Pilgrim Bank in Pittsburg, Texas (TX)



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Pilgrim Bank routing number info

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Pilgrim Bank
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)70
Total assets$379,547
Cash and due from depository institutions$5,446
Interest-bearing balances$722
Securities$167,847
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$182,372
Loan loss allowance $1,292
Trading account assets$0
Bank premises and fixed assets$8,850
Other real estate owned$926
Goodwill and other intangibles$9,107
All other assets$4,999
Life insurance assets$379,547
Total liabilities and capital$338,004
Total liabilities$302,295
Total deposits$263,800
Interest-bearing deposits$302,295
Deposits held in domestic offices$84
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$35,079
Other borrowed funds $0
Subordinated debt $630
All other liabilities $41,543
Total equity capital$41,543
Total bank equity capital$41,543
Perpetual preferred stock$0
Common stock$1,586
Surplus$29,362
Undivided profits $10,595
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $424
Earning assets $0
Long-term assets (5+ years) $1,978
Average Assets, year-to-date $350,941
Average Assets, quarterly $92,933
Volatile liabilities $372,543
Insider loans $372,840
FHLB advances $183,392
Loans and leases held for sale $364,246
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $31,044
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $14,257
Derivatives$5,231
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $15,937
Total interest expense $4,879
Net interest income $11,058
Provision for loan and lease losses $45
Total noninterest income $1,238
Fiduciary activities $0
Service charges on deposit accounts $621
Trading account gains & fees $0
Additional noninterest income $617
Total noninterest expense $8,934
Salaries and employee benefits $4,335
Premises and equipment expense $1,785
Additional noninterest expense $2,814
Pre-tax net operating income $3,317
Securities gains (losses) $464
Applicable income taxes $668
Income before extraordinary items $3,113
Extraordinary gains - net $0
Net income attributable to bank $3,113
Net charge-offs $0
Cash dividends $3,113
Sale, conversion, retirement of capital stock, net $317
Net operating income $1,525
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.64%
Cost of funding earning assets 1.42%
Net interest margin 3.22%
Noninterest income to earning assets 0.36%
Noninterest expense to earning assets 2.60%
Net operating income to assets 0.73%
Return on assets (ROA) 0.84%
Pretax return on assets 1.01%
Return on equity (ROE) 7.88%
Retained earnings to average equity (YTD only) 4.02%
Net charge-offs to loans 0.17%
Credit loss provision to net charge-offs 14.20%
Efficiency ratio10.61%
Assets per employee$71,747
Cash dividends to net income (YTD only)5.42%
Condition Ratios (%)
Loss allowance to loans 48.99%
Loss allowance to noncurrent loans 0.70%
Noncurrent assets plus other real estate owned to assets 304.72%
Noncurrent loans to loans 0.36%
Net loans and leases to deposits0.23%
Net loans and leases to core deposits 60.33%
Equity capital to assets 66.43%
Core capital (leverage) ratio 10.95%
Tier 1 risk-based capital ratio 8.52%
Total risk-based capital ratio 16.93%
Memoranda
Average assets$18
Average earning assets$372,543
Average equity $39,506
Average loans $343,408
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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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