FDIC Certificate #: 33782 Status: Inactive Closing history: Corrections Acquiring institution:U.S. Bank National Association (#6548) Federal Reserve ID: 2019453 Date Established: Febuary 26, 1993 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 48029 Numeric code: 21 Regulator: FDIC 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: Febuary 26, 1993 Last Structure Change Effective Date: October 30, 2009 Last Structure Change Process Date: November 03, 2009 Last Data Update: November 03, 2009 Data Source Date: April 05, 2012
Location
Address: 208 West Main Street, Madisonville, TX 77864 County: Madison Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Chicago FDIC Field Office: Houston Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $256.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
39Total employees (full-time equivalent)
$244,411Total assets
$10,720Cash and due from depository institutions
$160Interest-bearing balances
$12,587Securities
$0Federal funds sold & reverse repurchase agreements
$205,378Net loans & leases
$3,017Loan loss allowance
$0Trading account assets
$422Bank premises and fixed assets
$100Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$15,204All other assets
$244,411Total liabilities and capital
$221,578Total liabilities
$189,830Total deposits
$173,574Interest-bearing deposits
$189,830Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$30,309Other borrowed funds
$0Subordinated debt
$1,439All other liabilities
$22,833Total equity capital
$22,833Total bank equity capital
$22,833Perpetual preferred stock
$0Common stock
$950Surplus
$32,350Undivided profits
Memoranda
$-10,467Noncurrent loans and leases
$4,027Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,639Earning assets
$0Long-term assets (5+ years)
$1,278Average Assets, year-to-date
$218,125Average Assets, quarterly
$57,803Volatile liabilities
$246,372Insider loans
$249,424FHLB advances
$103,093Loans and leases held for sale
$0Unused loan commitments
$30,309Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,027Total unused commitments
$0Restructured Loans and leases
$2,431Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$18,080Total interest income
$6,838Total interest expense
$11,242Net interest income
$600Provision for loan and lease losses
$1,566Total noninterest income
$0Fiduciary activities
$551Service charges on deposit accounts
$730Trading account gains & fees
$285Additional noninterest income
$4,604Total noninterest expense
$2,738Salaries and employee benefits
$401Premises and equipment expense
$1,465Additional noninterest expense
$7,604Pre-tax net operating income
-$28,523Securities gains (losses)
-$7,724Applicable income taxes
-$13,195Income before extraordinary items
$0Extraordinary gains - net
-$13,195Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$370Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.92%Yield on earning assets
3.00%Cost of funding earning assets
4.93%Net interest margin
0.69%Noninterest income to earning assets
2.02%Noninterest expense to earning assets
2.05%Net operating income to assets
-5.36%Return on assets (ROA)
-8.49%Pretax return on assets
-56.47%Return on equity (ROE)
-56.47%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
162.16%Credit loss provision to net charge-offs
22.17%Efficiency ratio
35,946Assets per employee
6.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.45%Loss allowance to noncurrent loans
65.04%Noncurrent assets plus other real estate owned to assets
2.50%Noncurrent loans to loans
2.23%Net loans and leases to deposits
108.19%Net loans and leases to core deposits
175.93%Equity capital to assets
9.34%Core capital (leverage) ratio
7.80%Tier 1 risk-based capital ratio
9.56%Total risk-based capital ratio
Memoranda
$11Average assets
$246,372Average earning assets
$23,365Average equity
$228,190Average loans
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