FDIC Certificate #: 5542 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First United Bank (#12769) Federal Reserve ID: 350460 Date Established: March 15, 1923 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 #: 13182 FDIC's unique #: 3766 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: July 15, 2000 Last Structure Change Process Date: October 12, 2000 Last Data Update: October 12, 2000 Data Source Date: April 05, 2012
Location
Address: 200 Main Street, Sudan, TX 79371 County: Lamb 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: $32.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
14Total employees (full-time equivalent)
$30,084Total assets
$986Cash and due from depository institutions
$11Interest-bearing balances
$10,520Securities
$250Federal funds sold & reverse repurchase agreements
$16,706Net loans & leases
$130Loan loss allowance
$0Trading account assets
$593Bank premises and fixed assets
$102Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$927All other assets
$30,084Total liabilities and capital
$27,864Total liabilities
$27,233Total deposits
$22,974Interest-bearing deposits
$27,233Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$500Other borrowed funds
$0Subordinated debt
$131All other liabilities
$2,220Total equity capital
$2,220Total bank equity capital
$2,220Perpetual preferred stock
$0Common stock
$100Surplus
$1,050Undivided profits
Memoranda
$1,070Noncurrent loans and leases
$2,033Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$18Earning assets
$0Long-term assets (5+ years)
$674Average Assets, year-to-date
$27,487Average Assets, quarterly
$4,087Volatile liabilities
$30,140Insider loans
$30,227FHLB advances
$7,738Loans and leases held for sale
$462Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,033Total unused commitments
$0Restructured Loans and leases
$130Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$2,388Total interest income
$1,073Total interest expense
$1,315Net interest income
$27Provision for loan and lease losses
$89Total noninterest income
$0Fiduciary activities
$66Service charges on deposit accounts
$0Trading account gains & fees
$23Additional noninterest income
$814Total noninterest expense
$480Salaries and employee benefits
$118Premises and equipment expense
$216Additional noninterest expense
$563Pre-tax net operating income
$0Securities gains (losses)
$189Applicable income taxes
$374Income before extraordinary items
$0Extraordinary gains - net
$374Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$26Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.54%Yield on earning assets
3.84%Cost of funding earning assets
4.70%Net interest margin
0.32%Noninterest income to earning assets
2.91%Noninterest expense to earning assets
1.24%Net operating income to assets
1.24%Return on assets (ROA)
1.87%Pretax return on assets
17.64%Return on equity (ROE)
17.64%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
103.85%Credit loss provision to net charge-offs
22.69%Efficiency ratio
57,977Assets per employee
2.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.77%Loss allowance to noncurrent loans
722.22%Noncurrent assets plus other real estate owned to assets
0.40%Noncurrent loans to loans
0.11%Net loans and leases to deposits
61.34%Net loans and leases to core deposits
83.55%Equity capital to assets
7.38%Core capital (leverage) ratio
7.76%Tier 1 risk-based capital ratio
12.19%Total risk-based capital ratio
Memoranda
$13Average assets
$30,140Average earning assets
$2,120Average equity
$27,959Average loans
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