FDIC Certificate #: 24391 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:PlainsCapital Bank (#17491) Federal Reserve ID: 576859 Date Established: March 04, 1983 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) FDIC's unique #: 16971 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: March 04, 1983 Last Structure Change Effective Date: March 01, 2003 Last Structure Change Process Date: April 29, 2003 Last Data Update: April 29, 2003 Data Source Date: April 05, 2012
Location
Address: 4415 Fourth Street, Lubbock, TX 79416 County: Lubbock Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Lubbock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Lubbock, TX (#4600) Combined Statistical Area (CSA): Lubbock-Levelland, TX (#352) Core Based Statistical Area (CBSA): Lubbock, TX (#31180) CBSA Metro Statistical Area: Lubbock, TX (#31180)
Financial Summary
Total assets: $82.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
42Total employees (full-time equivalent)
$82,511Total assets
$10,975Cash and due from depository institutions
$2,298Interest-bearing balances
$8,387Securities
$3,500Federal funds sold & reverse repurchase agreements
$56,931Net loans & leases
$664Loan loss allowance
$0Trading account assets
$1,652Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,066All other assets
$82,511Total liabilities and capital
$75,492Total liabilities
$75,215Total deposits
$56,037Interest-bearing deposits
$75,215Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$277All other liabilities
$7,019Total equity capital
$7,019Total bank equity capital
$7,019Perpetual preferred stock
$0Common stock
$1,875Surplus
$1,875Undivided profits
Memoranda
$3,269Noncurrent loans and leases
$10,431Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$58Earning assets
$0Long-term assets (5+ years)
$377Average Assets, year-to-date
$71,116Average Assets, quarterly
$2,766Volatile liabilities
$78,718Insider loans
$80,536FHLB advances
$14,827Loans and leases held for sale
$1,702Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,431Total unused commitments
$0Restructured Loans and leases
$664Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$4,449Total interest income
$1,231Total interest expense
$3,218Net interest income
$223Provision for loan and lease losses
$917Total noninterest income
$0Fiduciary activities
$688Service charges on deposit accounts
$0Trading account gains & fees
$229Additional noninterest income
$3,307Total noninterest expense
$1,792Salaries and employee benefits
$483Premises and equipment expense
$1,032Additional noninterest expense
$605Pre-tax net operating income
$0Securities gains (losses)
$22Applicable income taxes
$583Income before extraordinary items
$0Extraordinary gains - net
$583Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$88Sale, conversion, retirement of capital stock, net
$278Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.35%Yield on earning assets
1.76%Cost of funding earning assets
4.60%Net interest margin
1.31%Noninterest income to earning assets
4.72%Noninterest expense to earning assets
0.74%Net operating income to assets
0.74%Return on assets (ROA)
0.77%Pretax return on assets
8.42%Return on equity (ROE)
4.40%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
253.41%Credit loss provision to net charge-offs
9.41%Efficiency ratio
79,976Assets per employee
1.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
47.68%Loss allowance to loans
1.15%Loss allowance to noncurrent loans
1144.83%Noncurrent assets plus other real estate owned to assets
0.07%Noncurrent loans to loans
0.10%Net loans and leases to deposits
75.69%Net loans and leases to core deposits
94.28%Equity capital to assets
8.51%Core capital (leverage) ratio
8.68%Tier 1 risk-based capital ratio
11.06%Total risk-based capital ratio
Memoranda
$12Average assets
$78,718Average earning assets
$6,924Average equity
$70,032Average loans
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