FDIC Certificate #: 18776 Status: Inactive Closing history: Corrections Acquiring institution:U.S. Bank National Association (#6548) Federal Reserve ID: 215756 Date Established: May 15, 1963 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 12638 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: May 15, 1963 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: 3945 East Little York Road, Houston, TX 77093 County: Harris 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 Metropolitan Statistical Area (MSA): Houston, TX (#3360) Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42) Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288) Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420) CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $325.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
64Total employees (full-time equivalent)
$351,092Total assets
$7,681Cash and due from depository institutions
$567Interest-bearing balances
$19,068Securities
$0Federal funds sold & reverse repurchase agreements
$285,852Net loans & leases
$4,325Loan loss allowance
$0Trading account assets
$2,590Bank premises and fixed assets
$6,617Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$29,284All other assets
$351,092Total liabilities and capital
$313,730Total liabilities
$251,276Total deposits
$219,451Interest-bearing deposits
$251,276Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$60,400Other borrowed funds
$0Subordinated debt
$2,054All other liabilities
$37,362Total equity capital
$37,362Total bank equity capital
$37,362Perpetual preferred stock
$0Common stock
$920Surplus
$67,480Undivided profits
Memoranda
$-31,038Noncurrent loans and leases
$96,443Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6,913Earning assets
$0Long-term assets (5+ years)
$1,423Average Assets, year-to-date
$305,487Average Assets, quarterly
$26,457Volatile liabilities
$415,385Insider loans
$392,970FHLB advances
$155,770Loans and leases held for sale
$0Unused loan commitments
$60,400Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$96,443Total unused commitments
$0Restructured Loans and leases
$3,963Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$26,944Total interest income
$11,806Total interest expense
$15,138Net interest income
$1,882Provision for loan and lease losses
$621Total noninterest income
$0Fiduciary activities
$673Service charges on deposit accounts
$1,322Trading account gains & fees
-$1,374Additional noninterest income
$10,263Total noninterest expense
$5,414Salaries and employee benefits
$1,395Premises and equipment expense
$3,454Additional noninterest expense
$3,614Pre-tax net operating income
-$50,861Securities gains (losses)
-$17,394Applicable income taxes
-$29,853Income before extraordinary items
$0Extraordinary gains - net
-$29,853Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,707Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.14%Yield on earning assets
3.13%Cost of funding earning assets
4.01%Net interest margin
0.16%Noninterest income to earning assets
2.72%Noninterest expense to earning assets
0.65%Net operating income to assets
-7.19%Return on assets (ROA)
-11.37%Pretax return on assets
-74.85%Return on equity (ROE)
-74.85%Retained earnings to average equity (YTD only)
0.52%Net charge-offs to loans
110.25%Credit loss provision to net charge-offs
3.22%Efficiency ratio
65,125Assets per employee
5.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
62.56%Noncurrent assets plus other real estate owned to assets
4.55%Noncurrent loans to loans
2.38%Net loans and leases to deposits
113.76%Net loans and leases to core deposits
183.35%Equity capital to assets
10.64%Core capital (leverage) ratio
6.85%Tier 1 risk-based capital ratio
8.79%Total risk-based capital ratio
Memoranda
$10Average assets
$415,385Average earning assets
$39,884Average equity
$377,235Average loans
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