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

This bank is inactive as of September 10, 1998

The First National Bank of Palestine in Palestine, Texas (TX)
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The First National Bank of Palestine - Overview

General
FDIC Certificate #: 3378
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank (#12368)
Federal Reserve ID: 966861
Date Established: January 01, 1887
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
OTS Docket #: 9313
FDIC's unique #: 2195
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 10, 1998
Last Structure Change Process Date: October 06, 1998
Last Data Update: October 06, 1998
Data Source Date: April 05, 2012
Location
Address: 100 Avenue A, Palestine, TX 75801
County: Anderson
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
Core Based Statistical Area (CBSA): Palestine, TX (#37300)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $93.1 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
41Total employees (full-time equivalent)
$102,980Total assets
$5,694Cash and due from depository institutions
$419Interest-bearing balances
$32,810Securities
$0Federal funds sold & reverse repurchase agreements
$59,271Net loans & leases
$657Loan loss allowance
$0Trading account assets
$1,361Bank premises and fixed assets
$51Other real estate owned
$2,487Goodwill and other intangibles
$0Life insurance assets
$1,306All other assets
$102,980Total liabilities and capital
$90,363Total liabilities
$82,953Total deposits
$69,204Interest-bearing deposits
$82,953Deposits held in domestic offices
0.00%% insured (estimated)
$6,514Federal funds purchased & repurchase agreements
$0Trading liabilities
$80Other borrowed funds
$0Subordinated debt
$816All other liabilities
$12,617Total equity capital
$12,617Total bank equity capital
$12,617Perpetual preferred stock
$0Common stock
$500Surplus
$10,608Undivided profits
Memoranda
$1,509Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$239Earning assets
$0Long-term assets (5+ years)
$540Average Assets, year-to-date
$92,500Average Assets, quarterly
$22,578Volatile liabilities
$100,172Insider loans
$100,858FHLB advances
$22,189Loans and leases held for sale
$1,645Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,118Total unused commitments
$0Restructured Loans and leases
$61,348Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$7,100Total interest income
$2,474Total interest expense
$4,626Net interest income
$295Provision for loan and lease losses
$951Total noninterest income
$0Fiduciary activities
$705Service charges on deposit accounts
$0Trading account gains & fees
$246Additional noninterest income
$3,279Total noninterest expense
$1,660Salaries and employee benefits
$359Premises and equipment expense
$1,260Additional noninterest expense
$2,003Pre-tax net operating income
-$4Securities gains (losses)
$686Applicable income taxes
$1,313Income before extraordinary items
$0Extraordinary gains - net
$1,313Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$66Sale, conversion, retirement of capital stock, net
$700Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.98%Yield on earning assets
2.78%Cost of funding earning assets
5.20%Net interest margin
1.07%Noninterest income to earning assets
3.69%Noninterest expense to earning assets
1.31%Net operating income to assets
1.31%Return on assets (ROA)
2.00%Pretax return on assets
10.75%Return on equity (ROE)
5.02%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
446.97%Credit loss provision to net charge-offs
34.82%Efficiency ratio
54,940Assets per employee
2.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.31%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
274.90%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.40%Net loans and leases to deposits
71.45%Net loans and leases to core deposits
88.10%Equity capital to assets
12.25%Core capital (leverage) ratio
10.18%Tier 1 risk-based capital ratio
16.33%Total risk-based capital ratio
Memoranda
$17Average assets
$100,172Average earning assets
$12,209Average equity
$88,933Average loans

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