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

This bank is inactive as of September 01, 1993

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

General
FDIC Certificate #: 1200
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Bank of West Texas (#18411)
Federal Reserve ID: 820057
Date Established: January 01, 1908
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 822
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: September 01, 1993
Last Structure Change Process Date: September 02, 1993
Last Data Update: September 02, 1993
Data Source Date: April 05, 2012
Location
Address: Main Street, Loraine, TX 79532
County: Mitchell
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
Financial Summary
Total assets: $10.8 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$8Total assets
$10,834Cash and due from depository institutions
$461Interest-bearing balances
$79Securities
$6,155Federal funds sold & reverse repurchase agreements
$1,000Net loans & leases
$3,024Loan loss allowance
$78Trading account assets
$0Bank premises and fixed assets
$56Other real estate owned
$29Goodwill and other intangibles
$109Life insurance assets
$0All other assets
$0Total liabilities and capital
$10,834Total liabilities
$10,351Total deposits
$10,278Interest-bearing deposits
$9,444Deposits held in domestic offices
10278.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$73Total equity capital
$73Total bank equity capital
$483Perpetual preferred stock
$0Common stock
$150Surplus
$250Undivided profits
Memoranda
$83Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$59Income earned, not collected on loans
$40Earning assets
$10,258Long-term assets (5+ years)
$1,289Average Assets, year-to-date
$11,146Average Assets, quarterly
$10,646Volatile liabilities
$335Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$19Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$483Total risk weighted assets
$4,632Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$770Total interest expense
$393Net interest income
$377Provision for loan and lease losses
$66Total noninterest income
$98Fiduciary activities
$0Service charges on deposit accounts
$83Trading account gains & fees
$0Additional noninterest income
$15Total noninterest expense
$412Salaries and employee benefits
$206Premises and equipment expense
$48Additional noninterest expense
$158Pre-tax net operating income
-$3Securities gains (losses)
$0Applicable income taxes
$0Income before extraordinary items
-$3Extraordinary gains - net
$0Net income attributable to bank
-$3Net charge-offs
$224Cash 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
7.39%Cost of funding earning assets
3.77%Net interest margin
3.62%Noninterest income to earning assets
0.94%Noninterest expense to earning assets
3.95%Net operating income to assets
-0.03%Return on assets (ROA)
-0.03%Pretax return on assets
-0.03%Return on equity (ROE)
-0.64%Retained earnings to average equity (YTD only)
-0.64%Net charge-offs to loans
6.53%Credit loss provision to net charge-offs
29.46%Efficiency ratio
86,737Assets per employee
1.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.51%Loss allowance to noncurrent loans
132.20%Noncurrent assets plus other real estate owned to assets
0.81%Noncurrent loans to loans
1.90%Net loans and leases to deposits
29.42%Net loans and leases to core deposits
30.41%Equity capital to assets
4.46%Core capital (leverage) ratio
4.56%Tier 1 risk-based capital ratio
10.43%Total risk-based capital ratio
Memoranda
$12Average assets
$11,146Average earning assets
$465Average equity
$10,426Average loans

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