FDIC Certificate #: 32641 Status: Inactive Federal Reserve ID: 1387762 Date Established: December 29, 1988 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8559 FDIC's unique #: 45475 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: December 29, 1988 Last Structure Change Effective Date: March 19, 2001 Last Structure Change Process Date: June 01, 2001 Last Data Update: June 01, 2001 Data Source Date: April 05, 2012
Location
Address: 606 North Carancahua, Corpus Christi, TX 78476 County: Nueces 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): Corpus Christi, TX (#1880) Combined Statistical Area (CSA): Corpus Christi-Kingsville, TX (#204) Core Based Statistical Area (CBSA): Corpus Christi, TX (#18580) CBSA Metro Statistical Area: Corpus Christi, TX (#18580)
History of Changes
Other Liquidations and Closings
Financial Summary
Total assets: $1.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
28Total employees (full-time equivalent)
$1,833Total assets
$478Cash and due from depository institutions
$0Interest-bearing balances
$9Securities
$170Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,176All other assets
$1,833Total liabilities and capital
$1,352Total liabilities
$0Total deposits
$0Interest-bearing deposits
$0Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$29Other borrowed funds
$0Subordinated debt
$1,323All other liabilities
$481Total equity capital
$481Total bank equity capital
$481Perpetual preferred stock
$0Common stock
$1Surplus
$162,638Undivided profits
Memoranda
$-162,158Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$0Average Assets, year-to-date
$179Average Assets, quarterly
$0Volatile liabilities
$200,715Insider loans
$21,345FHLB advances
$29Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$27,466Total interest income
$6,742Total interest expense
$20,724Net interest income
-$1,907Provision for loan and lease losses
$5,128Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$5,128Additional noninterest income
$53,376Total noninterest expense
$13,542Salaries and employee benefits
$9,423Premises and equipment expense
$30,411Additional noninterest expense
-$25,617Pre-tax net operating income
-$9,916Securities gains (losses)
-$922Applicable income taxes
-$34,611Income before extraordinary items
$0Extraordinary gains - net
-$34,611Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$1,973Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
20.63%Yield on earning assets
5.07%Cost of funding earning assets
15.57%Net interest margin
3.85%Noninterest income to earning assets
40.10%Noninterest expense to earning assets
-12.45%Net operating income to assets
-17.24%Return on assets (ROA)
-17.70%Pretax return on assets
-112.92%Return on equity (ROE)
-112.92%Retained earnings to average equity (YTD only)
-1.89%Net charge-offs to loans
96.65%Credit loss provision to net charge-offs
0.00%Efficiency ratio
191,536Assets per employee
0.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
26.24%Core capital (leverage) ratio
26.24%Tier 1 risk-based capital ratio
54.85%Total risk-based capital ratio
Memoranda
$55Average assets
$200,715Average earning assets
$30,650Average equity
$133,104Average loans
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