FDIC Certificate #: 2412 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of South Texas (#26727) Federal Reserve ID: 992253 Date Established: January 01, 1931 WWW:http://www.sbok@intcomm.net Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 1588 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: January 01, 1934 Last Structure Change Effective Date: July 11, 2003 Last Structure Change Process Date: October 28, 2003 Last Data Update: October 28, 2003 Data Source Date: April 05, 2012
Location
Address: 300 East King Street, Kingsville, TX 78363 County: Kleberg Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Houston Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Combined Statistical Area (CSA): Corpus Christi-Kingsville, TX (#204) Core Based Statistical Area (CBSA): Kingsville, TX (#28780) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $31.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
23Total employees (full-time equivalent)
$31,633Total assets
$1,998Cash and due from depository institutions
$0Interest-bearing balances
$14,890Securities
$2,700Federal funds sold & reverse repurchase agreements
$10,649Net loans & leases
$171Loan loss allowance
$0Trading account assets
$1,030Bank premises and fixed assets
$85Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$281All other assets
$31,633Total liabilities and capital
$27,805Total liabilities
$27,753Total deposits
$20,236Interest-bearing deposits
$27,753Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$52All other liabilities
$3,828Total equity capital
$3,828Total bank equity capital
$3,828Perpetual preferred stock
$0Common stock
$924Surplus
$924Undivided profits
Memoranda
$1,980Noncurrent loans and leases
$571Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$209Earning assets
$0Long-term assets (5+ years)
$234Average Assets, year-to-date
$28,239Average Assets, quarterly
$14,684Volatile liabilities
$34,019Insider loans
$32,301FHLB advances
$2,133Loans and leases held for sale
$263Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$571Total unused commitments
$0Restructured Loans and leases
$171Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$2,052Total interest income
$471Total interest expense
$1,581Net interest income
$24Provision for loan and lease losses
$523Total noninterest income
$0Fiduciary activities
$370Service charges on deposit accounts
$0Trading account gains & fees
$153Additional noninterest income
$1,720Total noninterest expense
$786Salaries and employee benefits
$257Premises and equipment expense
$677Additional noninterest expense
$360Pre-tax net operating income
-$5Securities gains (losses)
$0Applicable income taxes
$355Income before extraordinary items
$0Extraordinary gains - net
$355Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$24Sale, conversion, retirement of capital stock, net
$370Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.73%Yield on earning assets
1.54%Cost of funding earning assets
5.19%Net interest margin
1.72%Noninterest income to earning assets
5.64%Noninterest expense to earning assets
1.06%Net operating income to assets
1.04%Return on assets (ROA)
1.04%Pretax return on assets
9.89%Return on equity (ROE)
-0.42%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
16.00%Efficiency ratio
81,749Assets per employee
1.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
104.23%Loss allowance to loans
1.58%Loss allowance to noncurrent loans
81.82%Noncurrent assets plus other real estate owned to assets
0.93%Noncurrent loans to loans
1.93%Net loans and leases to deposits
38.37%Net loans and leases to core deposits
41.57%Equity capital to assets
12.10%Core capital (leverage) ratio
10.15%Tier 1 risk-based capital ratio
24.63%Total risk-based capital ratio
Memoranda
$26Average assets
$34,019Average earning assets
$3,590Average equity
$30,492Average loans
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