The Country Bank in Charlotte, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 15, 1998

  • The Country Bank in Charlotte, Texas (TX)
  • Show street view No street view available for this location

The Country Bank - Overview

  • General
  • FDIC Certificate #: 15602
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Texas Champion Bank (#11159)
    Federal Reserve ID: 747855
    Date Established: January 10, 1913
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 9887
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 04, 1938
    Last Structure Change Effective Date: June 15, 1998
    Last Structure Change Process Date: July 10, 1998
    Last Data Update: July 10, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: Del Mar Avenue And State Highway 97, Charlotte, TX 78011
    County: Atascosa
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Austin
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): San Antonio-New Braunfels, TX (#41700)
    CBSA Metro Statistical Area: San Antonio-New Braunfels, TX (#41700)
  • Financial Summary
  • Total assets: $38.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $38,611Total assets
  • $1,496Cash and due from depository institutions
  • $0Interest-bearing balances
  • $9,045Securities
  • $3,883Federal funds sold & reverse repurchase agreements
  • $22,633Net loans & leases
  • $406Loan loss allowance
  • $0Trading account assets
  • $818Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $736All other assets
  • $38,611Total liabilities and capital
  • $35,686Total liabilities
  • $35,497Total deposits
  • $29,185Interest-bearing deposits
  • $35,497Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $189All other liabilities
  • $2,925Total equity capital
  • $2,925Total bank equity capital
  • $2,925Perpetual preferred stock
  • $0Common stock
  • $181Surplus
  • $1,419Undivided profits
  • Memoranda
  • $1,325Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $786Earning assets
  • $0Long-term assets (5+ years)
  • $360Average Assets, year-to-date
  • $35,561Average Assets, quarterly
  • $961Volatile liabilities
  • $38,750Insider loans
  • $38,738FHLB advances
  • $4,810Loans and leases held for sale
  • $783Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,977Total unused commitments
  • $0Restructured Loans and leases
  • $25,177Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $3,124Total interest income
  • $1,241Total interest expense
  • $1,883Net interest income
  • $431Provision for loan and lease losses
  • $668Total noninterest income
  • $0Fiduciary activities
  • $613Service charges on deposit accounts
  • $0Trading account gains & fees
  • $55Additional noninterest income
  • $1,877Total noninterest expense
  • $755Salaries and employee benefits
  • $247Premises and equipment expense
  • $875Additional noninterest expense
  • $243Pre-tax net operating income
  • $0Securities gains (losses)
  • $67Applicable income taxes
  • $176Income before extraordinary items
  • $0Extraordinary gains - net
  • $176Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $378Sale, conversion, retirement of capital stock, net
  • $383Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.91%Yield on earning assets
  • 3.54%Cost of funding earning assets
  • 5.37%Net interest margin
  • 1.91%Noninterest income to earning assets
  • 5.35%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 5.90%Return on equity (ROE)
  • -6.94%Retained earnings to average equity (YTD only)
  • 1.60%Net charge-offs to loans
  • 114.02%Credit loss provision to net charge-offs
  • 1.78%Efficiency ratio
  • 73,579Assets per employee
  • 1.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 217.61%Loss allowance to loans
  • 1.76%Loss allowance to noncurrent loans
  • 51.65%Noncurrent assets plus other real estate owned to assets
  • 2.04%Noncurrent loans to loans
  • 3.41%Net loans and leases to deposits
  • 63.76%Net loans and leases to core deposits
  • 73.75%Equity capital to assets
  • 7.58%Core capital (leverage) ratio
  • 7.65%Tier 1 risk-based capital ratio
  • 11.65%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $38,750Average earning assets
  • $2,985Average equity
  • $35,061Average loans

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