New First City, Texas - Lufkin, National Association in Lufkin, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 13, 1993

New First City, Texas - Lufkin, National Association in Lufkin, Texas (TX)
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New First City, Texas - Lufkin, National Association - Overview

General
FDIC Certificate #: 33724
Status: Inactive
Closing history: Corrections
Acquiring institution: Lufkin National Bank (#33779)
Federal Reserve ID: 1998832
Date Established: October 30, 1992
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 47836
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: October 30, 1992
Last Structure Change Effective Date: Febuary 13, 1993
Last Structure Change Process Date: Febuary 18, 1993
Last Data Update: August 25, 1994
Data Source Date: April 05, 2012
Location
Address: 203 South First Street, Lufkin, TX 75901
County: Angelina
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
Core Based Statistical Area (CBSA): Lufkin, TX (#31260)
CBSA Micro Statistical Area: Yes
History of Changes
Bridge Bank Merger
Corrections
Financial Summary
Total assets: $141.3 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$64Total assets
$141,255Cash and due from depository institutions
$4,922Interest-bearing balances
$0Securities
$10,844Federal funds sold & reverse repurchase agreements
$85,002Net loans & leases
$39,962Loan loss allowance
$1,399Trading account assets
$0Bank premises and fixed assets
$22Other real estate owned
$0Goodwill and other intangibles
$503Life insurance assets
$0All other assets
$0Total liabilities and capital
$141,255Total liabilities
$141,685Total deposits
$135,131Interest-bearing deposits
$117,665Deposits held in domestic offices
135131.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,467Subordinated debt
$0All other liabilities
$5,087Total equity capital
$5,087Total bank equity capital
$-430Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$-430Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,253Income earned, not collected on loans
$230Earning assets
$135,808Long-term assets (5+ years)
$495Average Assets, year-to-date
$141,255Average Assets, quarterly
$141,255Volatile liabilities
$12,098Insider loans
$144FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,330Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$-430Total risk weighted assets
$56,112Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$1,187Total interest expense
$795Net interest income
$392Provision for loan and lease losses
$46Total noninterest income
$262Fiduciary activities
$94Service charges on deposit accounts
$139Trading account gains & fees
$0Additional noninterest income
$29Total noninterest expense
$775Salaries and employee benefits
$278Premises and equipment expense
$71Additional noninterest expense
$426Pre-tax net operating income
-$167Securities gains (losses)
-$263Applicable income taxes
$0Income before extraordinary items
-$430Extraordinary gains - net
$0Net income attributable to bank
-$430Net charge-offs
$24Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
0.87%Cost of funding earning assets
0.59%Net interest margin
0.29%Noninterest income to earning assets
0.19%Noninterest expense to earning assets
0.57%Net operating income to assets
-0.12%Return on assets (ROA)
-0.30%Pretax return on assets
-0.30%Return on equity (ROE)
100.00%Retained earnings to average equity (YTD only)
100.00%Net charge-offs to loans
0.06%Credit loss provision to net charge-offs
191.67%Efficiency ratio
118,502Assets per employee
2.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.38%Loss allowance to noncurrent loans
62.09%Noncurrent assets plus other real estate owned to assets
1.59%Noncurrent loans to loans
5.45%Net loans and leases to deposits
29.57%Net loans and leases to core deposits
32.10%Equity capital to assets
-0.30%Core capital (leverage) ratio
-0.29%Tier 1 risk-based capital ratio
-0.77%Total risk-based capital ratio
Memoranda
-$1Average assets
$141,255Average earning assets
-$430Average equity
$135,808Average loans

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