FDIC Certificate #: 17656 Status: Inactive Closing history: Corrections Acquiring institution:Woodforest National Bank (#23220) Federal Reserve ID: 185158 Date Established: September 24, 1956 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 11621 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: September 24, 1956 Last Structure Change Effective Date: April 01, 1999 Last Structure Change Process Date: April 22, 1999 Last Data Update: May 06, 1999 Data Source Date: April 05, 2012
Location
Address: 420 South Main Street, Highlands, TX 77562 County: Harris 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): Houston, TX (#3360) 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)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $74.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
48Total employees (full-time equivalent)
$75,310Total assets
$4,419Cash and due from depository institutions
$1,089Interest-bearing balances
$5,333Securities
$16,465Federal funds sold & reverse repurchase agreements
$45,478Net loans & leases
$484Loan loss allowance
$0Trading account assets
$3,018Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$597All other assets
$75,310Total liabilities and capital
$69,705Total liabilities
$69,302Total deposits
$45,853Interest-bearing deposits
$69,302Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$403All other liabilities
$5,605Total equity capital
$5,605Total bank equity capital
$5,605Perpetual preferred stock
$0Common stock
$994Surplus
$4,006Undivided profits
Memoranda
$605Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$55Earning assets
$0Long-term assets (5+ years)
$231Average Assets, year-to-date
$68,365Average Assets, quarterly
$4,902Volatile liabilities
$65,658Insider loans
$72,182FHLB advances
$13,628Loans and leases held for sale
$1,049Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,938Total unused commitments
$0Restructured Loans and leases
$52,064Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$4,851Total interest income
$1,573Total interest expense
$3,278Net interest income
$0Provision for loan and lease losses
$1,073Total noninterest income
$0Fiduciary activities
$814Service charges on deposit accounts
$0Trading account gains & fees
$259Additional noninterest income
$3,137Total noninterest expense
$1,771Salaries and employee benefits
$378Premises and equipment expense
$988Additional noninterest expense
$1,214Pre-tax net operating income
$0Securities gains (losses)
$288Applicable income taxes
$926Income before extraordinary items
$0Extraordinary gains - net
$926Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$12Sale, conversion, retirement of capital stock, net
$577Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.21%Yield on earning assets
2.66%Cost of funding earning assets
5.55%Net interest margin
1.82%Noninterest income to earning assets
5.31%Noninterest expense to earning assets
1.41%Net operating income to assets
1.41%Return on assets (ROA)
1.85%Pretax return on assets
16.56%Return on equity (ROE)
6.24%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
101.17%Efficiency ratio
72,098Assets per employee
1.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
62.31%Loss allowance to loans
1.05%Loss allowance to noncurrent loans
880.00%Noncurrent assets plus other real estate owned to assets
0.07%Noncurrent loans to loans
0.12%Net loans and leases to deposits
65.62%Net loans and leases to core deposits
81.69%Equity capital to assets
7.44%Core capital (leverage) ratio
7.69%Tier 1 risk-based capital ratio
10.75%Total risk-based capital ratio
Memoranda
$12Average assets
$65,658Average earning assets
$5,590Average equity
$59,097Average loans
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