FDIC Certificate #: 18466 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Texas First Bank (#22420) Federal Reserve ID: 70450 Date Established: January 03, 1962 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 12363 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 03, 1962 Last Structure Change Effective Date: August 14, 2000 Last Structure Change Process Date: November 01, 2000 Last Data Update: November 01, 2000 Data Source Date: April 05, 2012
Location
Address: 8128 Highway 6, Hitchcock, TX 77563 County: Galveston 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 Metropolitan Statistical Area (MSA): Galveston-Texas City, TX (#2920) Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42) Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288) Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420) CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
Financial Summary
Total assets: $70.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
26Total employees (full-time equivalent)
$71,631Total assets
$4,338Cash and due from depository institutions
$0Interest-bearing balances
$40,769Securities
$500Federal funds sold & reverse repurchase agreements
$23,397Net loans & leases
$596Loan loss allowance
$0Trading account assets
$431Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,196All other assets
$71,631Total liabilities and capital
$63,770Total liabilities
$63,090Total deposits
$52,710Interest-bearing deposits
$63,090Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$680All other liabilities
$7,861Total equity capital
$7,861Total bank equity capital
$7,861Perpetual preferred stock
$0Common stock
$500Surplus
$2,000Undivided profits
Memoranda
$5,361Noncurrent loans and leases
$3,416Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$359Earning assets
$0Long-term assets (5+ years)
$167Average Assets, year-to-date
$64,666Average Assets, quarterly
$9,126Volatile liabilities
$76,384Insider loans
$72,332FHLB advances
$10,599Loans and leases held for sale
$307Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,416Total unused commitments
$0Restructured Loans and leases
$411Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$5,221Total interest income
$2,594Total interest expense
$2,627Net interest income
$188Provision for loan and lease losses
$707Total noninterest income
$0Fiduciary activities
$423Service charges on deposit accounts
$0Trading account gains & fees
$284Additional noninterest income
$1,974Total noninterest expense
$834Salaries and employee benefits
$268Premises and equipment expense
$872Additional noninterest expense
$1,172Pre-tax net operating income
$0Securities gains (losses)
$490Applicable income taxes
$682Income before extraordinary items
$0Extraordinary gains - net
$682Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$184Sale, conversion, retirement of capital stock, net
$2,000Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.40%Yield on earning assets
3.68%Cost of funding earning assets
3.73%Net interest margin
1.00%Noninterest income to earning assets
2.80%Noninterest expense to earning assets
0.89%Net operating income to assets
0.89%Return on assets (ROA)
1.53%Pretax return on assets
8.43%Return on equity (ROE)
-16.29%Retained earnings to average equity (YTD only)
0.77%Net charge-offs to loans
102.17%Credit loss provision to net charge-offs
7.39%Efficiency ratio
59,208Assets per employee
2.76%Cash dividends to net income (YTD only)
Condition Ratios (%)
293.26%Loss allowance to loans
2.48%Loss allowance to noncurrent loans
166.02%Noncurrent assets plus other real estate owned to assets
0.50%Noncurrent loans to loans
1.50%Net loans and leases to deposits
37.09%Net loans and leases to core deposits
44.57%Equity capital to assets
10.97%Core capital (leverage) ratio
11.26%Tier 1 risk-based capital ratio
24.85%Total risk-based capital ratio
Memoranda
$26Average assets
$76,384Average earning assets
$8,091Average equity
$70,513Average loans
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