FDIC Certificate #: 23797 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:City Bank (#25103) Federal Reserve ID: 941859 Date Established: April 19, 1982 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 16634 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, 1982 Last Structure Change Effective Date: December 04, 1999 Last Structure Change Process Date: Febuary 11, 2000 Last Data Update: Febuary 11, 2000 Data Source Date: April 05, 2012
Location
Address: 204 Houston, Levelland, TX 79336 County: Hockley 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 Combined Statistical Area (CSA): Lubbock-Levelland, TX (#352) Core Based Statistical Area (CBSA): Levelland, TX (#30220) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $52.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
27Total employees (full-time equivalent)
$53,504Total assets
$3,462Cash and due from depository institutions
$0Interest-bearing balances
$12,460Securities
$2,320Federal funds sold & reverse repurchase agreements
$32,627Net loans & leases
$284Loan loss allowance
$0Trading account assets
$1,498Bank premises and fixed assets
$64Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,073All other assets
$53,504Total liabilities and capital
$49,492Total liabilities
$49,224Total deposits
$40,927Interest-bearing deposits
$49,224Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$268All other liabilities
$4,012Total equity capital
$4,012Total bank equity capital
$4,012Perpetual preferred stock
$0Common stock
$945Surplus
$1,055Undivided profits
Memoranda
$2,012Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$246Earning assets
$0Long-term assets (5+ years)
$653Average Assets, year-to-date
$47,407Average Assets, quarterly
$8,985Volatile liabilities
$56,550Insider loans
$54,427FHLB advances
$12,026Loans and leases held for sale
$40Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,541Total unused commitments
$0Restructured Loans and leases
$36,277Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$4,493Total interest income
$1,840Total interest expense
$2,653Net interest income
$245Provision for loan and lease losses
$512Total noninterest income
$0Fiduciary activities
$415Service charges on deposit accounts
$0Trading account gains & fees
$97Additional noninterest income
$2,126Total noninterest expense
$1,114Salaries and employee benefits
$272Premises and equipment expense
$740Additional noninterest expense
$794Pre-tax net operating income
$0Securities gains (losses)
$350Applicable income taxes
$444Income before extraordinary items
$0Extraordinary gains - net
$444Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$440Sale, conversion, retirement of capital stock, net
$1,300Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.83%Yield on earning assets
3.62%Cost of funding earning assets
5.21%Net interest margin
1.01%Noninterest income to earning assets
4.18%Noninterest expense to earning assets
0.79%Net operating income to assets
0.79%Return on assets (ROA)
1.40%Pretax return on assets
9.55%Return on equity (ROE)
-18.41%Retained earnings to average equity (YTD only)
1.25%Net charge-offs to loans
55.68%Credit loss provision to net charge-offs
2.36%Efficiency ratio
67,172Assets per employee
1.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
292.79%Loss allowance to loans
0.86%Loss allowance to noncurrent loans
115.45%Noncurrent assets plus other real estate owned to assets
0.58%Noncurrent loans to loans
0.75%Net loans and leases to deposits
66.28%Net loans and leases to core deposits
87.71%Equity capital to assets
7.50%Core capital (leverage) ratio
7.15%Tier 1 risk-based capital ratio
10.76%Total risk-based capital ratio
Memoranda
$12Average assets
$56,550Average earning assets
$4,651Average equity
$50,873Average loans
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