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

This bank is inactive as of May 17, 2008

First National Bank in Fairfield, Texas (TX)
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First National Bank - Overview

General
FDIC Certificate #: 5541
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community National Bank & Trust of Texas (#18185)
Federal Reserve ID: 595560
Date Established: August 01, 1907
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 13367
FDIC's unique #: 3765
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: January 01, 1934
Last Structure Change Effective Date: May 17, 2008
Last Structure Change Process Date: June 03, 2008
Last Data Update: June 03, 2008
Data Source Date: April 05, 2012
Location
Address: 101 North Mount, Fairfield, TX 75840
County: Freestone
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
Financial Summary
Total assets: $116.1 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, 2007)

Dollar figures in thousands
32Total employees (full-time equivalent)
$118,230Total assets
$4,494Cash and due from depository institutions
$106Interest-bearing balances
$41,256Securities
$4,470Federal funds sold & reverse repurchase agreements
$58,728Net loans & leases
$1,073Loan loss allowance
$0Trading account assets
$3,154Bank premises and fixed assets
$53Other real estate owned
$529Goodwill and other intangibles
$3,520Life insurance assets
$5,546All other assets
$118,230Total liabilities and capital
$104,302Total liabilities
$102,396Total deposits
$76,779Interest-bearing deposits
$102,396Deposits held in domestic offices
0.00%% insured (estimated)
$810Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,096All other liabilities
$13,928Total equity capital
$13,928Total bank equity capital
$13,928Perpetual preferred stock
$0Common stock
$494Surplus
$4,527Undivided profits
Memoranda
$8,907Noncurrent loans and leases
$7,079Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$369Earning assets
$0Long-term assets (5+ years)
$829Average Assets, year-to-date
$104,560Average Assets, quarterly
$32,561Volatile liabilities
$118,584Insider loans
$116,857FHLB advances
$25,030Loans and leases held for sale
$891Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,079Total unused commitments
$0Restructured Loans and leases
$838Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$6,802Total interest income
$2,360Total interest expense
$4,442Net interest income
-$235Provision for loan and lease losses
$1,106Total noninterest income
$0Fiduciary activities
$726Service charges on deposit accounts
$0Trading account gains & fees
$380Additional noninterest income
$3,747Total noninterest expense
$1,638Salaries and employee benefits
$427Premises and equipment expense
$1,682Additional noninterest expense
$2,036Pre-tax net operating income
$9Securities gains (losses)
$571Applicable income taxes
$1,474Income before extraordinary items
$0Extraordinary gains - net
$1,474Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$60Sale, conversion, retirement of capital stock, net
$680Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.42%Yield on earning assets
2.23%Cost of funding earning assets
4.19%Net interest margin
1.04%Noninterest income to earning assets
3.54%Noninterest expense to earning assets
1.24%Net operating income to assets
1.24%Return on assets (ROA)
1.72%Pretax return on assets
11.32%Return on equity (ROE)
6.10%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
-391.67%Credit loss provision to net charge-offs
30.02%Efficiency ratio
67,538Assets per employee
3.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
46.13%Loss allowance to loans
1.79%Loss allowance to noncurrent loans
290.79%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
0.62%Net loans and leases to deposits
57.35%Net loans and leases to core deposits
75.12%Equity capital to assets
11.78%Core capital (leverage) ratio
11.64%Tier 1 risk-based capital ratio
20.02%Total risk-based capital ratio
Memoranda
$21Average assets
$118,584Average earning assets
$13,020Average equity
$105,915Average loans

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