Shelby-Panola Savings Association in Carthage, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 13, 1995

Shelby-Panola Savings Association in Carthage, Texas (TX)
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Shelby-Panola Savings Association - Overview

General
FDIC Certificate #: 30891
Status: Inactive
Closing history: Corrections
Acquiring institution: First Federal Savings Bank of North Texas (#29221)
Federal Reserve ID: 760377
Date Established: August 01, 1956
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 6070
FDIC's unique #: 43725
Numeric code: 35
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: August 01, 1956
Last Structure Change Effective Date: July 13, 1995
Last Structure Change Process Date: July 20, 1995
Last Data Update: January 31, 1996
Data Source Date: April 05, 2012
Location
Address: 119 South Market Street, Carthage, TX 75633
County: Panola
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
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $56.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$11Total assets
$55,978Cash and due from depository institutions
$3,296Interest-bearing balances
$3,055Securities
$34,465Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$15,933Loan loss allowance
$143Trading account assets
$0Bank premises and fixed assets
$247Other real estate owned
$431Goodwill and other intangibles
$1,606Life insurance assets
$0All other assets
$0Total liabilities and capital
$55,978Total liabilities
$45,580Total deposits
$45,207Interest-bearing deposits
$45,207Deposits held in domestic offices
45207.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$373Total equity capital
$373Total bank equity capital
$10,398Perpetual preferred stock
$0Common stock
$378Surplus
$1,422Undivided profits
Memoranda
$8,598Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,016Income earned, not collected on loans
$114Earning assets
$53,453Long-term assets (5+ years)
$0Average Assets, year-to-date
$59,996Average Assets, quarterly
$56,507Volatile liabilities
$2,215Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$78Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,347Total risk weighted assets
$18,661Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,441Total interest expense
$1,566Net interest income
$1,875Provision for loan and lease losses
-$56Total noninterest income
$99Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$99Total noninterest expense
$873Salaries and employee benefits
$542Premises and equipment expense
$76Additional noninterest expense
$255Pre-tax net operating income
$1,157Securities gains (losses)
-$81Applicable income taxes
$308Income before extraordinary items
$768Extraordinary gains - net
$0Net income attributable to bank
$768Net charge-offs
$3Cash dividends
$189Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
5.98%Cost of funding earning assets
2.72%Net interest margin
3.26%Noninterest income to earning assets
0.17%Noninterest expense to earning assets
1.52%Net operating income to assets
1.38%Return on assets (ROA)
1.28%Pretax return on assets
1.79%Return on equity (ROE)
7.61%Retained earnings to average equity (YTD only)
5.74%Net charge-offs to loans
0.02%Credit loss provision to net charge-offs
-1866.67%Efficiency ratio
44,225Assets per employee
5.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
24.61%Loss allowance to loans
0.89%Loss allowance to noncurrent loans
14.07%Noncurrent assets plus other real estate owned to assets
2.36%Noncurrent loans to loans
6.32%Net loans and leases to deposits
35.24%Net loans and leases to core deposits
37.06%Equity capital to assets
18.58%Core capital (leverage) ratio
18.50%Tier 1 risk-based capital ratio
55.45%Total risk-based capital ratio
Memoranda
$54Average assets
$59,996Average earning assets
$10,091Average equity
$57,553Average loans

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