Gulf Shores Bank in city_name, state_name - Detailed Financial Reports, Location

Gulf Shores Bank in Crystal Beach, Texas (TX)
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Gulf Shores Bank - Overview

General
FDIC Certificate #: 26288
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Texas First Bank (#21960)
Federal Reserve ID: 703954
Date Established: July 06, 1985
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 32681
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: July 06, 1985
Last Structure Change Effective Date: May 07, 1994
Last Structure Change Process Date: May 23, 1994
Last Data Update: May 23, 1994
Data Source Date: April 05, 2012
Location
Address: 157 Highway 87 At Driftwood Street, Crystal Beach, TX 77650
County: Galveston
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Houston
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Galveston-Texas City, TX (#2920)
Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42)
Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420)
CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
Financial Summary
Total assets: $14.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$5Total assets
$14,467Cash and due from depository institutions
$429Interest-bearing balances
$0Securities
$6,847Federal funds sold & reverse repurchase agreements
$2,405Net loans & leases
$4,396Loan loss allowance
$95Trading account assets
$0Bank premises and fixed assets
$235Other real estate owned
$0Goodwill and other intangibles
$155Life insurance assets
$0All other assets
$0Total liabilities and capital
$14,467Total liabilities
$13,048Total deposits
$12,980Interest-bearing deposits
$10,712Deposits held in domestic offices
12980.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$68Total equity capital
$68Total bank equity capital
$1,419Perpetual preferred stock
$0Common stock
$400Surplus
$400Undivided profits
Memoranda
$619Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$23Earning assets
$13,648Long-term assets (5+ years)
$3,613Average Assets, year-to-date
$14,216Average Assets, quarterly
$14,769Volatile liabilities
$1,113Insider loans
$158FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$289Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,419Total risk weighted assets
$6,277Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$942Total interest expense
$365Net interest income
$577Provision for loan and lease losses
$21Total noninterest income
$139Fiduciary activities
$0Service charges on deposit accounts
$100Trading account gains & fees
$0Additional noninterest income
$39Total noninterest expense
$373Salaries and employee benefits
$118Premises and equipment expense
$51Additional noninterest expense
$204Pre-tax net operating income
$322Securities gains (losses)
$0Applicable income taxes
$111Income before extraordinary items
$211Extraordinary gains - net
$0Net income attributable to bank
$211Net charge-offs
$13Cash dividends
$150Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.26%Cost of funding earning assets
2.81%Net interest margin
4.45%Noninterest income to earning assets
1.07%Noninterest expense to earning assets
2.87%Net operating income to assets
1.48%Return on assets (ROA)
1.48%Pretax return on assets
2.27%Return on equity (ROE)
14.70%Retained earnings to average equity (YTD only)
4.25%Net charge-offs to loans
0.28%Credit loss provision to net charge-offs
161.54%Efficiency ratio
52,095Assets per employee
2.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
71.09%Loss allowance to loans
2.12%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
33.87%Net loans and leases to core deposits
37.04%Equity capital to assets
9.81%Core capital (leverage) ratio
9.50%Tier 1 risk-based capital ratio
22.61%Total risk-based capital ratio
Memoranda
$24Average assets
$14,216Average earning assets
$1,436Average equity
$12,975Average loans

Gulf Shores Bank in Crystal Beach, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Gulf Shores Bank - Overview

Assets and Liabilities (December 31, 1993)

Income and Expense (December 31, 1993)

Performance and Condition Ratios (December 31, 1993)

Comment about this bank, ask questions, or add new information about it:

Gulf Shores Bank in Crystal Beach, Texas (TX)Overview, Financial Summary, Detailed Financial Reports, Branches

Gulf Shores Bank - Overview

Assets and Liabilities (December 31, 1993)

Income and Expense (December 31, 1993)

Performance and Condition Ratios (December 31, 1993)

Comment about this bank, ask questions, or add new information about it:

Gulf Shores Bank in Crystal Beach, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches