FDIC Certificate #: 21807 Status: Active Federal Reserve ID: 764151 Date Established: November 04, 1974 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 15107 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: All Other Specialization < 1 Billion Date of Deposit Insurance: November 04, 1974 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: June 22, 2010 Last Data Update: June 22, 2010 Data Source Date: April 05, 2012
Location
Address: 910 S Commerce St, Lovelady, TX 75851 County: Houston 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
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $38.9 mil Equity capital: $3.7 mil Deposits held in domestic offices: $35.1 mil Return on assets (ROA): 1.10% ($0.4 mil) Quarterly return on assets: 0.98% ($0.4 mil) Return on Equity (ROE): 10.95% ($0.4 mil) Quarterly return on equity: 10.20% ($0.4 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.10% ($428.0 mil) Quarterly Pretax return on assets: 0.98% ($381.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$38,905Total assets
$4,456Cash and due from depository institutions
$1,439Interest-bearing balances
$2,964Securities
$8,375Federal funds sold & reverse repurchase agreements
$21,805Net loans & leases
$372Loan loss allowance
$0Trading account assets
$121Bank premises and fixed assets
$164Other real estate owned
$0Goodwill and other intangibles
$38,905Life insurance assets
$1,020All other assets
$35,216Total liabilities and capital
$35,073Total liabilities
$24,876Total deposits
$35,073Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$143Subordinated debt
$3,689All other liabilities
$3,689Total equity capital
$3,689Total bank equity capital
$0Perpetual preferred stock
$220Common stock
$1,180Surplus
$2,289Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$337Income earned, not collected on loans
$0Earning assets
$180Long-term assets (5+ years)
$34,583Average Assets, year-to-date
$8,116Average Assets, quarterly
$36,557Volatile liabilities
$38,891Insider loans
$23,338FHLB advances
$39,154Loans and leases held for sale
$566Unused loan commitments
$566Tier 1 (core) risk-based capital
$3,632Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$419Restructured Loans and leases
$278Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,690Total interest income
$246Total interest expense
$1,444Net interest income
$40Provision for loan and lease losses
$297Total noninterest income
$0Fiduciary activities
$179Service charges on deposit accounts
$0Trading account gains & fees
$118Additional noninterest income
$1,299Total noninterest expense
$657Salaries and employee benefits
$122Premises and equipment expense
$520Additional noninterest expense
$402Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$402Income before extraordinary items
$0Extraordinary gains - net
$402Net income attributable to bank
$0Net charge-offs
$402Cash dividends
$31Sale, conversion, retirement of capital stock, net
$286Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.44%Yield on earning assets
0.79%Cost of funding earning assets
4.64%Net interest margin
0.96%Noninterest income to earning assets
4.18%Noninterest expense to earning assets
1.10%Net operating income to assets
1.10%Return on assets (ROA)
1.10%Pretax return on assets
10.95%Return on equity (ROE)
3.16%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
129.03%Credit loss provision to net charge-offs
14.26%Efficiency ratio
74,612Assets per employee
2.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
71.14%Loss allowance to loans
1.68%Loss allowance to noncurrent loans
110.39%Noncurrent assets plus other real estate owned to assets
1.29%Noncurrent loans to loans
1.52%Net loans and leases to deposits
62.17%Net loans and leases to core deposits
70.69%Equity capital to assets
9.48%Core capital (leverage) ratio
9.28%Tier 1 risk-based capital ratio
15.56%Total risk-based capital ratio
Memoranda
$17Average assets
$36,557Average earning assets
$3,672Average equity
$31,090Average loans
List of branches
1 Texas Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
15107
Lovelady State Bank
910 S Commerce St, Lovelady, TX 75851
November 04, 1974
Full Service Brick and Mortar
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