Texas First Bank in Texas City, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Texas First Bank - Overview

  • General
  • FDIC Certificate #: 23799
    Status: Active
    Federal Reserve ID: 473266
    Bank Holding Company (Regulatory Top Holder): Texas Independent Bancshares, Inc. (RSSDID: 1103878, Location: Texas City, TX)
    Date Established: April 23, 1982
    WWW: http://www.texasfirstbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 20 (Domestic: 20, Interstate: No)
    FDIC's unique #: 16636
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 23, 1982
    Last Structure Change Effective Date: May 13, 2011
    Last Structure Change Process Date: May 16, 2011
    Last Data Update: May 16, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3232 Palmer Highway, Texas City, TX 77590
    County: Galveston
    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): Galveston-Texas City, TX (#2920)
    Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42)
    Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
    Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420)
    CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $692.5 mil
    Equity capital: $73.4 mil
    Deposits held in domestic offices: $616.8 mil
    Return on assets (ROA): 0.57% ($4.0 mil)
    Quarterly return on assets: 0.34% ($2.4 mil)
    Return on Equity (ROE): 5.51% ($4.0 mil)
    Quarterly return on equity: 3.20% ($2.3 mil)
    Net income: $4.0 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.91% ($6,301.9 mil)
    Quarterly Pretax return on assets: 0.45% ($3,116.3 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
  • 206Total employees (full-time equivalent)
  • $692,516Total assets
  • $52,354Cash and due from depository institutions
  • $34,484Interest-bearing balances
  • $281,023Securities
  • $12,430Federal funds sold & reverse repurchase agreements
  • $306,681Net loans & leases
  • $6,064Loan loss allowance
  • $0Trading account assets
  • $13,092Bank premises and fixed assets
  • $6,791Other real estate owned
  • $6,090Goodwill and other intangibles
  • $692,516Life insurance assets
  • $14,055All other assets
  • $619,112Total liabilities and capital
  • $616,814Total liabilities
  • $421,817Total deposits
  • $616,814Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,298Subordinated debt
  • $73,404All other liabilities
  • $73,404Total equity capital
  • $73,404Total bank equity capital
  • $0Perpetual preferred stock
  • $750Common stock
  • $22,521Surplus
  • $50,133Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,545Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,318Income earned, not collected on loans
  • $242Earning assets
  • $2,687Long-term assets (5+ years)
  • $634,618Average Assets, year-to-date
  • $138,624Average Assets, quarterly
  • $702,154Volatile liabilities
  • $698,512Insider loans
  • $388,713FHLB advances
  • $688,934Loans and leases held for sale
  • $6,657Unused loan commitments
  • $6,657Tier 1 (core) risk-based capital
  • $65,168Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $54,704Restructured Loans and leases
  • $2,440Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $29,705Total interest income
  • $3,602Total interest expense
  • $26,103Net interest income
  • $2,443Provision for loan and lease losses
  • $5,565Total noninterest income
  • $0Fiduciary activities
  • $3,066Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,499Additional noninterest income
  • $22,865Total noninterest expense
  • $8,247Salaries and employee benefits
  • $3,134Premises and equipment expense
  • $11,484Additional noninterest expense
  • $6,360Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,328Applicable income taxes
  • $4,032Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,032Net income attributable to bank
  • $0Net charge-offs
  • $4,032Cash dividends
  • $2,357Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 0.56%Cost of funding earning assets
  • 4.07%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 5.51%Return on equity (ROE)
  • 2.78%Retained earnings to average equity (YTD only)
  • 0.74%Net charge-offs to loans
  • 103.65%Credit loss provision to net charge-offs
  • 3.73%Efficiency ratio
  • 72,202Assets per employee
  • 3.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.60%Loss allowance to loans
  • 1.94%Loss allowance to noncurrent loans
  • 140.44%Noncurrent assets plus other real estate owned to assets
  • 1.60%Noncurrent loans to loans
  • 1.38%Net loans and leases to deposits
  • 49.72%Net loans and leases to core deposits
  • 53.43%Equity capital to assets
  • 10.60%Core capital (leverage) ratio
  • 9.46%Tier 1 risk-based capital ratio
  • 16.77%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $702,154Average earning assets
  • $73,190Average equity
  • $641,489Average loans

List of branches

  • 20 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016636Texas First Bank3232 Palmer Highway, Texas City, TX 77590April 23, 1982Full Service Brick and Mortar
    1256722Kemah Branch1100 Highway 146, Kemah, TX 77565October 10, 1995Full Service Brick and Mortar
    2357187Lamarque Branch407 Oak Street, La Marque, TX 77568December 13, 1999Full Service Brick and Mortar
    3253801Galveston Branch2401 Broadway, Galveston, TX 77550January 22, 1991Full Service Brick and Mortar
    432681Crystal Beach Branch2385 State Highway 87, Port Bolivar, TX 77650July 06, 1985Full Service Brick and Mortar
    5253802Pirates Beach Branch13701 Fm 3005, Galveston, TX 77554November 06, 1995Full Service Brick and Mortar
    6484683Texas First Bank6501 Stewart Road, Galveston, TX 77551December 12, 2008Full Service Brick and Mortar
    8243652Fannett BranchHighway 124 And F.M. 365, Fannett, TX 77705May 13, 1996Full Service Brick and Mortar
    9419138Rollingbrook Branch519 Rollingbrook Drive, Baytown, TX 77521August 05, 2002Full Service Brick and Mortar
    10510016Mid County Branch10607 Hwy 69, Port Arthur, TX 77640June 01, 2010Full Service Brick and Mortar
    1115619Santa Fe Branch12402 Highway 6, Santa Fe, TX 77510Febuary 22, 1977Full Service Brick and Mortar
    12254557West Parkwood Branch111 West Parkwood, Friendswood, TX 77546January 25, 1999Full Service Brick and Mortar
    13254558Dickinson Branch4301 Hwy 3, Dickinson, TX 77539November 01, 1997Full Service Brick and Mortar
    14254559League City Branch111 South Hwy 3, League City, TX 77573Febuary 20, 1998Full Service Brick and Mortar
    1512363First Texas Bank - Hitchcock Branch8128 Highway 6, Hitchcock, TX 77563January 03, 1962Full Service Brick and Mortar
    16245447Lamarque Branch3000 Fm 1764, La Marque, TX 77568November 27, 1993Full Service Brick and Mortar
    17442445Bay Colony Branch5675 Fm 646, Dickinson, TX 77539June 01, 2005Full Service Brick and Mortar
    18453316Pearland Branch2343 North Main Street, Pearland, TX 77581January 31, 2003Full Service Brick and Mortar
    19511453Alvin Branch2625 South Loop 35, Alvin, TX 77511January 01, 2010Full Service Brick and Mortar
    20522187Texas First Bank Winnie Branch210 Hwy 124, Winnie, TX 77665July 01, 2010Full Service Brick and Mortar

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