Febuary 12, 1999
- Midland American Bank in Midland, Texas (TX)
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Midland American Bank - Overview
- General
- FDIC Certificate #: 23930
Status: Inactive
Closing history: Change in Geographic Region/Area/Territory/Field Office
Acquiring institution: Bank United (#32640)
Federal Reserve ID: 506557
Date Established: July 26, 1982
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 5 (Interstate: No)
FDIC's unique #: 16702
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: July 26, 1982
Last Structure Change Effective Date: Febuary 12, 1999
Last Structure Change Process Date: May 18, 1999
Last Data Update: May 18, 1999
Data Source Date: April 05, 2012 - Location
- Address: 401 West Texas Avenue, Suite 100, Midland, TX 79701
County: Midland
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): Odessa-Midland, TX (#5800)
Combined Statistical Area (CSA): Midland-Odessa, TX (#372)
Core Based Statistical Area (CBSA): Midland, TX (#33260)
CBSA Metro Statistical Area: Midland, TX (#33260) - History of Changes
- Merger - Without Assistance
Change in Geographic Region/Area/Territory/Field Office - Financial Summary
- Total assets: $227.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
- 110Total employees (full-time equivalent)
- $227,030Total assets
- $12,595Cash and due from depository institutions
- $0Interest-bearing balances
- $52,524Securities
- $12,725Federal funds sold & reverse repurchase agreements
- $140,736Net loans & leases
- $2,447Loan loss allowance
- $0Trading account assets
- $2,893Bank premises and fixed assets
- $122Other real estate owned
- $983Goodwill and other intangibles
- $0Life insurance assets
- $4,452All other assets
- $227,030Total liabilities and capital
- $207,890Total liabilities
- $204,009Total deposits
- $154,517Interest-bearing deposits
- $204,009Deposits held in domestic offices
- 0.00%% insured (estimated)
- $0Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $3,881All other liabilities
- $19,140Total equity capital
- $19,140Total bank equity capital
- $19,140Perpetual preferred stock
- $0Common stock
- $1,250Surplus
- $14,750Undivided profits
- Memoranda
- $3,140Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $824Earning assets
- $0Long-term assets (5+ years)
- $1,368Average Assets, year-to-date
- $205,985Average Assets, quarterly
- $41,886Volatile liabilities
- $229,162Insider loans
- $226,083FHLB advances
- $45,159Loans and leases held for sale
- $1,702Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $17,436Total unused commitments
- $0Restructured Loans and leases
- $165,342Derivatives
Income and Expense (December 31, 1998)
- Dollar figures in thousands
- $19,361Total interest income
- $7,304Total interest expense
- $12,057Net interest income
- $1,010Provision for loan and lease losses
- $1,543Total noninterest income
- $0Fiduciary activities
- $1,074Service charges on deposit accounts
- $0Trading account gains & fees
- $469Additional noninterest income
- $8,437Total noninterest expense
- $5,751Salaries and employee benefits
- $992Premises and equipment expense
- $1,694Additional noninterest expense
- $4,153Pre-tax net operating income
- $1Securities gains (losses)
- $1,363Applicable income taxes
- $2,791Income before extraordinary items
- $0Extraordinary gains - net
- $2,791Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $488Sale, conversion, retirement of capital stock, net
- $1,029Net operating income
Performance and Condition Ratios (December 31, 1998)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 9.35%Yield on earning assets
- 3.53%Cost of funding earning assets
- 5.82%Net interest margin
- 0.75%Noninterest income to earning assets
- 4.07%Noninterest expense to earning assets
- 1.22%Net operating income to assets
- 1.22%Return on assets (ROA)
- 1.81%Pretax return on assets
- 14.97%Return on equity (ROE)
- 9.45%Retained earnings to average equity (YTD only)
- 0.34%Net charge-offs to loans
- 206.97%Credit loss provision to net charge-offs
- 10.58%Efficiency ratio
- 61,456Assets per employee
- 2.06%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 36.87%Loss allowance to loans
- 1.71%Loss allowance to noncurrent loans
- 296.97%Noncurrent assets plus other real estate owned to assets
- 0.42%Noncurrent loans to loans
- 0.58%Net loans and leases to deposits
- 68.99%Net loans and leases to core deposits
- 88.60%Equity capital to assets
- 8.43%Core capital (leverage) ratio
- 8.02%Tier 1 risk-based capital ratio
- 10.90%Total risk-based capital ratio
- Memoranda
- $12Average assets
- $229,162Average earning assets
- $18,649Average equity
- $207,070Average loans
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- Banks in Texas (TX)
- Midland American Bank
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