The Commercial State Bank in Garrison, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 27, 1993

The Commercial State Bank in Garrison, Texas (TX)
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The Commercial State Bank - Overview

General
FDIC Certificate #: 15462
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Fredonia State Bank (#19067)
Federal Reserve ID: 397054
Date Established: Febuary 19, 1937
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 9770
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: Febuary 19, 1937
Last Structure Change Effective Date: August 27, 1993
Last Structure Change Process Date: September 21, 1993
Last Data Update: September 21, 1993
Data Source Date: April 05, 2012
Location
Address: West Side Public Square, Garrison, TX 75946
County: Nacogdoches
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
Core Based Statistical Area (CBSA): Nacogdoches, TX (#34860)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $35.7 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$14Total assets
$35,077Cash and due from depository institutions
$1,417Interest-bearing balances
$0Securities
$17,400Federal funds sold & reverse repurchase agreements
$1,285Net loans & leases
$14,295Loan loss allowance
$199Trading account assets
$0Bank premises and fixed assets
$167Other real estate owned
$87Goodwill and other intangibles
$426Life insurance assets
$0All other assets
$0Total liabilities and capital
$35,077Total liabilities
$31,984Total deposits
$31,638Interest-bearing deposits
$28,080Deposits held in domestic offices
31638.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$346Total equity capital
$346Total bank equity capital
$3,093Perpetual preferred stock
$0Common stock
$336Surplus
$1,264Undivided profits
Memoranda
$1,493Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$204Income earned, not collected on loans
$146Earning assets
$32,980Long-term assets (5+ years)
$5,192Average Assets, year-to-date
$34,483Average Assets, quarterly
$34,798Volatile liabilities
$5,037Insider loans
$407FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$111Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,093Total risk weighted assets
$16,150Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$2,804Total interest expense
$1,161Net interest income
$1,643Provision for loan and lease losses
$154Total noninterest income
$156Fiduciary activities
$0Service charges on deposit accounts
$119Trading account gains & fees
$0Additional noninterest income
$37Total noninterest expense
$943Salaries and employee benefits
$517Premises and equipment expense
$45Additional noninterest expense
$381Pre-tax net operating income
$702Securities gains (losses)
$4Applicable income taxes
$166Income before extraordinary items
$540Extraordinary gains - net
$0Net income attributable to bank
$540Net charge-offs
$138Cash dividends
$67Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.54%Cost of funding earning assets
3.54%Net interest margin
5.00%Noninterest income to earning assets
0.48%Noninterest expense to earning assets
2.87%Net operating income to assets
1.56%Return on assets (ROA)
1.57%Pretax return on assets
2.05%Return on equity (ROE)
19.02%Retained earnings to average equity (YTD only)
16.66%Net charge-offs to loans
0.95%Credit loss provision to net charge-offs
111.59%Efficiency ratio
52,418Assets per employee
2.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
12.41%Loss allowance to loans
1.37%Loss allowance to noncurrent loans
97.55%Noncurrent assets plus other real estate owned to assets
0.83%Noncurrent loans to loans
1.41%Net loans and leases to deposits
45.18%Net loans and leases to core deposits
53.74%Equity capital to assets
8.82%Core capital (leverage) ratio
8.85%Tier 1 risk-based capital ratio
19.15%Total risk-based capital ratio
Memoranda
$20Average assets
$34,483Average earning assets
$2,840Average equity
$32,842Average loans

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