The First State Bank in Abernathy, Texas (TX)

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The First State Bank
GeneralFDIC Certificate #: 11175
Status: Active
Federal Reserve ID: 305059
Bank Holding Company (Regulatory Top Holder): Algodon De Calidad Bancshares, Inc. (RSSDID: 3725724, Location: Abernathy, TX)
Date Established: January 01, 1909
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 7134
Numeric code: 21
Regulator: FDIC
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: Yes
Subchapter S Corporations: Yes
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: April 17, 2008
Last Data Update: April 17, 2008
Data Source Date: April 05, 2012
LocationAddress: 402 Ninth, Abernathy, TX 79311
County: Hale
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): Plainview, TX (#38380)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Change in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal assets: $29.0 mil
Equity capital: $3.0 mil
Deposits held in domestic offices: $26.0 mil
Return on assets (ROA): 1.22% ($0.4 mil)
Quarterly return on assets: 1.45% ($0.4 mil)
Return on Equity (ROE): 11.96% ($0.4 mil)
Quarterly return on equity: 13.21% ($0.4 mil)
Net income: $0.3 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.22% ($354.2 mil)
Quarterly Pretax return on assets: 1.45% ($421.0 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)8
Total assets$29,035
Cash and due from depository institutions$15,529
Interest-bearing balances$14,872
Federal funds sold & reverse repurchase agreements$2,175
Net loans & leases$9,740
Loan loss allowance $232
Trading account assets$0
Bank premises and fixed assets$628
Other real estate owned$0
Goodwill and other intangibles$22
All other assets$509
Life insurance assets$29,035
Total liabilities and capital$26,065
Total liabilities$26,001
Total deposits$13,713
Interest-bearing deposits$26,001
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $64
All other liabilities $2,970
Total equity capital$2,970
Total bank equity capital$2,970
Perpetual preferred stock$0
Common stock$500
Undivided profits $470
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 $114
Earning assets $0
Long-term assets (5+ years) $182
Average Assets, year-to-date $27,219
Average Assets, quarterly $2,330
Volatile liabilities $25,066
Insider loans $26,790
FHLB advances $13,716
Loans and leases held for sale $28,360
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,948
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,131
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,084
Total interest expense $70
Net interest income $1,014
Provision for loan and lease losses $19
Total noninterest income $320
Fiduciary activities $0
Service charges on deposit accounts $257
Trading account gains & fees $0
Additional noninterest income $63
Total noninterest expense $1,008
Salaries and employee benefits $436
Premises and equipment expense $183
Additional noninterest expense $389
Pre-tax net operating income $307
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $307
Extraordinary gains - net $0
Net income attributable to bank $307
Net charge-offs $0
Cash dividends $307
Sale, conversion, retirement of capital stock, net $22
Net operating income $209
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.67%
Cost of funding earning assets 0.30%
Net interest margin 4.37%
Noninterest income to earning assets 1.38%
Noninterest expense to earning assets 4.34%
Net operating income to assets 1.22%
Return on assets (ROA) 1.22%
Pretax return on assets 1.22%
Return on equity (ROE) 11.96%
Retained earnings to average equity (YTD only) 3.82%
Net charge-offs to loans 0.21%
Credit loss provision to net charge-offs 86.36%
Efficiency ratio14.82%
Assets per employee$75,562
Cash dividends to net income (YTD only)3.63%
Condition Ratios (%)
Loss allowance to loans 68.08%
Loss allowance to noncurrent loans 2.33%
Noncurrent assets plus other real estate owned to assets 203.51%
Noncurrent loans to loans 0.39%
Net loans and leases to deposits1.14%
Net loans and leases to core deposits 37.46%
Equity capital to assets 39.59%
Core capital (leverage) ratio 10.23%
Tier 1 risk-based capital ratio 10.39%
Total risk-based capital ratio 21.49%
Average assets$23
Average earning assets$25,066
Average equity $2,568
Average loans $23,220
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1 Texas Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07134The First State Bank402 Ninth, Abernathy, TX 79311January 01, 1909Full Service Brick and Mortar
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