FDIC Certificate #: 3198 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First State Bank of Canadian, National Association (#34634) Federal Reserve ID: 454957 Date Established: January 01, 1913 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 #: 2058 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 15, 1999 Last Structure Change Process Date: December 17, 1999 Last Data Update: December 17, 1999 Data Source Date: April 05, 2012
Location
Address: Main Street, Follett, TX 79034 County: Lipscomb 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: $30.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
12Total employees (full-time equivalent)
$31,946Total assets
$10,898Cash and due from depository institutions
$9,599Interest-bearing balances
$4,826Securities
$358Federal funds sold & reverse repurchase agreements
$15,357Net loans & leases
$231Loan loss allowance
$0Trading account assets
$36Bank premises and fixed assets
$6Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$465All other assets
$31,946Total liabilities and capital
$27,929Total liabilities
$27,784Total deposits
$24,497Interest-bearing deposits
$27,784Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$145All other liabilities
$4,017Total equity capital
$4,017Total bank equity capital
$4,017Perpetual preferred stock
$0Common stock
$200Surplus
$500Undivided profits
Memoranda
$3,317Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$73Earning assets
$0Long-term assets (5+ years)
$352Average Assets, year-to-date
$30,140Average Assets, quarterly
$2,492Volatile liabilities
$31,081Insider loans
$31,419FHLB advances
$5,550Loans and leases held for sale
$246Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,183Total unused commitments
$0Restructured Loans and leases
$18,442Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$2,381Total interest income
$1,031Total interest expense
$1,350Net interest income
$0Provision for loan and lease losses
$208Total noninterest income
$0Fiduciary activities
$194Service charges on deposit accounts
$0Trading account gains & fees
$14Additional noninterest income
$867Total noninterest expense
$505Salaries and employee benefits
$72Premises and equipment expense
$290Additional noninterest expense
$691Pre-tax net operating income
$0Securities gains (losses)
$206Applicable income taxes
$485Income before extraordinary items
$0Extraordinary gains - net
$485Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$5Sale, conversion, retirement of capital stock, net
$542Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.11%Yield on earning assets
3.51%Cost of funding earning assets
4.60%Net interest margin
0.71%Noninterest income to earning assets
2.95%Noninterest expense to earning assets
1.56%Net operating income to assets
1.56%Return on assets (ROA)
2.22%Pretax return on assets
11.55%Return on equity (ROE)
-1.36%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
138.20%Efficiency ratio
55,648Assets per employee
2.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
111.75%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
316.44%Noncurrent assets plus other real estate owned to assets
0.25%Noncurrent loans to loans
0.47%Net loans and leases to deposits
55.27%Net loans and leases to core deposits
69.07%Equity capital to assets
12.57%Core capital (leverage) ratio
12.62%Tier 1 risk-based capital ratio
21.57%Total risk-based capital ratio
Memoranda
$23Average assets
$31,081Average earning assets
$4,198Average equity
$29,366Average loans
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