FDIC Certificate #: 23420 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens National Bank (#3250) Federal Reserve ID: 55859 Date Established: May 26, 1981 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 16122 FDIC's unique #: 16417 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: May 26, 1981 Last Structure Change Effective Date: October 26, 2001 Last Structure Change Process Date: January 24, 2002 Last Data Update: January 24, 2002 Data Source Date: April 05, 2012
Location
Address: 2320 Highway 79 South, Henderson, TX 75652 County: Rusk 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 Combined Statistical Area (CSA): Longview-Marshall, TX (#346) Core Based Statistical Area (CBSA): Longview, TX (#30980) CBSA Metro Statistical Area: Longview, TX (#30980)
Financial Summary
Total assets: $60.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
31Total employees (full-time equivalent)
$53,533Total assets
$13,496Cash and due from depository institutions
$10,811Interest-bearing balances
$5,684Securities
$1,875Federal funds sold & reverse repurchase agreements
$30,611Net loans & leases
$412Loan loss allowance
$0Trading account assets
$1,230Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$637All other assets
$53,533Total liabilities and capital
$45,565Total liabilities
$45,219Total deposits
$36,270Interest-bearing deposits
$45,219Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$346All other liabilities
$7,968Total equity capital
$7,968Total bank equity capital
$7,968Perpetual preferred stock
$0Common stock
$510Surplus
$3,500Undivided profits
Memoranda
$3,958Noncurrent loans and leases
$3,704Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$64Earning assets
$0Long-term assets (5+ years)
$417Average Assets, year-to-date
$48,981Average Assets, quarterly
$2,086Volatile liabilities
$55,477Insider loans
$59,574FHLB advances
$5,206Loans and leases held for sale
$1,043Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,704Total unused commitments
$0Restructured Loans and leases
$391Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$4,297Total interest income
$1,605Total interest expense
$2,692Net interest income
$48Provision for loan and lease losses
$592Total noninterest income
$0Fiduciary activities
$507Service charges on deposit accounts
$0Trading account gains & fees
$85Additional noninterest income
$2,256Total noninterest expense
$1,089Salaries and employee benefits
$387Premises and equipment expense
$780Additional noninterest expense
$980Pre-tax net operating income
$0Securities gains (losses)
$317Applicable income taxes
$663Income before extraordinary items
$0Extraordinary gains - net
$663Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$64Sale, conversion, retirement of capital stock, net
$102Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.46%Yield on earning assets
3.16%Cost of funding earning assets
5.30%Net interest margin
1.17%Noninterest income to earning assets
4.44%Noninterest expense to earning assets
1.20%Net operating income to assets
1.20%Return on assets (ROA)
1.77%Pretax return on assets
8.68%Return on equity (ROE)
7.35%Retained earnings to average equity (YTD only)
0.20%Net charge-offs to loans
75.00%Credit loss provision to net charge-offs
16.06%Efficiency ratio
68,697Assets per employee
1.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
15.38%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
643.75%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.21%Net loans and leases to deposits
67.69%Net loans and leases to core deposits
76.50%Equity capital to assets
14.88%Core capital (leverage) ratio
14.76%Tier 1 risk-based capital ratio
25.38%Total risk-based capital ratio
Memoranda
$27Average assets
$55,477Average earning assets
$7,638Average equity
$50,771Average loans
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