Continental State Bank in Alto, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 24, 1994

Continental State Bank in Alto, Texas (TX)
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Continental State Bank - Overview

General
FDIC Certificate #: 8440
Status: Inactive
Closing history: Corrections
Acquiring institution: Fredonia State Bank (#19067)
Federal Reserve ID: 419956
Date Established: January 01, 1903
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 5372
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: January 01, 1934
Last Structure Change Effective Date: June 24, 1994
Last Structure Change Process Date: July 21, 1994
Last Data Update: July 21, 1994
Data Source Date: April 05, 2012
Location
Address: 102 North Marcus Street, Alto, TX 75925
County: Cherokee
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
Combined Statistical Area (CSA): Tyler-Jacksonville, TX (#540)
Core Based Statistical Area (CBSA): Jacksonville, TX (#27380)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Participated in Reorganization
Corrections
Financial Summary
Total assets: $21.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$10Total assets
$20,595Cash and due from depository institutions
$2,388Interest-bearing balances
$500Securities
$11,995Federal funds sold & reverse repurchase agreements
$1,500Net loans & leases
$4,232Loan loss allowance
$103Trading account assets
$0Bank premises and fixed assets
$62Other real estate owned
$190Goodwill and other intangibles
$228Life insurance assets
$0All other assets
$0Total liabilities and capital
$20,595Total liabilities
$18,908Total deposits
$18,796Interest-bearing deposits
$15,708Deposits held in domestic offices
18796.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$112Total equity capital
$112Total bank equity capital
$1,687Perpetual preferred stock
$0Common stock
$184Surplus
$820Undivided profits
Memoranda
$683Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$59Income earned, not collected on loans
$53Earning assets
$18,227Long-term assets (5+ years)
$4,266Average Assets, year-to-date
$20,943Average Assets, quarterly
$20,709Volatile liabilities
$1,396Insider loans
$452FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,687Total risk weighted assets
$6,761Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$1,277Total interest expense
$522Net interest income
$755Provision for loan and lease losses
-$26Total noninterest income
$131Fiduciary activities
$0Service charges on deposit accounts
$116Trading account gains & fees
$0Additional noninterest income
$15Total noninterest expense
$608Salaries and employee benefits
$282Premises and equipment expense
$49Additional noninterest expense
$277Pre-tax net operating income
$304Securities gains (losses)
$0Applicable income taxes
$90Income before extraordinary items
$214Extraordinary gains - net
$0Net income attributable to bank
$214Net charge-offs
-$4Cash dividends
$92Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.74%Cost of funding earning assets
2.76%Net interest margin
3.99%Noninterest income to earning assets
0.69%Noninterest expense to earning assets
3.21%Net operating income to assets
1.02%Return on assets (ROA)
1.02%Pretax return on assets
1.45%Return on equity (ROE)
13.00%Retained earnings to average equity (YTD only)
7.41%Net charge-offs to loans
-0.09%Credit loss provision to net charge-offs
650.00%Efficiency ratio
68,623Assets per employee
2.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.99%Loss allowance to loans
2.38%Loss allowance to noncurrent loans
174.58%Noncurrent assets plus other real estate owned to assets
1.21%Noncurrent loans to loans
1.36%Net loans and leases to deposits
22.52%Net loans and leases to core deposits
24.32%Equity capital to assets
8.19%Core capital (leverage) ratio
8.13%Tier 1 risk-based capital ratio
24.95%Total risk-based capital ratio
Memoranda
$26Average assets
$20,943Average earning assets
$1,646Average equity
$18,946Average loans

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