FDIC Certificate #: 22652 Status: Inactive Closing history: Change in Location Acquiring institution:SolutionsBank (#4731) Federal Reserve ID: 793151 Date Established: May 12, 1978 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Interstate: No) OTS Docket #: 12129 FDIC's unique #: 15807 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 12, 1978 Last Structure Change Effective Date: Febuary 16, 2008 Last Structure Change Process Date: March 04, 2008 Last Data Update: March 04, 2008 Data Source Date: April 05, 2012
Location
Address: 5700 Granite Parkway, Plano, TX 75024 County: Collin 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)
History of Changes
Merger - Without Assistance
Office Sold
Change in Location
Financial Summary
Total assets: $509.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
120Total employees (full-time equivalent)
$509,558Total assets
$18,400Cash and due from depository institutions
$29Interest-bearing balances
$20,712Securities
$83,545Federal funds sold & reverse repurchase agreements
$264,615Net loans & leases
$3,472Loan loss allowance
$0Trading account assets
$5,850Bank premises and fixed assets
$130Other real estate owned
$96,822Goodwill and other intangibles
$7,105Life insurance assets
$19,484All other assets
$509,558Total liabilities and capital
$373,795Total liabilities
$365,776Total deposits
$277,032Interest-bearing deposits
$365,776Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$8,019All other liabilities
$135,763Total equity capital
$135,763Total bank equity capital
$135,763Perpetual preferred stock
$0Common stock
$1,050Surplus
$132,790Undivided profits
Memoranda
$1,923Noncurrent loans and leases
$99,824Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$561Earning assets
$0Long-term assets (5+ years)
$1,513Average Assets, year-to-date
$368,901Average Assets, quarterly
$75,285Volatile liabilities
$454,099Insider loans
$501,347FHLB advances
$52,856Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$99,824Total unused commitments
$0Restructured Loans and leases
$3,472Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$16,001Total interest income
$6,574Total interest expense
$9,427Net interest income
$0Provision for loan and lease losses
$2,627Total noninterest income
$0Fiduciary activities
$794Service charges on deposit accounts
$0Trading account gains & fees
$1,833Additional noninterest income
$9,580Total noninterest expense
$4,984Salaries and employee benefits
$742Premises and equipment expense
$3,854Additional noninterest expense
$2,474Pre-tax net operating income
$0Securities gains (losses)
$606Applicable income taxes
$1,868Income before extraordinary items
$0Extraordinary gains - net
$1,868Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$139Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.46%Yield on earning assets
1.83%Cost of funding earning assets
2.63%Net interest margin
0.73%Noninterest income to earning assets
2.67%Noninterest expense to earning assets
0.41%Net operating income to assets
0.41%Return on assets (ROA)
0.54%Pretax return on assets
1.93%Return on equity (ROE)
1.93%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
17.80%Efficiency ratio
62,071Assets per employee
4.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
618.89%Noncurrent assets plus other real estate owned to assets
0.14%Noncurrent loans to loans
0.21%Net loans and leases to deposits
72.34%Net loans and leases to core deposits
84.56%Equity capital to assets
26.64%Core capital (leverage) ratio
9.74%Tier 1 risk-based capital ratio
12.21%Total risk-based capital ratio
Memoranda
$13Average assets
$454,099Average earning assets
$96,903Average equity
$358,400Average loans
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