FDIC Certificate #: 11907 Status: Active Federal Reserve ID: 389358 Date Established: January 01, 1925 WWW:http://www.ssbfarwell.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 7605 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: June 15, 2010 Last Data Update: June 15, 2010 Data Source Date: April 05, 2012
Location
Address: 100 5th Street, Farwell, TX 79325 County: Parmer 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
History of Changes
Merge BIF and SAIF Funds into DIF
Change in Geographic Region/Area/Territory/Field Office
Change in Location
Financial Summary
Total assets: $117.0 mil Equity capital: $13.5 mil Deposits held in domestic offices: $103.3 mil Return on assets (ROA): 1.38% ($1.6 mil) Quarterly return on assets: 0.04% ($0.0 mil) Return on Equity (ROE): 11.10% ($1.4 mil) Quarterly return on equity: 0.34% ($0.0 mil) Net income: $1.5 mil Quarterly Net income: $0.0 mil Pretax return on assets: 1.38% ($1,613.9 mil) Quarterly Pretax return on assets: 0.04% ($46.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
12Total employees (full-time equivalent)
$116,952Total assets
$17,282Cash and due from depository institutions
$406Interest-bearing balances
$52,103Securities
$0Federal funds sold & reverse repurchase agreements
$45,946Net loans & leases
$50Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$116,951Life insurance assets
$1,621All other assets
$103,462Total liabilities and capital
$103,345Total liabilities
$74,784Total deposits
$103,345Interest-bearing deposits
$74Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$117Subordinated debt
$13,489All other liabilities
$13,489Total equity capital
$13,489Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$3,500Surplus
$9,489Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$1,501Long-term assets (5+ years)
$98,455Average Assets, year-to-date
$18,165Average Assets, quarterly
$111,177Volatile liabilities
$110,938Insider loans
$54,588FHLB advances
$110,481Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$13,488Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$15,380Restructured Loans and leases
$867Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,873Total interest income
$565Total interest expense
$3,308Net interest income
$114Provision for loan and lease losses
$270Total noninterest income
$150Fiduciary activities
$103Service charges on deposit accounts
$0Trading account gains & fees
$17Additional noninterest income
$1,925Total noninterest expense
$1,304Salaries and employee benefits
$53Premises and equipment expense
$568Additional noninterest expense
$1,539Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,539Income before extraordinary items
$0Extraordinary gains - net
$1,539Net income attributable to bank
$0Net charge-offs
$1,539Cash dividends
$102Sale, conversion, retirement of capital stock, net
$1,250Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.03%Yield on earning assets
0.59%Cost of funding earning assets
3.44%Net interest margin
0.28%Noninterest income to earning assets
2.00%Noninterest expense to earning assets
1.38%Net operating income to assets
1.38%Return on assets (ROA)
1.38%Pretax return on assets
11.10%Return on equity (ROE)
2.08%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
111.76%Credit loss provision to net charge-offs
16.21%Efficiency ratio
53,801Assets per employee
9.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
81.22%Loss allowance to loans
0.11%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
44.46%Net loans and leases to core deposits
55.71%Equity capital to assets
11.53%Core capital (leverage) ratio
12.21%Tier 1 risk-based capital ratio
24.71%Total risk-based capital ratio
Memoranda
$25Average assets
$111,177Average earning assets
$13,868Average equity
$96,061Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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