FirstBank in city_name, state_name - Detailed Financial Reports, Location

FirstBank in Los Fresnos, Texas (TX)
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FirstBank - Overview

General
FDIC Certificate #: 12508
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Valley Bank (#11166)
Federal Reserve ID: 634852
Date Established: October 04, 1928
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 11 (Interstate: No)
OTS Docket #: 10823
FDIC's unique #: 7957
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: June 01, 1995
Last Structure Change Process Date: June 27, 1995
Last Data Update: June 27, 1995
Data Source Date: April 05, 2012
Location
Address: 203 North Arroyo Boulevard, Los Fresnos, TX 78566
County: Cameron
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): Brownsville-Harlingen-San Benito, TX (#1240)
Combined Statistical Area (CSA): Brownsville-Harlingen-Raymondville, TX (#154)
Core Based Statistical Area (CBSA): Brownsville-Harlingen, TX (#15180)
CBSA Metro Statistical Area: Brownsville-Harlingen, TX (#15180)
Financial Summary
Total assets: $234.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$159Total assets
$224,844Cash and due from depository institutions
$12,275Interest-bearing balances
$200Securities
$68,310Federal funds sold & reverse repurchase agreements
$3,505Net loans & leases
$128,029Loan loss allowance
$1,427Trading account assets
$0Bank premises and fixed assets
$8,893Other real estate owned
$73Goodwill and other intangibles
$3,420Life insurance assets
$339All other assets
$0Total liabilities and capital
$224,844Total liabilities
$209,859Total deposits
$208,684Interest-bearing deposits
$150,299Deposits held in domestic offices
208684.00%% insured (estimated)
$83Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$200Subordinated debt
$0All other liabilities
$975Total equity capital
$975Total bank equity capital
$14,985Perpetual preferred stock
$0Common stock
$825Surplus
$5,175Undivided profits
Memoranda
$8,985Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$880Income earned, not collected on loans
$945Earning assets
$200,044Long-term assets (5+ years)
$1,760Average Assets, year-to-date
$210,538Average Assets, quarterly
$217,750Volatile liabilities
$23,807Insider loans
$3,344FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$12,097Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$15,889Total risk weighted assets
$127,076Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$14,235Total interest expense
$4,397Net interest income
$9,838Provision for loan and lease losses
$77Total noninterest income
$3,035Fiduciary activities
$0Service charges on deposit accounts
$2,385Trading account gains & fees
$0Additional noninterest income
$650Total noninterest expense
$8,745Salaries and employee benefits
$4,142Premises and equipment expense
$1,527Additional noninterest expense
$3,076Pre-tax net operating income
$4,051Securities gains (losses)
-$21Applicable income taxes
$1,380Income before extraordinary items
$2,650Extraordinary gains - net
$0Net income attributable to bank
$2,650Net charge-offs
$74Cash dividends
$300Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.61%Cost of funding earning assets
2.35%Net interest margin
5.26%Noninterest income to earning assets
1.62%Noninterest expense to earning assets
4.67%Net operating income to assets
1.27%Return on assets (ROA)
1.26%Pretax return on assets
1.91%Return on equity (ROE)
18.30%Retained earnings to average equity (YTD only)
16.23%Net charge-offs to loans
0.06%Credit loss provision to net charge-offs
104.05%Efficiency ratio
67,482Assets per employee
1.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
11.32%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
162.16%Noncurrent assets plus other real estate owned to assets
0.42%Noncurrent loans to loans
0.68%Net loans and leases to deposits
61.35%Net loans and leases to core deposits
69.18%Equity capital to assets
6.66%Core capital (leverage) ratio
7.22%Tier 1 risk-based capital ratio
12.50%Total risk-based capital ratio
Memoranda
$14Average assets
$210,538Average earning assets
$14,482Average equity
$187,112Average loans

FirstBank in Los Fresnos, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

FirstBank - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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FirstBank in Los Fresnos, Texas (TX)Overview, Financial Summary, Detailed Financial Reports, Branches

FirstBank - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

FirstBank in Los Fresnos, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches