FDIC Certificate #: 18611 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens National Bank (#3250) Federal Reserve ID: 204965 Date Established: December 04, 1954 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 12496 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: December 04, 1954 Last Structure Change Effective Date: July 23, 1998 Last Structure Change Process Date: August 25, 1998 Last Data Update: August 25, 1998 Data Source Date: April 05, 2012
Location
Address: Spur 156 And Magnolia Road, Waskom, TX 75692 County: Harrison 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 Metropolitan Statistical Area (MSA): Longview-Marshall, TX (#4420) Combined Statistical Area (CSA): Longview-Marshall, TX (#346) Core Based Statistical Area (CBSA): Marshall, TX (#32220) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $27.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
12Total employees (full-time equivalent)
$25,979Total assets
$1,733Cash and due from depository institutions
$596Interest-bearing balances
$14,353Securities
$650Federal funds sold & reverse repurchase agreements
$7,339Net loans & leases
$37Loan loss allowance
$0Trading account assets
$282Bank premises and fixed assets
$149Other real estate owned
$1,212Goodwill and other intangibles
$0Life insurance assets
$261All other assets
$25,979Total liabilities and capital
$22,335Total liabilities
$22,114Total deposits
$18,448Interest-bearing deposits
$22,114Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$221All other liabilities
$3,644Total equity capital
$3,644Total bank equity capital
$3,644Perpetual preferred stock
$0Common stock
$125Surplus
$3,351Undivided profits
Memoranda
$168Noncurrent loans and leases
$0Noncurrent 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)
$64Average Assets, year-to-date
$22,938Average Assets, quarterly
$1,964Volatile liabilities
$25,577Insider loans
$25,749FHLB advances
$2,368Loans and leases held for sale
$8Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$555Total unused commitments
$0Restructured Loans and leases
$8,857Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$1,592Total interest income
$702Total interest expense
$890Net interest income
$30Provision for loan and lease losses
$225Total noninterest income
$0Fiduciary activities
$169Service charges on deposit accounts
$0Trading account gains & fees
$56Additional noninterest income
$862Total noninterest expense
$413Salaries and employee benefits
$101Premises and equipment expense
$348Additional noninterest expense
$223Pre-tax net operating income
$10Securities gains (losses)
$87Applicable income taxes
$146Income before extraordinary items
$0Extraordinary gains - net
$146Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$11Sale, conversion, retirement of capital stock, net
$76Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.11%Yield on earning assets
3.14%Cost of funding earning assets
3.98%Net interest margin
1.01%Noninterest income to earning assets
3.85%Noninterest expense to earning assets
0.55%Net operating income to assets
0.57%Return on assets (ROA)
0.91%Pretax return on assets
4.06%Return on equity (ROE)
1.95%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
272.73%Credit loss provision to net charge-offs
23.00%Efficiency ratio
69,417Assets per employee
2.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.05%Loss allowance to loans
0.50%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.57%Noncurrent loans to loans
0.00%Net loans and leases to deposits
33.19%Net loans and leases to core deposits
37.17%Equity capital to assets
14.03%Core capital (leverage) ratio
9.59%Tier 1 risk-based capital ratio
26.63%Total risk-based capital ratio
Memoranda
$27Average assets
$25,577Average earning assets
$3,598Average equity
$22,380Average loans
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