The City State Bank of Palacios in Palacios, Texas (TX)

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The City State Bank of Palacios
GeneralFDIC Certificate #: 15764
Status: Active
Federal Reserve ID: 720166
Bank Holding Company (Regulatory Top Holder): City State Bancshares, Inc. (RSSDID: 2398710, Location: Palacios, TX)
Date Established: August 26, 1940
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 10012
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: August 26, 1940
Last Structure Change Effective Date: May 01, 2006
Last Structure Change Process Date: August 08, 2006
Last Data Update: August 08, 2006
Data Source Date: April 05, 2012
LocationAddress: 459 Main Street, Palacios, TX 77465
County: Matagorda
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
Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
Core Based Statistical Area (CBSA): Bay City, TX (#13060)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $56.8 mil
Equity capital: $5.6 mil
Deposits held in domestic offices: $50.7 mil
Return on assets (ROA): 0.57% ($0.3 mil)
Quarterly return on assets: 0.32% ($0.2 mil)
Return on Equity (ROE): 5.72% ($0.3 mil)
Quarterly return on equity: 3.28% ($0.2 mil)
Net income: $0.3 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.62% ($352.4 mil)
Quarterly Pretax return on assets: 0.27% ($153.5 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)
Total employees (full-time equivalent)17
Total assets$56,843
Cash and due from depository institutions$5,329
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$19,644
Loan loss allowance $442
Trading account assets$0
Bank premises and fixed assets$347
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$814
Life insurance assets$56,843
Total liabilities and capital$51,230
Total liabilities$50,706
Total deposits$29,084
Interest-bearing deposits$50,706
Deposits held in domestic offices$99
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $524
All other liabilities $5,613
Total equity capital$5,613
Total bank equity capital$5,613
Perpetual preferred stock$0
Common stock$935
Undivided profits $2,313
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 $182
Earning assets $178
Long-term assets (5+ years) $398
Average Assets, year-to-date $50,353
Average Assets, quarterly $37,030
Volatile liabilities $54,278
Insider loans $57,329
FHLB advances $19,285
Loans and leases held for sale $57,139
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,244
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,547
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,061
Total interest expense $299
Net interest income $1,762
Provision for loan and lease losses $40
Total noninterest income $208
Fiduciary activities $0
Service charges on deposit accounts $210
Trading account gains & fees $0
Additional noninterest income -$2
Total noninterest expense $1,754
Salaries and employee benefits $914
Premises and equipment expense $205
Additional noninterest expense $635
Pre-tax net operating income $176
Securities gains (losses) $162
Applicable income taxes $29
Income before extraordinary items $309
Extraordinary gains - net $0
Net income attributable to bank $309
Net charge-offs $0
Cash dividends $309
Sale, conversion, retirement of capital stock, net -$5
Net operating income $79
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.16%
Cost of funding earning assets 0.60%
Net interest margin 3.56%
Noninterest income to earning assets 0.42%
Noninterest expense to earning assets 3.54%
Net operating income to assets 0.30%
Return on assets (ROA) 0.57%
Pretax return on assets 0.62%
Return on equity (ROE) 5.72%
Retained earnings to average equity (YTD only) 4.26%
Net charge-offs to loans -0.02%
Credit loss provision to net charge-offs -800.00%
Efficiency ratio0.00%
Assets per employee$89,036
Cash dividends to net income (YTD only)3.34%
Condition Ratios (%)
Loss allowance to loans 25.57%
Loss allowance to noncurrent loans 2.20%
Noncurrent assets plus other real estate owned to assets 242.86%
Noncurrent loans to loans 0.32%
Net loans and leases to deposits0.91%
Net loans and leases to core deposits 38.74%
Equity capital to assets 40.07%
Core capital (leverage) ratio 9.87%
Tier 1 risk-based capital ratio 9.18%
Total risk-based capital ratio 27.19%
Average assets$28
Average earning assets$54,278
Average equity $5,405
Average loans $49,550
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1 Texas Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010012The City State Bank Of Palacios459 Main Street, Palacios, TX 77465August 26, 1940Full Service Brick and Mortar
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