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

The First State Bank - Overview

  • General
  • FDIC Certificate #: 17588
    Status: Active
    Federal Reserve ID: 888552
    Bank Holding Company (Regulatory Top Holder): Louise Bancshares, Inc. (RSSDID: 1141021, Location: Louise, TX)
    Date Established: May 07, 1956
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 12692
    FDIC's unique #: 11560
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: May 07, 1956
    Last Structure Change Effective Date: October 26, 2011
    Last Structure Change Process Date: October 26, 2011
    Last Data Update: October 26, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: Highway 59 And Fm Road 1160, Louise, TX 77455
    County: Wharton
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): El Campo, TX (#20900)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $289.2 mil
    Equity capital: $25.1 mil
    Deposits held in domestic offices: $263.3 mil
    Return on assets (ROA): 2.10% ($6.1 mil)
    Quarterly return on assets: 2.17% ($6.3 mil)
    Return on Equity (ROE): 25.08% ($6.3 mil)
    Quarterly return on equity: 24.64% ($6.2 mil)
    Net income: $5.7 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 2.10% ($6,073.4 mil)
    Quarterly Pretax return on assets: 2.17% ($6,275.8 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
  • 98Total employees (full-time equivalent)
  • $289,209Total assets
  • $5,618Cash and due from depository institutions
  • $509Interest-bearing balances
  • $118,267Securities
  • $2,230Federal funds sold & reverse repurchase agreements
  • $150,482Net loans & leases
  • $1,795Loan loss allowance
  • $0Trading account assets
  • $4,583Bank premises and fixed assets
  • $329Other real estate owned
  • $572Goodwill and other intangibles
  • $289,210Life insurance assets
  • $7,128All other assets
  • $264,067Total liabilities and capital
  • $263,268Total liabilities
  • $242,881Total deposits
  • $263,268Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $799Subordinated debt
  • $25,143All other liabilities
  • $25,143Total equity capital
  • $25,143Total bank equity capital
  • $0Perpetual preferred stock
  • $1,200Common stock
  • $7,800Surplus
  • $16,143Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $542Income earned, not collected on loans
  • $0Earning assets
  • $2,078Long-term assets (5+ years)
  • $271,488Average Assets, year-to-date
  • $136,558Average Assets, quarterly
  • $273,217Volatile liabilities
  • $284,727Insider loans
  • $173,288FHLB advances
  • $284,683Loans and leases held for sale
  • $4,040Unused loan commitments
  • $4,040Tier 1 (core) risk-based capital
  • $21,893Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,830Restructured Loans and leases
  • $1,031Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,061Total interest income
  • $1,362Total interest expense
  • $12,699Net interest income
  • $480Provision for loan and lease losses
  • $2,702Total noninterest income
  • $0Fiduciary activities
  • $1,865Service charges on deposit accounts
  • $0Trading account gains & fees
  • $837Additional noninterest income
  • $9,476Total noninterest expense
  • $5,024Salaries and employee benefits
  • $1,106Premises and equipment expense
  • $3,346Additional noninterest expense
  • $5,445Pre-tax net operating income
  • $301Securities gains (losses)
  • $0Applicable income taxes
  • $5,746Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,746Net income attributable to bank
  • $0Net charge-offs
  • $5,746Cash dividends
  • $509Sale, conversion, retirement of capital stock, net
  • $2,823Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.50%Yield on earning assets
  • 0.53%Cost of funding earning assets
  • 4.97%Net interest margin
  • 1.06%Noninterest income to earning assets
  • 3.71%Noninterest expense to earning assets
  • 1.99%Net operating income to assets
  • 2.10%Return on assets (ROA)
  • 2.10%Pretax return on assets
  • 25.08%Return on equity (ROE)
  • 12.76%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 94.30%Credit loss provision to net charge-offs
  • 11.64%Efficiency ratio
  • 60,425Assets per employee
  • 2.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.13%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 331.18%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 57.16%Net loans and leases to core deposits
  • 59.32%Equity capital to assets
  • 8.69%Core capital (leverage) ratio
  • 7.69%Tier 1 risk-based capital ratio
  • 12.63%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $273,217Average earning assets
  • $22,910Average equity
  • $255,540Average loans

List of branches

  • 9 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011560The First State BankHighway 59 And Fm Road 1160, Louise, TX 77455May 07, 1956Full Service Brick and Mortar
    110955Sweeny Branch208 Second Street, Sweeny, TX 77480November 22, 1949Full Service Brick and Mortar
    2242290El Campo Branch1808 West Loop, El Campo, TX 77437Febuary 02, 1987Full Service Brick and Mortar
    3242291Blessing BranchAvenue B And 10th Street, Blessing, TX 77419December 30, 1996Full Service Brick and Mortar
    4242292Wharton Branch505 East Boling Hwy, Wharton, TX 77488October 23, 1998Full Service Brick and Mortar
    5283233Ganado Branch209 West York St., Ganado, TX 77962January 01, 1958Full Service Brick and Mortar
    6472035Bay City Branch3600 Seventh Street, Bay City, TX 77414Febuary 15, 2008Full Service Brick and Mortar
    7192625Angleton Branch2904 North Velasco, Angleton, TX 77515January 16, 1995Full Service Brick and Mortar BranchHighway 59 & Fm 1160, Louise, TX 77455October 01, 2009Full Service Cyber

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