FDIC Certificate #: 11908 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:InterBank (#27210) Federal Reserve ID: 248950 Date Established: November 19, 1919 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 7606 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 31, 2010 Last Structure Change Process Date: January 04, 2011 Last Data Update: January 04, 2011 Data Source Date: April 05, 2012
Location
Address: 11th Street At Cleveland, Friona, TX 79035 County: Parmer Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Lubbock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West
Financial Summary
Total assets: $89.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
24Total employees (full-time equivalent)
$86,755Total assets
$4,445Cash and due from depository institutions
$3,226Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$75,969Net loans & leases
$823Loan loss allowance
$0Trading account assets
$2,544Bank premises and fixed assets
$722Other real estate owned
$804Goodwill and other intangibles
$0Life insurance assets
$2,271All other assets
$86,755Total liabilities and capital
$76,947Total liabilities
$76,768Total deposits
$51,907Interest-bearing deposits
$76,768Deposits held in domestic offices
83.31%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$179All other liabilities
$9,808Total equity capital
$9,808Total bank equity capital
$9,808Perpetual preferred stock
$0Common stock
$1,000Surplus
$7,676Undivided profits
Memoranda
$1,132Noncurrent loans and leases
$19,590Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$391Earning assets
$0Long-term assets (5+ years)
$1,047Average Assets, year-to-date
$79,195Average Assets, quarterly
$20,969Volatile liabilities
$83,854Insider loans
$85,316FHLB advances
$14,517Loans and leases held for sale
$2,449Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,590Total unused commitments
$0Restructured Loans and leases
$823Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$4,076Total interest income
$686Total interest expense
$3,390Net interest income
$295Provision for loan and lease losses
$453Total noninterest income
$0Fiduciary activities
$332Service charges on deposit accounts
$0Trading account gains & fees
$121Additional noninterest income
$1,755Total noninterest expense
$846Salaries and employee benefits
$168Premises and equipment expense
$741Additional noninterest expense
$1,793Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,793Income before extraordinary items
$0Extraordinary gains - net
$1,793Net income attributable to bank
$0Net charge-offs
$1,793Cash dividends
$256Sale, conversion, retirement of capital stock, net
$1,497Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.32%Yield on earning assets
0.90%Cost of funding earning assets
4.43%Net interest margin
0.59%Noninterest income to earning assets
2.29%Noninterest expense to earning assets
2.14%Net operating income to assets
2.14%Return on assets (ROA)
2.14%Pretax return on assets
18.58%Return on equity (ROE)
3.07%Retained earnings to average equity (YTD only)
0.34%Net charge-offs to loans
115.23%Credit loss provision to net charge-offs
8.16%Efficiency ratio
45,667Assets per employee
3.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
83.49%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
210.49%Noncurrent assets plus other real estate owned to assets
1.28%Noncurrent loans to loans
0.51%Net loans and leases to deposits
98.96%Net loans and leases to core deposits
122.04%Equity capital to assets
11.31%Core capital (leverage) ratio
10.20%Tier 1 risk-based capital ratio
11.70%Total risk-based capital ratio
Memoranda
$13Average assets
$83,854Average earning assets
$9,650Average equity
$76,555Average loans
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