FDIC Certificate #: 32618 Status: Inactive Closing history: Corrections Acquiring institution:Compass Bank (#19048) Federal Reserve ID: 1363300 Date Established: September 30, 1988 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8534 FDIC's unique #: 45452 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: September 30, 1988 Last Structure Change Effective Date: August 21, 2009 Last Structure Change Process Date: August 24, 2009 Last Data Update: August 24, 2009 Data Source Date: April 05, 2012
Location
Address: 1300 South Mopac Expressway, Austin, TX 78746 County: Travis 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): Austin-San Marcos, TX (#640) Combined Statistical Area (CSA): Austin-Round Rock-Marble Falls, TX (#126) Core Based Statistical Area (CBSA): Austin-Round Rock-San Marcos, TX (#12420) CBSA Metro Statistical Area: Austin-Round Rock-San Marcos, TX (#12420)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $13,464.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
1,856Total employees (full-time equivalent)
$15,051,289Total assets
$218,815Cash and due from depository institutions
$104,140Interest-bearing balances
$3,473,806Securities
$0Federal funds sold & reverse repurchase agreements
$10,419,637Net loans & leases
$265,663Loan loss allowance
$0Trading account assets
$230,526Bank premises and fixed assets
$74,449Other real estate owned
$125,638Goodwill and other intangibles
$0Life insurance assets
$508,418All other assets
$15,051,289Total liabilities and capital
$14,360,508Total liabilities
$11,580,773Total deposits
$11,175,954Interest-bearing deposits
$11,580,773Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,395,279Other borrowed funds
$305,359Subordinated debt
$79,097All other liabilities
$690,781Total equity capital
$690,781Total bank equity capital
$690,781Perpetual preferred stock
$0Common stock
$16Surplus
$1,220,443Undivided profits
Memoranda
$-529,678Noncurrent loans and leases
$4,441,029Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$546,971Earning assets
$3,666Long-term assets (5+ years)
$56,196Average Assets, year-to-date
$13,997,583Average Assets, quarterly
$0Volatile liabilities
$15,863,130Insider loans
$15,200,765FHLB advances
$4,862,991Loans and leases held for sale
$54,863Unused loan commitments
$2,157,298Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,441,029Total unused commitments
$169,414Restructured Loans and leases
$419,093Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$790,047Total interest income
$426,431Total interest expense
$363,616Net interest income
$513,774Provision for loan and lease losses
$130,448Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$130,448Additional noninterest income
$377,182Total noninterest expense
$197,156Salaries and employee benefits
$76,475Premises and equipment expense
$103,551Additional noninterest expense
-$396,892Pre-tax net operating income
-$4,230Securities gains (losses)
$19,141Applicable income taxes
-$420,263Income before extraordinary items
-$6,807Extraordinary gains - net
-$427,070Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$173,336Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.38%Yield on earning assets
2.90%Cost of funding earning assets
2.48%Net interest margin
0.89%Noninterest income to earning assets
2.57%Noninterest expense to earning assets
-2.62%Net operating income to assets
-2.69%Return on assets (ROA)
-2.57%Pretax return on assets
-48.54%Return on equity (ROE)
-48.54%Retained earnings to average equity (YTD only)
1.68%Net charge-offs to loans
296.40%Credit loss provision to net charge-offs
0.67%Efficiency ratio
71,779Assets per employee
8.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.49%Loss allowance to noncurrent loans
48.57%Noncurrent assets plus other real estate owned to assets
4.11%Noncurrent loans to loans
5.12%Net loans and leases to deposits
89.97%Net loans and leases to core deposits
114.34%Equity capital to assets
4.59%Core capital (leverage) ratio
8.17%Tier 1 risk-based capital ratio
8.64%Total risk-based capital ratio
Memoranda
$12Average assets
$15,863,130Average earning assets
$879,778Average equity
$14,689,940Average loans
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