FDIC Certificate #: 26854 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Patriot Bank (#3258) Federal Reserve ID: 504450 Date Established: December 08, 1986 WWW:http://www.nenbank.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 11781 FDIC's unique #: 36118 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: December 08, 1986 Last Structure Change Effective Date: December 18, 2006 Last Structure Change Process Date: January 16, 2007 Last Data Update: January 16, 2007 Data Source Date: April 05, 2012
Location
Address: 1438 Oates Drive, Mesquite, TX 75150 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)
Financial Summary
Total assets: $41.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
19Total employees (full-time equivalent)
$43,711Total assets
$3,024Cash and due from depository institutions
$348Interest-bearing balances
$12,240Securities
$995Federal funds sold & reverse repurchase agreements
$25,248Net loans & leases
$417Loan loss allowance
$0Trading account assets
$494Bank premises and fixed assets
$70Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,640All other assets
$43,711Total liabilities and capital
$40,268Total liabilities
$40,058Total deposits
$27,155Interest-bearing deposits
$40,058Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$210All other liabilities
$3,443Total equity capital
$3,443Total bank equity capital
$3,443Perpetual preferred stock
$0Common stock
$1,250Surplus
$1,270Undivided profits
Memoranda
$923Noncurrent loans and leases
$4,544Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$286Earning assets
$0Long-term assets (5+ years)
$180Average Assets, year-to-date
$38,831Average Assets, quarterly
$6,539Volatile liabilities
$43,240Insider loans
$43,249FHLB advances
$5,233Loans and leases held for sale
$811Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,544Total unused commitments
$0Restructured Loans and leases
$284Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$2,456Total interest income
$655Total interest expense
$1,801Net interest income
$4Provision for loan and lease losses
$625Total noninterest income
$0Fiduciary activities
$473Service charges on deposit accounts
$0Trading account gains & fees
$152Additional noninterest income
$2,175Total noninterest expense
$1,133Salaries and employee benefits
$170Premises and equipment expense
$872Additional noninterest expense
$247Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$247Income before extraordinary items
$0Extraordinary gains - net
$247Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$10Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.51%Yield on earning assets
1.74%Cost of funding earning assets
4.77%Net interest margin
1.66%Noninterest income to earning assets
5.77%Noninterest expense to earning assets
0.57%Net operating income to assets
0.57%Return on assets (ROA)
0.57%Pretax return on assets
7.37%Return on equity (ROE)
7.37%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
40.00%Credit loss provision to net charge-offs
25.10%Efficiency ratio
89,654Assets per employee
2.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.62%Loss allowance to noncurrent loans
145.80%Noncurrent assets plus other real estate owned to assets
0.81%Noncurrent loans to loans
1.11%Net loans and leases to deposits
63.03%Net loans and leases to core deposits
72.50%Equity capital to assets
7.88%Core capital (leverage) ratio
8.68%Tier 1 risk-based capital ratio
16.28%Total risk-based capital ratio
Memoranda
$18Average assets
$43,240Average earning assets
$3,351Average equity
$37,723Average loans
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