FDIC Certificate #: 25090 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First State Bank of Texas (#10348) Federal Reserve ID: 795258 Date Established: April 02, 1984 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 17366 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: April 02, 1984 Last Structure Change Effective Date: April 24, 1998 Last Structure Change Process Date: June 01, 1998 Last Data Update: June 01, 1998 Data Source Date: April 05, 2012
Location
Address: 6111 Lake Worth Boulevard, Lake Worth, TX 76114 County: Tarrant Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Kansas City FDIC Field Office: Dallas Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Fort Worth-Arlington, TX (#2800) Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31) Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100) CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100) Core Based Statistical Division: Fort Worth-Arlington, TX (#23104)
Financial Summary
Total assets: $39.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
25Total employees (full-time equivalent)
$40,910Total assets
$3,593Cash and due from depository institutions
$284Interest-bearing balances
$10,534Securities
$490Federal funds sold & reverse repurchase agreements
$24,081Net loans & leases
$268Loan loss allowance
$0Trading account assets
$603Bank premises and fixed assets
$49Other real estate owned
$1,130Goodwill and other intangibles
$0Life insurance assets
$430All other assets
$40,910Total liabilities and capital
$36,767Total liabilities
$36,441Total deposits
$25,115Interest-bearing deposits
$36,441Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$326All other liabilities
$4,143Total equity capital
$4,143Total bank equity capital
$4,143Perpetual preferred stock
$0Common stock
$800Surplus
$3,276Undivided profits
Memoranda
$67Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$225Earning assets
$0Long-term assets (5+ years)
$109Average Assets, year-to-date
$35,389Average Assets, quarterly
$10,079Volatile liabilities
$40,373Insider loans
$40,528FHLB advances
$2,830Loans and leases held for sale
$640Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,160Total unused commitments
$0Restructured Loans and leases
$24,431Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$3,181Total interest income
$979Total interest expense
$2,202Net interest income
$85Provision for loan and lease losses
$588Total noninterest income
$0Fiduciary activities
$498Service charges on deposit accounts
$0Trading account gains & fees
$90Additional noninterest income
$1,826Total noninterest expense
$899Salaries and employee benefits
$214Premises and equipment expense
$713Additional noninterest expense
$879Pre-tax net operating income
$16Securities gains (losses)
$345Applicable income taxes
$550Income before extraordinary items
$0Extraordinary gains - net
$550Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$53Sale, conversion, retirement of capital stock, net
$623Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.04%Yield on earning assets
2.78%Cost of funding earning assets
6.26%Net interest margin
1.67%Noninterest income to earning assets
5.19%Noninterest expense to earning assets
1.34%Net operating income to assets
1.36%Return on assets (ROA)
2.22%Pretax return on assets
12.78%Return on equity (ROE)
-1.70%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
160.38%Credit loss provision to net charge-offs
18.19%Efficiency ratio
59,857Assets per employee
1.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
113.27%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
119.11%Noncurrent assets plus other real estate owned to assets
0.67%Noncurrent loans to loans
0.92%Net loans and leases to deposits
66.08%Net loans and leases to core deposits
71.65%Equity capital to assets
10.13%Core capital (leverage) ratio
7.40%Tier 1 risk-based capital ratio
12.01%Total risk-based capital ratio
Memoranda
$13Average assets
$40,373Average earning assets
$4,304Average equity
$35,189Average loans
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