MidSouth Bank-Texas, National Association in Beaumont, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 22, 2008

  • MidSouth Bank-Texas, National Association in Beaumont, Texas (TX)
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MidSouth Bank-Texas, National Association - Overview

  • General
  • FDIC Certificate #: 18060
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: MidSouth Bank, National Association (#25884)
    Federal Reserve ID: 286952
    Date Established: August 08, 1959
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    OTS Docket #: 10716
    FDIC's unique #: 11984
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: August 08, 1959
    Last Structure Change Effective Date: March 22, 2008
    Last Structure Change Process Date: March 31, 2008
    Last Data Update: March 31, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 555 North Dowlen Road, Beaumont, TX 77706
    County: Jefferson
    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
    Metropolitan Statistical Area (MSA): Beaumont-Port Arthur, TX (#840)
    Core Based Statistical Area (CBSA): Beaumont-Port Arthur, TX (#13140)
    CBSA Metro Statistical Area: Beaumont-Port Arthur, TX (#13140)
  • Financial Summary
  • Total assets: $172.5 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, 2007)

  • Dollar figures in thousands
  • 72Total employees (full-time equivalent)
  • $172,490Total assets
  • $4,376Cash and due from depository institutions
  • $27Interest-bearing balances
  • $17,125Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $123,941Net loans & leases
  • $1,508Loan loss allowance
  • $0Trading account assets
  • $10,856Bank premises and fixed assets
  • $0Other real estate owned
  • $9,031Goodwill and other intangibles
  • $3,288Life insurance assets
  • $7,161All other assets
  • $172,490Total liabilities and capital
  • $149,443Total liabilities
  • $138,921Total deposits
  • $117,184Interest-bearing deposits
  • $138,921Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,660Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,400Other borrowed funds
  • $0Subordinated debt
  • $1,462All other liabilities
  • $23,047Total equity capital
  • $23,047Total bank equity capital
  • $23,047Perpetual preferred stock
  • $0Common stock
  • $750Surplus
  • $21,546Undivided profits
  • Memoranda
  • $751Noncurrent loans and leases
  • $25,974Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $134Earning assets
  • $0Long-term assets (5+ years)
  • $930Average Assets, year-to-date
  • $141,093Average Assets, quarterly
  • $23,598Volatile liabilities
  • $163,924Insider loans
  • $170,520FHLB advances
  • $38,696Loans and leases held for sale
  • $2,364Unused loan commitments
  • $4,400Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $25,974Total unused commitments
  • $0Restructured Loans and leases
  • $1,508Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $10,114Total interest income
  • $3,935Total interest expense
  • $6,179Net interest income
  • $725Provision for loan and lease losses
  • $1,865Total noninterest income
  • $0Fiduciary activities
  • $1,105Service charges on deposit accounts
  • $0Trading account gains & fees
  • $760Additional noninterest income
  • $7,983Total noninterest expense
  • $3,975Salaries and employee benefits
  • $1,594Premises and equipment expense
  • $2,414Additional noninterest expense
  • -$664Pre-tax net operating income
  • $0Securities gains (losses)
  • -$363Applicable income taxes
  • -$301Income before extraordinary items
  • $0Extraordinary gains - net
  • -$301Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $135Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.49%Yield on earning assets
  • 2.92%Cost of funding earning assets
  • 4.58%Net interest margin
  • 1.38%Noninterest income to earning assets
  • 5.92%Noninterest expense to earning assets
  • -0.18%Net operating income to assets
  • -0.18%Return on assets (ROA)
  • -0.41%Pretax return on assets
  • -1.30%Return on equity (ROE)
  • -1.30%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 537.04%Credit loss provision to net charge-offs
  • 0.45%Efficiency ratio
  • 97,601Assets per employee
  • 2.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 1125.37%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 89.22%Net loans and leases to core deposits
  • 113.41%Equity capital to assets
  • 13.36%Core capital (leverage) ratio
  • 8.65%Tier 1 risk-based capital ratio
  • 9.78%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $163,924Average earning assets
  • $23,170Average equity
  • $134,946Average loans

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