Garden Ridge State Bank in Garden Ridge, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 31, 1995

Garden Ridge State Bank in Garden Ridge, Texas (TX)
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Garden Ridge State Bank - Overview

General
FDIC Certificate #: 26544
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: American Bank of Texas - Seguin (#11577)
Federal Reserve ID: 440156
Date Established: Febuary 12, 1986
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 35233
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: Febuary 12, 1986
Last Structure Change Effective Date: August 31, 1995
Last Structure Change Process Date: September 27, 1995
Last Data Update: September 27, 1995
Data Source Date: April 05, 2012
Location
Address: 19501 Fm 3009 #1, Garden Ridge, TX 78266
County: Comal
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Austin
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): San Antonio, TX (#7240)
Core Based Statistical Area (CBSA): San Antonio-New Braunfels, TX (#41700)
CBSA Metro Statistical Area: San Antonio-New Braunfels, TX (#41700)
Financial Summary
Total assets: $11.7 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)
$6Total assets
$11,904Cash and due from depository institutions
$851Interest-bearing balances
$0Securities
$6,571Federal funds sold & reverse repurchase agreements
$1,225Net loans & leases
$3,085Loan loss allowance
$55Trading account assets
$0Bank premises and fixed assets
$18Other real estate owned
$0Goodwill and other intangibles
$154Life insurance assets
$0All other assets
$0Total liabilities and capital
$11,904Total liabilities
$10,395Total deposits
$10,363Interest-bearing deposits
$7,585Deposits held in domestic offices
10363.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$32Total equity capital
$32Total bank equity capital
$1,509Perpetual preferred stock
$0Common stock
$600Surplus
$1,050Undivided profits
Memoranda
$-141Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$22Earning assets
$10,881Long-term assets (5+ years)
$800Average Assets, year-to-date
$11,320Average Assets, quarterly
$11,922Volatile liabilities
$950Insider loans
$14FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$253Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,509Total risk weighted assets
$3,755Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$680Total interest expense
$219Net interest income
$461Provision for loan and lease losses
-$63Total noninterest income
$114Fiduciary activities
$0Service charges on deposit accounts
$102Trading account gains & fees
$0Additional noninterest income
$12Total noninterest expense
$413Salaries and employee benefits
$220Premises and equipment expense
$33Additional noninterest expense
$160Pre-tax net operating income
$225Securities gains (losses)
$0Applicable income taxes
$0Income before extraordinary items
$225Extraordinary gains - net
$0Net income attributable to bank
$225Net charge-offs
$13Cash dividends
$0Sale, 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
6.56%Cost of funding earning assets
2.11%Net interest margin
4.45%Noninterest income to earning assets
1.10%Noninterest expense to earning assets
3.99%Net operating income to assets
1.99%Return on assets (ROA)
1.99%Pretax return on assets
1.99%Return on equity (ROE)
15.92%Retained earnings to average equity (YTD only)
15.92%Net charge-offs to loans
0.42%Credit loss provision to net charge-offs
-484.62%Efficiency ratio
71,826Assets per employee
1.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.75%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
29.77%Net loans and leases to core deposits
32.77%Equity capital to assets
12.68%Core capital (leverage) ratio
12.29%Tier 1 risk-based capital ratio
40.18%Total risk-based capital ratio
Memoranda
$41Average assets
$11,320Average earning assets
$1,413Average equity
$10,361Average loans

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