Union State Bank in Kerrville, Texas (TX)



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Union State Bank
GeneralFDIC Certificate #: 16686
Status: Active
Federal Reserve ID: 1009952
Bank Holding Company (Regulatory Top Holder): C Bar M, Inc. (RSSDID: 2357463, Location: Kerrville, TX)
Date Established: October 11, 1947
WWW: http://www.unionstatebank.net
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 10813
Numeric code: 21
Regulator: FDIC
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: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: March 20, 1948
Last Structure Change Effective Date: March 25, 2008
Last Structure Change Process Date: April 03, 2008
Last Data Update: April 03, 2008
Data Source Date: April 05, 2012
LocationAddress: 600 Main Street, Kerrville, TX 78029
County: Kerr
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Austin
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Kerrville, TX (#28500)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $35.3 mil
Equity capital: $3.1 mil
Deposits held in domestic offices: $32.1 mil
Return on assets (ROA): 0.65% ($0.2 mil)
Quarterly return on assets: 0.61% ($0.2 mil)
Return on Equity (ROE): 7.57% ($0.2 mil)
Quarterly return on equity: 6.77% ($0.2 mil)
Net income: $0.2 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.65% ($229.4 mil)
Quarterly Pretax return on assets: 0.61% ($215.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)14
Total assets$35,297
Cash and due from depository institutions$9,972
Interest-bearing balances$8,991
Securities$2,899
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$20,946
Loan loss allowance $260
Trading account assets$0
Bank premises and fixed assets$1,015
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$465
Life insurance assets$35,297
Total liabilities and capital$32,207
Total liabilities$32,114
Total deposits$24,501
Interest-bearing deposits$32,114
Deposits held in domestic offices$99
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $93
All other liabilities $3,090
Total equity capital$3,090
Total bank equity capital$3,090
Perpetual preferred stock$0
Common stock$67
Surplus$2,239
Undivided profits $784
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 $200
Earning assets $0
Long-term assets (5+ years) $150
Average Assets, year-to-date $32,836
Average Assets, quarterly $2,045
Volatile liabilities $34,770
Insider loans $34,330
FHLB advances $23,683
Loans and leases held for sale $34,984
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,993
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $988
Derivatives$140
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,048
Total interest expense $225
Net interest income $1,823
Provision for loan and lease losses $105
Total noninterest income $274
Fiduciary activities $0
Service charges on deposit accounts $135
Trading account gains & fees $0
Additional noninterest income $139
Total noninterest expense $1,766
Salaries and employee benefits $840
Premises and equipment expense $166
Additional noninterest expense $760
Pre-tax net operating income $226
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $226
Extraordinary gains - net $0
Net income attributable to bank $226
Net charge-offs $0
Cash dividends $226
Sale, conversion, retirement of capital stock, net $97
Net operating income $50
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.38%
Cost of funding earning assets 0.70%
Net interest margin 5.68%
Noninterest income to earning assets 0.85%
Noninterest expense to earning assets 5.50%
Net operating income to assets 0.65%
Return on assets (ROA) 0.65%
Pretax return on assets 0.65%
Return on equity (ROE) 7.57%
Retained earnings to average equity (YTD only) 5.90%
Net charge-offs to loans 0.44%
Credit loss provision to net charge-offs 108.25%
Efficiency ratio3.41%
Assets per employee$84,216
Cash dividends to net income (YTD only)2.52%
Condition Ratios (%)
Loss allowance to loans 22.12%
Loss allowance to noncurrent loans 1.23%
Noncurrent assets plus other real estate owned to assets 130.00%
Noncurrent loans to loans 0.57%
Net loans and leases to deposits0.94%
Net loans and leases to core deposits 65.22%
Equity capital to assets 67.23%
Core capital (leverage) ratio 8.75%
Tier 1 risk-based capital ratio 8.56%
Total risk-based capital ratio 12.64%
Memoranda
Average assets$14
Average earning assets$34,770
Average equity $2,985
Average loans $32,117
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1 Texas Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010813Union State Bank600 Main Street, Kerrville, TX 78029October 11, 1947Full Service Brick and Mortar
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