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



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The First National Bank of Palestine
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)41
Total assets$102,980
Cash and due from depository institutions$5,694
Interest-bearing balances$419
Securities$32,810
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$59,271
Loan loss allowance $657
Trading account assets$0
Bank premises and fixed assets$1,361
Other real estate owned$51
Goodwill and other intangibles$2,487
All other assets$1,306
Life insurance assets$0
Total liabilities and capital$102,980
Total liabilities$90,363
Total deposits$82,953
Interest-bearing deposits$69,204
Deposits held in domestic offices$82,953
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $6,514
Trading liabilities$0
Other borrowed funds $80
Subordinated debt $0
All other liabilities $816
Total equity capital$12,617
Total bank equity capital$12,617
Perpetual preferred stock$12,617
Common stock$0
Surplus$500
Undivided profits $10,608
Memoranda
Noncurrent loans and leases $1,509
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $239
Long-term assets (5+ years) $0
Average Assets, year-to-date $540
Average Assets, quarterly $92,500
Volatile liabilities $22,578
Insider loans $100,172
FHLB advances $100,858
Loans and leases held for sale $22,189
Unused loan commitments $1,645
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $5,118
Restructured Loans and leases $0
Derivatives$61,348
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $7,100
Total interest expense $2,474
Net interest income $4,626
Provision for loan and lease losses $295
Total noninterest income $951
Fiduciary activities $0
Service charges on deposit accounts $705
Trading account gains & fees $0
Additional noninterest income $246
Total noninterest expense $3,279
Salaries and employee benefits $1,660
Premises and equipment expense $359
Additional noninterest expense $1,260
Pre-tax net operating income $2,003
Securities gains (losses) -$4
Applicable income taxes $686
Income before extraordinary items $1,313
Extraordinary gains - net $0
Net income attributable to bank $1,313
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $66
Net operating income $700
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.98%
Cost of funding earning assets 2.78%
Net interest margin 5.20%
Noninterest income to earning assets 1.07%
Noninterest expense to earning assets 3.69%
Net operating income to assets 1.31%
Return on assets (ROA) 1.31%
Pretax return on assets 2.00%
Return on equity (ROE) 10.75%
Retained earnings to average equity (YTD only) 5.02%
Net charge-offs to loans 0.12%
Credit loss provision to net charge-offs 446.97%
Efficiency ratio34.82%
Assets per employee$54,940
Cash dividends to net income (YTD only)2.51%
Condition Ratios (%)
Loss allowance to loans 53.31%
Loss allowance to noncurrent loans 1.10%
Noncurrent assets plus other real estate owned to assets 274.90%
Noncurrent loans to loans 0.28%
Net loans and leases to deposits0.40%
Net loans and leases to core deposits 71.45%
Equity capital to assets 88.10%
Core capital (leverage) ratio 12.25%
Tier 1 risk-based capital ratio 10.18%
Total risk-based capital ratio 16.33%
Memoranda
Average assets$17
Average earning assets$100,172
Average equity $12,209
Average loans $88,933
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