Bank of East Texas in Chester, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 23, 1993

Bank of East Texas in Chester, Texas (TX)
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Bank of East Texas - Overview

General
FDIC Certificate #: 26473
Status: Inactive
Closing history: Corrections
Acquiring institution: West Side Bank and Trust (#18915)
Federal Reserve ID: 879251
Date Established: November 22, 1985
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 33138
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: November 22, 1985
Last Structure Change Effective Date: March 23, 1993
Last Structure Change Process Date: April 01, 1993
Last Data Update: August 24, 1994
Data Source Date: April 05, 2012
Location
Address: Highway 287, Chester, TX 75936
County: Tyler
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Houston
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $8.2 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$8,162Cash and due from depository institutions
$524Interest-bearing balances
$99Securities
$5,361Federal funds sold & reverse repurchase agreements
$875Net loans & leases
$1,076Loan loss allowance
$31Trading account assets
$0Bank premises and fixed assets
$129Other real estate owned
$46Goodwill and other intangibles
$151Life insurance assets
$0All other assets
$0Total liabilities and capital
$8,162Total liabilities
$7,553Total deposits
$7,508Interest-bearing deposits
$6,715Deposits held in domestic offices
7508.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$45Total equity capital
$45Total bank equity capital
$609Perpetual preferred stock
$0Common stock
$250Surplus
$250Undivided profits
Memoranda
$109Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$14Income earned, not collected on loans
$9Earning assets
$7,411Long-term assets (5+ years)
$775Average Assets, year-to-date
$8,667Average Assets, quarterly
$8,288Volatile liabilities
$200Insider loans
$24FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$609Total risk weighted assets
$1,931Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$549Total interest expense
$310Net interest income
$239Provision for loan and lease losses
$20Total noninterest income
$95Fiduciary activities
$0Service charges on deposit accounts
$71Trading account gains & fees
$0Additional noninterest income
$24Total noninterest expense
$281Salaries and employee benefits
$122Premises and equipment expense
$55Additional noninterest expense
$104Pre-tax net operating income
$33Securities gains (losses)
$42Applicable income taxes
$13Income before extraordinary items
$62Extraordinary gains - net
$0Net income attributable to bank
$62Net charge-offs
$21Cash dividends
$0Sale, 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
6.91%Cost of funding earning assets
3.90%Net interest margin
3.01%Noninterest income to earning assets
1.20%Noninterest expense to earning assets
3.54%Net operating income to assets
0.31%Return on assets (ROA)
0.72%Pretax return on assets
0.87%Return on equity (ROE)
10.84%Retained earnings to average equity (YTD only)
10.84%Net charge-offs to loans
1.59%Credit loss provision to net charge-offs
95.24%Efficiency ratio
84,132Assets per employee
1.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.80%Loss allowance to noncurrent loans
221.43%Noncurrent assets plus other real estate owned to assets
0.74%Noncurrent loans to loans
1.26%Net loans and leases to deposits
14.33%Net loans and leases to core deposits
14.72%Equity capital to assets
7.46%Core capital (leverage) ratio
7.34%Tier 1 risk-based capital ratio
31.54%Total risk-based capital ratio
Memoranda
$33Average assets
$8,667Average earning assets
$572Average equity
$7,949Average loans

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