Founders Bank, SSB in Sugar Land, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 2011

Founders Bank, SSB - Overview

  • General
  • FDIC Certificate #: 58710
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Vista Bank Texas (#20349)
    Federal Reserve ID: 3634433
    Date Established: November 09, 2007
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 463405
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 09, 2007
    Last Structure Change Effective Date: July 01, 2011
    Last Structure Change Process Date: July 06, 2011
    Last Data Update: July 06, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 4690 Sweetwater Blvd., Sugar Land, TX 77479
    County: Fort Bend
    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): Houston, TX (#3360)
    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: $124.0 mil

2000 - 2011 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, 2010)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $140,161Total assets
  • $29,887Cash and due from depository institutions
  • $26,851Interest-bearing balances
  • $10,275Securities
  • $10,250Federal funds sold & reverse repurchase agreements
  • $81,343Net loans & leases
  • $1,192Loan loss allowance
  • $0Trading account assets
  • $1,111Bank premises and fixed assets
  • $5,562Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,733All other assets
  • $140,161Total liabilities and capital
  • $123,112Total liabilities
  • $121,548Total deposits
  • $92,820Interest-bearing deposits
  • $121,548Deposits held in domestic offices
  • 93.25%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,381Other borrowed funds
  • $0Subordinated debt
  • $183All other liabilities
  • $17,049Total equity capital
  • $17,049Total bank equity capital
  • $17,049Perpetual preferred stock
  • $0Common stock
  • $2,225Surplus
  • $19,730Undivided profits
  • Memoranda
  • $-4,906Noncurrent loans and leases
  • $10,077Noncurrent 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)
  • $288Average Assets, year-to-date
  • $128,719Average Assets, quarterly
  • $11,181Volatile liabilities
  • $132,846Insider loans
  • $142,918FHLB advances
  • $10,420Loans and leases held for sale
  • $8,419Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,077Total unused commitments
  • $994Restructured Loans and leases
  • $1,097Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $5,504Total interest income
  • $1,531Total interest expense
  • $3,973Net interest income
  • $1,762Provision for loan and lease losses
  • $515Total noninterest income
  • $0Fiduciary activities
  • $99Service charges on deposit accounts
  • $0Trading account gains & fees
  • $416Additional noninterest income
  • $5,068Total noninterest expense
  • $2,252Salaries and employee benefits
  • $818Premises and equipment expense
  • $1,998Additional noninterest expense
  • -$2,342Pre-tax net operating income
  • $121Securities gains (losses)
  • $0Applicable income taxes
  • -$2,221Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,221Net income attributable to bank
  • $0Net charge-offs
  • -$2,221Cash dividends
  • $1,770Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.37%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 3.15%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 4.02%Noninterest expense to earning assets
  • -1.76%Net operating income to assets
  • -1.67%Return on assets (ROA)
  • -1.67%Pretax return on assets
  • -13.34%Return on equity (ROE)
  • -13.34%Retained earnings to average equity (YTD only)
  • 1.99%Net charge-offs to loans
  • 99.55%Credit loss provision to net charge-offs
  • -0.33%Efficiency ratio
  • 112,923Assets per employee
  • 5.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 3.97%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 66.92%Net loans and leases to core deposits
  • 73.20%Equity capital to assets
  • 12.16%Core capital (leverage) ratio
  • 11.56%Tier 1 risk-based capital ratio
  • 18.65%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $132,846Average earning assets
  • $16,644Average equity
  • $126,056Average loans

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