The First National Bank of Hughes Springs in Hughes Springs, Texas (TX)
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| The First National Bank of Hughes Springs | |
|---|---|
| General | FDIC Certificate #: 3268 Status: Active Federal Reserve ID: 849357 Bank Holding Company (Regulatory Top Holder): Chalybeate Springs Corporation (RSSDID: 1838068, Location: Hughes Springs, TX) Date Established: June 03, 1903 WWW: http://www.fnbhs.com 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: 11 (Domestic: 9, Interstate: No) OTS Docket #: 10026 FDIC's unique #: 2110 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: Febuary 07, 2012 Last Data Update: Febuary 07, 2012 Data Source Date: April 05, 2012 |
| Location | Address: 418 East First Street, Hughes Springs, TX 75656 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 |
| History of Changes | Office Purchased |
| Financial Summary | Total assets: $186.5 mil Equity capital: $28.4 mil Deposits held in domestic offices: $153.7 mil Return on assets (ROA): 2.36% ($4.4 mil) Quarterly return on assets: 2.71% ($5.0 mil) Return on Equity (ROE): 18.65% ($5.2 mil) Quarterly return on equity: 18.23% ($5.1 mil) Net income: $4.4 mil Quarterly Net income: $1.2 mil Pretax return on assets: 2.36% ($4,400.2 mil) Quarterly Pretax return on assets: 2.71% ($5,052.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 82 |
| Total assets | $186,451 |
| Cash and due from depository institutions | $6,927 |
| Interest-bearing balances | $1,722 |
| Securities | $57,752 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $109,392 |
| Loan loss allowance | $1,745 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,125 |
| Other real estate owned | $413 |
| Goodwill and other intangibles | $176 |
| All other assets | $8,666 |
| Life insurance assets | $186,451 |
| Total liabilities and capital | $158,081 |
| Total liabilities | $153,736 |
| Total deposits | $140,939 |
| Interest-bearing deposits | $153,736 |
| Deposits held in domestic offices | $82 |
| % insured (estimated) | 4175.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $170 |
| All other liabilities | $28,370 |
| Total equity capital | $28,370 |
| Total bank equity capital | $28,370 |
| Perpetual preferred stock | $0 |
| Common stock | $455 |
| Surplus | $9,639 |
| Undivided profits | $18,276 |
| Memoranda | |
| 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 | $804 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,428 |
| Average Assets, year-to-date | $168,866 |
| Average Assets, quarterly | $62,519 |
| Volatile liabilities | $187,903 |
| Insider loans | $184,076 |
| FHLB advances | $117,869 |
| Loans and leases held for sale | $184,247 |
| Unused loan commitments | $6,263 |
| Tier 1 (core) risk-based capital | $6,263 |
| Tier 2 risk-based capital | $25,346 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $5,727 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $9,385 |
| Total interest expense | $521 |
| Net interest income | $8,864 |
| Provision for loan and lease losses | $13 |
| Total noninterest income | $1,260 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $617 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $643 |
| Total noninterest expense | $5,676 |
| Salaries and employee benefits | $3,773 |
| Premises and equipment expense | $626 |
| Additional noninterest expense | $1,277 |
| Pre-tax net operating income | $4,435 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $4,435 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $4,435 |
| Net charge-offs | $0 |
| Cash dividends | $4,435 |
| Sale, conversion, retirement of capital stock, net | -$219 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.50% |
| Cost of funding earning assets | 0.31% |
| Net interest margin | 5.19% |
| Noninterest income to earning assets | 0.74% |
| Noninterest expense to earning assets | 3.32% |
| Net operating income to assets | 2.36% |
| Return on assets (ROA) | 2.36% |
| Pretax return on assets | 2.36% |
| Return on equity (ROE) | 18.65% |
| Retained earnings to average equity (YTD only) | 18.65% |
| Net charge-offs to loans | -0.21% |
| Credit loss provision to net charge-offs | -5.94% |
| Efficiency ratio | 0.00% |
| Assets per employee | $55,877 |
| Cash dividends to net income (YTD only) | 2.27% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.57% |
| Noncurrent assets plus other real estate owned to assets | 217.04% |
| Noncurrent loans to loans | 0.65% |
| Net loans and leases to deposits | 0.72% |
| Net loans and leases to core deposits | 71.16% |
| Equity capital to assets | 76.96% |
| Core capital (leverage) ratio | 15.22% |
| Tier 1 risk-based capital ratio | 13.76% |
| Total risk-based capital ratio | 21.50% |
| Memoranda | |
| Average assets | $23 |
| Average earning assets | $187,903 |
| Average equity | $23,786 |
| Average loans | $170,719 |
| 11 Texas Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 2110 | The First National Bank Of Hughes Sp | 418 East First Street, Hughes Springs, TX 75656 | June 03, 1903 | Full Service Brick and Mortar |  |
| 1 | 16154 | Liberty City Branch | F.M. 1252 And F.M. 3054, Liberty City, TX 75662 | March 06, 1980 | Full Service Brick and Mortar |  |
| 2 | 5761 | Omaha Branch | 200 Big League Bend, Omaha, TX 75571 | December 20, 1927 | Full Service Brick and Mortar | |
| 3 | 1962 | Atlanta Branch | 205 North Louise, Atlanta, TX 75551 | January 01, 1893 | Full Service Brick and Mortar | |
| 4 | 196249 | Daingerfield Branch | 706 Linda Drive, Daingerfield, TX 75638 | September 18, 1995 | Full Service Brick and Mortar | |
| 5 | 196250 | Atlanta-Queen City Drive-In | 305 Sthy 59, Queen City, TX 75572 | January 03, 1994 | Limited Service Facility | |
| 6 | 11015 | Jefferson Branch | 202 North Polk Street, Jefferson, TX 75657 | August 28, 1950 | Full Service Brick and Mortar | |
| 7 | 452377 | Harleton Branch | 17045 State Hwy 154, Harleton, TX 75651 | January 01, 2006 | Full Service Brick and Mortar | |
| 8 | 492507 | Winona Branch | 315 North Main, Winona, TX 75792 | May 26, 2009 | Full Service Brick and Mortar | |
| 9 | 16716 | Redwater Branch | 1113 Redwater Blvd. West, Redwater, TX 75573 | July 30, 1982 | Full Service Brick and Mortar | |
| 10 | 256840 | Maud Branch | 406 Broadway, Maud, TX 75567 | July 05, 1988 | Full Service Brick and Mortar | |
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