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- Banks in Texas (TX)
- TownBank, National Association
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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- Banks in Texas (TX)
- TownBank, National Association
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