FDIC Certificate #: 17518 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Vista Bank (#1210) Federal Reserve ID: 856953 Date Established: November 28, 1955 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 11498 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: December 08, 1955 Last Structure Change Effective Date: August 25, 2000 Last Structure Change Process Date: November 15, 2000 Last Data Update: November 15, 2000 Data Source Date: April 05, 2012
Location
Address: 301 Main Street, Idalou, TX 79329 County: Lubbock 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 Metropolitan Statistical Area (MSA): Lubbock, TX (#4600) Combined Statistical Area (CSA): Lubbock-Levelland, TX (#352) Core Based Statistical Area (CBSA): Lubbock, TX (#31180) CBSA Metro Statistical Area: Lubbock, TX (#31180)
Financial Summary
Total assets: $34.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
15Total employees (full-time equivalent)
$36,081Total assets
$3,233Cash and due from depository institutions
$99Interest-bearing balances
$4,841Securities
$740Federal funds sold & reverse repurchase agreements
$26,159Net loans & leases
$552Loan loss allowance
$0Trading account assets
$155Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$953All other assets
$36,081Total liabilities and capital
$32,765Total liabilities
$32,512Total deposits
$25,956Interest-bearing deposits
$32,512Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$253All other liabilities
$3,316Total equity capital
$3,316Total bank equity capital
$3,316Perpetual preferred stock
$0Common stock
$300Surplus
$1,200Undivided profits
Memoranda
$1,816Noncurrent loans and leases
$3,477Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$95Earning assets
$0Long-term assets (5+ years)
$673Average Assets, year-to-date
$31,839Average Assets, quarterly
$1,621Volatile liabilities
$35,775Insider loans
$35,160FHLB advances
$5,790Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,477Total unused commitments
$0Restructured Loans and leases
$349Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$3,138Total interest income
$1,048Total interest expense
$2,090Net interest income
$373Provision for loan and lease losses
$413Total noninterest income
$0Fiduciary activities
$358Service charges on deposit accounts
$0Trading account gains & fees
$55Additional noninterest income
$1,321Total noninterest expense
$605Salaries and employee benefits
$117Premises and equipment expense
$599Additional noninterest expense
$809Pre-tax net operating income
$0Securities gains (losses)
$171Applicable income taxes
$638Income before extraordinary items
$0Extraordinary gains - net
$638Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$297Sale, conversion, retirement of capital stock, net
$513Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.58%Yield on earning assets
3.20%Cost of funding earning assets
6.38%Net interest margin
1.26%Noninterest income to earning assets
4.03%Noninterest expense to earning assets
1.78%Net operating income to assets
1.78%Return on assets (ROA)
2.26%Pretax return on assets
19.50%Return on equity (ROE)
3.82%Retained earnings to average equity (YTD only)
1.13%Net charge-offs to loans
125.59%Credit loss provision to net charge-offs
3.98%Efficiency ratio
52,777Assets per employee
2.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
80.41%Loss allowance to loans
2.07%Loss allowance to noncurrent loans
581.05%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.36%Net loans and leases to deposits
80.46%Net loans and leases to core deposits
97.89%Equity capital to assets
9.19%Core capital (leverage) ratio
9.47%Tier 1 risk-based capital ratio
11.95%Total risk-based capital ratio
Memoranda
$13Average assets
$35,775Average earning assets
$3,272Average equity
$32,745Average loans
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