FDIC Certificate #: 16674 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First United Bank and Trust Company (#4239) Federal Reserve ID: 558556 Date Established: January 01, 1909 WWW:http://www.fmbank.net Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 12970 FDIC's unique #: 10803 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 25, 1948 Last Structure Change Effective Date: March 25, 2005 Last Structure Change Process Date: March 31, 2005 Last Data Update: March 31, 2005 Data Source Date: April 05, 2012
Location
Address: 146 W Mcart Street, Krum, TX 76249 County: Denton 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): Dallas-Fort Worth-Arlington, TX (#19100) CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100) Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
Financial Summary
Total assets: $155.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
70Total employees (full-time equivalent)
$155,255Total assets
$11,674Cash and due from depository institutions
$556Interest-bearing balances
$16,496Securities
$5,782Federal funds sold & reverse repurchase agreements
$115,165Net loans & leases
$492Loan loss allowance
$0Trading account assets
$1,794Bank premises and fixed assets
$500Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,844All other assets
$155,255Total liabilities and capital
$143,420Total liabilities
$142,152Total deposits
$106,658Interest-bearing deposits
$142,152Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$111Other borrowed funds
$0Subordinated debt
$1,157All other liabilities
$11,835Total equity capital
$11,835Total bank equity capital
$11,835Perpetual preferred stock
$0Common stock
$215Surplus
$6,284Undivided profits
Memoranda
$5,336Noncurrent loans and leases
$8,792Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$467Earning assets
$0Long-term assets (5+ years)
$904Average Assets, year-to-date
$137,999Average Assets, quarterly
$56,889Volatile liabilities
$139,295Insider loans
$149,820FHLB advances
$26,241Loans and leases held for sale
$103Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,792Total unused commitments
$0Restructured Loans and leases
$492Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$8,966Total interest income
$1,843Total interest expense
$7,123Net interest income
$575Provision for loan and lease losses
$5,605Total noninterest income
$0Fiduciary activities
$1,656Service charges on deposit accounts
$0Trading account gains & fees
$3,949Additional noninterest income
$9,323Total noninterest expense
$5,291Salaries and employee benefits
$1,380Premises and equipment expense
$2,652Additional noninterest expense
$2,830Pre-tax net operating income
-$18Securities gains (losses)
$0Applicable income taxes
$2,812Income before extraordinary items
$0Extraordinary gains - net
$2,812Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$697Sale, conversion, retirement of capital stock, net
$883Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.23%Yield on earning assets
1.49%Cost of funding earning assets
5.75%Net interest margin
4.52%Noninterest income to earning assets
7.52%Noninterest expense to earning assets
2.03%Net operating income to assets
2.02%Return on assets (ROA)
2.02%Pretax return on assets
25.74%Return on equity (ROE)
17.66%Retained earnings to average equity (YTD only)
0.68%Net charge-offs to loans
82.50%Credit loss provision to net charge-offs
4.89%Efficiency ratio
73,248Assets per employee
2.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.40%Loss allowance to loans
0.43%Loss allowance to noncurrent loans
105.35%Noncurrent assets plus other real estate owned to assets
0.62%Noncurrent loans to loans
0.40%Net loans and leases to deposits
81.02%Net loans and leases to core deposits
99.36%Equity capital to assets
7.62%Core capital (leverage) ratio
8.05%Tier 1 risk-based capital ratio
10.21%Total risk-based capital ratio
Memoranda
$11Average assets
$139,295Average earning assets
$10,923Average equity
$123,949Average loans
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