FDIC Certificate #: 9021 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Legend Bank, N.A. (#3108) Federal Reserve ID: 98557 Date Established: January 01, 1931 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 14272 FDIC's unique #: 5762 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 10, 2007 Last Structure Change Process Date: November 26, 2007 Last Data Update: November 26, 2007 Data Source Date: April 05, 2012
Location
Address: 502 North Center Street, Bonham, TX 75418 County: Fannin 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): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Bonham, TX (#14300) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $89.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
31Total employees (full-time equivalent)
$95,722Total assets
$7,135Cash and due from depository institutions
$1,992Interest-bearing balances
$40,076Securities
$3,180Federal funds sold & reverse repurchase agreements
$40,594Net loans & leases
$498Loan loss allowance
$0Trading account assets
$901Bank premises and fixed assets
$190Other real estate owned
$0Goodwill and other intangibles
$2,132Life insurance assets
$3,646All other assets
$95,722Total liabilities and capital
$86,367Total liabilities
$85,225Total deposits
$66,589Interest-bearing deposits
$85,225Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,142All other liabilities
$9,355Total equity capital
$9,355Total bank equity capital
$9,355Perpetual preferred stock
$0Common stock
$890Surplus
$2,710Undivided profits
Memoranda
$5,755Noncurrent loans and leases
$3,952Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$179Earning assets
$0Long-term assets (5+ years)
$666Average Assets, year-to-date
$85,842Average Assets, quarterly
$20,639Volatile liabilities
$96,109Insider loans
$94,902FHLB advances
$11,822Loans and leases held for sale
$1,904Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,952Total unused commitments
$0Restructured Loans and leases
$498Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$4,988Total interest income
$2,030Total interest expense
$2,958Net interest income
$60Provision for loan and lease losses
$815Total noninterest income
$0Fiduciary activities
$520Service charges on deposit accounts
$0Trading account gains & fees
$295Additional noninterest income
$2,632Total noninterest expense
$1,451Salaries and employee benefits
$415Premises and equipment expense
$766Additional noninterest expense
$1,081Pre-tax net operating income
-$1Securities gains (losses)
$202Applicable income taxes
$878Income before extraordinary items
$0Extraordinary gains - net
$878Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$13Sale, conversion, retirement of capital stock, net
$712Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.71%Yield on earning assets
2.33%Cost of funding earning assets
3.39%Net interest margin
0.93%Noninterest income to earning assets
3.02%Noninterest expense to earning assets
0.91%Net operating income to assets
0.91%Return on assets (ROA)
1.12%Pretax return on assets
9.37%Return on equity (ROE)
1.77%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
461.54%Credit loss provision to net charge-offs
87.77%Efficiency ratio
69,759Assets per employee
3.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
81.09%Loss allowance to loans
1.21%Loss allowance to noncurrent loans
278.21%Noncurrent assets plus other real estate owned to assets
0.39%Noncurrent loans to loans
0.44%Net loans and leases to deposits
47.63%Net loans and leases to core deposits
55.30%Equity capital to assets
9.77%Core capital (leverage) ratio
10.10%Tier 1 risk-based capital ratio
20.48%Total risk-based capital ratio
Memoranda
$22Average assets
$96,109Average earning assets
$9,374Average equity
$87,287Average loans
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