The MINT National Bank in Kingwood, Texas (TX)
| The MINT National Bank | |
|---|---|
| General | FDIC Certificate #: 58764 Status: Active Federal Reserve ID: 3821626 Date Established: January 05, 2009 WWW: http://www.themintbank.com Trust Powers Granted: No 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 #: 467437 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 05, 2009 Last Structure Change Effective Date: January 16, 2009 Last Structure Change Process Date: January 16, 2009 Last Data Update: January 16, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 1213 Kingwood Drive, Kingwood, TX 77339 County: Harris 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 Metropolitan Statistical Area (MSA): Houston, TX (#3360) Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42) Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288) Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420) CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420) |
| History of Changes | Change in Geographic Region/Area/Territory/Field Office |
| Financial Summary | Total assets: $46.0 mil Equity capital: $7.8 mil Deposits held in domestic offices: $38.2 mil Return on assets (ROA): 0.50% ($0.2 mil) Quarterly return on assets: 0.55% ($0.3 mil) Return on Equity (ROE): 2.72% ($0.2 mil) Quarterly return on equity: 3.52% ($0.3 mil) Net income: $0.2 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.50% ($229.8 mil) Quarterly Pretax return on assets: 0.55% ($252.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 6 |
| Total assets | $45,966 |
| Cash and due from depository institutions | $11,125 |
| Interest-bearing balances | $10,945 |
| Securities | $0 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $34,037 |
| Loan loss allowance | $510 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $333 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $471 |
| Life insurance assets | $45,966 |
| Total liabilities and capital | $38,198 |
| Total liabilities | $38,157 |
| Total deposits | $34,685 |
| Interest-bearing deposits | $38,157 |
| Deposits held in domestic offices | $88 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $41 |
| All other liabilities | $7,768 |
| Total equity capital | $7,768 |
| Total bank equity capital | $7,768 |
| Perpetual preferred stock | $0 |
| Common stock | $4,359 |
| Surplus | $4,405 |
| Undivided profits | $-996 |
| 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 | $858 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $118 |
| Average Assets, year-to-date | $44,982 |
| Average Assets, quarterly | $21,288 |
| Volatile liabilities | $41,819 |
| Insider loans | $49,260 |
| FHLB advances | $29,800 |
| Loans and leases held for sale | $51,839 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $7,768 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,798 |
| Derivatives | $977 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,961 |
| Total interest expense | $386 |
| Net interest income | $1,575 |
| Provision for loan and lease losses | $130 |
| Total noninterest income | $11 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $9 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2 |
| Total noninterest expense | $1,248 |
| Salaries and employee benefits | $571 |
| Premises and equipment expense | $128 |
| Additional noninterest expense | $549 |
| Pre-tax net operating income | $208 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $208 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $208 |
| Net charge-offs | $0 |
| Cash dividends | $208 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.83% |
| Cost of funding earning assets | 0.95% |
| Net interest margin | 3.88% |
| Noninterest income to earning assets | 0.03% |
| Noninterest expense to earning assets | 3.07% |
| Net operating income to assets | 0.50% |
| Return on assets (ROA) | 0.50% |
| Pretax return on assets | 0.50% |
| Return on equity (ROE) | 2.72% |
| Retained earnings to average equity (YTD only) | 2.72% |
| Net charge-offs to loans | 0.00% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $78,689 |
| Cash dividends to net income (YTD only) | 7.66% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.48% |
| Noncurrent assets plus other real estate owned to assets | 59.44% |
| Noncurrent loans to loans | 1.87% |
| Net loans and leases to deposits | 2.48% |
| Net loans and leases to core deposits | 89.20% |
| Equity capital to assets | 94.36% |
| Core capital (leverage) ratio | 16.90% |
| Tier 1 risk-based capital ratio | 14.98% |
| Total risk-based capital ratio | 26.07% |
| Memoranda | |
| Average assets | $27 |
| Average earning assets | $41,819 |
| Average equity | $7,643 |
| Average loans | $40,633 |
| 1 Texas Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 467437 | The Mint National Bank | 1213 Kingwood Drive, Kingwood, TX 77339 | January 05, 2009 | Full Service Brick and Mortar |  |
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