The First National Bank of Canton in Canton, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank of Canton - Overview

  • General
  • FDIC Certificate #: 3130
    Status: Active
    Federal Reserve ID: 730857
    Date Established: January 01, 1905
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 2003
    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: Mortgage 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: 231 East Tyler Street, Canton, TX 75103
    County: Van Zandt
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $119.5 mil
    Equity capital: $10.9 mil
    Deposits held in domestic offices: $108.2 mil
    Return on assets (ROA): 1.16% ($1.4 mil)
    Quarterly return on assets: 0.94% ($1.1 mil)
    Return on Equity (ROE): 12.26% ($1.3 mil)
    Quarterly return on equity: 10.14% ($1.1 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.16% ($1,385.7 mil)
    Quarterly Pretax return on assets: 0.94% ($1,122.9 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
  • 32Total employees (full-time equivalent)
  • $119,461Total assets
  • $14,537Cash and due from depository institutions
  • $11,833Interest-bearing balances
  • $37,245Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $61,126Net loans & leases
  • $715Loan loss allowance
  • $0Trading account assets
  • $3,425Bank premises and fixed assets
  • $2,152Other real estate owned
  • $0Goodwill and other intangibles
  • $119,462Life insurance assets
  • $976All other assets
  • $108,519Total liabilities and capital
  • $108,183Total liabilities
  • $79,684Total deposits
  • $108,183Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $336Subordinated debt
  • $10,943All other liabilities
  • $10,943Total equity capital
  • $10,943Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $200Surplus
  • $10,693Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $139Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11Income earned, not collected on loans
  • $0Earning assets
  • $418Long-term assets (5+ years)
  • $110,204Average Assets, year-to-date
  • $39,531Average Assets, quarterly
  • $113,224Volatile liabilities
  • $119,526Insider loans
  • $64,942FHLB advances
  • $119,992Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,610Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,599Restructured Loans and leases
  • $1,301Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,591Total interest income
  • $695Total interest expense
  • $3,896Net interest income
  • $120Provision for loan and lease losses
  • $742Total noninterest income
  • $0Fiduciary activities
  • $396Service charges on deposit accounts
  • $0Trading account gains & fees
  • $346Additional noninterest income
  • $3,209Total noninterest expense
  • $1,317Salaries and employee benefits
  • $591Premises and equipment expense
  • $1,301Additional noninterest expense
  • $1,309Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,309Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,309Net income attributable to bank
  • $0Net charge-offs
  • $1,309Cash dividends
  • $95Sale, conversion, retirement of capital stock, net
  • $798Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.45%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 3.78%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.16%Pretax return on assets
  • 12.26%Return on equity (ROE)
  • 4.79%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 126.32%Credit loss provision to net charge-offs
  • 15.04%Efficiency ratio
  • 69,189Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.96%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 6500.00%Noncurrent assets plus other real estate owned to assets
  • 1.81%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 56.50%Net loans and leases to core deposits
  • 56.96%Equity capital to assets
  • 9.16%Core capital (leverage) ratio
  • 8.84%Tier 1 risk-based capital ratio
  • 16.34%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $113,224Average earning assets
  • $10,676Average equity
  • $103,072Average loans

List of branches

  • 3 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02003The First National Bank Of Canton231 East Tyler Street, Canton, TX 75103January 01, 1905Full Service Brick and Mortar
    1196093Highway 243 Motor Branch330 East Highway 243, Canton, TX 75103March 31, 1997Limited Service Facility
    2465806The First National Bank Of Forney A648 Ridgecrest Road, Forney, TX 75126August 01, 2006Full Service Brick and Mortar

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