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

The First National Bank of Mertzon - Overview

  • General
  • FDIC Certificate #: 3339
    Status: Active
    Federal Reserve ID: 500256
    Date Established: January 01, 1910
    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 #: 2161
    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: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    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: Main And Broadway, Mertzon, TX 76941
    County: Irion
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): San Angelo, TX (#41660)
    CBSA Metro Statistical Area: San Angelo, TX (#41660)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $260.5 mil
    Equity capital: $17.7 mil
    Deposits held in domestic offices: $242.6 mil
    Return on assets (ROA): 0.56% ($1.5 mil)
    Quarterly return on assets: 0.20% ($0.5 mil)
    Return on Equity (ROE): 7.02% ($1.3 mil)
    Quarterly return on equity: 2.70% ($0.5 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.66% ($1,719.1 mil)
    Quarterly Pretax return on assets: 0.25% ($651.2 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)
  • $260,466Total assets
  • $88,317Cash and due from depository institutions
  • $79,731Interest-bearing balances
  • $127,017Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $42,057Net loans & leases
  • $878Loan loss allowance
  • $0Trading account assets
  • $1,472Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $260,466Life insurance assets
  • $1,603All other assets
  • $242,759Total liabilities and capital
  • $242,625Total liabilities
  • $180,725Total deposits
  • $242,625Interest-bearing deposits
  • $52Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $134Subordinated debt
  • $17,707All other liabilities
  • $17,707Total equity capital
  • $17,707Total bank equity capital
  • $0Perpetual preferred stock
  • $466Common stock
  • $1,081Surplus
  • $16,160Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $812Long-term assets (5+ years)
  • $248,805Average Assets, year-to-date
  • $7,557Average Assets, quarterly
  • $218,485Volatile liabilities
  • $243,332Insider loans
  • $67,421FHLB advances
  • $235,960Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,707Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,623Restructured Loans and leases
  • $160Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,027Total interest income
  • $488Total interest expense
  • $4,539Net interest income
  • $70Provision for loan and lease losses
  • $362Total noninterest income
  • $0Fiduciary activities
  • $283Service charges on deposit accounts
  • $0Trading account gains & fees
  • $79Additional noninterest income
  • $3,398Total noninterest expense
  • $1,841Salaries and employee benefits
  • $637Premises and equipment expense
  • $920Additional noninterest expense
  • $1,433Pre-tax net operating income
  • $0Securities gains (losses)
  • $216Applicable income taxes
  • $1,217Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,217Net income attributable to bank
  • $0Net charge-offs
  • $1,217Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $233Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.43%Yield on earning assets
  • 0.24%Cost of funding earning assets
  • 2.19%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 1.64%Noninterest expense to earning assets
  • 0.56%Net operating income to assets
  • 0.56%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 7.02%Return on equity (ROE)
  • 5.68%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 700.00%Credit loss provision to net charge-offs
  • 150.30%Efficiency ratio
  • 69,333Assets per employee
  • 8.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.15%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 17.33%Net loans and leases to core deposits
  • 18.87%Equity capital to assets
  • 6.80%Core capital (leverage) ratio
  • 7.50%Tier 1 risk-based capital ratio
  • 26.26%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $218,485Average earning assets
  • $17,337Average equity
  • $207,189Average loans

List of branches

  • 3 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02161The First National Bank Of MertzonMain And Broadway, Mertzon, TX 76941January 01, 1910Full Service Brick and Mortar
    1196359Tom Green Branch230 West Twohig Avenue, San Angelo, TX 76903August 25, 1989Full Service Brick and Mortar
    2196360First National Bank Of Mertzon3399 Knickerbocker Rd, San Angelo, TX 76904December 01, 1998Full Service Brick and Mortar

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