FDIC Certificate #: 16768 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Texas Bank and Trust Company (#17842) Federal Reserve ID: 608367 Date Established: Febuary 25, 1949 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 10881 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 25, 1949 Last Structure Change Effective Date: October 28, 2011 Last Structure Change Process Date: November 15, 2011 Last Data Update: November 15, 2011 Data Source Date: April 05, 2012
Location
Address: 660 West Main Street, Van, TX 75790 County: Van Zandt 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: $42.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
16Total employees (full-time equivalent)
$42,749Total assets
$5,729Cash and due from depository institutions
$4,045Interest-bearing balances
$3,861Securities
$0Federal funds sold & reverse repurchase agreements
$32,144Net loans & leases
$345Loan loss allowance
$0Trading account assets
$199Bank premises and fixed assets
$48Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$768All other assets
$42,749Total liabilities and capital
$36,134Total liabilities
$36,102Total deposits
$27,579Interest-bearing deposits
$36,102Deposits held in domestic offices
99.55%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$32All other liabilities
$6,615Total equity capital
$6,615Total bank equity capital
$6,615Perpetual preferred stock
$0Common stock
$240Surplus
$1,760Undivided profits
Memoranda
$4,615Noncurrent loans and leases
$1,895Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$195Average Assets, year-to-date
$40,050Average Assets, quarterly
$13,261Volatile liabilities
$43,028Insider loans
$42,737FHLB advances
$9,269Loans and leases held for sale
$195Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,895Total unused commitments
$0Restructured Loans and leases
$331Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$2,212Total interest income
$370Total interest expense
$1,842Net interest income
$56Provision for loan and lease losses
$344Total noninterest income
$0Fiduciary activities
$229Service charges on deposit accounts
$0Trading account gains & fees
$115Additional noninterest income
$1,434Total noninterest expense
$846Salaries and employee benefits
$146Premises and equipment expense
$442Additional noninterest expense
$696Pre-tax net operating income
$0Securities gains (losses)
$227Applicable income taxes
$469Income before extraordinary items
$0Extraordinary gains - net
$469Net income attributable to bank
$0Net charge-offs
$469Cash dividends
$46Sale, conversion, retirement of capital stock, net
$192Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.50%Yield on earning assets
0.92%Cost of funding earning assets
4.58%Net interest margin
0.86%Noninterest income to earning assets
3.57%Noninterest expense to earning assets
1.09%Net operating income to assets
1.09%Return on assets (ROA)
1.62%Pretax return on assets
7.24%Return on equity (ROE)
4.28%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
121.74%Credit loss provision to net charge-offs
16.35%Efficiency ratio
65,599Assets per employee
2.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.94%Loss allowance to loans
1.06%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.00%Net loans and leases to deposits
89.04%Net loans and leases to core deposits
119.79%Equity capital to assets
15.47%Core capital (leverage) ratio
15.36%Tier 1 risk-based capital ratio
24.88%Total risk-based capital ratio
Memoranda
$26Average assets
$43,028Average earning assets
$6,474Average equity
$40,182Average loans
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