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

This bank is inactive as of March 23, 1993

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

General
FDIC Certificate #: 9016
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: West Side Bank and Trust (#18915)
Federal Reserve ID: 493666
Date Established: January 01, 1913
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 5758
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: March 23, 1993
Last Structure Change Process Date: April 01, 1993
Last Data Update: April 01, 1993
Data Source Date: April 05, 2012
Location
Address: Main Street, Wells, TX 75976
County: Cherokee
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Houston
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Combined Statistical Area (CSA): Tyler-Jacksonville, TX (#540)
Core Based Statistical Area (CBSA): Jacksonville, TX (#27380)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $11.5 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$8Total assets
$11,545Cash and due from depository institutions
$729Interest-bearing balances
$99Securities
$7,822Federal funds sold & reverse repurchase agreements
$950Net loans & leases
$1,702Loan loss allowance
$33Trading account assets
$0Bank premises and fixed assets
$125Other real estate owned
$52Goodwill and other intangibles
$165Life insurance assets
$0All other assets
$0Total liabilities and capital
$11,545Total liabilities
$10,482Total deposits
$10,422Interest-bearing deposits
$9,034Deposits held in domestic offices
10422.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$60Total equity capital
$60Total bank equity capital
$1,063Perpetual preferred stock
$0Common stock
$140Surplus
$260Undivided profits
Memoranda
$663Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$12Earning assets
$10,573Long-term assets (5+ years)
$894Average Assets, year-to-date
$11,991Average Assets, quarterly
$11,631Volatile liabilities
$1,160Insider loans
$131FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$58Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,063Total risk weighted assets
$2,726Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$881Total interest expense
$408Net interest income
$473Provision for loan and lease losses
-$10Total noninterest income
$71Fiduciary activities
$0Service charges on deposit accounts
$63Trading account gains & fees
$0Additional noninterest income
$8Total noninterest expense
$398Salaries and employee benefits
$190Premises and equipment expense
$68Additional noninterest expense
$140Pre-tax net operating income
$156Securities gains (losses)
$122Applicable income taxes
$90Income before extraordinary items
$188Extraordinary gains - net
$0Net income attributable to bank
$188Net charge-offs
$5Cash dividends
$175Sale, 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
7.87%Cost of funding earning assets
3.65%Net interest margin
4.23%Noninterest income to earning assets
0.63%Noninterest expense to earning assets
3.56%Net operating income to assets
0.88%Return on assets (ROA)
1.57%Pretax return on assets
2.32%Return on equity (ROE)
17.67%Retained earnings to average equity (YTD only)
1.22%Net charge-offs to loans
0.24%Credit loss provision to net charge-offs
-200.00%Efficiency ratio
73,162Assets per employee
1.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
93.09%Loss allowance to loans
1.90%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.45%Noncurrent loans to loans
0.00%Net loans and leases to deposits
16.33%Net loans and leases to core deposits
18.38%Equity capital to assets
9.21%Core capital (leverage) ratio
9.05%Tier 1 risk-based capital ratio
39.00%Total risk-based capital ratio
Memoranda
$40Average assets
$11,991Average earning assets
$1,064Average equity
$11,191Average loans

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