FDIC Certificate #: 5527 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens Bank (#15591) Federal Reserve ID: 242565 Date Established: January 01, 1904 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 #: 3756 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: March 29, 2002 Last Structure Change Process Date: May 03, 2002 Last Data Update: May 03, 2002 Data Source Date: April 05, 2012
Location
Address: 711 North Main Street, Shamrock, TX 79079 County: Wheeler 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: $21.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
8Total employees (full-time equivalent)
$21,528Total assets
$725Cash and due from depository institutions
$11Interest-bearing balances
$7,667Securities
$4,520Federal funds sold & reverse repurchase agreements
$7,515Net loans & leases
$330Loan loss allowance
$0Trading account assets
$735Bank premises and fixed assets
$29Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$337All other assets
$21,528Total liabilities and capital
$19,240Total liabilities
$19,126Total deposits
$13,406Interest-bearing deposits
$19,126Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$114All other liabilities
$2,288Total equity capital
$2,288Total bank equity capital
$2,288Perpetual preferred stock
$0Common stock
$500Surplus
$300Undivided profits
Memoranda
$1,488Noncurrent loans and leases
$2,084Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$328Earning assets
$0Long-term assets (5+ years)
$177Average Assets, year-to-date
$19,713Average Assets, quarterly
$5,362Volatile liabilities
$23,554Insider loans
$21,470FHLB advances
$2,239Loans and leases held for sale
$65Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,084Total unused commitments
$0Restructured Loans and leases
$130Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$1,527Total interest income
$702Total interest expense
$825Net interest income
$151Provision for loan and lease losses
$172Total noninterest income
$0Fiduciary activities
$149Service charges on deposit accounts
$0Trading account gains & fees
$23Additional noninterest income
$895Total noninterest expense
$334Salaries and employee benefits
$131Premises and equipment expense
$430Additional noninterest expense
-$49Pre-tax net operating income
$17Securities gains (losses)
-$23Applicable income taxes
-$9Income before extraordinary items
$0Extraordinary gains - net
-$9Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$51Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.10%Yield on earning assets
3.26%Cost of funding earning assets
3.84%Net interest margin
0.80%Noninterest income to earning assets
4.16%Noninterest expense to earning assets
-0.08%Net operating income to assets
-0.04%Return on assets (ROA)
-0.14%Pretax return on assets
-0.39%Return on equity (ROE)
-0.39%Retained earnings to average equity (YTD only)
0.57%Net charge-offs to loans
296.08%Credit loss provision to net charge-offs
2.00%Efficiency ratio
89,769Assets per employee
2.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.21%Loss allowance to noncurrent loans
100.61%Noncurrent assets plus other real estate owned to assets
1.66%Noncurrent loans to loans
4.18%Net loans and leases to deposits
39.29%Net loans and leases to core deposits
44.50%Equity capital to assets
10.63%Core capital (leverage) ratio
10.21%Tier 1 risk-based capital ratio
22.25%Total risk-based capital ratio
Memoranda
$24Average assets
$23,554Average earning assets
$2,310Average equity
$21,502Average loans
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