Spirit of Texas Bank, SSB in College Station, Texas (TX)



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Spirit of Texas Bank, SSB routing number info

Table of contents:
Spirit of Texas Bank, SSB
GeneralFDIC Certificate #: 22327
Status: Active
Federal Reserve ID: 260868
Bank Holding Company (Regulatory Top Holder): St Financial Group, Inc. (RSSDID: 3818390, Location: College Station, TX)
Date Established: September 07, 1976
WWW: http://www.spiritoftexasbank.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 10 (Domestic: 10, Interstate: No)
OTS Docket #: 16060
FDIC's unique #: 15536
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: September 07, 1976
Last Structure Change Effective Date: October 28, 2011
Last Structure Change Process Date: November 22, 2011
Last Data Update: November 22, 2011
Data Source Date: April 05, 2012
LocationAddress: 625 University Drive, College Station, TX 77840
County: Brazos
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Austin
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Bryan-College Station, TX (#1260)
Core Based Statistical Area (CBSA): College Station-Bryan, TX (#17780)
CBSA Metro Statistical Area: College Station-Bryan, TX (#17780)
History of ChangesOffice Purchased
Financial SummaryTotal assets: $321.6 mil
Equity capital: $37.6 mil
Deposits held in domestic offices: $281.0 mil
Return on assets (ROA): 1.03% ($3.3 mil)
Quarterly return on assets: 0.29% ($0.9 mil)
Return on Equity (ROE): 7.61% ($2.9 mil)
Quarterly return on equity: 2.33% ($0.9 mil)
Net income: $2.5 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.74% ($2,379.7 mil)
Quarterly Pretax return on assets: -0.01% (-$32.2 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)87
Total assets$321,581
Cash and due from depository institutions$61,451
Interest-bearing balances$46,149
Securities$34,954
Federal funds sold & reverse repurchase agreements$1,000
Net loans & leases$207,648
Loan loss allowance $1,349
Trading account assets$0
Bank premises and fixed assets$7,201
Other real estate owned$0
Goodwill and other intangibles$5,384
All other assets$3,943
Life insurance assets$321,581
Total liabilities and capital$284,011
Total liabilities$281,038
Total deposits$251,274
Interest-bearing deposits$281,038
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,625
Other borrowed funds $0
Subordinated debt $1,348
All other liabilities $37,570
Total equity capital$37,570
Total bank equity capital$37,570
Perpetual preferred stock$0
Common stock$240
Surplus$36,512
Undivided profits $818
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $520
Earning assets $0
Long-term assets (5+ years) $867
Average Assets, year-to-date $289,751
Average Assets, quarterly $50,630
Volatile liabilities $239,871
Insider loans $281,427
FHLB advances $192,719
Loans and leases held for sale $281,516
Unused loan commitments $447
Tier 1 (core) risk-based capital $447
Tier 2 risk-based capital $30,766
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $28,139
Derivatives$3,671
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,010
Total interest expense $2,341
Net interest income $9,669
Provision for loan and lease losses $443
Total noninterest income $4,405
Fiduciary activities $0
Service charges on deposit accounts $392
Trading account gains & fees $0
Additional noninterest income $4,013
Total noninterest expense $11,864
Salaries and employee benefits $6,689
Premises and equipment expense $1,666
Additional noninterest expense $3,509
Pre-tax net operating income $1,767
Securities gains (losses) $0
Applicable income taxes -$707
Income before extraordinary items $2,474
Extraordinary gains - net $0
Net income attributable to bank $2,474
Net charge-offs $0
Cash dividends $2,474
Sale, conversion, retirement of capital stock, net $197
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.57%
Cost of funding earning assets 1.09%
Net interest margin 4.49%
Noninterest income to earning assets 2.04%
Noninterest expense to earning assets 5.50%
Net operating income to assets 1.03%
Return on assets (ROA) 1.03%
Pretax return on assets 0.74%
Return on equity (ROE) 7.61%
Retained earnings to average equity (YTD only) 7.61%
Net charge-offs to loans 0.12%
Credit loss provision to net charge-offs 224.87%
Efficiency ratio11.22%
Assets per employee$83,615
Cash dividends to net income (YTD only)3.70%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.65%
Noncurrent assets plus other real estate owned to assets 259.42%
Noncurrent loans to loans 0.16%
Net loans and leases to deposits0.25%
Net loans and leases to core deposits 73.89%
Equity capital to assets 77.49%
Core capital (leverage) ratio 11.68%
Tier 1 risk-based capital ratio 10.93%
Total risk-based capital ratio 15.96%
Memoranda
Average assets$17
Average earning assets$239,871
Average equity $32,523
Average loans $215,578
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10 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
015536Spirit Of Texas Bank, Ssb625 University Drive, College Station, TX 77840September 07, 1976Full Service Brick and Mortar
1426570Spirit Of Texas Bank Snook BranchFm Loop 2155, Snook, TX 77878January 04, 1999Full Service Brick and Mortar
3488148Magnolia Branch6910 Fm 1488 Road, Suite 1, Magnolia, TX 77354Febuary 23, 2009Full Service Brick and Mortar
4481903Clear Lake Branch1010 Bay Area Blvd., Houston, TX 77058October 20, 2008Full Service Brick and Mortar
5492694Southwest Branch4151 Southwest Freeway, Suite 105, Houston, TX 77027Febuary 25, 2009Full Service Brick and Mortar
6497943Post Oak Road Branch720 North Post Oak Road, Houston, TX 77024November 16, 2009Full Service Brick and Mortar
7522076Tomball Branch27920 Tomball Parkway, Suite 250, Tomball, TX 77375August 27, 2010Full Service Brick and Mortar
8465609Conroe Branch5452 Highway 105 West, Suite 101, Conroe, TX 77304June 15, 2007Full Service Brick and Mortar
9468014Tomball West Branch14011 Park Drive, Suite 115, Tomball, TX 77375August 01, 2007Full Service Brick and Mortar
10476957Tomball Hospital Branch605 Holderrieth Blvd, Tomball, TX 77375May 01, 2008Full Service Brick and Mortar
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