FDIC Certificate #: 25881 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Western Bank (#1720) Federal Reserve ID: 172354 Date Established: January 22, 1985 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 32124 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 22, 1985 Last Structure Change Effective Date: Febuary 11, 2005 Last Structure Change Process Date: March 24, 2005 Last Data Update: March 24, 2005 Data Source Date: April 05, 2012
Location
Address: 5701 82nd Street, Lubbock, TX 79464 County: Lubbock 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 Metropolitan Statistical Area (MSA): Lubbock, TX (#4600) Combined Statistical Area (CSA): Lubbock-Levelland, TX (#352) Core Based Statistical Area (CBSA): Lubbock, TX (#31180) CBSA Metro Statistical Area: Lubbock, TX (#31180)
Financial Summary
Total assets: $31.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
12Total employees (full-time equivalent)
$31,479Total assets
$1,666Cash and due from depository institutions
$0Interest-bearing balances
$5,963Securities
$40Federal funds sold & reverse repurchase agreements
$19,134Net loans & leases
$1,216Loan loss allowance
$0Trading account assets
$979Bank premises and fixed assets
$405Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,292All other assets
$31,479Total liabilities and capital
$29,782Total liabilities
$29,501Total deposits
$22,943Interest-bearing deposits
$29,501Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$281All other liabilities
$1,697Total equity capital
$1,697Total bank equity capital
$1,697Perpetual preferred stock
$0Common stock
$1,646Surplus
$4,336Undivided profits
Memoranda
$-4,285Noncurrent loans and leases
$941Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,671Earning assets
$16Long-term assets (5+ years)
$378Average Assets, year-to-date
$25,137Average Assets, quarterly
$6,491Volatile liabilities
$36,346Insider loans
$33,194FHLB advances
$13,326Loans and leases held for sale
$374Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$941Total unused commitments
$60Restructured Loans and leases
$284Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$1,716Total interest income
$670Total interest expense
$1,046Net interest income
$3,789Provision for loan and lease losses
-$208Total noninterest income
$0Fiduciary activities
$147Service charges on deposit accounts
$0Trading account gains & fees
-$355Additional noninterest income
$2,202Total noninterest expense
$611Salaries and employee benefits
$202Premises and equipment expense
$1,389Additional noninterest expense
-$5,153Pre-tax net operating income
$0Securities gains (losses)
-$1,752Applicable income taxes
-$3,402Income before extraordinary items
$0Extraordinary gains - net
-$3,402Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$5,344Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.63%Yield on earning assets
2.20%Cost of funding earning assets
3.43%Net interest margin
-0.68%Noninterest income to earning assets
7.22%Noninterest expense to earning assets
-9.36%Net operating income to assets
-9.36%Return on assets (ROA)
-14.18%Pretax return on assets
-159.02%Return on equity (ROE)
-159.02%Retained earnings to average equity (YTD only)
21.48%Net charge-offs to loans
70.90%Credit loss provision to net charge-offs
-0.26%Efficiency ratio
262,768Assets per employee
2.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.98%Loss allowance to noncurrent loans
26.03%Noncurrent assets plus other real estate owned to assets
16.13%Noncurrent loans to loans
22.95%Net loans and leases to deposits
64.86%Net loans and leases to core deposits
118.29%Equity capital to assets
5.39%Core capital (leverage) ratio
0.95%Tier 1 risk-based capital ratio
1.39%Total risk-based capital ratio
Memoranda
$3Average assets
$36,346Average earning assets
$2,139Average equity
$30,495Average loans
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