First State Bank in Vega, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1993

First State Bank in Vega, Texas (TX)
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First State Bank - Overview

General
FDIC Certificate #: 11890
Status: Inactive
Closing history: Corrections
Acquiring institution: Citizens State Bank of Dalhart (#1182)
Federal Reserve ID: 276261
Date Established: October 05, 1908
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 7593
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: January 01, 1934
Last Structure Change Effective Date: April 01, 1993
Last Structure Change Process Date: April 05, 1993
Last Data Update: April 05, 1993
Data Source Date: April 05, 2012
Location
Address: Main Street, Vega, TX 79092
County: Oldham
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
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $21.4 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$10Total assets
$21,444Cash and due from depository institutions
$1,320Interest-bearing balances
$0Securities
$2,743Federal funds sold & reverse repurchase agreements
$700Net loans & leases
$15,861Loan loss allowance
$405Trading account assets
$0Bank premises and fixed assets
$148Other real estate owned
$11Goodwill and other intangibles
$661Life insurance assets
$0All other assets
$0Total liabilities and capital
$21,444Total liabilities
$21,110Total deposits
$20,743Interest-bearing deposits
$17,341Deposits held in domestic offices
20743.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$130Subordinated debt
$0All other liabilities
$237Total equity capital
$237Total bank equity capital
$334Perpetual preferred stock
$0Common stock
$300Surplus
$800Undivided profits
Memoranda
$-766Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$612Income earned, not collected on loans
$566Earning assets
$19,304Long-term assets (5+ years)
$1,465Average Assets, year-to-date
$24,302Average Assets, quarterly
$23,145Volatile liabilities
$2,830Insider loans
$15FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,128Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$334Total risk weighted assets
$18,480Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$2,046Total interest expense
$766Net interest income
$1,280Provision for loan and lease losses
$918Total noninterest income
$278Fiduciary activities
$0Service charges on deposit accounts
$210Trading account gains & fees
$0Additional noninterest income
$68Total noninterest expense
$3,671Salaries and employee benefits
$289Premises and equipment expense
$90Additional noninterest expense
$3,292Pre-tax net operating income
-$3,031Securities gains (losses)
$9Applicable income taxes
$0Income before extraordinary items
-$3,022Extraordinary gains - net
$0Net income attributable to bank
-$3,022Net charge-offs
$872Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.55%Cost of funding earning assets
3.57%Net interest margin
5.97%Noninterest income to earning assets
1.30%Noninterest expense to earning assets
17.13%Net operating income to assets
-12.47%Return on assets (ROA)
-12.44%Pretax return on assets
-12.44%Return on equity (ROE)
-221.62%Retained earnings to average equity (YTD only)
-221.62%Net charge-offs to loans
4.95%Credit loss provision to net charge-offs
105.28%Efficiency ratio
235,623Assets per employee
2.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.49%Loss allowance to noncurrent loans
66.18%Noncurrent assets plus other real estate owned to assets
2.91%Noncurrent loans to loans
3.76%Net loans and leases to deposits
76.46%Net loans and leases to core deposits
87.91%Equity capital to assets
1.56%Core capital (leverage) ratio
1.29%Tier 1 risk-based capital ratio
1.81%Total risk-based capital ratio
Memoranda
$3Average assets
$24,302Average earning assets
$1,364Average equity
$21,430Average loans

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