Citizens State Bank in Gorman, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 1995

Citizens State Bank in Gorman, Texas (TX)
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Citizens State Bank - Overview

General
FDIC Certificate #: 26589
Status: Inactive
Closing history: Corrections
Acquiring institution: Security State Bank (#22424)
Federal Reserve ID: 265658
Date Established: Febuary 27, 1986
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 35294
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: Febuary 27, 1986
Last Structure Change Effective Date: March 31, 1995
Last Structure Change Process Date: April 17, 1995
Last Data Update: May 08, 1995
Data Source Date: April 05, 2012
Location
Address: 115 South Fisher, Gorman, TX 76454
County: Eastland
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
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $15.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$12Total assets
$15,936Cash and due from depository institutions
$836Interest-bearing balances
$3Securities
$9,286Federal funds sold & reverse repurchase agreements
$800Net loans & leases
$4,379Loan loss allowance
$203Trading account assets
$0Bank premises and fixed assets
$228Other real estate owned
$149Goodwill and other intangibles
$250Life insurance assets
$8All other assets
$0Total liabilities and capital
$15,936Total liabilities
$14,454Total deposits
$14,371Interest-bearing deposits
$12,506Deposits held in domestic offices
14371.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$83Total equity capital
$83Total bank equity capital
$1,482Perpetual preferred stock
$0Common stock
$350Surplus
$753Undivided profits
Memoranda
$379Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$198Income earned, not collected on loans
$59Earning assets
$14,468Long-term assets (5+ years)
$4,084Average Assets, year-to-date
$16,400Average Assets, quarterly
$15,831Volatile liabilities
$1,000Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$9Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,514Total risk weighted assets
$6,009Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,095Total interest expense
$397Net interest income
$698Provision for loan and lease losses
-$34Total noninterest income
$116Fiduciary activities
$0Service charges on deposit accounts
$67Trading account gains & fees
$0Additional noninterest income
$49Total noninterest expense
$729Salaries and employee benefits
$267Premises and equipment expense
$67Additional noninterest expense
$395Pre-tax net operating income
$119Securities gains (losses)
$0Applicable income taxes
$46Income before extraordinary items
$73Extraordinary gains - net
$0Net income attributable to bank
$73Net charge-offs
$71Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.27%Cost of funding earning assets
2.64%Net interest margin
4.64%Noninterest income to earning assets
0.77%Noninterest expense to earning assets
4.84%Net operating income to assets
0.45%Return on assets (ROA)
0.45%Pretax return on assets
0.73%Return on equity (ROE)
4.99%Retained earnings to average equity (YTD only)
4.99%Net charge-offs to loans
1.40%Credit loss provision to net charge-offs
-47.89%Efficiency ratio
88,821Assets per employee
1.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.43%Loss allowance to noncurrent loans
102.53%Noncurrent assets plus other real estate owned to assets
2.18%Noncurrent loans to loans
4.32%Net loans and leases to deposits
30.47%Net loans and leases to core deposits
32.75%Equity capital to assets
9.30%Core capital (leverage) ratio
9.55%Tier 1 risk-based capital ratio
25.20%Total risk-based capital ratio
Memoranda
$26Average assets
$16,400Average earning assets
$1,462Average equity
$15,054Average loans

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