FDIC Certificate #: 58751 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Charter Bank (#18660) Federal Reserve ID: 3595785 Date Established: Febuary 17, 2009 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 466531 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: Febuary 17, 2009 Last Structure Change Effective Date: Febuary 01, 2011 Last Structure Change Process Date: Febuary 03, 2011 Last Data Update: Febuary 03, 2011 Data Source Date: April 05, 2012
Location
Address: 3701 Saratoga Boulevard, Corpus Christi, TX 78415 County: Nueces 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): Corpus Christi, TX (#1880) Combined Statistical Area (CSA): Corpus Christi-Kingsville, TX (#204) Core Based Statistical Area (CBSA): Corpus Christi, TX (#18580) CBSA Metro Statistical Area: Corpus Christi, TX (#18580)
Financial Summary
Total assets: $18.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
7Total employees (full-time equivalent)
$17,996Total assets
$1,972Cash and due from depository institutions
$1,442Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$13,962Net loans & leases
$254Loan loss allowance
$0Trading account assets
$1,844Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$218All other assets
$17,996Total liabilities and capital
$13,084Total liabilities
$12,955Total deposits
$11,352Interest-bearing deposits
$12,955Deposits held in domestic offices
92.63%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$129All other liabilities
$4,912Total equity capital
$4,912Total bank equity capital
$4,912Perpetual preferred stock
$0Common stock
$100Surplus
$4,900Undivided profits
Memoranda
$-88Noncurrent loans and leases
$3,692Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$71Average Assets, year-to-date
$15,404Average Assets, quarterly
$1,082Volatile liabilities
$19,965Insider loans
$19,630FHLB advances
$7,712Loans and leases held for sale
$1,233Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,692Total unused commitments
$0Restructured Loans and leases
$193Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$1,220Total interest income
$248Total interest expense
$972Net interest income
$101Provision for loan and lease losses
$77Total noninterest income
$0Fiduciary activities
$44Service charges on deposit accounts
$0Trading account gains & fees
$33Additional noninterest income
$799Total noninterest expense
$357Salaries and employee benefits
$178Premises and equipment expense
$264Additional noninterest expense
$149Pre-tax net operating income
$0Securities gains (losses)
$54Applicable income taxes
$95Income before extraordinary items
$0Extraordinary gains - net
$95Net income attributable to bank
$0Net charge-offs
$95Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.03%Yield on earning assets
1.43%Cost of funding earning assets
5.60%Net interest margin
0.44%Noninterest income to earning assets
4.61%Noninterest expense to earning assets
0.48%Net operating income to assets
0.48%Return on assets (ROA)
0.75%Pretax return on assets
1.96%Return on equity (ROE)
1.96%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
76,168Assets per employee
2.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.79%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
107.77%Net loans and leases to core deposits
266.30%Equity capital to assets
27.29%Core capital (leverage) ratio
24.21%Tier 1 risk-based capital ratio
31.25%Total risk-based capital ratio
Memoranda
$32Average assets
$19,965Average earning assets
$4,850Average equity
$17,347Average loans
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