Northeast National Bank in Mesquite, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 18, 2006

  • Northeast National Bank in Mesquite, Texas (TX)
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Northeast National Bank - Overview

  • General
  • FDIC Certificate #: 26854
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Patriot Bank (#3258)
    Federal Reserve ID: 504450
    Date Established: December 08, 1986
    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)
    OTS Docket #: 11781
    FDIC's unique #: 36118
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: December 08, 1986
    Last Structure Change Effective Date: December 18, 2006
    Last Structure Change Process Date: January 16, 2007
    Last Data Update: January 16, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1438 Oates Drive, Mesquite, TX 75150
    County: Dallas
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Dallas, TX (#1920)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
  • Financial Summary
  • Total assets: $41.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 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, 2005)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $43,711Total assets
  • $3,024Cash and due from depository institutions
  • $348Interest-bearing balances
  • $12,240Securities
  • $995Federal funds sold & reverse repurchase agreements
  • $25,248Net loans & leases
  • $417Loan loss allowance
  • $0Trading account assets
  • $494Bank premises and fixed assets
  • $70Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,640All other assets
  • $43,711Total liabilities and capital
  • $40,268Total liabilities
  • $40,058Total deposits
  • $27,155Interest-bearing deposits
  • $40,058Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $210All other liabilities
  • $3,443Total equity capital
  • $3,443Total bank equity capital
  • $3,443Perpetual preferred stock
  • $0Common stock
  • $1,250Surplus
  • $1,270Undivided profits
  • Memoranda
  • $923Noncurrent loans and leases
  • $4,544Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $286Earning assets
  • $0Long-term assets (5+ years)
  • $180Average Assets, year-to-date
  • $38,831Average Assets, quarterly
  • $6,539Volatile liabilities
  • $43,240Insider loans
  • $43,249FHLB advances
  • $5,233Loans and leases held for sale
  • $811Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,544Total unused commitments
  • $0Restructured Loans and leases
  • $284Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $2,456Total interest income
  • $655Total interest expense
  • $1,801Net interest income
  • $4Provision for loan and lease losses
  • $625Total noninterest income
  • $0Fiduciary activities
  • $473Service charges on deposit accounts
  • $0Trading account gains & fees
  • $152Additional noninterest income
  • $2,175Total noninterest expense
  • $1,133Salaries and employee benefits
  • $170Premises and equipment expense
  • $872Additional noninterest expense
  • $247Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $247Income before extraordinary items
  • $0Extraordinary gains - net
  • $247Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.51%Yield on earning assets
  • 1.74%Cost of funding earning assets
  • 4.77%Net interest margin
  • 1.66%Noninterest income to earning assets
  • 5.77%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.57%Pretax return on assets
  • 7.37%Return on equity (ROE)
  • 7.37%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 40.00%Credit loss provision to net charge-offs
  • 25.10%Efficiency ratio
  • 89,654Assets per employee
  • 2.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 145.80%Noncurrent assets plus other real estate owned to assets
  • 0.81%Noncurrent loans to loans
  • 1.11%Net loans and leases to deposits
  • 63.03%Net loans and leases to core deposits
  • 72.50%Equity capital to assets
  • 7.88%Core capital (leverage) ratio
  • 8.68%Tier 1 risk-based capital ratio
  • 16.28%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $43,240Average earning assets
  • $3,351Average equity
  • $37,723Average loans

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