FDIC Certificate #: 58718 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:LONE STAR STATE BANK OF WEST TEXAS (#3116) Federal Reserve ID: 3607062 Date Established: December 03, 2007 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) FDIC's unique #: 463770 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: December 03, 2007 Last Structure Change Effective Date: October 09, 2008 Last Structure Change Process Date: December 09, 2008 Last Data Update: December 09, 2008 Data Source Date: April 05, 2012
Location
Address: 2599 74th Street, Lubbock, TX 79423 County: Lubbock Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Lubbock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Lubbock, TX (#4600) Combined Statistical Area (CSA): Lubbock-Levelland, TX (#352) Core Based Statistical Area (CBSA): Lubbock, TX (#31180) CBSA Metro Statistical Area: Lubbock, TX (#31180)
Financial Summary
Total assets: $166.4 mil
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
30Total employees (full-time equivalent)
$87,569Total assets
$7,664Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$77,107Net loans & leases
$936Loan loss allowance
$0Trading account assets
$447Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,351All other assets
$87,569Total liabilities and capital
$65,702Total liabilities
$45,430Total deposits
$37,350Interest-bearing deposits
$45,430Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$20,000Other borrowed funds
$0Subordinated debt
$272All other liabilities
$21,867Total equity capital
$21,867Total bank equity capital
$21,867Perpetual preferred stock
$0Common stock
$2,250Surplus
$20,979Undivided profits
Memoranda
$-1,362Noncurrent loans and leases
$46,495Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$1,408Average Assets, year-to-date
$77,107Average Assets, quarterly
$2,224Volatile liabilities
$87,569Insider loans
$87,569FHLB advances
$26,138Loans and leases held for sale
$10,157Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$46,495Total unused commitments
$0Restructured Loans and leases
$936Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$383Total interest income
$173Total interest expense
$210Net interest income
$936Provision for loan and lease losses
$0Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$636Total noninterest expense
$232Salaries and employee benefits
$33Premises and equipment expense
$371Additional noninterest expense
-$1,362Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$1,362Income before extraordinary items
$0Extraordinary gains - net
-$1,362Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.50%Yield on earning assets
0.22%Cost of funding earning assets
0.27%Net interest margin
0.00%Noninterest income to earning assets
0.82%Noninterest expense to earning assets
-1.56%Net operating income to assets
-1.56%Return on assets (ROA)
-1.56%Pretax return on assets
-6.23%Return on equity (ROE)
-6.23%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
302,857Assets per employee
2.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.20%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
169.73%Net loans and leases to core deposits
196.24%Equity capital to assets
24.97%Core capital (leverage) ratio
32.01%Tier 1 risk-based capital ratio
26.63%Total risk-based capital ratio
Memoranda
$28Average assets
$87,569Average earning assets
$21,867Average equity
$77,107Average loans
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