FDIC Certificate #: 34950 Status: Active Federal Reserve ID: 2783772 Date Established: March 01, 1999 WWW:http://www.southpadre-bank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 62124 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: March 01, 1999 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 2700 Padre Boulevard, South Padre Island, TX 78597 County: Cameron Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Kansas City FDIC Field Office: Houston Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Brownsville-Harlingen-San Benito, TX (#1240) Combined Statistical Area (CSA): Brownsville-Harlingen-Raymondville, TX (#154) Core Based Statistical Area (CBSA): Brownsville-Harlingen, TX (#15180) CBSA Metro Statistical Area: Brownsville-Harlingen, TX (#15180)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $39.2 mil Equity capital: $7.4 mil Deposits held in domestic offices: $31.8 mil Return on assets (ROA): 0.98% ($0.4 mil) Quarterly return on assets: 1.05% ($0.4 mil) Return on Equity (ROE): 5.39% ($0.4 mil) Quarterly return on equity: 5.59% ($0.4 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.50% ($588.6 mil) Quarterly Pretax return on assets: 1.58% ($620.0 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$39,240Total assets
$8,385Cash and due from depository institutions
$5,811Interest-bearing balances
$351Securities
$0Federal funds sold & reverse repurchase agreements
$28,497Net loans & leases
$429Loan loss allowance
$0Trading account assets
$956Bank premises and fixed assets
$433Other real estate owned
$0Goodwill and other intangibles
$39,240Life insurance assets
$618All other assets
$31,819Total liabilities and capital
$31,760Total liabilities
$25,441Total deposits
$31,760Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$59Subordinated debt
$7,421All other liabilities
$7,421Total equity capital
$7,421Total bank equity capital
$0Perpetual preferred stock
$2,001Common stock
$2,001Surplus
$3,419Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$108Long-term assets (5+ years)
$34,659Average Assets, year-to-date
$722Average Assets, quarterly
$39,773Volatile liabilities
$39,257Insider loans
$24,541FHLB advances
$39,156Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,416Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,010Restructured Loans and leases
$2,556Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,752Total interest income
$274Total interest expense
$1,478Net interest income
$0Provision for loan and lease losses
$123Total noninterest income
$0Fiduciary activities
$89Service charges on deposit accounts
$0Trading account gains & fees
$34Additional noninterest income
$1,006Total noninterest expense
$483Salaries and employee benefits
$190Premises and equipment expense
$333Additional noninterest expense
$595Pre-tax net operating income
$0Securities gains (losses)
$206Applicable income taxes
$389Income before extraordinary items
$0Extraordinary gains - net
$389Net income attributable to bank
$0Net charge-offs
$389Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.92%Yield on earning assets
0.77%Cost of funding earning assets
4.15%Net interest margin
0.35%Noninterest income to earning assets
2.83%Noninterest expense to earning assets
0.98%Net operating income to assets
0.98%Return on assets (ROA)
1.50%Pretax return on assets
5.39%Return on equity (ROE)
5.39%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,836Assets per employee
4.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
1.10%Noncurrent loans to loans
0.00%Net loans and leases to deposits
89.73%Net loans and leases to core deposits
98.26%Equity capital to assets
18.91%Core capital (leverage) ratio
18.94%Tier 1 risk-based capital ratio
30.22%Total risk-based capital ratio
Memoranda
$31Average assets
$39,773Average earning assets
$7,220Average equity
$35,577Average loans
List of branches
1 Texas Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
62124
South Padre Bank, National Association
2700 Padre Boulevard, South Padre Island, TX 78597
March 01, 1999
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with South Padre Bank, National Association.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: