FDIC Certificate #: 25903 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SouthTrust Bank (#849) Federal Reserve ID: 133551 Date Established: March 11, 1985 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) FDIC's unique #: 32153 Numeric code: 13 Regulator: FED 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: March 11, 1985 Last Structure Change Effective Date: October 30, 1998 Last Structure Change Process Date: January 27, 1999 Last Data Update: January 27, 1999 Data Source Date: April 05, 2012
Location
Address: 1521 North Cooper Street, Suite 100, Arlington, TX 76011 County: Tarrant 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): Fort Worth-Arlington, TX (#2800) Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31) Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100) CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100) Core Based Statistical Division: Fort Worth-Arlington, TX (#23104)
Financial Summary
Total assets: $87.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
30Total employees (full-time equivalent)
$75,246Total assets
$3,295Cash and due from depository institutions
$0Interest-bearing balances
$22,001Securities
$14,825Federal funds sold & reverse repurchase agreements
$33,434Net loans & leases
$420Loan loss allowance
$0Trading account assets
$1,025Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$666All other assets
$75,246Total liabilities and capital
$68,278Total liabilities
$68,032Total deposits
$43,638Interest-bearing deposits
$68,032Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$246All other liabilities
$6,968Total equity capital
$6,968Total bank equity capital
$6,968Perpetual preferred stock
$0Common stock
$1,220Surplus
$4,780Undivided profits
Memoranda
$968Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1Earning assets
$0Long-term assets (5+ years)
$209Average Assets, year-to-date
$70,260Average Assets, quarterly
$7,044Volatile liabilities
$66,507Insider loans
$71,222FHLB advances
$5,185Loans and leases held for sale
$608Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,456Total unused commitments
$0Restructured Loans and leases
$41,364Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$5,281Total interest income
$1,506Total interest expense
$3,775Net interest income
$51Provision for loan and lease losses
$633Total noninterest income
$0Fiduciary activities
$368Service charges on deposit accounts
$0Trading account gains & fees
$265Additional noninterest income
$2,425Total noninterest expense
$1,403Salaries and employee benefits
$337Premises and equipment expense
$685Additional noninterest expense
$1,932Pre-tax net operating income
$0Securities gains (losses)
$632Applicable income taxes
$1,300Income before extraordinary items
$0Extraordinary gains - net
$1,300Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$27Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.66%Yield on earning assets
2.47%Cost of funding earning assets
6.19%Net interest margin
1.04%Noninterest income to earning assets
3.98%Noninterest expense to earning assets
1.95%Net operating income to assets
1.95%Return on assets (ROA)
2.90%Pretax return on assets
20.62%Return on equity (ROE)
20.62%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
188.89%Credit loss provision to net charge-offs
73.44%Efficiency ratio
55,014Assets per employee
2.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
42000.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
49.14%Net loans and leases to core deposits
53.20%Equity capital to assets
9.26%Core capital (leverage) ratio
9.98%Tier 1 risk-based capital ratio
17.04%Total risk-based capital ratio
Memoranda
$18Average assets
$66,507Average earning assets
$6,306Average equity
$60,989Average loans
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