FDIC Certificate #: 18853 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Franklin Bank, S.S.B. (#26870) Federal Reserve ID: 480862 Date Established: July 22, 1963 WWW:http://www.cedarcreekbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 10850 FDIC's unique #: 12708 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: August 01, 1963 Last Structure Change Effective Date: December 04, 2004 Last Structure Change Process Date: January 13, 2005 Last Data Update: January 13, 2005 Data Source Date: April 05, 2012
Location
Address: Highway 85, Seven Points, TX 75143 County: Henderson 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): Dallas, TX (#1920) Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31) Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Athens, TX (#11980) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $104.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
50Total employees (full-time equivalent)
$104,266Total assets
$16,880Cash and due from depository institutions
$13,672Interest-bearing balances
$28,849Securities
$600Federal funds sold & reverse repurchase agreements
$52,545Net loans & leases
$651Loan loss allowance
$0Trading account assets
$1,899Bank premises and fixed assets
$89Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,404All other assets
$104,266Total liabilities and capital
$93,342Total liabilities
$92,895Total deposits
$69,897Interest-bearing deposits
$92,895Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$447All other liabilities
$10,924Total equity capital
$10,924Total bank equity capital
$10,924Perpetual preferred stock
$0Common stock
$185Surplus
$4,815Undivided profits
Memoranda
$5,924Noncurrent loans and leases
$8,610Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$211Earning assets
$115Long-term assets (5+ years)
$542Average Assets, year-to-date
$95,666Average Assets, quarterly
$13,051Volatile liabilities
$104,235Insider loans
$104,425FHLB advances
$11,711Loans and leases held for sale
$1,349Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,610Total unused commitments
$0Restructured Loans and leases
$651Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$5,458Total interest income
$1,173Total interest expense
$4,285Net interest income
$50Provision for loan and lease losses
$1,177Total noninterest income
$0Fiduciary activities
$934Service charges on deposit accounts
$0Trading account gains & fees
$243Additional noninterest income
$4,032Total noninterest expense
$2,226Salaries and employee benefits
$580Premises and equipment expense
$1,226Additional noninterest expense
$1,380Pre-tax net operating income
$4Securities gains (losses)
$0Applicable income taxes
$1,384Income before extraordinary items
$0Extraordinary gains - net
$1,384Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$196Sale, conversion, retirement of capital stock, net
$1,155Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.70%Yield on earning assets
1.22%Cost of funding earning assets
4.47%Net interest margin
1.23%Noninterest income to earning assets
4.21%Noninterest expense to earning assets
1.32%Net operating income to assets
1.33%Return on assets (ROA)
1.33%Pretax return on assets
12.47%Return on equity (ROE)
2.06%Retained earnings to average equity (YTD only)
0.36%Net charge-offs to loans
25.51%Credit loss provision to net charge-offs
7.30%Efficiency ratio
73,819Assets per employee
2.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
83.45%Loss allowance to loans
1.22%Loss allowance to noncurrent loans
308.53%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.40%Net loans and leases to deposits
56.56%Net loans and leases to core deposits
64.72%Equity capital to assets
10.48%Core capital (leverage) ratio
10.09%Tier 1 risk-based capital ratio
17.08%Total risk-based capital ratio
Memoranda
$18Average assets
$104,235Average earning assets
$11,096Average equity
$95,798Average loans
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