FDIC Certificate #: 3291 Status: Inactive Closing history: Change in Geographic Region/Area/Territory/Field Office Acquiring institution:First United Bank (#12769) Federal Reserve ID: 561958 Date Established: January 01, 1905 WWW:http://www.firstlamesa.com 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) FDIC's unique #: 2129 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: January 01, 2007 Last Structure Change Process Date: Febuary 12, 2007 Last Data Update: Febuary 12, 2007 Data Source Date: April 05, 2012
Location
Address: 601 North First Street, Lamesa, TX 79331 County: Dawson 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 Core Based Statistical Area (CBSA): Lamesa, TX (#29500) CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $121.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
30Total employees (full-time equivalent)
$121,505Total assets
$4,039Cash and due from depository institutions
$0Interest-bearing balances
$44,193Securities
$43,150Federal funds sold & reverse repurchase agreements
$27,370Net loans & leases
$561Loan loss allowance
$0Trading account assets
$1,623Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,130All other assets
$121,505Total liabilities and capital
$111,951Total liabilities
$110,498Total deposits
$87,719Interest-bearing deposits
$110,498Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$216Other borrowed funds
$0Subordinated debt
$1,237All other liabilities
$9,554Total equity capital
$9,554Total bank equity capital
$9,554Perpetual preferred stock
$0Common stock
$1,000Surplus
$2,000Undivided profits
Memoranda
$6,554Noncurrent loans and leases
$1,913Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$389Earning assets
$268Long-term assets (5+ years)
$936Average Assets, year-to-date
$114,713Average Assets, quarterly
$14,031Volatile liabilities
$118,839Insider loans
$115,962FHLB advances
$42,116Loans and leases held for sale
$20Unused loan commitments
$216Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,913Total unused commitments
$0Restructured Loans and leases
$561Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$6,198Total interest income
$2,654Total interest expense
$3,544Net interest income
$20Provision for loan and lease losses
$372Total noninterest income
$53Fiduciary activities
$226Service charges on deposit accounts
$0Trading account gains & fees
$93Additional noninterest income
$3,668Total noninterest expense
$2,355Salaries and employee benefits
$293Premises and equipment expense
$1,020Additional noninterest expense
$228Pre-tax net operating income
$0Securities gains (losses)
$655Applicable income taxes
-$427Income before extraordinary items
$0Extraordinary gains - net
-$427Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$2Sale, conversion, retirement of capital stock, net
$400Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.48%Yield on earning assets
2.35%Cost of funding earning assets
3.13%Net interest margin
0.33%Noninterest income to earning assets
3.24%Noninterest expense to earning assets
-0.36%Net operating income to assets
-0.36%Return on assets (ROA)
0.19%Pretax return on assets
-4.19%Return on equity (ROE)
-8.11%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-1000.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
93,667Assets per employee
4.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
-93.68%Loss allowance to loans
2.01%Loss allowance to noncurrent loans
144.22%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
1.39%Net loans and leases to deposits
24.77%Net loans and leases to core deposits
40.03%Equity capital to assets
7.86%Core capital (leverage) ratio
8.62%Tier 1 risk-based capital ratio
21.45%Total risk-based capital ratio
Memoranda
$23Average assets
$118,839Average earning assets
$10,202Average equity
$113,058Average loans
Total Fiduciary and Related Assets (December 31, 2006)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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