The Lamesa National Bank in Lamesa, Texas (TX)
| The Lamesa National Bank | |
|---|---|
| General | FDIC Certificate #: 3292 Status: Active Federal Reserve ID: 623052 Date Established: July 30, 1927 WWW: http://www.lamesanb.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 2130 Numeric code: 3 Regulator: OCC 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: No 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: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 112 Houston Street, Lamesa, TX 79331 County: Dawson 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): Lamesa, TX (#29500) CBSA Micro Statistical Area: Yes |
| History of Changes | Change in Geographic Region/Area/Territory/Field Office Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $275.4 mil Equity capital: $28.6 mil Deposits held in domestic offices: $245.8 mil Return on assets (ROA): 0.57% ($1.6 mil) Quarterly return on assets: 0.57% ($1.6 mil) Return on Equity (ROE): 5.41% ($1.6 mil) Quarterly return on equity: 5.32% ($1.5 mil) Net income: $1.5 mil Quarterly Net income: $0.4 mil Pretax return on assets: 0.57% ($1,569.7 mil) Quarterly Pretax return on assets: 0.57% ($1,569.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 27 |
| Total assets | $275,380 |
| Cash and due from depository institutions | $48,643 |
| Interest-bearing balances | $41,819 |
| Securities | $106,926 |
| Federal funds sold & reverse repurchase agreements | $53,000 |
| Net loans & leases | $62,237 |
| Loan loss allowance | $754 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $327 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,247 |
| Life insurance assets | $275,380 |
| Total liabilities and capital | $246,812 |
| Total liabilities | $245,803 |
| Total deposits | $166,254 |
| Interest-bearing deposits | $245,803 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $452 |
| Other borrowed funds | $0 |
| Subordinated debt | $557 |
| All other liabilities | $28,568 |
| Total equity capital | $28,568 |
| Total bank equity capital | $28,568 |
| Perpetual preferred stock | $0 |
| Common stock | $2,000 |
| Surplus | $2,000 |
| Undivided profits | $24,568 |
| Memoranda | |
| 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 | $4,218 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $3,557 |
| Average Assets, year-to-date | $263,982 |
| Average Assets, quarterly | $36,152 |
| Volatile liabilities | $267,529 |
| Insider loans | $266,948 |
| FHLB advances | $105,778 |
| Loans and leases held for sale | $271,436 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $26,863 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $5,985 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $7,134 |
| Total interest expense | $2,822 |
| Net interest income | $4,312 |
| Provision for loan and lease losses | $340 |
| Total noninterest income | $341 |
| Fiduciary activities | $165 |
| Service charges on deposit accounts | $83 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $93 |
| Total noninterest expense | $3,054 |
| Salaries and employee benefits | $1,970 |
| Premises and equipment expense | $414 |
| Additional noninterest expense | $670 |
| Pre-tax net operating income | $1,259 |
| Securities gains (losses) | $269 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $1,528 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,528 |
| Net charge-offs | $0 |
| Cash dividends | $1,528 |
| Sale, conversion, retirement of capital stock, net | $491 |
| Net operating income | $650 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 2.91% |
| Cost of funding earning assets | 1.15% |
| Net interest margin | 1.76% |
| Noninterest income to earning assets | 0.14% |
| Noninterest expense to earning assets | 1.24% |
| Net operating income to assets | 0.47% |
| Return on assets (ROA) | 0.57% |
| Pretax return on assets | 0.57% |
| Return on equity (ROE) | 5.41% |
| Retained earnings to average equity (YTD only) | 3.11% |
| Net charge-offs to loans | 0.67% |
| Credit loss provision to net charge-offs | 69.25% |
| Efficiency ratio | 3.26% |
| Assets per employee | $65,635 |
| Cash dividends to net income (YTD only) | 10.20% |
| Condition Ratios (%) | |
| Loss allowance to loans | 42.54% |
| Loss allowance to noncurrent loans | 1.20% |
| Noncurrent assets plus other real estate owned to assets | 17.88% |
| Noncurrent loans to loans | 1.53% |
| Net loans and leases to deposits | 6.70% |
| Net loans and leases to core deposits | 25.32% |
| Equity capital to assets | 27.41% |
| Core capital (leverage) ratio | 10.37% |
| Tier 1 risk-based capital ratio | 9.90% |
| Total risk-based capital ratio | 25.40% |
| Memoranda | |
| Average assets | $26 |
| Average earning assets | $267,529 |
| Average equity | $28,251 |
| Average loans | $245,554 |
| Total Fiduciary and Related Assets (December 31, 2010) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $55,578 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $55,578 |
| Employee benefit-defined contribution accounts | $39,512 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $4,277 |
| Corporate trust and agency accounts | $586 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $10,364 |
| Non-managed Assets | $839 |
| Number of Accounts | 41 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 1 Texas Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 2130 | The Lamesa National Bank | 112 Houston Street, Lamesa, TX 79331 | July 30, 1927 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.