FDIC Certificate #: 18411 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Western Bank (#1720) Federal Reserve ID: 943255 Date Established: July 01, 1961 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 12152 FDIC's unique #: 12317 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: July 01, 1961 Last Structure Change Effective Date: May 14, 2009 Last Structure Change Process Date: June 01, 2009 Last Data Update: June 01, 2009 Data Source Date: April 05, 2012
Location
Address: 500 West Broadway, Coahoma, TX 79511 County: Howard Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Lubbock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Big Spring, TX (#13700) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $130.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
50Total employees (full-time equivalent)
$129,575Total assets
$11,464Cash and due from depository institutions
$7,084Interest-bearing balances
$25,393Securities
$2,855Federal funds sold & reverse repurchase agreements
$83,204Net loans & leases
$986Loan loss allowance
$0Trading account assets
$2,814Bank premises and fixed assets
$0Other real estate owned
$101Goodwill and other intangibles
$1,174Life insurance assets
$3,744All other assets
$129,575Total liabilities and capital
$120,893Total liabilities
$116,307Total deposits
$91,236Interest-bearing deposits
$116,307Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,684Other borrowed funds
$0Subordinated debt
$902All other liabilities
$8,682Total equity capital
$8,682Total bank equity capital
$8,682Perpetual preferred stock
$0Common stock
$335Surplus
$4,997Undivided profits
Memoranda
$3,350Noncurrent loans and leases
$2,790Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$774Earning assets
$0Long-term assets (5+ years)
$1,040Average Assets, year-to-date
$118,536Average Assets, quarterly
$31,486Volatile liabilities
$128,383Insider loans
$130,335FHLB advances
$33,665Loans and leases held for sale
$49Unused loan commitments
$3,677Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,790Total unused commitments
$433Restructured Loans and leases
$986Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$7,566Total interest income
$3,045Total interest expense
$4,521Net interest income
$258Provision for loan and lease losses
$1,145Total noninterest income
$14Fiduciary activities
$787Service charges on deposit accounts
$0Trading account gains & fees
$344Additional noninterest income
$4,451Total noninterest expense
$2,475Salaries and employee benefits
$662Premises and equipment expense
$1,314Additional noninterest expense
$957Pre-tax net operating income
-$480Securities gains (losses)
$121Applicable income taxes
$356Income before extraordinary items
$0Extraordinary gains - net
$356Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$140Sale, conversion, retirement of capital stock, net
$150Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.41%Yield on earning assets
2.58%Cost of funding earning assets
3.83%Net interest margin
0.97%Noninterest income to earning assets
3.77%Noninterest expense to earning assets
0.56%Net operating income to assets
0.28%Return on assets (ROA)
0.37%Pretax return on assets
4.17%Return on equity (ROE)
2.42%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
184.29%Credit loss provision to net charge-offs
8.68%Efficiency ratio
78,556Assets per employee
2.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.13%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
127.39%Noncurrent assets plus other real estate owned to assets
0.60%Noncurrent loans to loans
0.92%Net loans and leases to deposits
71.54%Net loans and leases to core deposits
100.68%Equity capital to assets
6.70%Core capital (leverage) ratio
6.69%Tier 1 risk-based capital ratio
9.67%Total risk-based capital ratio
Memoranda
$11Average assets
$128,383Average earning assets
$8,528Average equity
$118,039Average loans
Total Fiduciary and Related Assets (December 31, 2008)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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