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

The First National Bank of Quitaque - Overview

  • General
  • FDIC Certificate #: 3401
    Status: Active
    Federal Reserve ID: 644963
    Bank Holding Company (Regulatory Top Holder): Quitaque National Corporation (RSSDID: 3141034, Location: Quitaque, TX)
    Date Established: August 20, 1920
    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: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 2215
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    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 First Streets, Quitaque, TX 79255
    County: Briscoe
    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
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $49.4 mil
    Equity capital: $7.0 mil
    Deposits held in domestic offices: $42.0 mil
    Return on assets (ROA): 0.64% ($0.3 mil)
    Quarterly return on assets: 0.64% ($0.3 mil)
    Return on Equity (ROE): 4.35% ($0.3 mil)
    Quarterly return on equity: 4.45% ($0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.75% ($370.4 mil)
    Quarterly Pretax return on assets: 0.86% ($424.7 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
  • 10Total employees (full-time equivalent)
  • $49,389Total assets
  • $19,530Cash and due from depository institutions
  • $17,943Interest-bearing balances
  • $12,373Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $15,183Net loans & leases
  • $210Loan loss allowance
  • $0Trading account assets
  • $115Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $49,389Life insurance assets
  • $2,188All other assets
  • $42,409Total liabilities and capital
  • $42,000Total liabilities
  • $30,083Total deposits
  • $42,000Interest-bearing deposits
  • $67Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $409Subordinated debt
  • $6,980All other liabilities
  • $6,980Total equity capital
  • $6,980Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $150Surplus
  • $6,780Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $37Income earned, not collected on loans
  • $0Earning assets
  • $351Long-term assets (5+ years)
  • $45,499Average Assets, year-to-date
  • $790Average Assets, quarterly
  • $47,070Volatile liabilities
  • $48,622Insider loans
  • $19,774FHLB advances
  • $49,398Loans and leases held for sale
  • $1,419Unused loan commitments
  • $1,419Tier 1 (core) risk-based capital
  • $6,877Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,865Restructured Loans and leases
  • $2Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,466Total interest income
  • $185Total interest expense
  • $1,281Net interest income
  • $0Provision for loan and lease losses
  • $372Total noninterest income
  • $0Fiduciary activities
  • $267Service charges on deposit accounts
  • $0Trading account gains & fees
  • $105Additional noninterest income
  • $1,302Total noninterest expense
  • $809Salaries and employee benefits
  • $99Premises and equipment expense
  • $394Additional noninterest expense
  • $351Pre-tax net operating income
  • $0Securities gains (losses)
  • $51Applicable income taxes
  • $300Income before extraordinary items
  • $0Extraordinary gains - net
  • $300Net income attributable to bank
  • $0Net charge-offs
  • $300Cash dividends
  • -$3Sale, conversion, retirement of capital stock, net
  • $100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.38%Yield on earning assets
  • 0.43%Cost of funding earning assets
  • 2.95%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 3.00%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 4.35%Return on equity (ROE)
  • 2.90%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 78,766Assets per employee
  • 4.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.33%Loss allowance to loans
  • 1.36%Loss allowance to noncurrent loans
  • 567.57%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 36.15%Net loans and leases to core deposits
  • 36.15%Equity capital to assets
  • 14.13%Core capital (leverage) ratio
  • 13.92%Tier 1 risk-based capital ratio
  • 34.78%Total risk-based capital ratio
  • Memoranda
  • $36Average assets
  • $47,070Average earning assets
  • $6,897Average equity
  • $43,368Average loans

List of branches

  • 1 Texas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02215The First National Bank Of QuitaqueMain And First Streets, Quitaque, TX 79255August 20, 1920Full Service Brick and Mortar

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