The First State Bank in Abernathy, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The First State Bank in Abernathy, Texas (TX)
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The First State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total 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
  • 8Total employees (full-time equivalent)
  • $29,035Total assets
  • $15,529Cash and due from depository institutions
  • $14,872Interest-bearing balances
  • $432Securities
  • $2,175Federal funds sold & reverse repurchase agreements
  • $9,740Net loans & leases
  • $232Loan loss allowance
  • $0Trading account assets
  • $628Bank premises and fixed assets
  • $0Other real estate owned
  • $22Goodwill and other intangibles
  • $29,035Life insurance assets
  • $509All other assets
  • $26,065Total liabilities and capital
  • $26,001Total liabilities
  • $13,713Total deposits
  • $26,001Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $64Subordinated debt
  • $2,970All other liabilities
  • $2,970Total equity capital
  • $2,970Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $2,000Surplus
  • $470Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $114Income earned, not collected on loans
  • $0Earning assets
  • $182Long-term assets (5+ years)
  • $27,219Average Assets, year-to-date
  • $2,330Average Assets, quarterly
  • $25,066Volatile liabilities
  • $26,790Insider loans
  • $13,716FHLB advances
  • $28,360Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,948Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,131Restructured Loans and leases
  • $453Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,084Total interest income
  • $70Total interest expense
  • $1,014Net interest income
  • $19Provision for loan and lease losses
  • $320Total noninterest income
  • $0Fiduciary activities
  • $257Service charges on deposit accounts
  • $0Trading account gains & fees
  • $63Additional noninterest income
  • $1,008Total noninterest expense
  • $436Salaries and employee benefits
  • $183Premises and equipment expense
  • $389Additional noninterest expense
  • $307Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $307Income before extraordinary items
  • $0Extraordinary gains - net
  • $307Net income attributable to bank
  • $0Net charge-offs
  • $307Cash dividends
  • $22Sale, conversion, retirement of capital stock, net
  • $209Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.67%Yield on earning assets
  • 0.30%Cost of funding earning assets
  • 4.37%Net interest margin
  • 1.38%Noninterest income to earning assets
  • 4.34%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 11.96%Return on equity (ROE)
  • 3.82%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 86.36%Credit loss provision to net charge-offs
  • 14.82%Efficiency ratio
  • 75,562Assets per employee
  • 3.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.08%Loss allowance to loans
  • 2.33%Loss allowance to noncurrent loans
  • 203.51%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 1.14%Net loans and leases to deposits
  • 37.46%Net loans and leases to core deposits
  • 39.59%Equity capital to assets
  • 10.23%Core capital (leverage) ratio
  • 10.39%Tier 1 risk-based capital ratio
  • 21.49%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $25,066Average earning assets
  • $2,568Average equity
  • $23,220Average loans

List of branches

  • 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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