The State Bank of La Vernia in La Vernia, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 24, 1995

The State Bank of La Vernia in La Vernia, Texas (TX)
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The State Bank of La Vernia - Overview

General
FDIC Certificate #: 10349
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First National Bank of South Texas (#22375)
Federal Reserve ID: 565059
Date Established: May 03, 1933
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 6628
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 24, 1995
Last Structure Change Process Date: March 27, 1995
Last Data Update: March 27, 1995
Data Source Date: April 05, 2012
Location
Address: 400 San Antonio Street, La Vernia, TX 78121
County: Wilson
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Austin
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): San Antonio, TX (#7240)
Core Based Statistical Area (CBSA): San Antonio-New Braunfels, TX (#41700)
CBSA Metro Statistical Area: San Antonio-New Braunfels, TX (#41700)
Financial Summary
Total assets: $70.7 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$37Total assets
$70,652Cash and due from depository institutions
$6,592Interest-bearing balances
$3,267Securities
$23,420Federal funds sold & reverse repurchase agreements
$21,300Net loans & leases
$17,675Loan loss allowance
$442Trading account assets
$0Bank premises and fixed assets
$697Other real estate owned
$30Goodwill and other intangibles
$938Life insurance assets
$0All other assets
$0Total liabilities and capital
$70,652Total liabilities
$63,481Total deposits
$63,271Interest-bearing deposits
$54,360Deposits held in domestic offices
63271.00%% insured (estimated)
$80Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$210Total equity capital
$210Total bank equity capital
$7,171Perpetual preferred stock
$0Common stock
$600Surplus
$900Undivided profits
Memoranda
$5,671Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$299Income earned, not collected on loans
$163Earning assets
$65,662Long-term assets (5+ years)
$129Average Assets, year-to-date
$61,979Average Assets, quarterly
$67,696Volatile liabilities
$17,061Insider loans
$278FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$653Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,564Total risk weighted assets
$24,764Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,925Total interest expense
$1,436Net interest income
$2,489Provision for loan and lease losses
$0Total noninterest income
$625Fiduciary activities
$0Service charges on deposit accounts
$517Trading account gains & fees
$0Additional noninterest income
$108Total noninterest expense
$1,974Salaries and employee benefits
$1,187Premises and equipment expense
$161Additional noninterest expense
$626Pre-tax net operating income
$1,140Securities gains (losses)
-$645Applicable income taxes
$125Income before extraordinary items
$370Extraordinary gains - net
$0Net income attributable to bank
$370Net charge-offs
$119Cash dividends
$60Sale, 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
6.85%Cost of funding earning assets
2.51%Net interest margin
4.34%Noninterest income to earning assets
1.09%Noninterest expense to earning assets
3.45%Net operating income to assets
1.38%Return on assets (ROA)
0.60%Pretax return on assets
0.80%Return on equity (ROE)
5.07%Retained earnings to average equity (YTD only)
4.25%Net charge-offs to loans
0.65%Credit loss provision to net charge-offs
0.00%Efficiency ratio
63,391Assets per employee
1.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
16.22%Loss allowance to loans
2.44%Loss allowance to noncurrent loans
147.83%Noncurrent assets plus other real estate owned to assets
0.47%Noncurrent loans to loans
1.65%Net loans and leases to deposits
27.94%Net loans and leases to core deposits
38.25%Equity capital to assets
10.15%Core capital (leverage) ratio
12.27%Tier 1 risk-based capital ratio
30.54%Total risk-based capital ratio
Memoranda
$32Average assets
$61,979Average earning assets
$7,296Average equity
$57,300Average loans

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