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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