FDIC Certificate #: 26998 Status: Inactive Closing history: Corrections Acquiring institution:MainBank, National Association (#26624) Federal Reserve ID: 920863 Date Established: July 09, 1987 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 36430 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: July 09, 1987 Last Structure Change Effective Date: March 10, 1998 Last Structure Change Process Date: March 26, 1998 Last Data Update: April 14, 1998 Data Source Date: April 05, 2012
Location
Address: 333 West Kiest Boulevard, Dallas, TX 75224 County: Dallas Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Dallas Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Dallas, TX (#1920) Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31) Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100) CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100) Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $129.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
59Total employees (full-time equivalent)
$129,668Total assets
$6,546Cash and due from depository institutions
$50Interest-bearing balances
$50,168Securities
$10,005Federal funds sold & reverse repurchase agreements
$52,131Net loans & leases
$724Loan loss allowance
$0Trading account assets
$6,973Bank premises and fixed assets
$469Other real estate owned
$1,699Goodwill and other intangibles
$0Life insurance assets
$1,677All other assets
$129,668Total liabilities and capital
$116,842Total liabilities
$114,227Total deposits
$84,906Interest-bearing deposits
$114,227Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$800Other borrowed funds
$0Subordinated debt
$1,815All other liabilities
$12,826Total equity capital
$12,826Total bank equity capital
$12,826Perpetual preferred stock
$0Common stock
$900Surplus
$11,108Undivided profits
Memoranda
$818Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$395Earning assets
$0Long-term assets (5+ years)
$390Average Assets, year-to-date
$112,354Average Assets, quarterly
$4,250Volatile liabilities
$133,363Insider loans
$127,291FHLB advances
$14,289Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,664Total unused commitments
$0Restructured Loans and leases
$65,653Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$8,915Total interest income
$3,512Total interest expense
$5,403Net interest income
-$21Provision for loan and lease losses
$1,456Total noninterest income
$0Fiduciary activities
$1,369Service charges on deposit accounts
$0Trading account gains & fees
$87Additional noninterest income
$4,452Total noninterest expense
$2,191Salaries and employee benefits
$990Premises and equipment expense
$1,271Additional noninterest expense
$2,428Pre-tax net operating income
-$9Securities gains (losses)
$797Applicable income taxes
$1,622Income before extraordinary items
$0Extraordinary gains - net
$1,622Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$89Sale, conversion, retirement of capital stock, net
$11,150Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.68%Yield on earning assets
3.03%Cost of funding earning assets
4.65%Net interest margin
1.25%Noninterest income to earning assets
3.84%Noninterest expense to earning assets
1.22%Net operating income to assets
1.22%Return on assets (ROA)
1.81%Pretax return on assets
12.14%Return on equity (ROE)
-71.34%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
-23.60%Credit loss provision to net charge-offs
27.04%Efficiency ratio
63,260Assets per employee
2.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
687.42%Loss allowance to loans
1.37%Loss allowance to noncurrent loans
183.29%Noncurrent assets plus other real estate owned to assets
0.67%Noncurrent loans to loans
0.75%Net loans and leases to deposits
45.64%Net loans and leases to core deposits
51.75%Equity capital to assets
9.89%Core capital (leverage) ratio
9.10%Tier 1 risk-based capital ratio
16.80%Total risk-based capital ratio
Memoranda
$18Average assets
$133,363Average earning assets
$13,356Average equity
$116,073Average 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 MainBank.
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: