FDIC Certificate #: 17755 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Bank & Trust East Texas (#17233) Federal Reserve ID: 726467 Date Established: May 01, 1957 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 11709 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: May 01, 1957 Last Structure Change Effective Date: July 26, 2001 Last Structure Change Process Date: October 23, 2001 Last Data Update: October 23, 2001 Data Source Date: April 05, 2012
Location
Address: Main Street, Pineland, TX 75968 County: Sabine 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
Financial Summary
Total assets: $91.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
50Total employees (full-time equivalent)
$91,418Total assets
$3,808Cash and due from depository institutions
$796Interest-bearing balances
$31,280Securities
$2,300Federal funds sold & reverse repurchase agreements
$51,128Net loans & leases
$536Loan loss allowance
$0Trading account assets
$1,964Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$938All other assets
$91,418Total liabilities and capital
$84,715Total liabilities
$84,135Total deposits
$69,565Interest-bearing deposits
$84,135Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$580All other liabilities
$6,703Total equity capital
$6,703Total bank equity capital
$6,703Perpetual preferred stock
$0Common stock
$1,994Surplus
$4,116Undivided profits
Memoranda
$593Noncurrent loans and leases
$1,638Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$414Earning assets
$0Long-term assets (5+ years)
$389Average Assets, year-to-date
$85,504Average Assets, quarterly
$9,457Volatile liabilities
$93,773Insider loans
$93,476FHLB advances
$19,008Loans and leases held for sale
$661Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,638Total unused commitments
$0Restructured Loans and leases
$536Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$7,209Total interest income
$3,240Total interest expense
$3,969Net interest income
$240Provision for loan and lease losses
$977Total noninterest income
$0Fiduciary activities
$843Service charges on deposit accounts
$0Trading account gains & fees
$134Additional noninterest income
$2,755Total noninterest expense
$1,457Salaries and employee benefits
$339Premises and equipment expense
$959Additional noninterest expense
$1,951Pre-tax net operating income
$0Securities gains (losses)
$552Applicable income taxes
$1,399Income before extraordinary items
$0Extraordinary gains - net
$1,399Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$215Sale, conversion, retirement of capital stock, net
$1,600Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.23%Yield on earning assets
3.70%Cost of funding earning assets
4.53%Net interest margin
1.12%Noninterest income to earning assets
3.14%Noninterest expense to earning assets
1.49%Net operating income to assets
1.49%Return on assets (ROA)
2.08%Pretax return on assets
21.00%Return on equity (ROE)
-3.02%Retained earnings to average equity (YTD only)
0.42%Net charge-offs to loans
111.63%Credit loss provision to net charge-offs
10.19%Efficiency ratio
55,702Assets per employee
1.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
114.37%Loss allowance to loans
1.04%Loss allowance to noncurrent loans
129.47%Noncurrent assets plus other real estate owned to assets
0.45%Noncurrent loans to loans
0.80%Net loans and leases to deposits
60.77%Net loans and leases to core deposits
78.51%Equity capital to assets
7.33%Core capital (leverage) ratio
7.12%Tier 1 risk-based capital ratio
12.47%Total risk-based capital ratio
Memoranda
$13Average assets
$93,773Average earning assets
$6,661Average equity
$87,600Average loans
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