FDIC Certificate #: 17117 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Pilgrim Bank (#16891) Federal Reserve ID: 207564 Date Established: January 01, 1910 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 11798 FDIC's unique #: 11160 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: June 16, 1952 Last Structure Change Effective Date: November 16, 2009 Last Structure Change Process Date: November 17, 2009 Last Data Update: November 17, 2009 Data Source Date: April 05, 2012
Location
Address: 123 East Third Street, Clarendon, TX 79226 County: Donley Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Lubbock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West
Financial Summary
Total assets: $17.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
4Total employees (full-time equivalent)
$16,652Total assets
$539Cash and due from depository institutions
$7Interest-bearing balances
$5,498Securities
$1,700Federal funds sold & reverse repurchase agreements
$7,246Net loans & leases
$67Loan loss allowance
$0Trading account assets
$422Bank premises and fixed assets
$4Other real estate owned
$777Goodwill and other intangibles
$0Life insurance assets
$466All other assets
$16,652Total liabilities and capital
$13,714Total liabilities
$13,648Total deposits
$10,690Interest-bearing deposits
$13,648Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$66All other liabilities
$2,938Total equity capital
$2,938Total bank equity capital
$2,938Perpetual preferred stock
$0Common stock
$300Surplus
$2,232Undivided profits
Memoranda
$406Noncurrent loans and leases
$1,115Noncurrent 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)
$196Average Assets, year-to-date
$14,451Average Assets, quarterly
$5,060Volatile liabilities
$43,001Insider loans
$16,412FHLB advances
$3,305Loans and leases held for sale
$138Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,115Total unused commitments
$0Restructured Loans and leases
$67Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$2,905Total interest income
$1,185Total interest expense
$1,720Net interest income
$195Provision for loan and lease losses
$381Total noninterest income
$0Fiduciary activities
$341Service charges on deposit accounts
$0Trading account gains & fees
$40Additional noninterest income
$1,717Total noninterest expense
$746Salaries and employee benefits
$280Premises and equipment expense
$691Additional noninterest expense
$189Pre-tax net operating income
$17Securities gains (losses)
$36Applicable income taxes
$170Income before extraordinary items
$0Extraordinary gains - net
$170Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$276Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.20%Yield on earning assets
3.34%Cost of funding earning assets
4.85%Net interest margin
1.08%Noninterest income to earning assets
4.85%Noninterest expense to earning assets
0.36%Net operating income to assets
0.40%Return on assets (ROA)
0.48%Pretax return on assets
2.01%Return on equity (ROE)
2.01%Retained earnings to average equity (YTD only)
1.04%Net charge-offs to loans
70.65%Credit loss provision to net charge-offs
1.39%Efficiency ratio
74,679Assets per employee
4.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.92%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.00%Net loans and leases to deposits
53.09%Net loans and leases to core deposits
70.06%Equity capital to assets
17.64%Core capital (leverage) ratio
13.15%Tier 1 risk-based capital ratio
24.10%Total risk-based capital ratio
Memoranda
$25Average assets
$43,001Average earning assets
$8,456Average equity
$35,432Average loans
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