GNB Financial, National Association in Gainesville, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 31, 2007

  • GNB Financial, National Association in Gainesville, Texas (TX)
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GNB Financial, National Association - Overview

  • General
  • FDIC Certificate #: 3208
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Prosperity Bank (#16835)
    Federal Reserve ID: 312954
    Date Established: January 01, 1933
    WWW: http://www.gnbtx.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    OTS Docket #: 10412
    FDIC's unique #: 2066
    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: January 31, 2007
    Last Structure Change Process Date: March 22, 2007
    Last Data Update: March 22, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 East California Street, Gainesville, TX 76240
    County: Cooke
    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
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Gainesville, TX (#23620)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $259.9 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, 2006)

  • Dollar figures in thousands
  • 86Total employees (full-time equivalent)
  • $259,893Total assets
  • $12,987Cash and due from depository institutions
  • $15Interest-bearing balances
  • $11,349Securities
  • $24,080Federal funds sold & reverse repurchase agreements
  • $168,912Net loans & leases
  • $1,336Loan loss allowance
  • $0Trading account assets
  • $8,079Bank premises and fixed assets
  • $0Other real estate owned
  • $26,693Goodwill and other intangibles
  • $4,168Life insurance assets
  • $7,793All other assets
  • $259,893Total liabilities and capital
  • $210,179Total liabilities
  • $199,412Total deposits
  • $134,865Interest-bearing deposits
  • $199,412Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,597Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,260Other borrowed funds
  • $0Subordinated debt
  • $3,910All other liabilities
  • $49,714Total equity capital
  • $49,714Total bank equity capital
  • $49,714Perpetual preferred stock
  • $0Common stock
  • $4,676Surplus
  • $38,725Undivided profits
  • Memoranda
  • $6,313Noncurrent loans and leases
  • $44,872Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7Earning assets
  • $0Long-term assets (5+ years)
  • $1,434Average Assets, year-to-date
  • $204,356Average Assets, quarterly
  • $9,371Volatile liabilities
  • $257,164Insider loans
  • $260,315FHLB advances
  • $31,435Loans and leases held for sale
  • $2,046Unused loan commitments
  • $2,260Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,875Total risk weighted assets
  • $44,872Total unused commitments
  • $0Restructured Loans and leases
  • $1,336Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $17,389Total interest income
  • $3,687Total interest expense
  • $13,702Net interest income
  • $584Provision for loan and lease losses
  • $1,675Total noninterest income
  • $385Fiduciary activities
  • $881Service charges on deposit accounts
  • $0Trading account gains & fees
  • $409Additional noninterest income
  • $10,729Total noninterest expense
  • $5,672Salaries and employee benefits
  • $1,724Premises and equipment expense
  • $3,333Additional noninterest expense
  • $4,064Pre-tax net operating income
  • -$134Securities gains (losses)
  • $1,322Applicable income taxes
  • $2,608Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,608Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,048Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.58%Yield on earning assets
  • 1.82%Cost of funding earning assets
  • 6.76%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 5.29%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.53%Pretax return on assets
  • 5.38%Return on equity (ROE)
  • 5.38%Retained earnings to average equity (YTD only)
  • 0.59%Net charge-offs to loans
  • 55.73%Credit loss provision to net charge-offs
  • 4.44%Efficiency ratio
  • 66,515Assets per employee
  • 3.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.78%Loss allowance to noncurrent loans
  • 19085.71%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 84.71%Net loans and leases to core deposits
  • 97.54%Equity capital to assets
  • 19.13%Core capital (leverage) ratio
  • 10.00%Tier 1 risk-based capital ratio
  • 11.70%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $257,164Average earning assets
  • $48,502Average equity
  • $202,711Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $34,781Managed Assets
  • 1Number of Accounts
  • $33,476Personal trust and agency accounts
  • $31,894Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $1,582Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 104Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,305Other retirement accounts
  • $941Corporate trust and agency accounts
  • $364Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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