Texas Gulf Bank, National Association in Freeport, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Texas Gulf Bank, National Association - Overview

  • General
  • FDIC Certificate #: 3206
    Status: Active
    Federal Reserve ID: 514655
    Bank Holding Company (Regulatory Top Holder): Texas Gulf Bancshares, Inc. (RSSDID: 1101726, Location: Houston, TX)
    Date Established: July 13, 1913
    WWW: http://www.texasgulfbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 2065
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 200 West Second Street, Freeport, TX 77541
    County: Brazoria
    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): Brazoria, TX (#1145)
    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
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $416.4 mil
    Equity capital: $45.9 mil
    Deposits held in domestic offices: $369.6 mil
    Return on assets (ROA): 0.87% ($3.6 mil)
    Quarterly return on assets: 1.07% ($4.5 mil)
    Return on Equity (ROE): 7.75% ($3.6 mil)
    Quarterly return on equity: 9.52% ($4.4 mil)
    Net income: $3.3 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 0.87% ($3,622.6 mil)
    Quarterly Pretax return on assets: 1.07% ($4,455.3 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
  • 102Total employees (full-time equivalent)
  • $416,386Total assets
  • $10,973Cash and due from depository institutions
  • $3,217Interest-bearing balances
  • $175,418Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $214,179Net loans & leases
  • $2,772Loan loss allowance
  • $0Trading account assets
  • $10,960Bank premises and fixed assets
  • $0Other real estate owned
  • $893Goodwill and other intangibles
  • $416,386Life insurance assets
  • $3,963All other assets
  • $370,504Total liabilities and capital
  • $369,631Total liabilities
  • $287,117Total deposits
  • $369,631Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $873Subordinated debt
  • $45,882All other liabilities
  • $45,882Total equity capital
  • $45,882Total bank equity capital
  • $0Perpetual preferred stock
  • $3,090Common stock
  • $9,424Surplus
  • $33,368Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $6,751Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $357Income earned, not collected on loans
  • $0Earning assets
  • $2,087Long-term assets (5+ years)
  • $392,814Average Assets, year-to-date
  • $123,682Average Assets, quarterly
  • $379,589Volatile liabilities
  • $407,334Insider loans
  • $250,541FHLB advances
  • $397,163Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $37,791Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $48,211Restructured Loans and leases
  • $1,087Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,708Total interest income
  • $2,230Total interest expense
  • $13,478Net interest income
  • $535Provision for loan and lease losses
  • $2,435Total noninterest income
  • $776Fiduciary activities
  • $1,074Service charges on deposit accounts
  • $0Trading account gains & fees
  • $585Additional noninterest income
  • $12,084Total noninterest expense
  • $7,328Salaries and employee benefits
  • $1,864Premises and equipment expense
  • $2,892Additional noninterest expense
  • $3,294Pre-tax net operating income
  • $3Securities gains (losses)
  • $0Applicable income taxes
  • $3,297Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,297Net income attributable to bank
  • $0Net charge-offs
  • $3,297Cash dividends
  • $72Sale, conversion, retirement of capital stock, net
  • $650Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 3.38%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 7.75%Return on equity (ROE)
  • 6.22%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 743.06%Credit loss provision to net charge-offs
  • 53.18%Efficiency ratio
  • 75,938Assets per employee
  • 4.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.71%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 776.47%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 57.94%Net loans and leases to core deposits
  • 61.95%Equity capital to assets
  • 11.02%Core capital (leverage) ratio
  • 9.52%Tier 1 risk-based capital ratio
  • 15.08%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $379,589Average earning assets
  • $42,550Average equity
  • $357,304Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $376,189Managed Assets
  • 1Number of Accounts
  • $370,758Personal trust and agency accounts
  • $369,373Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $26Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $1,359Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 202Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,431Other retirement accounts
  • $4Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $4,574Fiduciary accounts held in foreign offices

List of branches

  • 8 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02065Texas Gulf Bank, National Association200 West Second Street, Freeport, TX 77541July 13, 1913Full Service Brick and Mortar
    216941Angleton Branch1717 North Velasco, Angleton, TX 77515January 27, 1983Full Service Brick and Mortar
    315527Clute Branch1030 Dixie Drive, Clute, TX 77531August 16, 1976Full Service Brick and Mortar
    4196158Lake Jackson Branch203 This Way, Lake Jackson, TX 77566October 11, 1994Full Service Brick and Mortar
    511447Freeport Branch1400 Brazosport Boulevard, Freeport, TX 77541June 22, 1955Full Service Brick and Mortar
    6434087West Columbia109 East Brazos Avenie, West Columbia, TX 77486December 27, 2004Full Service Brick and Mortar
    7489381Tanglewood/Memorial Branch1626 S Voss Rd, Houston, TX 77057March 04, 2009Full Service Brick and Mortar
    8515072Friendswood Branch1100 B South Friendswood Drive, Friendswood, TX 77546November 17, 2010Full Service Brick and Mortar

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