Texas Commerce Bank - Beaumont, National Association in Beaumont, Texas (TX)



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Texas Commerce Bank - Beaumont, National Association
GeneralFDIC Certificate #: 3094
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Chase Bank of Texas, National Association (#3263)
Federal Reserve ID: 20950
Date Established: May 21, 1901
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 6 (Interstate: No)
FDIC's unique #: 1973
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 10, 1993
Last Structure Change Process Date: December 20, 1993
Last Data Update: December 20, 1993
Data Source Date: April 05, 2012
LocationAddress: The American Center, Beaumont, TX 77704
County: Jefferson
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Houston
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Beaumont-Port Arthur, TX (#840)
Core Based Statistical Area (CBSA): Beaumont-Port Arthur, TX (#13140)
CBSA Metro Statistical Area: Beaumont-Port Arthur, TX (#13140)
Financial SummaryTotal assets: $687.1 mil
Assets and Liabilities (December 31, 1992)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$110
Cash and due from depository institutions$355,969
Interest-bearing balances$10,735
Securities$0
Federal funds sold & reverse repurchase agreements$385
Net loans & leases$230,790
Loan loss allowance $104,596
Trading account assets$3,278
Bank premises and fixed assets$0
Other real estate owned$4,156
Goodwill and other intangibles$3,158
All other assets$12
Life insurance assets$2,137
Total liabilities and capital$0
Total liabilities$355,969
Total deposits$337,836
Interest-bearing deposits$322,387
Deposits held in domestic offices$235,224
% insured (estimated)322387.00%
Federal funds purchased & repurchase agreements $69
Trading liabilities$13,575
Other borrowed funds $0
Subordinated debt $6
All other liabilities $0
Total equity capital$1,868
Total bank equity capital$1,868
Perpetual preferred stock$18,133
Common stock$0
Surplus$3,200
Undivided profits $10,140
Memoranda
Noncurrent loans and leases $4,793
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,724
Earning assets $702
Long-term assets (5+ years) $335,771
Average Assets, year-to-date $5,213
Average Assets, quarterly $344,491
Volatile liabilities $345,535
Insider loans $66,746
FHLB advances $0
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $66,508
Tier 2 risk-based capital $0
Total risk weighted assets $18,121
Total unused commitments $172,290
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1992)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $16,330
Net interest income $9,395
Provision for loan and lease losses $6,935
Total noninterest income $150
Fiduciary activities $3,666
Service charges on deposit accounts $1,219
Trading account gains & fees $1,764
Additional noninterest income $0
Total noninterest expense $683
Salaries and employee benefits $11,276
Premises and equipment expense $3,640
Additional noninterest expense $1,303
Pre-tax net operating income $6,333
Securities gains (losses) -$825
Applicable income taxes $0
Income before extraordinary items -$254
Extraordinary gains - net -$571
Net income attributable to bank $0
Net charge-offs -$571
Cash dividends $785
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1992)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 5.00%
Net interest margin 2.88%
Noninterest income to earning assets 2.12%
Noninterest expense to earning assets 1.12%
Net operating income to assets 3.45%
Return on assets (ROA) -0.17%
Pretax return on assets -0.17%
Return on equity (ROE) -0.24%
Retained earnings to average equity (YTD only) -3.50%
Net charge-offs to loans -3.50%
Credit loss provision to net charge-offs 0.72%
Efficiency ratio19.11%
Assets per employee$106,339
Cash dividends to net income (YTD only)3.24%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.04%
Noncurrent assets plus other real estate owned to assets 190.14%
Noncurrent loans to loans 1.37%
Net loans and leases to deposits1.60%
Net loans and leases to core deposits 32.44%
Equity capital to assets 38.85%
Core capital (leverage) ratio 5.09%
Tier 1 risk-based capital ratio 4.92%
Total risk-based capital ratio 10.52%
Memoranda
Average assets$12
Average earning assets$344,491
Average equity $16,295
Average loans $326,443
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