FDIC Certificate #: 3128 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Happy State Bank (#10359) Federal Reserve ID: 1005758 Date Established: March 07, 1892 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 12150 FDIC's unique #: 2002 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 05, 2009 Last Structure Change Process Date: November 17, 2009 Last Data Update: November 17, 2009 Data Source Date: April 05, 2012
Location
Address: 200 Main Street, Canadian, TX 79014 County: Hemphill Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Lubbock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West
Financial Summary
Total assets: $109.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
21Total employees (full-time equivalent)
$123,677Total assets
$25,466Cash and due from depository institutions
$20,187Interest-bearing balances
$63,867Securities
$6,000Federal funds sold & reverse repurchase agreements
$26,504Net loans & leases
$501Loan loss allowance
$0Trading account assets
$801Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,039All other assets
$123,677Total liabilities and capital
$114,890Total liabilities
$114,828Total deposits
$90,751Interest-bearing deposits
$114,828Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$62All other liabilities
$8,787Total equity capital
$8,787Total bank equity capital
$8,787Perpetual preferred stock
$0Common stock
$1,100Surplus
$2,300Undivided profits
Memoranda
$5,387Noncurrent loans and leases
$5,333Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$313Earning assets
$0Long-term assets (5+ years)
$735Average Assets, year-to-date
$116,558Average Assets, quarterly
$32,512Volatile liabilities
$110,454Insider loans
$116,327FHLB advances
$24,440Loans and leases held for sale
$780Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,333Total unused commitments
$0Restructured Loans and leases
$501Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$5,090Total interest income
$1,418Total interest expense
$3,672Net interest income
$1Provision for loan and lease losses
-$84Total noninterest income
$0Fiduciary activities
$89Service charges on deposit accounts
-$280Trading account gains & fees
$107Additional noninterest income
$1,924Total noninterest expense
$1,044Salaries and employee benefits
$404Premises and equipment expense
$476Additional noninterest expense
$1,663Pre-tax net operating income
-$1,122Securities gains (losses)
$0Applicable income taxes
$541Income before extraordinary items
$0Extraordinary gains - net
$541Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1Sale, conversion, retirement of capital stock, net
$107Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.92%Yield on earning assets
1.37%Cost of funding earning assets
3.55%Net interest margin
-0.08%Noninterest income to earning assets
1.86%Noninterest expense to earning assets
1.51%Net operating income to assets
0.49%Return on assets (ROA)
0.49%Pretax return on assets
7.06%Return on equity (ROE)
5.67%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
1664.00%Efficiency ratio
53,623Assets per employee
5.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
19.78%Loss allowance to loans
1.86%Loss allowance to noncurrent loans
160.06%Noncurrent assets plus other real estate owned to assets
0.25%Noncurrent loans to loans
1.16%Net loans and leases to deposits
23.08%Net loans and leases to core deposits
29.32%Equity capital to assets
7.10%Core capital (leverage) ratio
7.21%Tier 1 risk-based capital ratio
20.62%Total risk-based capital ratio
Memoranda
$22Average assets
$110,454Average earning assets
$7,659Average equity
$103,370Average loans
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