The Farmers Guaranty State Bank of Kennard in Kennard, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 31, 1994

The Farmers Guaranty State Bank of Kennard in Kennard, Texas (TX)
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The Farmers Guaranty State Bank of Kennard - Overview

General
FDIC Certificate #: 11143
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: West Side Bank and Trust (#18915)
Federal Reserve ID: 743259
Date Established: January 01, 1913
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 7112
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: May 31, 1994
Last Structure Change Process Date: July 11, 1994
Last Data Update: July 11, 1994
Data Source Date: April 05, 2012
Location
Address: 108 Broadway, Kennard, TX 75847
County: Houston
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
Financial Summary
Total assets: $14.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$8Total assets
$15,345Cash and due from depository institutions
$1,989Interest-bearing balances
$1,387Securities
$9,723Federal funds sold & reverse repurchase agreements
$700Net loans & leases
$2,729Loan loss allowance
$30Trading account assets
$0Bank premises and fixed assets
$53Other real estate owned
$0Goodwill and other intangibles
$151Life insurance assets
$0All other assets
$0Total liabilities and capital
$15,345Total liabilities
$14,316Total deposits
$14,272Interest-bearing deposits
$12,915Deposits held in domestic offices
14272.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$44Total equity capital
$44Total bank equity capital
$1,029Perpetual preferred stock
$0Common stock
$400Surplus
$200Undivided profits
Memoranda
$429Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$42Income earned, not collected on loans
$54Earning assets
$14,539Long-term assets (5+ years)
$651Average Assets, year-to-date
$15,455Average Assets, quarterly
$15,296Volatile liabilities
$2,072Insider loans
$93FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,029Total risk weighted assets
$4,788Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$996Total interest expense
$440Net interest income
$556Provision for loan and lease losses
$12Total noninterest income
$90Fiduciary activities
$0Service charges on deposit accounts
$78Trading account gains & fees
$0Additional noninterest income
$12Total noninterest expense
$540Salaries and employee benefits
$301Premises and equipment expense
$15Additional noninterest expense
$224Pre-tax net operating income
$94Securities gains (losses)
$0Applicable income taxes
$3Income before extraordinary items
$91Extraordinary gains - net
$0Net income attributable to bank
$91Net charge-offs
$2Cash dividends
$32Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.78%Cost of funding earning assets
3.00%Net interest margin
3.79%Noninterest income to earning assets
0.61%Noninterest expense to earning assets
3.68%Net operating income to assets
0.59%Return on assets (ROA)
0.59%Pretax return on assets
0.61%Return on equity (ROE)
9.22%Retained earnings to average equity (YTD only)
5.98%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
600.00%Efficiency ratio
83,591Assets per employee
1.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
35.16%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
71.43%Noncurrent assets plus other real estate owned to assets
0.27%Noncurrent loans to loans
1.52%Net loans and leases to deposits
19.12%Net loans and leases to core deposits
22.37%Equity capital to assets
6.71%Core capital (leverage) ratio
7.01%Tier 1 risk-based capital ratio
21.49%Total risk-based capital ratio
Memoranda
$22Average assets
$15,455Average earning assets
$987Average equity
$14,688Average loans

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