FDIC Certificate #: 21477 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SouthTrust Bank (#849) Federal Reserve ID: 529556 Date Established: March 18, 1974 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 11 (Interstate: No) FDIC's unique #: 14854 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: March 18, 1974 Last Structure Change Effective Date: August 13, 1999 Last Structure Change Process Date: August 20, 1999 Last Data Update: August 20, 1999 Data Source Date: April 05, 2012
Location
Address: 4000 Twin City Highway, Groves, TX 77619 County: Jefferson 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): Beaumont-Port Arthur, TX (#840) Core Based Statistical Area (CBSA): Beaumont-Port Arthur, TX (#13140) CBSA Metro Statistical Area: Beaumont-Port Arthur, TX (#13140)
Financial Summary
Total assets: $493.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
293Total employees (full-time equivalent)
$519,034Total assets
$40,439Cash and due from depository institutions
$13,900Interest-bearing balances
$115,214Securities
$104,732Federal funds sold & reverse repurchase agreements
$231,608Net loans & leases
$3,244Loan loss allowance
$0Trading account assets
$18,293Bank premises and fixed assets
$545Other real estate owned
$4,870Goodwill and other intangibles
$0Life insurance assets
$3,333All other assets
$519,034Total liabilities and capital
$477,303Total liabilities
$473,366Total deposits
$394,830Interest-bearing deposits
$473,366Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$3,937All other liabilities
$41,731Total equity capital
$41,731Total bank equity capital
$41,731Perpetual preferred stock
$0Common stock
$2,000Surplus
$30,475Undivided profits
Memoranda
$9,256Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$975Earning assets
$0Long-term assets (5+ years)
$975Average Assets, year-to-date
$465,454Average Assets, quarterly
$16,657Volatile liabilities
$484,690Insider loans
$508,070FHLB advances
$61,470Loans and leases held for sale
$5,886Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$31,904Total unused commitments
$0Restructured Loans and leases
$289,034Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$32,861Total interest income
$15,380Total interest expense
$17,481Net interest income
$10Provision for loan and lease losses
$6,839Total noninterest income
$145Fiduciary activities
$5,415Service charges on deposit accounts
$0Trading account gains & fees
$1,279Additional noninterest income
$17,733Total noninterest expense
$8,337Salaries and employee benefits
$2,926Premises and equipment expense
$6,470Additional noninterest expense
$6,577Pre-tax net operating income
$0Securities gains (losses)
$2,158Applicable income taxes
$4,419Income before extraordinary items
-$9Extraordinary gains - net
$4,410Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$287Sale, conversion, retirement of capital stock, net
$7,163Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.64%Yield on earning assets
3.57%Cost of funding earning assets
4.06%Net interest margin
1.59%Noninterest income to earning assets
4.12%Noninterest expense to earning assets
0.91%Net operating income to assets
0.91%Return on assets (ROA)
1.36%Pretax return on assets
11.12%Return on equity (ROE)
-6.94%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
3.48%Credit loss provision to net charge-offs
22.95%Efficiency ratio
71,719Assets per employee
1.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
162.43%Loss allowance to loans
1.38%Loss allowance to noncurrent loans
332.72%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.42%Net loans and leases to deposits
48.93%Net loans and leases to core deposits
56.23%Equity capital to assets
8.04%Core capital (leverage) ratio
7.09%Tier 1 risk-based capital ratio
12.57%Total risk-based capital ratio
Memoranda
$14Average assets
$484,690Average earning assets
$39,666Average equity
$430,294Average loans
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