Lee County National Bank in Giddings, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1995

Lee County National Bank in Giddings, Texas (TX)
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Lee County National Bank - Overview

General
FDIC Certificate #: 24180
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Classic Bank, National Association (#3126)
Federal Reserve ID: 446457
Date Established: October 28, 1982
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 16834
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: October 28, 1982
Last Structure Change Effective Date: July 01, 1995
Last Structure Change Process Date: July 10, 1995
Last Data Update: July 10, 1995
Data Source Date: April 05, 2012
Location
Address: 825 East Austin, Giddings, TX 78942
County: Lee
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
Financial Summary
Total assets: $21.5 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$13Total assets
$22,467Cash and due from depository institutions
$1,526Interest-bearing balances
$198Securities
$12,776Federal funds sold & reverse repurchase agreements
$800Net loans & leases
$6,338Loan loss allowance
$215Trading account assets
$0Bank premises and fixed assets
$638Other real estate owned
$17Goodwill and other intangibles
$372Life insurance assets
$0All other assets
$0Total liabilities and capital
$22,467Total liabilities
$20,453Total deposits
$20,377Interest-bearing deposits
$17,038Deposits held in domestic offices
20377.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$76Total equity capital
$76Total bank equity capital
$2,014Perpetual preferred stock
$0Common stock
$1,125Surplus
$1,125Undivided profits
Memoranda
$-236Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$164Income earned, not collected on loans
$42Earning assets
$20,112Long-term assets (5+ years)
$3,094Average Assets, year-to-date
$22,314Average Assets, quarterly
$21,995Volatile liabilities
$1,222Insider loans
$446FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$514Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,156Total risk weighted assets
$8,268Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,359Total interest expense
$433Net interest income
$926Provision for loan and lease losses
-$100Total noninterest income
$314Fiduciary activities
$0Service charges on deposit accounts
$201Trading account gains & fees
$0Additional noninterest income
$113Total noninterest expense
$892Salaries and employee benefits
$403Premises and equipment expense
$131Additional noninterest expense
$358Pre-tax net operating income
$448Securities gains (losses)
$0Applicable income taxes
$0Income before extraordinary items
$448Extraordinary gains - net
$0Net income attributable to bank
$448Net charge-offs
$7Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.78%Cost of funding earning assets
2.16%Net interest margin
4.62%Noninterest income to earning assets
1.57%Noninterest expense to earning assets
4.45%Net operating income to assets
2.01%Return on assets (ROA)
2.01%Pretax return on assets
2.01%Return on equity (ROE)
23.83%Retained earnings to average equity (YTD only)
23.83%Net charge-offs to loans
0.10%Credit loss provision to net charge-offs
-1428.57%Efficiency ratio
71,935Assets per employee
1.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.28%Loss allowance to noncurrent loans
131.10%Noncurrent assets plus other real estate owned to assets
0.81%Noncurrent loans to loans
2.50%Net loans and leases to deposits
31.10%Net loans and leases to core deposits
33.09%Equity capital to assets
8.96%Core capital (leverage) ratio
9.68%Tier 1 risk-based capital ratio
26.08%Total risk-based capital ratio
Memoranda
$27Average assets
$22,314Average earning assets
$1,880Average equity
$20,042Average loans

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