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

This bank is inactive as of October 31, 1995

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

  • General
  • FDIC Certificate #: 5545
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens State Bank of Corpus Christi (#16295)
    Federal Reserve ID: 464666
    Date Established: January 06, 1923
    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 #: 3768
    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: October 31, 1995
    Last Structure Change Process Date: November 17, 1995
    Last Data Update: November 17, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 421 Green Avenue, Taft, TX 78390
    County: San Patricio
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Corpus Christi, TX (#1880)
    Combined Statistical Area (CSA): Corpus Christi-Kingsville, TX (#204)
    Core Based Statistical Area (CBSA): Corpus Christi, TX (#18580)
    CBSA Metro Statistical Area: Corpus Christi, TX (#18580)
  • Financial Summary
  • Total assets: $41.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $17Total assets
  • $38,113Cash and due from depository institutions
  • $1,186Interest-bearing balances
  • $0Securities
  • $29,496Federal funds sold & reverse repurchase agreements
  • $1,075Net loans & leases
  • $5,386Loan loss allowance
  • $258Trading account assets
  • $0Bank premises and fixed assets
  • $186Other real estate owned
  • $19Goodwill and other intangibles
  • $765Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $38,113Total liabilities
  • $32,693Total deposits
  • $31,938Interest-bearing deposits
  • $26,085Deposits held in domestic offices
  • 31938.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $43Subordinated debt
  • $0All other liabilities
  • $712Total equity capital
  • $712Total bank equity capital
  • $5,420Perpetual preferred stock
  • $0Common stock
  • $450Surplus
  • $450Undivided profits
  • Memoranda
  • $4,520Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $103Income earned, not collected on loans
  • $79Earning assets
  • $35,957Long-term assets (5+ years)
  • $7,651Average Assets, year-to-date
  • $38,739Average Assets, quarterly
  • $39,597Volatile liabilities
  • $1,243Insider loans
  • $778FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,964Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,786Total risk weighted assets
  • $7,765Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,418Total interest expense
  • $810Net interest income
  • $1,608Provision for loan and lease losses
  • -$50Total noninterest income
  • $178Fiduciary activities
  • $0Service charges on deposit accounts
  • $137Trading account gains & fees
  • $0Additional noninterest income
  • $41Total noninterest expense
  • $1,004Salaries and employee benefits
  • $414Premises and equipment expense
  • $147Additional noninterest expense
  • $443Pre-tax net operating income
  • $832Securities gains (losses)
  • -$10Applicable income taxes
  • $231Income before extraordinary items
  • $591Extraordinary gains - net
  • $0Net income attributable to bank
  • $591Net charge-offs
  • $4Cash dividends
  • $630Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.64%Cost of funding earning assets
  • 2.22%Net interest margin
  • 4.42%Noninterest income to earning assets
  • 0.49%Noninterest expense to earning assets
  • 2.76%Net operating income to assets
  • 1.54%Return on assets (ROA)
  • 1.53%Pretax return on assets
  • 2.12%Return on equity (ROE)
  • 9.99%Retained earnings to average equity (YTD only)
  • -0.66%Net charge-offs to loans
  • 0.07%Credit loss provision to net charge-offs
  • -1250.00%Efficiency ratio
  • 56,215Assets per employee
  • 2.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 106.60%Loss allowance to loans
  • 4.57%Loss allowance to noncurrent loans
  • 250.49%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 1.82%Net loans and leases to deposits
  • 16.86%Net loans and leases to core deposits
  • 17.52%Equity capital to assets
  • 14.22%Core capital (leverage) ratio
  • 14.90%Tier 1 risk-based capital ratio
  • 74.51%Total risk-based capital ratio
  • Memoranda
  • $76Average assets
  • $38,739Average earning assets
  • $5,918Average equity
  • $36,420Average loans

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