FDIC Certificate #: 14256 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens State Bank (#11905) Federal Reserve ID: 277950 Date Established: January 01, 1902 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 8904 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: April 17, 1934 Last Structure Change Effective Date: Febuary 02, 2008 Last Structure Change Process Date: Febuary 28, 2008 Last Data Update: Febuary 28, 2008 Data Source Date: April 05, 2012
Location
Address: First And Devine, Groveton, TX 75845 County: Trinity 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
Financial Summary
Total assets: $38.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
14Total employees (full-time equivalent)
$38,364Total assets
$1,901Cash and due from depository institutions
$0Interest-bearing balances
$18,900Securities
$1,810Federal funds sold & reverse repurchase agreements
$15,341Net loans & leases
$129Loan loss allowance
$0Trading account assets
$41Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$371All other assets
$38,364Total liabilities and capital
$34,539Total liabilities
$34,228Total deposits
$28,285Interest-bearing deposits
$34,228Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$311All other liabilities
$3,825Total equity capital
$3,825Total bank equity capital
$3,825Perpetual preferred stock
$0Common stock
$500Surplus
$2,000Undivided profits
Memoranda
$1,325Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$31Earning assets
$0Long-term assets (5+ years)
$318Average Assets, year-to-date
$36,051Average Assets, quarterly
$3,050Volatile liabilities
$37,669Insider loans
$37,823FHLB advances
$6,148Loans and leases held for sale
$134Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$129Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$2,088Total interest income
$888Total interest expense
$1,200Net interest income
$35Provision for loan and lease losses
$436Total noninterest income
$0Fiduciary activities
$333Service charges on deposit accounts
$0Trading account gains & fees
$103Additional noninterest income
$1,090Total noninterest expense
$547Salaries and employee benefits
$97Premises and equipment expense
$446Additional noninterest expense
$511Pre-tax net operating income
$2Securities gains (losses)
$0Applicable income taxes
$513Income before extraordinary items
$0Extraordinary gains - net
$513Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$35Sale, conversion, retirement of capital stock, net
$410Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.93%Yield on earning assets
2.52%Cost of funding earning assets
3.41%Net interest margin
1.24%Noninterest income to earning assets
3.09%Noninterest expense to earning assets
1.36%Net operating income to assets
1.36%Return on assets (ROA)
1.36%Pretax return on assets
14.52%Return on equity (ROE)
2.92%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
15.60%Efficiency ratio
66,626Assets per employee
2.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
79.92%Loss allowance to loans
0.83%Loss allowance to noncurrent loans
416.13%Noncurrent assets plus other real estate owned to assets
0.08%Noncurrent loans to loans
0.20%Net loans and leases to deposits
44.82%Net loans and leases to core deposits
54.63%Equity capital to assets
9.97%Core capital (leverage) ratio
10.41%Tier 1 risk-based capital ratio
21.42%Total risk-based capital ratio
Memoranda
$22Average assets
$37,669Average earning assets
$3,533Average equity
$35,228Average loans
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