FDIC Certificate #: 1214 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Austin Bank, Texas National Association (#3276) Federal Reserve ID: 667962 Date Established: January 01, 1907 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 832 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 15, 1999 Last Structure Change Process Date: March 23, 1999 Last Data Update: March 23, 1999 Data Source Date: April 05, 2012
Location
Address: 401 North Main Street, Rusk, TX 75785 County: Cherokee 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 Combined Statistical Area (CSA): Tyler-Jacksonville, TX (#540) Core Based Statistical Area (CBSA): Jacksonville, TX (#27380) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $58.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
20Total employees (full-time equivalent)
$58,627Total assets
$3,508Cash and due from depository institutions
$0Interest-bearing balances
$16,925Securities
$1,900Federal funds sold & reverse repurchase agreements
$33,575Net loans & leases
$594Loan loss allowance
$0Trading account assets
$131Bank premises and fixed assets
$99Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,489All other assets
$58,627Total liabilities and capital
$51,952Total liabilities
$51,788Total deposits
$41,831Interest-bearing deposits
$51,788Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$164All other liabilities
$6,675Total equity capital
$6,675Total bank equity capital
$6,675Perpetual preferred stock
$0Common stock
$400Surplus
$3,600Undivided profits
Memoranda
$2,675Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,021Earning assets
$150Long-term assets (5+ years)
$368Average Assets, year-to-date
$52,400Average Assets, quarterly
$14,201Volatile liabilities
$57,269Insider loans
$57,256FHLB advances
$13,888Loans and leases held for sale
$144Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,422Total unused commitments
$0Restructured Loans and leases
$38,707Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$4,834Total interest income
$1,875Total interest expense
$2,959Net interest income
$1,165Provision for loan and lease losses
$643Total noninterest income
$0Fiduciary activities
$528Service charges on deposit accounts
$0Trading account gains & fees
$115Additional noninterest income
$1,904Total noninterest expense
$1,165Salaries and employee benefits
$107Premises and equipment expense
$632Additional noninterest expense
$533Pre-tax net operating income
$0Securities gains (losses)
$183Applicable income taxes
$350Income before extraordinary items
$0Extraordinary gains - net
$350Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,138Sale, conversion, retirement of capital stock, net
$356Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.11%Yield on earning assets
3.53%Cost of funding earning assets
5.58%Net interest margin
1.21%Noninterest income to earning assets
3.59%Noninterest expense to earning assets
0.61%Net operating income to assets
0.61%Return on assets (ROA)
0.93%Pretax return on assets
5.18%Return on equity (ROE)
-0.09%Retained earnings to average equity (YTD only)
3.50%Net charge-offs to loans
102.37%Credit loss provision to net charge-offs
1.49%Efficiency ratio
52,860Assets per employee
2.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
101.71%Loss allowance to loans
1.74%Loss allowance to noncurrent loans
29.39%Noncurrent assets plus other real estate owned to assets
3.62%Noncurrent loans to loans
5.91%Net loans and leases to deposits
64.83%Net loans and leases to core deposits
88.59%Equity capital to assets
11.39%Core capital (leverage) ratio
11.41%Tier 1 risk-based capital ratio
16.90%Total risk-based capital ratio
Memoranda
$18Average assets
$57,269Average earning assets
$6,761Average equity
$53,072Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Austin Bank, Rusk, Texas.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: