The First National Bank of Sterling City in Sterling City, Texas (TX)

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The First National Bank of Sterling City routing number info

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The First National Bank of Sterling City
GeneralFDIC Certificate #: 5538
Status: Active
Federal Reserve ID: 411062
Bank Holding Company (Regulatory Top Holder): Sterling City Bancshares, Inc. (RSSDID: 2940810, Location: Sterling City, TX)
Date Established: August 02, 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 #: 3763
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: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 02, 2010
Last Structure Change Process Date: June 02, 2010
Last Data Update: June 02, 2010
Data Source Date: April 05, 2012
LocationAddress: 602 4th St, Sterling City, TX 76951
County: Sterling
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 ChangesChange in Location
Financial SummaryTotal assets: $112.5 mil
Equity capital: $10.1 mil
Deposits held in domestic offices: $102.3 mil
Return on assets (ROA): 1.17% ($1.3 mil)
Quarterly return on assets: 1.14% ($1.3 mil)
Return on Equity (ROE): 11.23% ($1.1 mil)
Quarterly return on equity: 11.68% ($1.2 mil)
Net income: $1.1 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.17% ($1,316.3 mil)
Quarterly Pretax return on assets: 1.14% ($1,282.5 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)
Total employees (full-time equivalent)21
Total assets$112,504
Cash and due from depository institutions$24,607
Interest-bearing balances$22,520
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$24,655
Loan loss allowance $332
Trading account assets$0
Bank premises and fixed assets$1,742
Other real estate owned$0
Goodwill and other intangibles$425
All other assets$1,118
Life insurance assets$112,504
Total liabilities and capital$102,365
Total liabilities$102,312
Total deposits$69,353
Interest-bearing deposits$102,312
Deposits held in domestic offices$77
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $53
All other liabilities $10,139
Total equity capital$10,139
Total bank equity capital$10,139
Perpetual preferred stock$0
Common stock$400
Undivided profits $9,339
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 $384
Earning assets $0
Long-term assets (5+ years) $667
Average Assets, year-to-date $107,132
Average Assets, quarterly $40,999
Volatile liabilities $95,638
Insider loans $106,801
FHLB advances $37,108
Loans and leases held for sale $104,154
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,097
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,209
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,437
Total interest expense $187
Net interest income $3,250
Provision for loan and lease losses $0
Total noninterest income $389
Fiduciary activities $0
Service charges on deposit accounts $251
Trading account gains & fees $0
Additional noninterest income $138
Total noninterest expense $2,527
Salaries and employee benefits $1,448
Premises and equipment expense $340
Additional noninterest expense $739
Pre-tax net operating income $1,112
Securities gains (losses) $10
Applicable income taxes $0
Income before extraordinary items $1,122
Extraordinary gains - net $0
Net income attributable to bank $1,122
Net charge-offs $0
Cash dividends $1,122
Sale, conversion, retirement of capital stock, net -$73
Net operating income $650
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.81%
Cost of funding earning assets 0.21%
Net interest margin 3.60%
Noninterest income to earning assets 0.43%
Noninterest expense to earning assets 2.80%
Net operating income to assets 1.16%
Return on assets (ROA) 1.17%
Pretax return on assets 1.17%
Return on equity (ROE) 11.23%
Retained earnings to average equity (YTD only) 4.73%
Net charge-offs to loans -0.28%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$69,442
Cash dividends to net income (YTD only)5.36%
Condition Ratios (%)
Loss allowance to loans 57.93%
Loss allowance to noncurrent loans 1.33%
Noncurrent assets plus other real estate owned to assets 86.46%
Noncurrent loans to loans 0.34%
Net loans and leases to deposits1.54%
Net loans and leases to core deposits 24.10%
Equity capital to assets 26.00%
Core capital (leverage) ratio 9.01%
Tier 1 risk-based capital ratio 7.77%
Total risk-based capital ratio 21.82%
Average assets$23
Average earning assets$95,638
Average equity $9,987
Average loans $90,304
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3 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03763The First National Bank Of Sterling602 4th St, Sterling City, TX 76951August 02, 1910Full Service Brick and Mortar
1207805Glasscock County BranchHighway 33 And Bearkat Road, Garden City, TX 79739September 01, 1992Full Service Brick and Mortar
21989Bronte Branch102 West Main Street, Bronte, TX 76933January 01, 1906Full Service Brick and Mortar
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