Sundown State Bank in Sundown, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Sundown State Bank - Overview

  • General
  • FDIC Certificate #: 18780
    Status: Active
    Federal Reserve ID: 412667
    Bank Holding Company (Regulatory Top Holder): Sundown Bankshares, Inc. (RSSDID: 1104389, Location: Sundown, TX)
    Date Established: May 21, 1963
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 12641
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: May 21, 1963
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: April 17, 2008
    Last Data Update: April 17, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 501 S. Slaughter Ave., Sundown, TX 79372
    County: Hockley
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Lubbock-Levelland, TX (#352)
    Core Based Statistical Area (CBSA): Levelland, TX (#30220)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $133.9 mil
    Equity capital: $9.7 mil
    Deposits held in domestic offices: $124.0 mil
    Return on assets (ROA): 1.13% ($1.5 mil)
    Quarterly return on assets: 0.98% ($1.3 mil)
    Return on Equity (ROE): 13.96% ($1.4 mil)
    Quarterly return on equity: 12.86% ($1.3 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.26% ($1,687.1 mil)
    Quarterly Pretax return on assets: 0.86% ($1,151.5 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
  • 36Total employees (full-time equivalent)
  • $133,897Total assets
  • $6,983Cash and due from depository institutions
  • $50Interest-bearing balances
  • $27,510Securities
  • $26,825Federal funds sold & reverse repurchase agreements
  • $67,732Net loans & leases
  • $578Loan loss allowance
  • $0Trading account assets
  • $2,909Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $133,897Life insurance assets
  • $1,938All other assets
  • $124,161Total liabilities and capital
  • $123,991Total liabilities
  • $70,125Total deposits
  • $123,991Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $170Subordinated debt
  • $9,736All other liabilities
  • $9,736Total equity capital
  • $9,736Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $6,032Surplus
  • $3,554Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,324Income earned, not collected on loans
  • $0Earning assets
  • $1,464Long-term assets (5+ years)
  • $122,117Average Assets, year-to-date
  • $38,207Average Assets, quarterly
  • $118,752Volatile liabilities
  • $131,203Insider loans
  • $81,316FHLB advances
  • $132,057Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,736Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,407Restructured Loans and leases
  • $924Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,295Total interest income
  • $548Total interest expense
  • $4,747Net interest income
  • -$98Provision for loan and lease losses
  • $891Total noninterest income
  • $0Fiduciary activities
  • $595Service charges on deposit accounts
  • $0Trading account gains & fees
  • $296Additional noninterest income
  • $4,239Total noninterest expense
  • $2,292Salaries and employee benefits
  • $639Premises and equipment expense
  • $1,308Additional noninterest expense
  • $1,497Pre-tax net operating income
  • $0Securities gains (losses)
  • $152Applicable income taxes
  • $1,345Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,345Net income attributable to bank
  • $0Net charge-offs
  • $1,345Cash dividends
  • -$152Sale, conversion, retirement of capital stock, net
  • $750Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 0.50%Cost of funding earning assets
  • 4.37%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 3.91%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 13.96%Return on equity (ROE)
  • 6.18%Retained earnings to average equity (YTD only)
  • -0.22%Net charge-offs to loans
  • 64.47%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 75,186Assets per employee
  • 3.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 55.76%Loss allowance to loans
  • 0.85%Loss allowance to noncurrent loans
  • 43.66%Noncurrent assets plus other real estate owned to assets
  • 0.99%Noncurrent loans to loans
  • 1.94%Net loans and leases to deposits
  • 54.63%Net loans and leases to core deposits
  • 57.71%Equity capital to assets
  • 7.27%Core capital (leverage) ratio
  • 7.37%Tier 1 risk-based capital ratio
  • 11.97%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $118,752Average earning assets
  • $9,632Average equity
  • $108,528Average loans

List of branches

  • 5 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012641Sundown State Bank501 S. Slaughter Ave., Sundown, TX 79372May 21, 1963Full Service Brick and Mortar
    1246459Levelland Branch1722 Avenue H, Levelland, TX 79336January 04, 1993Full Service Brick and Mortar
    2246460Brownfield Branch101 South First, Brownfield, TX 79316April 03, 1995Full Service Brick and Mortar
    3246461Denver City Branch202 West Broadway, Denver City, TX 79323March 17, 1997Full Service Brick and Mortar
    4468523Wall Branch7902 Loop 570, Wall, TX 76957September 04, 2007Full Service Brick and Mortar

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