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

The First State Bank - Overview

  • General
  • FDIC Certificate #: 9973
    Status: Active
    Federal Reserve ID: 736662
    Bank Holding Company (Regulatory Top Holder): Rice Bancshares, Inc. (RSSDID: 3600399, Location: Rice, TX)
    Date Established: Febuary 27, 1928
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 6374
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 25, 2009
    Last Structure Change Process Date: May 18, 2009
    Last Data Update: May 18, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 North Mckinney Street, Rice, TX 75155
    County: Navarro
    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
    Core Based Statistical Area (CBSA): Corsicana, TX (#18620)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $122.5 mil
    Equity capital: $13.9 mil
    Deposits held in domestic offices: $107.9 mil
    Return on assets (ROA): 0.45% ($0.6 mil)
    Quarterly return on assets: 0.03% ($0.0 mil)
    Return on Equity (ROE): 4.22% ($0.6 mil)
    Quarterly return on equity: 0.26% ($0.0 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.76% ($931.2 mil)
    Quarterly Pretax return on assets: 0.46% ($563.6 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
  • 26Total employees (full-time equivalent)
  • $122,532Total assets
  • $4,816Cash and due from depository institutions
  • $255Interest-bearing balances
  • $47,256Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $61,428Net loans & leases
  • $827Loan loss allowance
  • $0Trading account assets
  • $5,172Bank premises and fixed assets
  • $425Other real estate owned
  • $1,862Goodwill and other intangibles
  • $122,532Life insurance assets
  • $1,573All other assets
  • $108,587Total liabilities and capital
  • $107,883Total liabilities
  • $88,456Total deposits
  • $107,883Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 300.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $404Subordinated debt
  • $13,945All other liabilities
  • $13,945Total equity capital
  • $13,945Total bank equity capital
  • $0Perpetual preferred stock
  • $315Common stock
  • $12,406Surplus
  • $1,224Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $300Income earned, not collected on loans
  • $0Earning assets
  • $680Long-term assets (5+ years)
  • $108,939Average Assets, year-to-date
  • $59,163Average Assets, quarterly
  • $123,131Volatile liabilities
  • $125,809Insider loans
  • $70,693FHLB advances
  • $126,016Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,448Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,803Restructured Loans and leases
  • $1,224Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,389Total interest income
  • $1,160Total interest expense
  • $4,229Net interest income
  • $852Provision for loan and lease losses
  • $434Total noninterest income
  • $0Fiduciary activities
  • $386Service charges on deposit accounts
  • $0Trading account gains & fees
  • $48Additional noninterest income
  • $3,124Total noninterest expense
  • $1,597Salaries and employee benefits
  • $596Premises and equipment expense
  • $931Additional noninterest expense
  • $687Pre-tax net operating income
  • $249Securities gains (losses)
  • $378Applicable income taxes
  • $558Income before extraordinary items
  • $0Extraordinary gains - net
  • $558Net income attributable to bank
  • $0Net charge-offs
  • $558Cash dividends
  • $698Sale, conversion, retirement of capital stock, net
  • $15Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.78%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 4.22%Return on equity (ROE)
  • 4.11%Retained earnings to average equity (YTD only)
  • 1.18%Net charge-offs to loans
  • 122.06%Credit loss provision to net charge-offs
  • 2.20%Efficiency ratio
  • 66,995Assets per employee
  • 4.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 2.69%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 275.67%Noncurrent assets plus other real estate owned to assets
  • 0.59%Noncurrent loans to loans
  • 0.48%Net loans and leases to deposits
  • 56.94%Net loans and leases to core deposits
  • 61.73%Equity capital to assets
  • 11.38%Core capital (leverage) ratio
  • 9.08%Tier 1 risk-based capital ratio
  • 16.19%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $123,131Average earning assets
  • $13,215Average equity
  • $111,787Average loans

List of branches

  • 4 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06374The First State Bank100 North Mckinney Street, Rice, TX 75155Febuary 27, 1928Full Service Brick and Mortar
    1446201Italy Branch100 W. Main St, Italy, TX 76651December 06, 2005Full Service Brick and Mortar
    2501641Waxahachie Branch104 Broadhead Road, Waxahachie, TX 75165January 07, 2010Full Service Brick and Mortar
    3511420The First State Bank Branch909 S. Clay, Ennis, TX 75119March 22, 2010Full Service Brick and Mortar

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