FDIC Certificate #: 20410 Status: Inactive Closing history: Participated in Reorganization Acquiring institution:First National Bank in Port Lavaca (#17811) Federal Reserve ID: 337966 Date Established: April 19, 1971 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 14065 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: April 19, 1971 Last Structure Change Effective Date: Febuary 28, 2006 Last Structure Change Process Date: March 15, 2006 Last Data Update: March 15, 2006 Data Source Date: April 05, 2012
Location
Address: Railroad Street, Seadrift, TX 77983 County: Calhoun 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 Core Based Statistical Area (CBSA): Victoria, TX (#47020) CBSA Metro Statistical Area: Victoria, TX (#47020)
History of Changes
Merger - Without Assistance
Participated in Reorganization
Financial Summary
Total assets: $23.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
9Total employees (full-time equivalent)
$23,604Total assets
$1,469Cash and due from depository institutions
$0Interest-bearing balances
$10,354Securities
$1,200Federal funds sold & reverse repurchase agreements
$10,303Net loans & leases
$101Loan loss allowance
$0Trading account assets
$22Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$256All other assets
$23,604Total liabilities and capital
$19,149Total liabilities
$19,023Total deposits
$16,301Interest-bearing deposits
$19,023Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$126All other liabilities
$4,455Total equity capital
$4,455Total bank equity capital
$4,455Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,000Undivided profits
Memoranda
$2,455Noncurrent 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)
$225Average Assets, year-to-date
$21,857Average Assets, quarterly
$8,849Volatile liabilities
$25,150Insider loans
$24,328FHLB advances
$4,090Loans and leases held for sale
$279Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$101Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$1,252Total interest income
$438Total interest expense
$814Net interest income
$26Provision for loan and lease losses
$137Total noninterest income
$0Fiduciary activities
$117Service charges on deposit accounts
$0Trading account gains & fees
$20Additional noninterest income
$684Total noninterest expense
$393Salaries and employee benefits
$57Premises and equipment expense
$234Additional noninterest expense
$241Pre-tax net operating income
$0Securities gains (losses)
$46Applicable income taxes
$195Income before extraordinary items
$0Extraordinary gains - net
$195Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$12Sale, conversion, retirement of capital stock, net
$133Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.36%Yield on earning assets
1.88%Cost of funding earning assets
3.48%Net interest margin
0.59%Noninterest income to earning assets
2.93%Noninterest expense to earning assets
0.78%Net operating income to assets
0.78%Return on assets (ROA)
0.96%Pretax return on assets
4.30%Return on equity (ROE)
1.37%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
216.67%Credit loss provision to net charge-offs
22.25%Efficiency ratio
71,924Assets per employee
2.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
68.21%Loss allowance to loans
0.97%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
54.16%Net loans and leases to core deposits
68.99%Equity capital to assets
18.87%Core capital (leverage) ratio
18.71%Tier 1 risk-based capital ratio
35.84%Total risk-based capital ratio
Memoranda
$37Average assets
$25,150Average earning assets
$4,540Average equity
$23,358Average loans
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