FDIC Certificate #: 16495 Status: Active Federal Reserve ID: 339054 Bank Holding Company (Regulatory Top Holder): Gsb Bancshares, Inc. (RSSDID: 1103896, Location: Gruver, TX) Date Established: September 07, 1946 WWW:http://www.gruverstatebank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 12892 FDIC's unique #: 10655 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: October 08, 1946 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 3 Main Plaza, Gruver, TX 79040 County: Hansford 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
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $61.4 mil Equity capital: $7.0 mil Deposits held in domestic offices: $54.2 mil Return on assets (ROA): 1.53% ($0.9 mil) Quarterly return on assets: 1.26% ($0.8 mil) Return on Equity (ROE): 12.16% ($0.9 mil) Quarterly return on equity: 10.51% ($0.7 mil) Net income: $0.9 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.53% ($938.7 mil) Quarterly Pretax return on assets: 1.26% ($773.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
12Total employees (full-time equivalent)
$61,353Total assets
$6,479Cash and due from depository institutions
$1,883Interest-bearing balances
$24,767Securities
$1,500Federal funds sold & reverse repurchase agreements
$25,406Net loans & leases
$324Loan loss allowance
$0Trading account assets
$216Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$61,353Life insurance assets
$2,985All other assets
$54,325Total liabilities and capital
$54,176Total liabilities
$42,378Total deposits
$54,176Interest-bearing deposits
$78Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$149Subordinated debt
$7,028All other liabilities
$7,028Total equity capital
$7,028Total bank equity capital
$0Perpetual preferred stock
$600Common stock
$2,400Surplus
$4,028Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$390Long-term assets (5+ years)
$53,556Average Assets, year-to-date
$26,245Average Assets, quarterly
$56,836Volatile liabilities
$59,545Insider loans
$33,005FHLB advances
$60,443Loans and leases held for sale
$1,460Unused loan commitments
$1,460Tier 1 (core) risk-based capital
$6,825Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$9,071Restructured Loans and leases
$223Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,117Total interest income
$380Total interest expense
$1,737Net interest income
$0Provision for loan and lease losses
$276Total noninterest income
$0Fiduciary activities
$136Service charges on deposit accounts
$0Trading account gains & fees
$140Additional noninterest income
$1,228Total noninterest expense
$695Salaries and employee benefits
$140Premises and equipment expense
$393Additional noninterest expense
$785Pre-tax net operating income
$84Securities gains (losses)
$0Applicable income taxes
$869Income before extraordinary items
$0Extraordinary gains - net
$869Net income attributable to bank
$0Net charge-offs
$869Cash dividends
-$3Sale, conversion, retirement of capital stock, net
$1,169Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.22%Yield on earning assets
0.76%Cost of funding earning assets
3.46%Net interest margin
0.55%Noninterest income to earning assets
2.45%Noninterest expense to earning assets
1.38%Net operating income to assets
1.53%Return on assets (ROA)
1.53%Pretax return on assets
12.16%Return on equity (ROE)
-4.20%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
61,003Assets per employee
5.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
134.52%Loss allowance to loans
1.26%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
46.90%Net loans and leases to core deposits
50.27%Equity capital to assets
11.46%Core capital (leverage) ratio
11.29%Tier 1 risk-based capital ratio
20.68%Total risk-based capital ratio
Memoranda
$22Average assets
$56,836Average earning assets
$7,147Average equity
$50,179Average loans
List of branches
1 Texas Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
10655
Gruver State Bank
3 Main Plaza, Gruver, TX 79040
September 07, 1946
Full Service Brick and Mortar
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