FDIC Certificate #: 20919 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank (#14318) Federal Reserve ID: 694258 Date Established: January 02, 1973 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) OTS Docket #: 12894 FDIC's unique #: 14449 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: January 02, 1973 Last Structure Change Effective Date: December 01, 2001 Last Structure Change Process Date: Febuary 01, 2002 Last Data Update: Febuary 01, 2002 Data Source Date: April 05, 2012
Location
Address: Port And Francis Streets, Corpus Christi, TX 78408 County: Nueces 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): Corpus Christi, TX (#1880) Combined Statistical Area (CSA): Corpus Christi-Kingsville, TX (#204) Core Based Statistical Area (CBSA): Corpus Christi, TX (#18580) CBSA Metro Statistical Area: Corpus Christi, TX (#18580)
Financial Summary
Total assets: $133.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
55Total employees (full-time equivalent)
$98,917Total assets
$3,757Cash and due from depository institutions
$5Interest-bearing balances
$7,453Securities
$5,075Federal funds sold & reverse repurchase agreements
$67,857Net loans & leases
$1,000Loan loss allowance
$0Trading account assets
$12,526Bank premises and fixed assets
$0Other real estate owned
$1,537Goodwill and other intangibles
$0Life insurance assets
$712All other assets
$98,917Total liabilities and capital
$89,498Total liabilities
$88,053Total deposits
$74,721Interest-bearing deposits
$88,053Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,445All other liabilities
$9,419Total equity capital
$9,419Total bank equity capital
$9,419Perpetual preferred stock
$1,500Common stock
$636Surplus
$6,446Undivided profits
Memoranda
$837Noncurrent loans and leases
$6,725Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$195Earning assets
$0Long-term assets (5+ years)
$548Average Assets, year-to-date
$80,390Average Assets, quarterly
$2,707Volatile liabilities
$89,091Insider loans
$95,225FHLB advances
$19,831Loans and leases held for sale
$648Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,725Total unused commitments
$0Restructured Loans and leases
$1,000Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$7,349Total interest income
$3,450Total interest expense
$3,899Net interest income
$429Provision for loan and lease losses
$1,481Total noninterest income
$0Fiduciary activities
$1,232Service charges on deposit accounts
$0Trading account gains & fees
$249Additional noninterest income
$4,343Total noninterest expense
$1,995Salaries and employee benefits
$719Premises and equipment expense
$1,629Additional noninterest expense
$608Pre-tax net operating income
$127Securities gains (losses)
$235Applicable income taxes
$500Income before extraordinary items
$0Extraordinary gains - net
$500Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$229Sale, conversion, retirement of capital stock, net
$57Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.53%Yield on earning assets
4.94%Cost of funding earning assets
5.59%Net interest margin
2.12%Noninterest income to earning assets
6.22%Noninterest expense to earning assets
0.46%Net operating income to assets
0.56%Return on assets (ROA)
0.82%Pretax return on assets
5.97%Return on equity (ROE)
5.29%Retained earnings to average equity (YTD only)
0.41%Net charge-offs to loans
187.34%Credit loss provision to net charge-offs
4.53%Efficiency ratio
79,201Assets per employee
1.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
11.40%Loss allowance to loans
1.45%Loss allowance to noncurrent loans
512.82%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.28%Net loans and leases to deposits
77.06%Net loans and leases to core deposits
99.46%Equity capital to assets
9.52%Core capital (leverage) ratio
8.10%Tier 1 risk-based capital ratio
9.65%Total risk-based capital ratio
Memoranda
$11Average assets
$89,091Average earning assets
$8,377Average equity
$69,807Average loans
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