FDIC Certificate #: 24497 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Summit National Bank (#27199) Federal Reserve ID: 216258 Date Established: May 16, 1983 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 17024 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 16, 1983 Last Structure Change Effective Date: April 01, 2006 Last Structure Change Process Date: May 11, 2006 Last Data Update: May 11, 2006 Data Source Date: April 05, 2012
Location
Address: 6588 Corporate Drive, Houston, TX 77036 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: $120.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
17Total employees (full-time equivalent)
$116,044Total assets
$595Cash and due from depository institutions
$9Interest-bearing balances
$7,255Securities
$3,550Federal funds sold & reverse repurchase agreements
$95,928Net loans & leases
$1,100Loan loss allowance
$0Trading account assets
$7,155Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,561All other assets
$116,044Total liabilities and capital
$104,365Total liabilities
$102,722Total deposits
$96,124Interest-bearing deposits
$102,722Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,643All other liabilities
$11,679Total equity capital
$11,679Total bank equity capital
$11,679Perpetual preferred stock
$0Common stock
$3,100Surplus
$3,973Undivided profits
Memoranda
$4,606Noncurrent loans and leases
$4,690Noncurrent 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)
$431Average Assets, year-to-date
$106,742Average Assets, quarterly
$3,837Volatile liabilities
$112,700Insider loans
$114,005FHLB advances
$61,632Loans and leases held for sale
$873Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,690Total unused commitments
$0Restructured Loans and leases
$1,100Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$7,719Total interest income
$2,826Total interest expense
$4,893Net interest income
$100Provision for loan and lease losses
$165Total noninterest income
$0Fiduciary activities
$60Service charges on deposit accounts
$0Trading account gains & fees
$105Additional noninterest income
$3,617Total noninterest expense
$2,211Salaries and employee benefits
$391Premises and equipment expense
$1,015Additional noninterest expense
$1,341Pre-tax net operating income
$0Securities gains (losses)
$460Applicable income taxes
$881Income before extraordinary items
$0Extraordinary gains - net
$881Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.48%Yield on earning assets
2.74%Cost of funding earning assets
4.74%Net interest margin
0.16%Noninterest income to earning assets
3.50%Noninterest expense to earning assets
0.78%Net operating income to assets
0.78%Return on assets (ROA)
1.19%Pretax return on assets
7.73%Return on equity (ROE)
7.73%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
71,510Assets per employee
6.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.13%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
93.39%Net loans and leases to core deposits
233.46%Equity capital to assets
10.06%Core capital (leverage) ratio
10.10%Tier 1 risk-based capital ratio
11.13%Total risk-based capital ratio
Memoranda
$12Average assets
$112,700Average earning assets
$11,399Average equity
$103,211Average loans
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