Texas Star Bank in Van Alstyne, Texas (TX)



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Texas Star Bank
GeneralFDIC Certificate #: 5567
Status: Active
Federal Reserve ID: 274164
Bank Holding Company (Regulatory Top Holder): Van Alstyne Financial Corporation (RSSDID: 1109553, Location: Van Alstyne, TX)
Date Established: June 01, 1890
WWW: http://www.texasstarbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 11854
FDIC's unique #: 3787
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: January 01, 1934
Last Structure Change Effective Date: April 24, 2009
Last Structure Change Process Date: November 12, 2009
Last Data Update: November 12, 2009
Data Source Date: April 05, 2012
LocationAddress: 177 East Jefferson Street, Van Alstyne, TX 75495
County: Grayson
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Dallas
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Sherman-Denison, TX (#7640)
Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
Core Based Statistical Area (CBSA): Sherman-Denison, TX (#43300)
CBSA Metro Statistical Area: Sherman-Denison, TX (#43300)
History of ChangesChange in Location
Financial SummaryTotal assets: $282.8 mil
Equity capital: $24.3 mil
Deposits held in domestic offices: $255.0 mil
Return on assets (ROA): 1.00% ($2.8 mil)
Quarterly return on assets: 1.11% ($3.1 mil)
Return on Equity (ROE): 11.64% ($2.8 mil)
Quarterly return on equity: 12.76% ($3.1 mil)
Net income: $2.7 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.49% ($4,214.2 mil)
Quarterly Pretax return on assets: 1.65% ($4,666.8 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)94
Total assets$282,834
Cash and due from depository institutions$16,194
Interest-bearing balances$1,778
Securities$10,079
Federal funds sold & reverse repurchase agreements$33,250
Net loans & leases$206,138
Loan loss allowance $2,998
Trading account assets$0
Bank premises and fixed assets$7,700
Other real estate owned$1,455
Goodwill and other intangibles$0
All other assets$8,018
Life insurance assets$282,834
Total liabilities and capital$258,513
Total liabilities$254,989
Total deposits$202,395
Interest-bearing deposits$254,989
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,371
Other borrowed funds $0
Subordinated debt $2,153
All other liabilities $24,321
Total equity capital$24,321
Total bank equity capital$24,321
Perpetual preferred stock$0
Common stock$350
Surplus$7,883
Undivided profits $16,088
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 $1,751
Earning assets $128
Long-term assets (5+ years) $1,375
Average Assets, year-to-date $251,245
Average Assets, quarterly $24,215
Volatile liabilities $268,150
Insider loans $275,950
FHLB advances $208,604
Loans and leases held for sale $274,711
Unused loan commitments $3,804
Tier 1 (core) risk-based capital $3,804
Tier 2 risk-based capital $24,332
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $15,343
Derivatives$5,122
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,824
Total interest expense $2,569
Net interest income $11,255
Provision for loan and lease losses $1,025
Total noninterest income $3,535
Fiduciary activities $0
Service charges on deposit accounts $1,669
Trading account gains & fees $0
Additional noninterest income $1,866
Total noninterest expense $9,758
Salaries and employee benefits $5,004
Premises and equipment expense $1,526
Additional noninterest expense $3,228
Pre-tax net operating income $4,007
Securities gains (losses) $0
Applicable income taxes $1,322
Income before extraordinary items $2,685
Extraordinary gains - net $0
Net income attributable to bank $2,685
Net charge-offs $0
Cash dividends $2,685
Sale, conversion, retirement of capital stock, net $562
Net operating income $650
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.79%
Cost of funding earning assets 1.08%
Net interest margin 4.71%
Noninterest income to earning assets 1.48%
Noninterest expense to earning assets 4.08%
Net operating income to assets 1.00%
Return on assets (ROA) 1.00%
Pretax return on assets 1.49%
Return on equity (ROE) 11.64%
Retained earnings to average equity (YTD only) 8.82%
Net charge-offs to loans 0.27%
Credit loss provision to net charge-offs 182.38%
Efficiency ratio8.95%
Assets per employee$65,977
Cash dividends to net income (YTD only)3.01%
Condition Ratios (%)
Loss allowance to loans 24.21%
Loss allowance to noncurrent loans 1.43%
Noncurrent assets plus other real estate owned to assets 171.22%
Noncurrent loans to loans 1.13%
Net loans and leases to deposits0.84%
Net loans and leases to core deposits 80.84%
Equity capital to assets 88.37%
Core capital (leverage) ratio 8.60%
Tier 1 risk-based capital ratio 8.86%
Total risk-based capital ratio 11.66%
Memoranda
Average assets$13
Average earning assets$268,150
Average equity $23,073
Average loans $238,906
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7 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03787Texas Star Bank177 East Jefferson Street, Van Alstyne, TX 75495June 01, 1890Full Service Brick and Mortar
1207828Tom Bean Branch7890 West Highway 11, Tom Bean, TX 75489September 08, 1987Full Service Brick and Mortar
216145Sherman Branch500 North Sam Rayburn Freeway, Sherman, TX 75090January 24, 1980Full Service Brick and Mortar
4207830Mckinney Branch2800 West Virginia Parkway, Mckinney, TX 75070June 05, 1995Full Service Brick and Mortar
6362499Anna Branch402 West White Street, Anna, TX 75409August 16, 2001Full Service Brick and Mortar
7452958Tioga Branch101 Gene Autry Dr., Tioga, TX 76271September 07, 2005Full Service Brick and Mortar
8452959Celina Branch320 South Preston Road, Celina, TX 75009May 01, 2006Full Service Brick and Mortar
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