The First State Bank in Avinger, Texas (TX)

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The First State Bank
GeneralFDIC Certificate #: 12314
Status: Active
Federal Reserve ID: 196257
Bank Holding Company (Regulatory Top Holder): East Texas Bancorp, Inc. (RSSDID: 2475590, Location: Longview, 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 #: 7829
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending 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
LocationAddress: Highways 155 And 49, Avinger, TX 75630
County: Cass
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $19.2 mil
Equity capital: $1.6 mil
Deposits held in domestic offices: $17.4 mil
Return on assets (ROA): 1.42% ($0.3 mil)
Quarterly return on assets: 1.63% ($0.3 mil)
Return on Equity (ROE): 18.27% ($0.4 mil)
Quarterly return on equity: 20.32% ($0.4 mil)
Net income: $0.3 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.42% ($272.4 mil)
Quarterly Pretax return on assets: 1.63% ($312.7 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)
Total employees (full-time equivalent)4
Total assets$19,184
Cash and due from depository institutions$7,935
Interest-bearing balances$7,473
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$10,748
Loan loss allowance $233
Trading account assets$0
Bank premises and fixed assets$80
Other real estate owned$29
Goodwill and other intangibles$0
All other assets$392
Life insurance assets$19,184
Total liabilities and capital$17,546
Total liabilities$17,368
Total deposits$15,511
Interest-bearing deposits$17,368
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$150
Other borrowed funds $0
Subordinated debt $28
All other liabilities $1,638
Total equity capital$1,638
Total bank equity capital$1,638
Perpetual preferred stock$0
Common stock$140
Undivided profits $738
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 $0
Earning assets $0
Long-term assets (5+ years) $51
Average Assets, year-to-date $18,221
Average Assets, quarterly $3,006
Volatile liabilities $21,156
Insider loans $20,339
FHLB advances $10,951
Loans and leases held for sale $20,415
Unused loan commitments $14
Tier 1 (core) risk-based capital $14
Tier 2 risk-based capital $1,638
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $750
Total interest expense $111
Net interest income $639
Provision for loan and lease losses $14
Total noninterest income $56
Fiduciary activities $0
Service charges on deposit accounts $36
Trading account gains & fees $0
Additional noninterest income $20
Total noninterest expense $380
Salaries and employee benefits $114
Premises and equipment expense $70
Additional noninterest expense $196
Pre-tax net operating income $301
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $301
Extraordinary gains - net $0
Net income attributable to bank $301
Net charge-offs $0
Cash dividends $301
Sale, conversion, retirement of capital stock, net $0
Net operating income $299
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.70%
Cost of funding earning assets 0.55%
Net interest margin 3.15%
Noninterest income to earning assets 0.28%
Noninterest expense to earning assets 1.88%
Net operating income to assets 1.42%
Return on assets (ROA) 1.42%
Pretax return on assets 1.42%
Return on equity (ROE) 18.27%
Retained earnings to average equity (YTD only) 0.12%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$54,676
Cash dividends to net income (YTD only)4.80%
Condition Ratios (%)
Loss allowance to loans 99.34%
Loss allowance to noncurrent loans 2.12%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.15%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 61.88%
Equity capital to assets 77.45%
Core capital (leverage) ratio 8.54%
Tier 1 risk-based capital ratio 8.02%
Total risk-based capital ratio 14.96%
Average assets$16
Average earning assets$21,156
Average equity $1,648
Average loans $20,257
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1 Texas Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07829The First State BankHighways 155 And 49, Avinger, TX 75630January 01, 1909Full Service Brick and Mortar
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