FDIC Certificate #: 33779 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 2017244 Date Established: Febuary 13, 1993 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 48026 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: Febuary 13, 1993 Last Structure Change Effective Date: September 10, 1998 Last Structure Change Process Date: October 06, 1998 Last Data Update: October 06, 1998 Data Source Date: April 05, 2012
Location
Address: 203 South First Street, Lufkin, TX 75901 County: Angelina 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 Core Based Statistical Area (CBSA): Lufkin, TX (#31260) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $141.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
59Total employees (full-time equivalent)
$144,877Total assets
$6,263Cash and due from depository institutions
$0Interest-bearing balances
$42,176Securities
$12,500Federal funds sold & reverse repurchase agreements
$79,802Net loans & leases
$1,732Loan loss allowance
$0Trading account assets
$1,196Bank premises and fixed assets
$0Other real estate owned
$1,284Goodwill and other intangibles
$0Life insurance assets
$1,656All other assets
$144,877Total liabilities and capital
$131,667Total liabilities
$130,630Total deposits
$105,570Interest-bearing deposits
$130,630Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,037All other liabilities
$13,210Total equity capital
$13,210Total bank equity capital
$13,210Perpetual preferred stock
$0Common stock
$200Surplus
$11,100Undivided profits
Memoranda
$1,910Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$391Earning assets
$0Long-term assets (5+ years)
$469Average Assets, year-to-date
$134,478Average Assets, quarterly
$11,478Volatile liabilities
$139,512Insider loans
$141,997FHLB advances
$9,326Loans and leases held for sale
$4,807Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,606Total unused commitments
$0Restructured Loans and leases
$86,631Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$9,523Total interest income
$4,046Total interest expense
$5,477Net interest income
$264Provision for loan and lease losses
$1,874Total noninterest income
$392Fiduciary activities
$843Service charges on deposit accounts
$0Trading account gains & fees
$639Additional noninterest income
$4,296Total noninterest expense
$1,839Salaries and employee benefits
$492Premises and equipment expense
$1,965Additional noninterest expense
$2,791Pre-tax net operating income
-$1Securities gains (losses)
$707Applicable income taxes
$2,083Income before extraordinary items
$0Extraordinary gains - net
$2,083Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$180Sale, conversion, retirement of capital stock, net
$1,150Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.39%Yield on earning assets
3.14%Cost of funding earning assets
4.25%Net interest margin
1.45%Noninterest income to earning assets
3.33%Noninterest expense to earning assets
1.49%Net operating income to assets
1.49%Return on assets (ROA)
2.00%Pretax return on assets
16.55%Return on equity (ROE)
7.41%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
146.67%Credit loss provision to net charge-offs
16.97%Efficiency ratio
56,673Assets per employee
2.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
55.21%Loss allowance to loans
2.12%Loss allowance to noncurrent loans
442.97%Noncurrent assets plus other real estate owned to assets
0.27%Noncurrent loans to loans
0.48%Net loans and leases to deposits
61.09%Net loans and leases to core deposits
65.79%Equity capital to assets
9.12%Core capital (leverage) ratio
8.85%Tier 1 risk-based capital ratio
13.62%Total risk-based capital ratio
Memoranda
$15Average assets
$139,512Average earning assets
$12,583Average equity
$128,827Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Lufkin National Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: