Pilgrim Bank in Pittsburg, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pilgrim Bank - Overview

  • General
  • FDIC Certificate #: 16891
    Status: Active
    Federal Reserve ID: 911160
    Bank Holding Company (Regulatory Top Holder): Pilgrim Bancorporation (RSSDID: 2098412, Location: Mount Pleasant, TX)
    Date Established: January 01, 1911
    WWW: http://www.pilgrimbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 11157
    FDIC's unique #: 10980
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 24, 1950
    Last Structure Change Effective Date: November 16, 2009
    Last Structure Change Process Date: November 17, 2009
    Last Data Update: November 17, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 237 Jefferson Street, Pittsburg, TX 75686
    County: Camp
    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
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $379.5 mil
    Equity capital: $41.5 mil
    Deposits held in domestic offices: $302.3 mil
    Return on assets (ROA): 0.84% ($3.2 mil)
    Quarterly return on assets: 0.95% ($3.6 mil)
    Return on Equity (ROE): 7.88% ($3.3 mil)
    Quarterly return on equity: 8.60% ($3.6 mil)
    Net income: $3.1 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.01% ($3,833.4 mil)
    Quarterly Pretax return on assets: 0.97% ($3,681.6 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, 2011)

  • Dollar figures in thousands
  • 70Total employees (full-time equivalent)
  • $379,547Total assets
  • $5,446Cash and due from depository institutions
  • $722Interest-bearing balances
  • $167,847Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $182,372Net loans & leases
  • $1,292Loan loss allowance
  • $0Trading account assets
  • $8,850Bank premises and fixed assets
  • $926Other real estate owned
  • $9,107Goodwill and other intangibles
  • $379,547Life insurance assets
  • $4,999All other assets
  • $338,004Total liabilities and capital
  • $302,295Total liabilities
  • $263,800Total deposits
  • $302,295Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $35,079Trading liabilities
  • $0Other borrowed funds
  • $630Subordinated debt
  • $41,543All other liabilities
  • $41,543Total equity capital
  • $41,543Total bank equity capital
  • $0Perpetual preferred stock
  • $1,586Common stock
  • $29,362Surplus
  • $10,595Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $424Income earned, not collected on loans
  • $0Earning assets
  • $1,978Long-term assets (5+ years)
  • $350,941Average Assets, year-to-date
  • $92,933Average Assets, quarterly
  • $372,543Volatile liabilities
  • $372,840Insider loans
  • $183,392FHLB advances
  • $364,246Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $31,044Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,257Restructured Loans and leases
  • $5,231Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,937Total interest income
  • $4,879Total interest expense
  • $11,058Net interest income
  • $45Provision for loan and lease losses
  • $1,238Total noninterest income
  • $0Fiduciary activities
  • $621Service charges on deposit accounts
  • $0Trading account gains & fees
  • $617Additional noninterest income
  • $8,934Total noninterest expense
  • $4,335Salaries and employee benefits
  • $1,785Premises and equipment expense
  • $2,814Additional noninterest expense
  • $3,317Pre-tax net operating income
  • $464Securities gains (losses)
  • $668Applicable income taxes
  • $3,113Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,113Net income attributable to bank
  • $0Net charge-offs
  • $3,113Cash dividends
  • $317Sale, conversion, retirement of capital stock, net
  • $1,525Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 1.42%Cost of funding earning assets
  • 3.22%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.60%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 7.88%Return on equity (ROE)
  • 4.02%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 14.20%Credit loss provision to net charge-offs
  • 10.61%Efficiency ratio
  • 71,747Assets per employee
  • 5.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.99%Loss allowance to loans
  • 0.70%Loss allowance to noncurrent loans
  • 304.72%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.23%Net loans and leases to deposits
  • 60.33%Net loans and leases to core deposits
  • 66.43%Equity capital to assets
  • 10.95%Core capital (leverage) ratio
  • 8.52%Tier 1 risk-based capital ratio
  • 16.93%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $372,543Average earning assets
  • $39,506Average equity
  • $343,408Average loans

List of branches

  • 8 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010980Pilgrim Bank237 Jefferson Street, Pittsburg, TX 75686January 01, 1911Full Service Brick and Mortar
    1239500Drive-In Facility205 Marshall Street, Pittsburg, TX 75686June 30, 1980Limited Service Facility
    2239501Mt Pleasant Branch South2401 S Jefferson, Mount Pleasant, TX 75455June 27, 1997Full Service Brick and Mortar
    5357336Mt. Pleasant Branch North112 West 16th Street, Mount Pleasant, TX 75455May 01, 2000Full Service Brick and Mortar
    7429365Sulphur Springs Branch1404 South Braodway, Sulphur Springs, TX 75482Febuary 09, 2004Full Service Brick and Mortar
    8480067Wellington Branch1705 E 15th Street, Wellington, TX 79095June 16, 2008Full Service Brick and Mortar
    9489877North Greer Boulevrd Branch102 North Greer Boulevard, Pittsburg, TX 75686March 23, 2009Full Service Brick and Mortar
    1011160Clarendon Branch123 East Third Street, Clarendon, TX 79226January 01, 1910Full Service Brick and Mortar

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