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

This bank is inactive as of September 10, 1998

  • The First National Bank of Palestine in Palestine, Texas (TX)
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The First National Bank of Palestine - Overview

  • General
  • FDIC Certificate #: 3378
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#12368)
    Federal Reserve ID: 966861
    Date Established: January 01, 1887
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 9313
    FDIC's unique #: 2195
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 10, 1998
    Last Structure Change Process Date: October 06, 1998
    Last Data Update: October 06, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Avenue A, Palestine, TX 75801
    County: Anderson
    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
    Core Based Statistical Area (CBSA): Palestine, TX (#37300)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $93.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 41Total employees (full-time equivalent)
  • $102,980Total assets
  • $5,694Cash and due from depository institutions
  • $419Interest-bearing balances
  • $32,810Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $59,271Net loans & leases
  • $657Loan loss allowance
  • $0Trading account assets
  • $1,361Bank premises and fixed assets
  • $51Other real estate owned
  • $2,487Goodwill and other intangibles
  • $0Life insurance assets
  • $1,306All other assets
  • $102,980Total liabilities and capital
  • $90,363Total liabilities
  • $82,953Total deposits
  • $69,204Interest-bearing deposits
  • $82,953Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $6,514Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $80Other borrowed funds
  • $0Subordinated debt
  • $816All other liabilities
  • $12,617Total equity capital
  • $12,617Total bank equity capital
  • $12,617Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $10,608Undivided profits
  • Memoranda
  • $1,509Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $239Earning assets
  • $0Long-term assets (5+ years)
  • $540Average Assets, year-to-date
  • $92,500Average Assets, quarterly
  • $22,578Volatile liabilities
  • $100,172Insider loans
  • $100,858FHLB advances
  • $22,189Loans and leases held for sale
  • $1,645Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,118Total unused commitments
  • $0Restructured Loans and leases
  • $61,348Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $7,100Total interest income
  • $2,474Total interest expense
  • $4,626Net interest income
  • $295Provision for loan and lease losses
  • $951Total noninterest income
  • $0Fiduciary activities
  • $705Service charges on deposit accounts
  • $0Trading account gains & fees
  • $246Additional noninterest income
  • $3,279Total noninterest expense
  • $1,660Salaries and employee benefits
  • $359Premises and equipment expense
  • $1,260Additional noninterest expense
  • $2,003Pre-tax net operating income
  • -$4Securities gains (losses)
  • $686Applicable income taxes
  • $1,313Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,313Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $66Sale, conversion, retirement of capital stock, net
  • $700Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.98%Yield on earning assets
  • 2.78%Cost of funding earning assets
  • 5.20%Net interest margin
  • 1.07%Noninterest income to earning assets
  • 3.69%Noninterest expense to earning assets
  • 1.31%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 2.00%Pretax return on assets
  • 10.75%Return on equity (ROE)
  • 5.02%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 446.97%Credit loss provision to net charge-offs
  • 34.82%Efficiency ratio
  • 54,940Assets per employee
  • 2.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.31%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 274.90%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 71.45%Net loans and leases to core deposits
  • 88.10%Equity capital to assets
  • 12.25%Core capital (leverage) ratio
  • 10.18%Tier 1 risk-based capital ratio
  • 16.33%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $100,172Average earning assets
  • $12,209Average equity
  • $88,933Average loans

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