FDIC Certificate #: 22695 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 471169 Date Established: August 07, 1978 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) OTS Docket #: 11434 FDIC's unique #: 15843 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: August 07, 1978 Last Structure Change Effective Date: August 27, 1998 Last Structure Change Process Date: October 06, 1998 Last Data Update: October 06, 1998 Data Source Date: April 05, 2012
Location
Address: 2000 Richmond Road, Texarkana, TX 75503 County: Bowie 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): Texarkana, TX-Texarkana, AR (#8360) Core Based Statistical Area (CBSA): Texarkana, TX-Texarkana, AR (#45500) CBSA Metro Statistical Area: Texarkana, TX-Texarkana, AR (#45500)
Financial Summary
Total assets: $189.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
80Total employees (full-time equivalent)
$192,526Total assets
$10,897Cash and due from depository institutions
$0Interest-bearing balances
$60,334Securities
$850Federal funds sold & reverse repurchase agreements
$112,187Net loans & leases
$1,902Loan loss allowance
$0Trading account assets
$5,090Bank premises and fixed assets
$32Other real estate owned
$667Goodwill and other intangibles
$0Life insurance assets
$2,469All other assets
$192,526Total liabilities and capital
$175,706Total liabilities
$174,819Total deposits
$152,042Interest-bearing deposits
$174,819Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$887All other liabilities
$16,820Total equity capital
$16,820Total bank equity capital
$16,820Perpetual preferred stock
$0Common stock
$166Surplus
$6,509Undivided profits
Memoranda
$10,145Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,616Earning assets
$0Long-term assets (5+ years)
$783Average Assets, year-to-date
$173,371Average Assets, quarterly
$22,595Volatile liabilities
$181,503Insider loans
$187,531FHLB advances
$19,038Loans and leases held for sale
$4,119Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,946Total unused commitments
$0Restructured Loans and leases
$120,821Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$13,130Total interest income
$5,895Total interest expense
$7,235Net interest income
$665Provision for loan and lease losses
$1,471Total noninterest income
$20Fiduciary activities
$1,168Service charges on deposit accounts
$0Trading account gains & fees
$283Additional noninterest income
$4,908Total noninterest expense
$1,964Salaries and employee benefits
$871Premises and equipment expense
$2,073Additional noninterest expense
$3,133Pre-tax net operating income
$0Securities gains (losses)
$1,008Applicable income taxes
$2,125Income before extraordinary items
$0Extraordinary gains - net
$2,125Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$505Sale, conversion, retirement of capital stock, net
$3,150Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.99%Yield on earning assets
3.59%Cost of funding earning assets
4.40%Net interest margin
0.90%Noninterest income to earning assets
2.99%Noninterest expense to earning assets
1.17%Net operating income to assets
1.17%Return on assets (ROA)
1.73%Pretax return on assets
12.45%Return on equity (ROE)
-6.00%Retained earnings to average equity (YTD only)
0.45%Net charge-offs to loans
131.68%Credit loss provision to net charge-offs
7.52%Efficiency ratio
55,640Assets per employee
2.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
148.24%Loss allowance to loans
1.67%Loss allowance to noncurrent loans
117.70%Noncurrent assets plus other real estate owned to assets
0.86%Noncurrent loans to loans
1.42%Net loans and leases to deposits
64.17%Net loans and leases to core deposits
72.02%Equity capital to assets
8.74%Core capital (leverage) ratio
8.46%Tier 1 risk-based capital ratio
13.28%Total risk-based capital ratio
Memoranda
$15Average assets
$181,503Average earning assets
$17,070Average equity
$164,304Average loans
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