American Bank of Sherman, National Association in Sherman, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1993

  • American Bank of Sherman, National Association in Sherman, Texas (TX)
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American Bank of Sherman, National Association - Overview

  • General
  • FDIC Certificate #: 18904
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: American Bank of Texas (#20473)
    Federal Reserve ID: 587462
    Date Established: October 07, 1963
    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)
    FDIC's unique #: 12752
    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: October 07, 1963
    Last Structure Change Effective Date: April 01, 1993
    Last Structure Change Process Date: May 26, 1993
    Last Data Update: May 26, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 2011 Texoma Parkway, Sherman, TX 75090
    County: Grayson
    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): Sherman-Denison, TX (#7640)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Sherman-Denison, TX (#43300)
    CBSA Metro Statistical Area: Sherman-Denison, TX (#43300)
  • Financial Summary
  • Total assets: $95.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $51Total assets
  • $99,285Cash and due from depository institutions
  • $6,122Interest-bearing balances
  • $100Securities
  • $18,705Federal funds sold & reverse repurchase agreements
  • $6,530Net loans & leases
  • $60,572Loan loss allowance
  • $667Trading account assets
  • $0Bank premises and fixed assets
  • $1,659Other real estate owned
  • $4,305Goodwill and other intangibles
  • $1,351Life insurance assets
  • $41All other assets
  • $0Total liabilities and capital
  • $99,285Total liabilities
  • $92,792Total deposits
  • $92,296Interest-bearing deposits
  • $72,615Deposits held in domestic offices
  • 92296.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $496Total equity capital
  • $496Total bank equity capital
  • $6,493Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $2,800Undivided profits
  • Memoranda
  • $2,693Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $159Income earned, not collected on loans
  • $376Earning assets
  • $85,907Long-term assets (5+ years)
  • $7,448Average Assets, year-to-date
  • $93,555Average Assets, quarterly
  • $96,056Volatile liabilities
  • $9,807Insider loans
  • $185FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,656Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,452Total risk weighted assets
  • $69,919Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,667Total interest expense
  • $2,755Net interest income
  • $3,912Provision for loan and lease losses
  • $135Total noninterest income
  • $1,159Fiduciary activities
  • $0Service charges on deposit accounts
  • $648Trading account gains & fees
  • $0Additional noninterest income
  • $511Total noninterest expense
  • $3,484Salaries and employee benefits
  • $1,311Premises and equipment expense
  • $526Additional noninterest expense
  • $1,647Pre-tax net operating income
  • $1,452Securities gains (losses)
  • $0Applicable income taxes
  • $521Income before extraordinary items
  • $931Extraordinary gains - net
  • $0Net income attributable to bank
  • $931Net charge-offs
  • $63Cash dividends
  • $675Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.26%Cost of funding earning assets
  • 3.41%Net interest margin
  • 4.85%Noninterest income to earning assets
  • 1.44%Noninterest expense to earning assets
  • 4.32%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 1.55%Return on equity (ROE)
  • 14.52%Retained earnings to average equity (YTD only)
  • 3.99%Net charge-offs to loans
  • 0.12%Credit loss provision to net charge-offs
  • 214.29%Efficiency ratio
  • 68,468Assets per employee
  • 1.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.50%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 419.50%Noncurrent assets plus other real estate owned to assets
  • 4.50%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 65.63%Net loans and leases to core deposits
  • 73.43%Equity capital to assets
  • 6.54%Core capital (leverage) ratio
  • 6.88%Tier 1 risk-based capital ratio
  • 9.23%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $93,555Average earning assets
  • $6,413Average equity
  • $80,688Average loans

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