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

The First National Bank of Gilmer - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 64Total employees (full-time equivalent)
  • $192,103Total assets
  • $16,036Cash and due from depository institutions
  • $11,511Interest-bearing balances
  • $48,264Securities
  • $500Federal funds sold & reverse repurchase agreements
  • $111,024Net loans & leases
  • $1,551Loan loss allowance
  • $0Trading account assets
  • $4,509Bank premises and fixed assets
  • $1,277Other real estate owned
  • $1,322Goodwill and other intangibles
  • $192,103Life insurance assets
  • $9,171All other assets
  • $169,260Total liabilities and capital
  • $166,770Total liabilities
  • $137,259Total deposits
  • $166,770Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,490Subordinated debt
  • $22,843All other liabilities
  • $22,843Total equity capital
  • $22,843Total bank equity capital
  • $0Perpetual preferred stock
  • $1,500Common stock
  • $1,500Surplus
  • $19,843Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,296Income earned, not collected on loans
  • $0Earning assets
  • $1,273Long-term assets (5+ years)
  • $171,299Average Assets, year-to-date
  • $45,686Average Assets, quarterly
  • $193,297Volatile liabilities
  • $192,076Insider loans
  • $125,066FHLB advances
  • $194,166Loans and leases held for sale
  • $4,856Unused loan commitments
  • $4,856Tier 1 (core) risk-based capital
  • $21,246Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,606Restructured Loans and leases
  • $3,579Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,314Total interest income
  • $1,284Total interest expense
  • $8,030Net interest income
  • $417Provision for loan and lease losses
  • $2,568Total noninterest income
  • $0Fiduciary activities
  • $1,357Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,211Additional noninterest income
  • $7,285Total noninterest expense
  • $3,805Salaries and employee benefits
  • $1,059Premises and equipment expense
  • $2,421Additional noninterest expense
  • $2,896Pre-tax net operating income
  • $107Securities gains (losses)
  • $0Applicable income taxes
  • $3,003Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,003Net income attributable to bank
  • $0Net charge-offs
  • $3,003Cash dividends
  • $350Sale, conversion, retirement of capital stock, net
  • $569Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 4.66%Net interest margin
  • 1.49%Noninterest income to earning assets
  • 4.23%Noninterest expense to earning assets
  • 1.50%Net operating income to assets
  • 1.55%Return on assets (ROA)
  • 1.55%Pretax return on assets
  • 13.94%Return on equity (ROE)
  • 11.30%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 119.14%Credit loss provision to net charge-offs
  • 9.47%Efficiency ratio
  • 68,305Assets per employee
  • 3.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 18.95%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 119.68%Noncurrent assets plus other real estate owned to assets
  • 1.34%Noncurrent loans to loans
  • 1.15%Net loans and leases to deposits
  • 66.57%Net loans and leases to core deposits
  • 71.79%Equity capital to assets
  • 11.89%Core capital (leverage) ratio
  • 10.94%Tier 1 risk-based capital ratio
  • 16.99%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $193,297Average earning assets
  • $21,543Average equity
  • $172,220Average loans

List of branches

  • 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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