First Bank Howe in Howe, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 15, 2000

First Bank Howe in Howe, Texas (TX)
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First Bank Howe - Overview

General
FDIC Certificate #: 19122
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Independent Bank (#3076)
Federal Reserve ID: 846758
Date Established: May 23, 1964
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 12954
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: May 23, 1964
Last Structure Change Effective Date: September 15, 2000
Last Structure Change Process Date: November 14, 2000
Last Data Update: November 14, 2000
Data Source Date: April 05, 2012
Location
Address: 100 South Denny Street, Howe, TX 75459
County: Grayson
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): Sherman-Denison, TX (#7640)
Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
Core Based Statistical Area (CBSA): Sherman-Denison, TX (#43300)
CBSA Metro Statistical Area: Sherman-Denison, TX (#43300)
Financial Summary
Total assets: $39.4 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
18Total employees (full-time equivalent)
$35,948Total assets
$2,771Cash and due from depository institutions
$0Interest-bearing balances
$5,046Securities
$0Federal funds sold & reverse repurchase agreements
$26,324Net loans & leases
$213Loan loss allowance
$0Trading account assets
$1,487Bank premises and fixed assets
$0Other real estate owned
$21Goodwill and other intangibles
$0Life insurance assets
$299All other assets
$35,948Total liabilities and capital
$33,623Total liabilities
$33,133Total deposits
$25,370Interest-bearing deposits
$33,133Deposits held in domestic offices
0.00%% insured (estimated)
$290Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$200All other liabilities
$2,325Total equity capital
$2,325Total bank equity capital
$2,325Perpetual preferred stock
$0Common stock
$600Surplus
$1,405Undivided profits
Memoranda
$320Noncurrent loans and leases
$4,320Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$128Earning assets
$0Long-term assets (5+ years)
$212Average Assets, year-to-date
$31,370Average Assets, quarterly
$3,374Volatile liabilities
$31,703Insider loans
$35,177FHLB advances
$3,982Loans and leases held for sale
$692Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,320Total unused commitments
$0Restructured Loans and leases
$213Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$2,632Total interest income
$979Total interest expense
$1,653Net interest income
$55Provision for loan and lease losses
$258Total noninterest income
$0Fiduciary activities
$233Service charges on deposit accounts
$0Trading account gains & fees
$25Additional noninterest income
$1,487Total noninterest expense
$808Salaries and employee benefits
$201Premises and equipment expense
$478Additional noninterest expense
$369Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$369Income before extraordinary items
$0Extraordinary gains - net
$369Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$145Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.32%Yield on earning assets
3.47%Cost of funding earning assets
5.85%Net interest margin
0.91%Noninterest income to earning assets
5.26%Noninterest expense to earning assets
1.16%Net operating income to assets
1.16%Return on assets (ROA)
1.16%Pretax return on assets
16.83%Return on equity (ROE)
10.22%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
77,185Assets per employee
2.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
39.30%Loss allowance to loans
0.80%Loss allowance to noncurrent loans
166.41%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
0.48%Net loans and leases to deposits
79.45%Net loans and leases to core deposits
89.41%Equity capital to assets
6.47%Core capital (leverage) ratio
6.54%Tier 1 risk-based capital ratio
8.37%Total risk-based capital ratio
Memoranda
$9Average assets
$31,703Average earning assets
$2,192Average equity
$28,250Average loans

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