FDIC Certificate #: 21898 Status: Inactive Closing history: Corrections Acquiring institution:SouthTrust Bank (#849) Federal Reserve ID: 99750 Date Established: January 16, 1975 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 13075 FDIC's unique #: 15177 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 16, 1975 Last Structure Change Effective Date: July 30, 1999 Last Structure Change Process Date: August 11, 1999 Last Data Update: September 10, 1999 Data Source Date: April 05, 2012
Location
Address: 3801 Navigation Boulevard, Houston, TX 77001 County: Harris 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
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $80.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
44Total employees (full-time equivalent)
$80,322Total assets
$6,653Cash and due from depository institutions
$1,288Interest-bearing balances
$10,368Securities
$7,035Federal funds sold & reverse repurchase agreements
$53,517Net loans & leases
$699Loan loss allowance
$0Trading account assets
$2,154Bank premises and fixed assets
$51Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$544All other assets
$80,322Total liabilities and capital
$73,113Total liabilities
$72,177Total deposits
$45,177Interest-bearing deposits
$72,177Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$582Other borrowed funds
$0Subordinated debt
$354All other liabilities
$7,209Total equity capital
$7,209Total bank equity capital
$7,209Perpetual preferred stock
$0Common stock
$1,409Surplus
$4,500Undivided profits
Memoranda
$1,300Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$157Earning assets
$0Long-term assets (5+ years)
$316Average Assets, year-to-date
$72,208Average Assets, quarterly
$6,246Volatile liabilities
$76,523Insider loans
$80,124FHLB advances
$16,328Loans and leases held for sale
$398Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,310Total unused commitments
$0Restructured Loans and leases
$60,770Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$6,337Total interest income
$1,842Total interest expense
$4,495Net interest income
$80Provision for loan and lease losses
$1,458Total noninterest income
$0Fiduciary activities
$570Service charges on deposit accounts
$0Trading account gains & fees
$888Additional noninterest income
$3,416Total noninterest expense
$1,926Salaries and employee benefits
$668Premises and equipment expense
$822Additional noninterest expense
$2,457Pre-tax net operating income
$0Securities gains (losses)
$841Applicable income taxes
$1,616Income before extraordinary items
$0Extraordinary gains - net
$1,616Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$7Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.21%Yield on earning assets
2.68%Cost of funding earning assets
6.53%Net interest margin
2.12%Noninterest income to earning assets
4.96%Noninterest expense to earning assets
2.11%Net operating income to assets
2.11%Return on assets (ROA)
3.21%Pretax return on assets
25.11%Return on equity (ROE)
25.11%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
1142.86%Credit loss provision to net charge-offs
362.43%Efficiency ratio
57,383Assets per employee
1.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
445.22%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.29%Net loans and leases to deposits
74.15%Net loans and leases to core deposits
94.84%Equity capital to assets
8.98%Core capital (leverage) ratio
8.75%Tier 1 risk-based capital ratio
11.86%Total risk-based capital ratio
Memoranda
$13Average assets
$76,523Average earning assets
$6,435Average equity
$68,814Average loans
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