The First National Bank of Atlanta in Atlanta, Texas (TX)



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The First National Bank of Atlanta
GeneralFDIC Certificate #: 3081
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The First National Bank of Hughes Springs (#3268)
Federal Reserve ID: 143756
Date Established: January 01, 1893
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 1962
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 03, 1994
Last Structure Change Process Date: January 24, 1994
Last Data Update: January 24, 1994
Data Source Date: April 05, 2012
LocationAddress: 220 North Louise, Atlanta, TX 75551
County: Cass
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
Financial SummaryTotal assets: $39.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$23
Cash and due from depository institutions$39,746
Interest-bearing balances$2,732
Securities$0
Federal funds sold & reverse repurchase agreements$19,542
Net loans & leases$5,750
Loan loss allowance $10,504
Trading account assets$197
Bank premises and fixed assets$0
Other real estate owned$529
Goodwill and other intangibles$233
All other assets$0
Life insurance assets$456
Total liabilities and capital$0
Total liabilities$39,746
Total deposits$35,248
Interest-bearing deposits$35,130
Deposits held in domestic offices$29,862
% insured (estimated)35130.00%
Federal funds purchased & repurchase agreements $92
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$118
Total bank equity capital$118
Perpetual preferred stock$4,498
Common stock$0
Surplus$469
Undivided profits $657
Memoranda
Noncurrent loans and leases $3,372
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $164
Earning assets $133
Long-term assets (5+ years) $35,796
Average Assets, year-to-date $622
Average Assets, quarterly $41,231
Volatile liabilities $39,960
Insider loans $3,302
FHLB advances $438
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $4,498
Total unused commitments $15,175
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $2,394
Net interest income $994
Provision for loan and lease losses $1,400
Total noninterest income -$50
Fiduciary activities $336
Service charges on deposit accounts $0
Trading account gains & fees $228
Additional noninterest income $0
Total noninterest expense $108
Salaries and employee benefits $1,275
Premises and equipment expense $563
Additional noninterest expense $113
Pre-tax net operating income $599
Securities gains (losses) $511
Applicable income taxes $62
Income before extraordinary items $147
Extraordinary gains - net $426
Net income attributable to bank $0
Net charge-offs $426
Cash dividends -$14
Sale, conversion, retirement of capital stock, net $100
Net operating income $0
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 6.44%
Net interest margin 2.67%
Noninterest income to earning assets 3.77%
Noninterest expense to earning assets 0.90%
Net operating income to assets 3.43%
Return on assets (ROA) 0.92%
Pretax return on assets 1.03%
Return on equity (ROE) 1.39%
Retained earnings to average equity (YTD only) 9.85%
Net charge-offs to loans 7.54%
Credit loss provision to net charge-offs -0.13%
Efficiency ratio357.14%
Assets per employee$73,445
Cash dividends to net income (YTD only)1.73%
Condition Ratios (%)
Loss allowance to loans 23.47%
Loss allowance to noncurrent loans 1.84%
Noncurrent assets plus other real estate owned to assets 120.12%
Noncurrent loans to loans 1.00%
Net loans and leases to deposits1.53%
Net loans and leases to core deposits 29.90%
Equity capital to assets 33.00%
Core capital (leverage) ratio 11.32%
Tier 1 risk-based capital ratio 11.24%
Total risk-based capital ratio 29.64%
Memoranda
Average assets$31
Average earning assets$41,231
Average equity $4,323
Average loans $37,174
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