TownBank, National Association in Mesquite, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 2001

  • TownBank, National Association in Mesquite, Texas (TX)
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TownBank, National Association - Overview

  • General
  • FDIC Certificate #: 34155
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Mercantile Bank, National Association (#34625)
    Federal Reserve ID: 2441120
    Date Established: April 01, 1996
    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)
    OTS Docket #: 16048
    FDIC's unique #: 56302
    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: April 01, 1996
    Last Structure Change Effective Date: September 01, 2001
    Last Structure Change Process Date: October 26, 2001
    Last Data Update: October 26, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 1522 Gross Road, Mesquite, TX 75149
    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: $79.5 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, 2000)

  • Dollar figures in thousands
  • 23Total employees (full-time equivalent)
  • $74,774Total assets
  • $3,141Cash and due from depository institutions
  • $0Interest-bearing balances
  • $16,814Securities
  • $2,055Federal funds sold & reverse repurchase agreements
  • $50,276Net loans & leases
  • $602Loan loss allowance
  • $0Trading account assets
  • $1,761Bank premises and fixed assets
  • $181Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $546All other assets
  • $74,774Total liabilities and capital
  • $68,341Total liabilities
  • $65,126Total deposits
  • $50,779Interest-bearing deposits
  • $65,126Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,000Other borrowed funds
  • $0Subordinated debt
  • $215All other liabilities
  • $6,433Total equity capital
  • $6,433Total bank equity capital
  • $6,433Perpetual preferred stock
  • $0Common stock
  • $1,750Surplus
  • $1,760Undivided profits
  • Memoranda
  • $2,923Noncurrent loans and leases
  • $12,171Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $277Average Assets, year-to-date
  • $69,145Average Assets, quarterly
  • $13,714Volatile liabilities
  • $68,010Insider loans
  • $73,332FHLB advances
  • $19,113Loans and leases held for sale
  • $2,599Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,171Total unused commitments
  • $0Restructured Loans and leases
  • $602Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $6,150Total interest income
  • $2,475Total interest expense
  • $3,675Net interest income
  • $162Provision for loan and lease losses
  • $392Total noninterest income
  • $0Fiduciary activities
  • $315Service charges on deposit accounts
  • $0Trading account gains & fees
  • $77Additional noninterest income
  • $2,435Total noninterest expense
  • $1,390Salaries and employee benefits
  • $359Premises and equipment expense
  • $686Additional noninterest expense
  • $1,470Pre-tax net operating income
  • -$35Securities gains (losses)
  • $0Applicable income taxes
  • $1,435Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,435Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $52Sale, conversion, retirement of capital stock, net
  • $490Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.68%Yield on earning assets
  • 3.90%Cost of funding earning assets
  • 5.79%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 3.83%Noninterest expense to earning assets
  • 2.16%Net operating income to assets
  • 2.11%Return on assets (ROA)
  • 2.11%Pretax return on assets
  • 26.64%Return on equity (ROE)
  • 17.54%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 311.54%Credit loss provision to net charge-offs
  • 31.38%Efficiency ratio
  • 59,872Assets per employee
  • 3.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.15%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 77.20%Net loans and leases to core deposits
  • 106.94%Equity capital to assets
  • 8.60%Core capital (leverage) ratio
  • 8.34%Tier 1 risk-based capital ratio
  • 10.70%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $68,010Average earning assets
  • $5,387Average equity
  • $63,518Average loans

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