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

This bank is inactive as of September 13, 1996

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

General
FDIC Certificate #: 11551
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Norwest Bank Texas, Waco, National Association (#5571)
Federal Reserve ID: 908955
Date Established: January 01, 1909
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 7381
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 13, 1996
Last Structure Change Process Date: September 26, 1996
Last Data Update: September 26, 1996
Data Source Date: April 05, 2012
Location
Address: 121 Magnolia Street, Hubbard, TX 76648
County: Hill
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: $96.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$31Total assets
$90,092Cash and due from depository institutions
$3,494Interest-bearing balances
$0Securities
$44,276Federal funds sold & reverse repurchase agreements
$11,700Net loans & leases
$28,553Loan loss allowance
$685Trading account assets
$0Bank premises and fixed assets
$938Other real estate owned
$0Goodwill and other intangibles
$1,071Life insurance assets
$60All other assets
$0Total liabilities and capital
$90,092Total liabilities
$82,825Total deposits
$82,288Interest-bearing deposits
$72,982Deposits held in domestic offices
82288.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$537Total equity capital
$537Total bank equity capital
$7,267Perpetual preferred stock
$0Common stock
$400Surplus
$1,600Undivided profits
Memoranda
$5,267Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$551Income earned, not collected on loans
$391Earning assets
$84,529Long-term assets (5+ years)
$12,211Average Assets, year-to-date
$85,905Average Assets, quarterly
$88,863Volatile liabilities
$6,848Insider loans
$715FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,302Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,120Total risk weighted assets
$39,410Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$6,793Total interest expense
$3,266Net interest income
$3,527Provision for loan and lease losses
$40Total noninterest income
$436Fiduciary activities
$0Service charges on deposit accounts
$363Trading account gains & fees
$0Additional noninterest income
$73Total noninterest expense
$1,761Salaries and employee benefits
$1,037Premises and equipment expense
$240Additional noninterest expense
$484Pre-tax net operating income
$2,162Securities gains (losses)
$0Applicable income taxes
$703Income before extraordinary items
$1,459Extraordinary gains - net
$0Net income attributable to bank
$1,459Net charge-offs
-$89Cash dividends
$800Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.44%Cost of funding earning assets
4.06%Net interest margin
4.38%Noninterest income to earning assets
0.54%Noninterest expense to earning assets
2.19%Net operating income to assets
1.70%Return on assets (ROA)
1.70%Pretax return on assets
2.52%Return on equity (ROE)
21.57%Retained earnings to average equity (YTD only)
9.74%Net charge-offs to loans
-0.30%Credit loss provision to net charge-offs
-44.94%Efficiency ratio
44,058Assets per employee
2.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.83%Loss allowance to loans
2.34%Loss allowance to noncurrent loans
124.32%Noncurrent assets plus other real estate owned to assets
0.61%Noncurrent loans to loans
1.88%Net loans and leases to deposits
34.70%Net loans and leases to core deposits
37.85%Equity capital to assets
8.07%Core capital (leverage) ratio
7.88%Tier 1 risk-based capital ratio
18.07%Total risk-based capital ratio
Memoranda
$19Average assets
$85,905Average earning assets
$6,763Average equity
$80,454Average loans

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