FDIC Certificate #: 34638 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Bank (#12229) Federal Reserve ID: 2723581 Date Established: September 03, 1998 WWW:http://www.finbnetbank.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 60861 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: September 03, 1998 Last Structure Change Effective Date: May 17, 2006 Last Structure Change Process Date: July 06, 2006 Last Data Update: July 06, 2006 Data Source Date: April 05, 2012
Location
Address: 400 Midway Road, Plano, TX 75093 County: Collin 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: $70.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
19Total employees (full-time equivalent)
$75,388Total assets
$1,870Cash and due from depository institutions
$510Interest-bearing balances
$225Securities
$8,650Federal funds sold & reverse repurchase agreements
$60,260Net loans & leases
$870Loan loss allowance
$0Trading account assets
$3,257Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,126All other assets
$75,388Total liabilities and capital
$67,430Total liabilities
$66,075Total deposits
$55,601Interest-bearing deposits
$66,075Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,188Other borrowed funds
$0Subordinated debt
$167All other liabilities
$7,958Total equity capital
$7,958Total bank equity capital
$7,958Perpetual preferred stock
$0Common stock
$3,623Surplus
$4,185Undivided profits
Memoranda
$150Noncurrent loans and leases
$16,674Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,563Earning assets
$0Long-term assets (5+ years)
$325Average Assets, year-to-date
$69,645Average Assets, quarterly
$3,693Volatile liabilities
$71,711Insider loans
$75,920FHLB advances
$19,090Loans and leases held for sale
$1,173Unused loan commitments
$1,188Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,674Total unused commitments
$0Restructured Loans and leases
$667Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$4,850Total interest income
$1,624Total interest expense
$3,226Net interest income
$0Provision for loan and lease losses
$113Total noninterest income
$0Fiduciary activities
$73Service charges on deposit accounts
$0Trading account gains & fees
$40Additional noninterest income
$2,846Total noninterest expense
$1,611Salaries and employee benefits
$408Premises and equipment expense
$827Additional noninterest expense
$493Pre-tax net operating income
$0Securities gains (losses)
$172Applicable income taxes
$321Income before extraordinary items
$0Extraordinary gains - net
$321Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.34%Yield on earning assets
2.46%Cost of funding earning assets
4.88%Net interest margin
0.17%Noninterest income to earning assets
4.30%Noninterest expense to earning assets
0.45%Net operating income to assets
0.45%Return on assets (ROA)
0.69%Pretax return on assets
4.14%Return on equity (ROE)
4.14%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
85,235Assets per employee
3.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.42%Loss allowance to noncurrent loans
55.66%Noncurrent assets plus other real estate owned to assets
2.07%Noncurrent loans to loans
2.56%Net loans and leases to deposits
91.20%Net loans and leases to core deposits
128.25%Equity capital to assets
10.56%Core capital (leverage) ratio
10.18%Tier 1 risk-based capital ratio
14.98%Total risk-based capital ratio
Memoranda
$16Average assets
$71,711Average earning assets
$7,755Average equity
$66,112Average loans
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