FDIC Certificate #: 3288 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Harlingen National Bank (#16271) Federal Reserve ID: 873651 Date Established: November 16, 1912 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) FDIC's unique #: 2127 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: May 18, 1998 Last Structure Change Process Date: June 09, 1998 Last Data Update: June 09, 1998 Data Source Date: April 05, 2012
Location
Address: Main Street, La Feria, TX 78559 County: Cameron 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): Brownsville-Harlingen-San Benito, TX (#1240) Combined Statistical Area (CSA): Brownsville-Harlingen-Raymondville, TX (#154) Core Based Statistical Area (CBSA): Brownsville-Harlingen, TX (#15180) CBSA Metro Statistical Area: Brownsville-Harlingen, TX (#15180)
Financial Summary
Total assets: $48.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
33Total employees (full-time equivalent)
$46,212Total assets
$2,395Cash and due from depository institutions
$0Interest-bearing balances
$12,890Securities
$9,054Federal funds sold & reverse repurchase agreements
$20,118Net loans & leases
$256Loan loss allowance
$0Trading account assets
$1,029Bank premises and fixed assets
$56Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$670All other assets
$46,212Total liabilities and capital
$42,679Total liabilities
$42,268Total deposits
$32,565Interest-bearing deposits
$42,268Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$113Other borrowed funds
$0Subordinated debt
$298All other liabilities
$3,533Total equity capital
$3,533Total bank equity capital
$3,533Perpetual preferred stock
$0Common stock
$400Surplus
$400Undivided profits
Memoranda
$2,733Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$332Earning assets
$92Long-term assets (5+ years)
$219Average Assets, year-to-date
$42,062Average Assets, quarterly
$1,178Volatile liabilities
$46,097Insider loans
$46,072FHLB advances
$1,761Loans and leases held for sale
$673Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,121Total unused commitments
$0Restructured Loans and leases
$21,338Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$3,430Total interest income
$1,296Total interest expense
$2,134Net interest income
$130Provision for loan and lease losses
$707Total noninterest income
$0Fiduciary activities
$524Service charges on deposit accounts
$0Trading account gains & fees
$183Additional noninterest income
$2,365Total noninterest expense
$1,320Salaries and employee benefits
$314Premises and equipment expense
$731Additional noninterest expense
$346Pre-tax net operating income
$0Securities gains (losses)
$96Applicable income taxes
$250Income before extraordinary items
$0Extraordinary gains - net
$250Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$90Sale, conversion, retirement of capital stock, net
$40Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.21%Yield on earning assets
3.10%Cost of funding earning assets
5.11%Net interest margin
1.69%Noninterest income to earning assets
5.66%Noninterest expense to earning assets
0.54%Net operating income to assets
0.54%Return on assets (ROA)
0.75%Pretax return on assets
7.36%Return on equity (ROE)
6.19%Retained earnings to average equity (YTD only)
0.43%Net charge-offs to loans
144.44%Credit loss provision to net charge-offs
5.29%Efficiency ratio
83,245Assets per employee
1.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
16.00%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
77.11%Noncurrent assets plus other real estate owned to assets
0.84%Noncurrent loans to loans
1.63%Net loans and leases to deposits
47.60%Net loans and leases to core deposits
49.53%Equity capital to assets
7.65%Core capital (leverage) ratio
7.60%Tier 1 risk-based capital ratio
16.50%Total risk-based capital ratio
Memoranda
$18Average assets
$46,097Average earning assets
$3,395Average equity
$41,794Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The First National Bank of La Feria.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: