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

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The First National Bank of Gilmer routing number info

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The First National Bank of Gilmer
GeneralFDIC Certificate #: 3218
Status: Active
Federal Reserve ID: 445955
Bank Holding Company (Regulatory Top Holder): First Gilmer Bankshares, Inc. (RSSDID: 1246515, Location: Gilmer, TX)
Date Established: April 13, 1900
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: 8 (Domestic: 5, Interstate: No)
FDIC's unique #: 2074
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: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 01, 2012
Last Structure Change Process Date: January 04, 2012
Last Data Update: January 04, 2012
Data Source Date: April 05, 2012
LocationAddress: 201 North Wood Street, Gilmer, TX 75644
County: Upshur
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): Longview-Marshall, TX (#4420)
Combined Statistical Area (CSA): Longview-Marshall, TX (#346)
Core Based Statistical Area (CBSA): Longview, TX (#30980)
CBSA Metro Statistical Area: Longview, TX (#30980)
History of ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $192.1 mil
Equity capital: $22.8 mil
Deposits held in domestic offices: $166.8 mil
Return on assets (ROA): 1.55% ($3.0 mil)
Quarterly return on assets: 1.73% ($3.3 mil)
Return on Equity (ROE): 13.94% ($3.2 mil)
Quarterly return on equity: 14.83% ($3.4 mil)
Net income: $3.0 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.55% ($2,977.6 mil)
Quarterly Pretax return on assets: 1.73% ($3,323.4 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)64
Total assets$192,103
Cash and due from depository institutions$16,036
Interest-bearing balances$11,511
Federal funds sold & reverse repurchase agreements$500
Net loans & leases$111,024
Loan loss allowance $1,551
Trading account assets$0
Bank premises and fixed assets$4,509
Other real estate owned$1,277
Goodwill and other intangibles$1,322
All other assets$9,171
Life insurance assets$192,103
Total liabilities and capital$169,260
Total liabilities$166,770
Total deposits$137,259
Interest-bearing deposits$166,770
Deposits held in domestic offices$84
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,490
All other liabilities $22,843
Total equity capital$22,843
Total bank equity capital$22,843
Perpetual preferred stock$0
Common stock$1,500
Undivided profits $19,843
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 $1,296
Earning assets $0
Long-term assets (5+ years) $1,273
Average Assets, year-to-date $171,299
Average Assets, quarterly $45,686
Volatile liabilities $193,297
Insider loans $192,076
FHLB advances $125,066
Loans and leases held for sale $194,166
Unused loan commitments $4,856
Tier 1 (core) risk-based capital $4,856
Tier 2 risk-based capital $21,246
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,606
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,314
Total interest expense $1,284
Net interest income $8,030
Provision for loan and lease losses $417
Total noninterest income $2,568
Fiduciary activities $0
Service charges on deposit accounts $1,357
Trading account gains & fees $0
Additional noninterest income $1,211
Total noninterest expense $7,285
Salaries and employee benefits $3,805
Premises and equipment expense $1,059
Additional noninterest expense $2,421
Pre-tax net operating income $2,896
Securities gains (losses) $107
Applicable income taxes $0
Income before extraordinary items $3,003
Extraordinary gains - net $0
Net income attributable to bank $3,003
Net charge-offs $0
Cash dividends $3,003
Sale, conversion, retirement of capital stock, net $350
Net operating income $569
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.41%
Cost of funding earning assets 0.75%
Net interest margin 4.66%
Noninterest income to earning assets 1.49%
Noninterest expense to earning assets 4.23%
Net operating income to assets 1.50%
Return on assets (ROA) 1.55%
Pretax return on assets 1.55%
Return on equity (ROE) 13.94%
Retained earnings to average equity (YTD only) 11.30%
Net charge-offs to loans 0.31%
Credit loss provision to net charge-offs 119.14%
Efficiency ratio9.47%
Assets per employee$68,305
Cash dividends to net income (YTD only)3.00%
Condition Ratios (%)
Loss allowance to loans 18.95%
Loss allowance to noncurrent loans 1.38%
Noncurrent assets plus other real estate owned to assets 119.68%
Noncurrent loans to loans 1.34%
Net loans and leases to deposits1.15%
Net loans and leases to core deposits 66.57%
Equity capital to assets 71.79%
Core capital (leverage) ratio 11.89%
Tier 1 risk-based capital ratio 10.94%
Total risk-based capital ratio 16.99%
Average assets$18
Average earning assets$193,297
Average equity $21,543
Average loans $172,220
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8 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02074The First National Bank Of Gilmer201 North Wood Street, Gilmer, TX 75644April 13, 1900Full Service Brick and Mortar
1196178Wal-Mart Super Center Branch1923 North Wood Street On Highway 271, Gilmer, TX 75644January 29, 1997Full Service Retail
2196179Big Sandy Branch910 West Broadway, Big Sandy, TX 75755Febuary 09, 2000Full Service Brick and Mortar
3457906Mount Vernon Branch824 Highway 37 South, Mount Vernon, TX 75457November 01, 2006Full Service Brick and Mortar
4439879Fnb Pittsburg Branch1896 Hwy. 271 North, Pittsburg, TX 75686March 31, 2005Full Service Brick and Mortar
516594Wood County National Bank Branch417 South Main, Quitman, TX 75783Febuary 19, 1982Full Service Brick and Mortar
6256676Mineola BranchNorthwest Corner Of Highway 37 And Loop 564, Mineola, TX 75773April 04, 1995Full Service Brick and Mortar
7256677Lake Country Branch1947 Fm 2946, Emory, TX 75440June 30, 1999Full Service Brick and Mortar
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