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

This bank is inactive as of Febuary 28, 1993

  • New First City, Texas - Sour Lake, National Association in Sour Lake, Texas (TX)
  • Show street view No street view available for this location

New First City, Texas - Sour Lake, National Association - Overview

  • General
  • FDIC Certificate #: 33730
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Citizens Bank (#16817)
    Federal Reserve ID: 1998953
    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 #: 47842
    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 28, 1993
    Last Structure Change Process Date: March 16, 1993
    Last Data Update: August 25, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 211 South Highway 326, Sour Lake, TX 77659
    County: Hardin
    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): Beaumont-Port Arthur, TX (#840)
    Core Based Statistical Area (CBSA): Beaumont-Port Arthur, TX (#13140)
    CBSA Metro Statistical Area: Beaumont-Port Arthur, TX (#13140)
  • History of Changes
  • Bridge Bank Merger
    Corrections
  • Financial Summary
  • Total assets: $48.3 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $13Total assets
  • $48,287Cash and due from depository institutions
  • $1,482Interest-bearing balances
  • $0Securities
  • $7,191Federal funds sold & reverse repurchase agreements
  • $32,070Net loans & leases
  • $7,235Loan loss allowance
  • $273Trading account assets
  • $0Bank premises and fixed assets
  • $4Other real estate owned
  • $0Goodwill and other intangibles
  • $305Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $48,287Total liabilities
  • $48,417Total deposits
  • $44,339Interest-bearing deposits
  • $40,402Deposits held in domestic offices
  • 44339.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $4,078Total equity capital
  • $4,078Total bank equity capital
  • $-130Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-130Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $33Income earned, not collected on loans
  • $38Earning assets
  • $46,496Long-term assets (5+ years)
  • $439Average Assets, year-to-date
  • $48,287Average Assets, quarterly
  • $48,287Volatile liabilities
  • $5,830Insider loans
  • $4FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $436Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-130Total risk weighted assets
  • $13,348Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $396Total interest expense
  • $261Net interest income
  • $135Provision for loan and lease losses
  • $4Total noninterest income
  • $39Fiduciary activities
  • $0Service charges on deposit accounts
  • $34Trading account gains & fees
  • $0Additional noninterest income
  • $5Total noninterest expense
  • $166Salaries and employee benefits
  • $59Premises and equipment expense
  • $8Additional noninterest expense
  • $99Pre-tax net operating income
  • $4Securities gains (losses)
  • -$134Applicable income taxes
  • $0Income before extraordinary items
  • -$130Extraordinary gains - net
  • $0Net income attributable to bank
  • -$130Net charge-offs
  • -$2Cash 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
  • 0.85%Cost of funding earning assets
  • 0.56%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 0.08%Noninterest expense to earning assets
  • 0.36%Net operating income to assets
  • 0.01%Return on assets (ROA)
  • -0.27%Pretax return on assets
  • -0.27%Return on equity (ROE)
  • 100.00%Retained earnings to average equity (YTD only)
  • 100.00%Net charge-offs to loans
  • -0.03%Credit loss provision to net charge-offs
  • -200.00%Efficiency ratio
  • 95,402Assets per employee
  • 3.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.64%Loss allowance to noncurrent loans
  • 827.27%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 16.32%Net loans and leases to core deposits
  • 18.79%Equity capital to assets
  • -0.27%Core capital (leverage) ratio
  • -0.26%Tier 1 risk-based capital ratio
  • -0.97%Total risk-based capital ratio
  • Memoranda
  • -$1Average assets
  • $48,287Average earning assets
  • -$130Average equity
  • $46,496Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with New First City, Texas - Sour Lake, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents