FDIC Certificate #: 22424 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:American State Bank (#16701) Federal Reserve ID: 409751 Date Established: Febuary 28, 1977 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 9 (Interstate: No) OTS Docket #: 12076 FDIC's unique #: 15623 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: Febuary 28, 1977 Last Structure Change Effective Date: July 31, 1998 Last Structure Change Process Date: September 10, 1998 Last Data Update: September 10, 1998 Data Source Date: April 05, 2012
Location
Address: 402 Cypress Street, Abilene, TX 79601 County: Taylor 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 Metropolitan Statistical Area (MSA): Abilene, TX (#40) Core Based Statistical Area (CBSA): Abilene, TX (#10180) CBSA Metro Statistical Area: Abilene, TX (#10180)
Financial Summary
Total assets: $283.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
150Total employees (full-time equivalent)
$255,882Total assets
$16,440Cash and due from depository institutions
$104Interest-bearing balances
$61,609Securities
$13,300Federal funds sold & reverse repurchase agreements
$152,461Net loans & leases
$2,510Loan loss allowance
$0Trading account assets
$5,991Bank premises and fixed assets
$108Other real estate owned
$1,024Goodwill and other intangibles
$0Life insurance assets
$4,949All other assets
$255,882Total liabilities and capital
$238,090Total liabilities
$234,253Total deposits
$182,307Interest-bearing deposits
$234,253Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,985Other borrowed funds
$0Subordinated debt
$1,852All other liabilities
$17,792Total equity capital
$17,792Total bank equity capital
$17,792Perpetual preferred stock
$0Common stock
$500Surplus
$13,500Undivided profits
Memoranda
$3,792Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,749Earning assets
$397Long-term assets (5+ years)
$2,346Average Assets, year-to-date
$227,474Average Assets, quarterly
$13,615Volatile liabilities
$249,942Insider loans
$251,488FHLB advances
$40,016Loans and leases held for sale
$3,398Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$33,738Total unused commitments
$0Restructured Loans and leases
$178,650Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$19,319Total interest income
$8,118Total interest expense
$11,201Net interest income
$3,803Provision for loan and lease losses
$2,957Total noninterest income
$0Fiduciary activities
$1,552Service charges on deposit accounts
$0Trading account gains & fees
$1,405Additional noninterest income
$9,996Total noninterest expense
$4,370Salaries and employee benefits
$1,101Premises and equipment expense
$4,525Additional noninterest expense
$359Pre-tax net operating income
-$8Securities gains (losses)
$192Applicable income taxes
$159Income before extraordinary items
$0Extraordinary gains - net
$159Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,832Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.73%Yield on earning assets
3.67%Cost of funding earning assets
5.06%Net interest margin
1.34%Noninterest income to earning assets
4.52%Noninterest expense to earning assets
0.07%Net operating income to assets
0.06%Return on assets (ROA)
0.14%Pretax return on assets
0.90%Return on equity (ROE)
0.90%Retained earnings to average equity (YTD only)
1.90%Net charge-offs to loans
134.29%Credit loss provision to net charge-offs
1.47%Efficiency ratio
70,059Assets per employee
1.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.62%Loss allowance to noncurrent loans
91.31%Noncurrent assets plus other real estate owned to assets
1.12%Noncurrent loans to loans
1.77%Net loans and leases to deposits
65.08%Net loans and leases to core deposits
78.01%Equity capital to assets
6.95%Core capital (leverage) ratio
6.71%Tier 1 risk-based capital ratio
9.40%Total risk-based capital ratio
Memoranda
$11Average assets
$249,942Average earning assets
$17,587Average equity
$221,344Average loans
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