The Farmers National Bank of Rule, Texas in Rule, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 03, 1999

The Farmers National Bank of Rule, Texas in Rule, Texas (TX)
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The Farmers National Bank of Rule, Texas - Overview

General
FDIC Certificate #: 11572
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Hamlin National Bank (#3244)
Federal Reserve ID: 931560
Date Established: January 01, 1917
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
OTS Docket #: 11697
FDIC's unique #: 7393
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: January 01, 1934
Last Structure Change Effective Date: September 03, 1999
Last Structure Change Process Date: October 13, 1999
Last Data Update: October 13, 1999
Data Source Date: April 05, 2012
Location
Address: Fifth And Union, Rule, TX 79547
County: Haskell
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
Financial Summary
Total assets: $16.3 mil

1992 - 1999 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, 1998)

Dollar figures in thousands
10Total employees (full-time equivalent)
$17,195Total assets
$623Cash and due from depository institutions
$123Interest-bearing balances
$4,593Securities
$0Federal funds sold & reverse repurchase agreements
$11,264Net loans & leases
$236Loan loss allowance
$0Trading account assets
$151Bank premises and fixed assets
$171Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$393All other assets
$17,195Total liabilities and capital
$16,182Total liabilities
$15,281Total deposits
$12,761Interest-bearing deposits
$15,281Deposits held in domestic offices
0.00%% insured (estimated)
$725Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$176All other liabilities
$1,013Total equity capital
$1,013Total bank equity capital
$1,013Perpetual preferred stock
$0Common stock
$250Surplus
$256Undivided profits
Memoranda
$507Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$928Earning assets
$557Long-term assets (5+ years)
$217Average Assets, year-to-date
$15,980Average Assets, quarterly
$331Volatile liabilities
$18,031Insider loans
$17,402FHLB advances
$4,371Loans and leases held for sale
$330Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$492Total unused commitments
$0Restructured Loans and leases
$9,430Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$1,508Total interest income
$663Total interest expense
$845Net interest income
$254Provision for loan and lease losses
$158Total noninterest income
$0Fiduciary activities
$95Service charges on deposit accounts
$0Trading account gains & fees
$63Additional noninterest income
$785Total noninterest expense
$321Salaries and employee benefits
$60Premises and equipment expense
$404Additional noninterest expense
-$36Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$36Income before extraordinary items
$0Extraordinary gains - net
-$36Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$228Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.94%Yield on earning assets
3.93%Cost of funding earning assets
5.01%Net interest margin
0.94%Noninterest income to earning assets
4.65%Noninterest expense to earning assets
-0.20%Net operating income to assets
-0.20%Return on assets (ROA)
-0.20%Pretax return on assets
-3.60%Return on equity (ROE)
-3.60%Retained earnings to average equity (YTD only)
1.89%Net charge-offs to loans
111.40%Credit loss provision to net charge-offs
0.96%Efficiency ratio
78,265Assets per employee
1.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.05%Loss allowance to noncurrent loans
25.43%Noncurrent assets plus other real estate owned to assets
6.39%Noncurrent loans to loans
8.07%Net loans and leases to deposits
73.71%Net loans and leases to core deposits
96.81%Equity capital to assets
5.89%Core capital (leverage) ratio
5.82%Tier 1 risk-based capital ratio
10.77%Total risk-based capital ratio
Memoranda
$12Average assets
$18,031Average earning assets
$999Average equity
$16,866Average loans

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