The Follett National Bank in Follett, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 15, 1999

  • The Follett National Bank in Follett, Texas (TX)
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The Follett National Bank - Overview

  • General
  • FDIC Certificate #: 3198
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First State Bank of Canadian, National Association (#34634)
    Federal Reserve ID: 454957
    Date Established: January 01, 1913
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 2058
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 15, 1999
    Last Structure Change Process Date: December 17, 1999
    Last Data Update: December 17, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Follett, TX 79034
    County: Lipscomb
    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
  • Financial Summary
  • Total assets: $30.1 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $31,946Total assets
  • $10,898Cash and due from depository institutions
  • $9,599Interest-bearing balances
  • $4,826Securities
  • $358Federal funds sold & reverse repurchase agreements
  • $15,357Net loans & leases
  • $231Loan loss allowance
  • $0Trading account assets
  • $36Bank premises and fixed assets
  • $6Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $465All other assets
  • $31,946Total liabilities and capital
  • $27,929Total liabilities
  • $27,784Total deposits
  • $24,497Interest-bearing deposits
  • $27,784Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $145All other liabilities
  • $4,017Total equity capital
  • $4,017Total bank equity capital
  • $4,017Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $500Undivided profits
  • Memoranda
  • $3,317Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $73Earning assets
  • $0Long-term assets (5+ years)
  • $352Average Assets, year-to-date
  • $30,140Average Assets, quarterly
  • $2,492Volatile liabilities
  • $31,081Insider loans
  • $31,419FHLB advances
  • $5,550Loans and leases held for sale
  • $246Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,183Total unused commitments
  • $0Restructured Loans and leases
  • $18,442Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $2,381Total interest income
  • $1,031Total interest expense
  • $1,350Net interest income
  • $0Provision for loan and lease losses
  • $208Total noninterest income
  • $0Fiduciary activities
  • $194Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14Additional noninterest income
  • $867Total noninterest expense
  • $505Salaries and employee benefits
  • $72Premises and equipment expense
  • $290Additional noninterest expense
  • $691Pre-tax net operating income
  • $0Securities gains (losses)
  • $206Applicable income taxes
  • $485Income before extraordinary items
  • $0Extraordinary gains - net
  • $485Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $542Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.11%Yield on earning assets
  • 3.51%Cost of funding earning assets
  • 4.60%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • 1.56%Net operating income to assets
  • 1.56%Return on assets (ROA)
  • 2.22%Pretax return on assets
  • 11.55%Return on equity (ROE)
  • -1.36%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 138.20%Efficiency ratio
  • 55,648Assets per employee
  • 2.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 111.75%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 316.44%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.47%Net loans and leases to deposits
  • 55.27%Net loans and leases to core deposits
  • 69.07%Equity capital to assets
  • 12.57%Core capital (leverage) ratio
  • 12.62%Tier 1 risk-based capital ratio
  • 21.57%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $31,081Average earning assets
  • $4,198Average equity
  • $29,366Average loans

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