Town Center Bank in Coppell, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 30, 2010

Town Center Bank - Overview

  • General
  • FDIC Certificate #: 57826
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Independent Bank (#3076)
    Federal Reserve ID: 3288265
    Date Established: October 25, 2004
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 426808
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 25, 2004
    Last Structure Change Effective Date: July 30, 2010
    Last Structure Change Process Date: August 16, 2010
    Last Data Update: August 16, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 654 N. Denton Tap Road, Coppell, TX 75019
    County: Dallas
    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
    Metropolitan Statistical Area (MSA): Dallas, TX (#1920)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
  • Financial Summary
  • Total assets: $35.4 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, 2009)

  • Dollar figures in thousands
  • 13Total employees (full-time equivalent)
  • $43,809Total assets
  • $6,878Cash and due from depository institutions
  • $6,362Interest-bearing balances
  • $0Securities
  • $1,300Federal funds sold & reverse repurchase agreements
  • $28,842Net loans & leases
  • $1,133Loan loss allowance
  • $0Trading account assets
  • $4,571Bank premises and fixed assets
  • $1,920Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $298All other assets
  • $43,809Total liabilities and capital
  • $40,246Total liabilities
  • $38,787Total deposits
  • $29,518Interest-bearing deposits
  • $38,787Deposits held in domestic offices
  • 91.08%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,385Other borrowed funds
  • $0Subordinated debt
  • $74All other liabilities
  • $3,563Total equity capital
  • $3,563Total bank equity capital
  • $3,563Perpetual preferred stock
  • $0Common stock
  • $4,406Surplus
  • $6,906Undivided profits
  • Memoranda
  • $-7,749Noncurrent loans and leases
  • $1,452Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,024Earning assets
  • $0Long-term assets (5+ years)
  • $133Average Assets, year-to-date
  • $36,504Average Assets, quarterly
  • $788Volatile liabilities
  • $49,431Insider loans
  • $44,608FHLB advances
  • $9,449Loans and leases held for sale
  • $97Unused loan commitments
  • $1,385Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,452Total unused commitments
  • $626Restructured Loans and leases
  • $422Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $2,032Total interest income
  • $1,008Total interest expense
  • $1,024Net interest income
  • $856Provision for loan and lease losses
  • $117Total noninterest income
  • $0Fiduciary activities
  • $64Service charges on deposit accounts
  • $0Trading account gains & fees
  • $53Additional noninterest income
  • $2,608Total noninterest expense
  • $735Salaries and employee benefits
  • $516Premises and equipment expense
  • $1,357Additional noninterest expense
  • -$2,323Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,323Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,323Net income attributable to bank
  • $0Net charge-offs
  • -$2,323Cash dividends
  • $975Sale, conversion, retirement of capital stock, net
  • $15Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.10%Yield on earning assets
  • 2.53%Cost of funding earning assets
  • 2.57%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 6.54%Noninterest expense to earning assets
  • -4.70%Net operating income to assets
  • -4.70%Return on assets (ROA)
  • -4.70%Pretax return on assets
  • -46.91%Return on equity (ROE)
  • -47.21%Retained earnings to average equity (YTD only)
  • 2.83%Net charge-offs to loans
  • 87.79%Credit loss provision to net charge-offs
  • -1.50%Efficiency ratio
  • 228,571Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -0.65%Loss allowance to loans
  • 3.78%Loss allowance to noncurrent loans
  • 110.64%Noncurrent assets plus other real estate owned to assets
  • 6.72%Noncurrent loans to loans
  • 3.42%Net loans and leases to deposits
  • 74.36%Net loans and leases to core deposits
  • 98.31%Equity capital to assets
  • 8.13%Core capital (leverage) ratio
  • 7.83%Tier 1 risk-based capital ratio
  • 10.82%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $49,431Average earning assets
  • $4,952Average equity
  • $39,869Average loans

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