FDIC Certificate #: 11568 Status: Inactive Closing history: Corrections Acquiring institution:The Pecos County State Bank (#13006) Federal Reserve ID: 519267 Date Established: July 01, 1907 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 13951 FDIC's unique #: 7390 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 12, 2008 Last Structure Change Process Date: December 12, 2008 Last Data Update: December 12, 2008 Data Source Date: April 05, 2012
Location
Address: 216 West Oak Street, Sanderson, TX 79848 County: Terrell Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Lubbock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $38.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
18Total employees (full-time equivalent)
$44,280Total assets
$827Cash and due from depository institutions
$12Interest-bearing balances
$2,487Securities
$1,320Federal funds sold & reverse repurchase agreements
$35,217Net loans & leases
$83Loan loss allowance
$0Trading account assets
$672Bank premises and fixed assets
$2,022Other real estate owned
$781Goodwill and other intangibles
$0Life insurance assets
$954All other assets
$44,280Total liabilities and capital
$39,271Total liabilities
$38,090Total deposits
$32,704Interest-bearing deposits
$38,090Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$700Other borrowed funds
$0Subordinated debt
$481All other liabilities
$5,009Total equity capital
$5,009Total bank equity capital
$5,009Perpetual preferred stock
$0Common stock
$200Surplus
$4,967Undivided profits
Memoranda
$-158Noncurrent loans and leases
$3,047Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$349Earning assets
$0Long-term assets (5+ years)
$330Average Assets, year-to-date
$39,036Average Assets, quarterly
$2,026Volatile liabilities
$40,473Insider loans
$39,898FHLB advances
$29,156Loans and leases held for sale
$22Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,602Total risk weighted assets
$3,047Total unused commitments
$0Restructured Loans and leases
$83Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$2,882Total interest income
$1,473Total interest expense
$1,409Net interest income
$28Provision for loan and lease losses
$35Total noninterest income
$0Fiduciary activities
$3Service charges on deposit accounts
$0Trading account gains & fees
$32Additional noninterest income
$1,508Total noninterest expense
$674Salaries and employee benefits
$270Premises and equipment expense
$564Additional noninterest expense
-$92Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$92Income before extraordinary items
$0Extraordinary gains - net
-$92Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$39Sale, conversion, retirement of capital stock, net
$20Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.08%Yield on earning assets
4.13%Cost of funding earning assets
3.95%Net interest margin
0.10%Noninterest income to earning assets
4.23%Noninterest expense to earning assets
-0.23%Net operating income to assets
-0.23%Return on assets (ROA)
-0.23%Pretax return on assets
-1.79%Return on equity (ROE)
-2.18%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
71.79%Credit loss provision to net charge-offs
-1.64%Efficiency ratio
104,432Assets per employee
2.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
-21.74%Loss allowance to loans
0.24%Loss allowance to noncurrent loans
23.78%Noncurrent assets plus other real estate owned to assets
5.35%Noncurrent loans to loans
0.99%Net loans and leases to deposits
92.46%Net loans and leases to core deposits
394.19%Equity capital to assets
11.31%Core capital (leverage) ratio
12.28%Tier 1 risk-based capital ratio
12.00%Total risk-based capital ratio
Memoranda
$12Average assets
$40,473Average earning assets
$5,132Average equity
$35,649Average loans
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