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

This bank is inactive as of April 01, 1997

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

General
FDIC Certificate #: 5501
Status: Inactive
Closing history: Office Sold
Acquiring institution: First National Bank (#34455)
Federal Reserve ID: 990062
Date Established: May 17, 1907
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)
FDIC's unique #: 3731
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: April 01, 1997
Last Structure Change Process Date: April 17, 1997
Last Data Update: April 17, 1997
Data Source Date: April 05, 2012
Location
Address: 118 North Garfield Street, Rotan, TX 79546
County: Fisher
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
History of Changes
Merger - Without Assistance
Corrections
Office Sold
Financial Summary
Total assets: $72.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$34Total assets
$71,308Cash and due from depository institutions
$2,520Interest-bearing balances
$0Securities
$23,153Federal funds sold & reverse repurchase agreements
$2,950Net loans & leases
$39,080Loan loss allowance
$671Trading account assets
$0Bank premises and fixed assets
$496Other real estate owned
$509Goodwill and other intangibles
$2,600Life insurance assets
$0All other assets
$0Total liabilities and capital
$71,308Total liabilities
$64,122Total deposits
$63,600Interest-bearing deposits
$55,784Deposits held in domestic offices
63600.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$522Total equity capital
$522Total bank equity capital
$7,186Perpetual preferred stock
$0Common stock
$600Surplus
$800Undivided profits
Memoranda
$5,786Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,789Income earned, not collected on loans
$1,535Earning assets
$65,183Long-term assets (5+ years)
$833Average Assets, year-to-date
$68,095Average Assets, quarterly
$68,928Volatile liabilities
$12,771Insider loans
$39FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,110Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,247Total risk weighted assets
$45,053Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$5,194Total interest expense
$2,207Net interest income
$2,987Provision for loan and lease losses
$512Total noninterest income
$555Fiduciary activities
$0Service charges on deposit accounts
$456Trading account gains & fees
$0Additional noninterest income
$99Total noninterest expense
$2,119Salaries and employee benefits
$1,216Premises and equipment expense
$272Additional noninterest expense
$631Pre-tax net operating income
$911Securities gains (losses)
-$43Applicable income taxes
$235Income before extraordinary items
$633Extraordinary gains - net
$0Net income attributable to bank
$633Net charge-offs
$635Cash dividends
$150Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.36%Cost of funding earning assets
3.55%Net interest margin
4.81%Noninterest income to earning assets
0.89%Noninterest expense to earning assets
3.41%Net operating income to assets
0.98%Return on assets (ROA)
0.93%Pretax return on assets
1.27%Return on equity (ROE)
9.13%Retained earnings to average equity (YTD only)
6.97%Net charge-offs to loans
1.63%Credit loss provision to net charge-offs
80.63%Efficiency ratio
59,825Assets per employee
2.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
23.70%Loss allowance to loans
1.69%Loss allowance to noncurrent loans
24.06%Noncurrent assets plus other real estate owned to assets
4.63%Noncurrent loans to loans
7.02%Net loans and leases to deposits
61.45%Net loans and leases to core deposits
76.89%Equity capital to assets
10.08%Core capital (leverage) ratio
10.75%Tier 1 risk-based capital ratio
16.09%Total risk-based capital ratio
Memoranda
$17Average assets
$68,095Average earning assets
$6,932Average equity
$62,132Average loans

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