FDIC Certificate #: 12308 Status: Active Federal Reserve ID: 866055 Date Established: January 24, 1907 WWW:http://www.justinstbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 12893 FDIC's unique #: 7825 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 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: 412 South Highway 156, Justin, TX 76247 County: Denton Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Dallas Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Dallas, TX (#1920) Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31) Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100) CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100) Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $68.9 mil Equity capital: $8.2 mil Deposits held in domestic offices: $60.6 mil Return on assets (ROA): 1.54% ($1.1 mil) Quarterly return on assets: 0.17% ($0.1 mil) Return on Equity (ROE): 13.07% ($1.0 mil) Quarterly return on equity: 1.47% ($0.1 mil) Net income: $1.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 1.54% ($1,060.6 mil) Quarterly Pretax return on assets: 0.17% ($117.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
21Total employees (full-time equivalent)
$68,873Total assets
$7,696Cash and due from depository institutions
$7,139Interest-bearing balances
$1,041Securities
$0Federal funds sold & reverse repurchase agreements
$54,797Net loans & leases
$805Loan loss allowance
$0Trading account assets
$491Bank premises and fixed assets
$2,798Other real estate owned
$0Goodwill and other intangibles
$68,873Life insurance assets
$2,050All other assets
$60,650Total liabilities and capital
$60,583Total liabilities
$46,227Total deposits
$60,583Interest-bearing deposits
$85Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$67Subordinated debt
$8,223All other liabilities
$8,223Total equity capital
$8,223Total bank equity capital
$0Perpetual preferred stock
$1,162Common stock
$3,201Surplus
$3,860Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,646Income earned, not collected on loans
$0Earning assets
$230Long-term assets (5+ years)
$62,977Average Assets, year-to-date
$42,336Average Assets, quarterly
$68,914Volatile liabilities
$70,887Insider loans
$47,823FHLB advances
$72,393Loans and leases held for sale
$1,346Unused loan commitments
$1,346Tier 1 (core) risk-based capital
$8,206Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,784Restructured Loans and leases
$64Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,689Total interest income
$246Total interest expense
$3,443Net interest income
-$230Provision for loan and lease losses
$412Total noninterest income
$0Fiduciary activities
$223Service charges on deposit accounts
$0Trading account gains & fees
$189Additional noninterest income
$3,024Total noninterest expense
$1,542Salaries and employee benefits
$252Premises and equipment expense
$1,230Additional noninterest expense
$1,061Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,061Income before extraordinary items
$0Extraordinary gains - net
$1,061Net income attributable to bank
$0Net charge-offs
$1,061Cash dividends
$84Sale, conversion, retirement of capital stock, net
$407Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.90%Yield on earning assets
0.39%Cost of funding earning assets
5.51%Net interest margin
0.66%Noninterest income to earning assets
4.84%Noninterest expense to earning assets
1.54%Net operating income to assets
1.54%Return on assets (ROA)
1.54%Pretax return on assets
13.07%Return on equity (ROE)
8.06%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
-273.81%Credit loss provision to net charge-offs
9.89%Efficiency ratio
78,444Assets per employee
3.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.36%Loss allowance to loans
1.45%Loss allowance to noncurrent loans
30.42%Noncurrent assets plus other real estate owned to assets
7.90%Noncurrent loans to loans
4.76%Net loans and leases to deposits
90.45%Net loans and leases to core deposits
92.06%Equity capital to assets
11.94%Core capital (leverage) ratio
11.34%Tier 1 risk-based capital ratio
17.16%Total risk-based capital ratio
Memoranda
$18Average assets
$68,914Average earning assets
$8,118Average equity
$62,526Average loans
List of branches
1 Texas Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
7825
Justin State Bank
412 South Highway 156, Justin, TX 76247
January 24, 1907
Full Service Brick and Mortar
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