FDIC Certificate #: 18046 Status: Inactive Closing history: Corrections Acquiring institution:Union Bank, National Association (#22826) Federal Reserve ID: 439860 Date Established: July 16, 1959 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 11971 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 16, 1959 Last Structure Change Effective Date: September 24, 2009 Last Structure Change Process Date: March 15, 2011 Last Data Update: March 15, 2011 Data Source Date: April 05, 2012
Location
Address: 500 North Akard Street, Suite 4200, Dallas, TX 75201 County: Dallas 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 Metropolitan Statistical Area (MSA): Dallas, TX (#1920) 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: Dallas-Plano-Irving, TX (#19124)
History of Changes
Merger - Without Assistance
Change in Location
Corrections
Financial Summary
Total assets: $105.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
26Total employees (full-time equivalent)
$113,229Total assets
$6,429Cash and due from depository institutions
$296Interest-bearing balances
$57,323Securities
$9,459Federal funds sold & reverse repurchase agreements
$28,532Net loans & leases
$441Loan loss allowance
$0Trading account assets
$2,484Bank premises and fixed assets
$0Other real estate owned
$6,378Goodwill and other intangibles
$0Life insurance assets
$2,624All other assets
$113,229Total liabilities and capital
$98,348Total liabilities
$97,300Total deposits
$53,731Interest-bearing deposits
$97,300Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,048All other liabilities
$14,881Total equity capital
$14,881Total bank equity capital
$14,881Perpetual preferred stock
$0Common stock
$700Surplus
$9,571Undivided profits
Memoranda
$4,610Noncurrent loans and leases
$10,975Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,154Earning assets
$0Long-term assets (5+ years)
$558Average Assets, year-to-date
$95,610Average Assets, quarterly
$31,954Volatile liabilities
$91,960Insider loans
$103,362FHLB advances
$8,539Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,975Total unused commitments
$69Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$4,470Total interest income
$915Total interest expense
$3,555Net interest income
$28Provision for loan and lease losses
$1,053Total noninterest income
$0Fiduciary activities
$738Service charges on deposit accounts
$0Trading account gains & fees
$315Additional noninterest income
$3,589Total noninterest expense
$1,631Salaries and employee benefits
$523Premises and equipment expense
$1,435Additional noninterest expense
$991Pre-tax net operating income
$0Securities gains (losses)
$333Applicable income taxes
$658Income before extraordinary items
$0Extraordinary gains - net
$658Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$29Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.80%Yield on earning assets
1.19%Cost of funding earning assets
4.61%Net interest margin
1.37%Noninterest income to earning assets
4.66%Noninterest expense to earning assets
0.72%Net operating income to assets
0.72%Return on assets (ROA)
1.08%Pretax return on assets
4.64%Return on equity (ROE)
4.64%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
96.55%Credit loss provision to net charge-offs
35.14%Efficiency ratio
77,886Assets per employee
4.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
38.21%Noncurrent assets plus other real estate owned to assets
1.02%Noncurrent loans to loans
3.98%Net loans and leases to deposits
29.32%Net loans and leases to core deposits
32.14%Equity capital to assets
13.14%Core capital (leverage) ratio
7.74%Tier 1 risk-based capital ratio
13.96%Total risk-based capital ratio
Memoranda
$14Average assets
$91,960Average earning assets
$14,167Average equity
$77,074Average loans
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