FDIC Certificate #: 19343 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SouthTrust Bank (#849) Federal Reserve ID: 752952 Date Established: January 11, 1965 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 10 (Interstate: No) OTS Docket #: 11296 FDIC's unique #: 13154 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: January 11, 1965 Last Structure Change Effective Date: March 30, 2001 Last Structure Change Process Date: May 15, 2001 Last Data Update: May 15, 2001 Data Source Date: April 05, 2012
Location
Address: 1001 Highway 146, La Porte, TX 77571 County: Harris 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 Metropolitan Statistical Area (MSA): Houston, TX (#3360) Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42) Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288) Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420) CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
Financial Summary
Total assets: $340.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
179Total employees (full-time equivalent)
$340,246Total assets
$18,532Cash and due from depository institutions
$0Interest-bearing balances
$79,082Securities
$16,023Federal funds sold & reverse repurchase agreements
$206,633Net loans & leases
$2,123Loan loss allowance
$0Trading account assets
$8,302Bank premises and fixed assets
$263Other real estate owned
$6,429Goodwill and other intangibles
$0Life insurance assets
$4,982All other assets
$340,246Total liabilities and capital
$309,839Total liabilities
$296,723Total deposits
$231,055Interest-bearing deposits
$296,723Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,000Other borrowed funds
$0Subordinated debt
$2,116All other liabilities
$30,407Total equity capital
$30,407Total bank equity capital
$30,407Perpetual preferred stock
$0Common stock
$1,421Surplus
$19,869Undivided profits
Memoranda
$9,117Noncurrent loans and leases
$32,079Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,362Earning assets
$2,202Long-term assets (5+ years)
$1,269Average Assets, year-to-date
$301,738Average Assets, quarterly
$115,268Volatile liabilities
$326,740Insider loans
$336,289FHLB advances
$35,866Loans and leases held for sale
$4,500Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$32,079Total unused commitments
$0Restructured Loans and leases
$2,123Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$24,388Total interest income
$10,567Total interest expense
$13,821Net interest income
$1,141Provision for loan and lease losses
$4,438Total noninterest income
$0Fiduciary activities
$2,407Service charges on deposit accounts
$0Trading account gains & fees
$2,031Additional noninterest income
$12,502Total noninterest expense
$6,553Salaries and employee benefits
$1,913Premises and equipment expense
$4,036Additional noninterest expense
$4,616Pre-tax net operating income
$0Securities gains (losses)
$1,417Applicable income taxes
$3,199Income before extraordinary items
$0Extraordinary gains - net
$3,199Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,003Sale, conversion, retirement of capital stock, net
$600Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.33%Yield on earning assets
3.61%Cost of funding earning assets
4.72%Net interest margin
1.52%Noninterest income to earning assets
4.27%Noninterest expense to earning assets
0.98%Net operating income to assets
0.98%Return on assets (ROA)
1.41%Pretax return on assets
11.47%Return on equity (ROE)
9.32%Retained earnings to average equity (YTD only)
0.49%Net charge-offs to loans
113.76%Credit loss provision to net charge-offs
5.74%Efficiency ratio
66,318Assets per employee
1.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.76%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
89.88%Noncurrent assets plus other real estate owned to assets
0.77%Noncurrent loans to loans
1.13%Net loans and leases to deposits
69.64%Net loans and leases to core deposits
76.01%Equity capital to assets
8.94%Core capital (leverage) ratio
7.43%Tier 1 risk-based capital ratio
10.12%Total risk-based capital ratio
Memoranda
$11Average assets
$326,740Average earning assets
$27,883Average equity
$292,603Average loans
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