South Padre Bank, National Association in South Padre Island, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

South Padre Bank, National Association - Overview

  • General
  • FDIC Certificate #: 34950
    Status: Active
    Federal Reserve ID: 2783772
    Date Established: March 01, 1999
    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
  • NoIDNameAddressEstablishedService TypeMap
    062124South Padre Bank, National Association2700 Padre Boulevard, South Padre Island, TX 78597March 01, 1999Full Service Brick and Mortar

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