FDIC Certificate #: 57667 Status: Inactive Closing history: Corrections Acquiring institution:State Bank of Texas (#27074) Federal Reserve ID: 3194179 Date Established: August 20, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 419341 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: August 20, 2003 Last Structure Change Effective Date: July 02, 2009 Last Structure Change Process Date: July 06, 2009 Last Data Update: July 06, 2009 Data Source Date: April 05, 2012
Location
Address: 11950 Webb Chapel Road, Dallas, TX 75234 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
Absorption - Assisted
Corrections
Financial Summary
Total assets: $118.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
20Total employees (full-time equivalent)
$117,971Total assets
$9,402Cash and due from depository institutions
$3,109Interest-bearing balances
$1,350Securities
$5,905Federal funds sold & reverse repurchase agreements
$88,479Net loans & leases
$2,629Loan loss allowance
$0Trading account assets
$9,122Bank premises and fixed assets
$1,060Other real estate owned
$222Goodwill and other intangibles
$0Life insurance assets
$2,431All other assets
$117,971Total liabilities and capital
$111,417Total liabilities
$108,967Total deposits
$100,511Interest-bearing deposits
$108,967Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$450All other liabilities
$6,554Total equity capital
$6,554Total bank equity capital
$6,554Perpetual preferred stock
$0Common stock
$5,468Surplus
$6,833Undivided profits
Memoranda
$-5,747Noncurrent loans and leases
$5,303Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6,605Earning assets
$844Long-term assets (5+ years)
$433Average Assets, year-to-date
$98,843Average Assets, quarterly
$695Volatile liabilities
$119,167Insider loans
$115,133FHLB advances
$23,938Loans and leases held for sale
$1,488Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,303Total unused commitments
$0Restructured Loans and leases
$1,212Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$6,871Total interest income
$4,658Total interest expense
$2,213Net interest income
$2,316Provision for loan and lease losses
$751Total noninterest income
$0Fiduciary activities
$164Service charges on deposit accounts
$0Trading account gains & fees
$587Additional noninterest income
$4,215Total noninterest expense
$1,848Salaries and employee benefits
$740Premises and equipment expense
$1,627Additional noninterest expense
-$3,567Pre-tax net operating income
$0Securities gains (losses)
-$4Applicable income taxes
-$3,563Income before extraordinary items
$0Extraordinary gains - net
-$3,563Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,111Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.63%Yield on earning assets
4.50%Cost of funding earning assets
2.14%Net interest margin
0.73%Noninterest income to earning assets
4.07%Noninterest expense to earning assets
-2.99%Net operating income to assets
-2.99%Return on assets (ROA)
-2.99%Pretax return on assets
-39.05%Return on equity (ROE)
-39.05%Retained earnings to average equity (YTD only)
1.11%Net charge-offs to loans
208.46%Credit loss provision to net charge-offs
-1.13%Efficiency ratio
142,206Assets per employee
5.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.89%Loss allowance to noncurrent loans
39.80%Noncurrent assets plus other real estate owned to assets
6.50%Noncurrent loans to loans
7.25%Net loans and leases to deposits
81.20%Net loans and leases to core deposits
104.06%Equity capital to assets
5.56%Core capital (leverage) ratio
5.76%Tier 1 risk-based capital ratio
6.84%Total risk-based capital ratio
Memoranda
$8Average assets
$119,167Average earning assets
$9,124Average equity
$103,583Average loans
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