United States National Bank of Galveston - Overview
General
FDIC Certificate #: 3212 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Frost National Bank (#5510) Federal Reserve ID: 254951 Date Established: January 01, 1874 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) FDIC's unique #: 2069 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: May 26, 2000 Last Structure Change Process Date: July 11, 2000 Last Data Update: July 11, 2000 Data Source Date: April 05, 2012
Location
Address: 2201 Market Street, Galveston, TX 77550 County: Galveston 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): Galveston-Texas City, TX (#2920) Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42) Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288) Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420) CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
Financial Summary
Total assets: $134.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
78Total employees (full-time equivalent)
$133,552Total assets
$9,320Cash and due from depository institutions
$0Interest-bearing balances
$40,340Securities
$15,000Federal funds sold & reverse repurchase agreements
$60,239Net loans & leases
$3,072Loan loss allowance
$0Trading account assets
$3,707Bank premises and fixed assets
$320Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,626All other assets
$133,552Total liabilities and capital
$123,709Total liabilities
$122,920Total deposits
$95,803Interest-bearing deposits
$122,920Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$789All other liabilities
$9,843Total equity capital
$9,843Total bank equity capital
$9,843Perpetual preferred stock
$0Common stock
$4,200Surplus
$4,200Undivided profits
Memoranda
$1,443Noncurrent loans and leases
$32,437Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$249Earning assets
$0Long-term assets (5+ years)
$426Average Assets, year-to-date
$115,579Average Assets, quarterly
$17,420Volatile liabilities
$143,263Insider loans
$134,925FHLB advances
$24,825Loans and leases held for sale
$13,832Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$32,437Total unused commitments
$0Restructured Loans and leases
$887Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$8,523Total interest income
$3,457Total interest expense
$5,066Net interest income
$0Provision for loan and lease losses
$10,578Total noninterest income
$9,013Fiduciary activities
$600Service charges on deposit accounts
$0Trading account gains & fees
$965Additional noninterest income
$8,372Total noninterest expense
$3,845Salaries and employee benefits
$737Premises and equipment expense
$3,790Additional noninterest expense
$7,272Pre-tax net operating income
-$4Securities gains (losses)
$2,678Applicable income taxes
$4,590Income before extraordinary items
$0Extraordinary gains - net
$4,590Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$32Sale, conversion, retirement of capital stock, net
$5,096Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.82%Yield on earning assets
2.76%Cost of funding earning assets
4.05%Net interest margin
8.46%Noninterest income to earning assets
6.69%Noninterest expense to earning assets
3.21%Net operating income to assets
3.20%Return on assets (ROA)
5.07%Pretax return on assets
44.56%Return on equity (ROE)
-4.91%Retained earnings to average equity (YTD only)
-0.05%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
53,516Assets per employee
1.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
111.02%Loss allowance to loans
4.85%Loss allowance to noncurrent loans
1233.73%Noncurrent assets plus other real estate owned to assets
0.43%Noncurrent loans to loans
0.39%Net loans and leases to deposits
49.01%Net loans and leases to core deposits
61.41%Equity capital to assets
7.37%Core capital (leverage) ratio
7.17%Tier 1 risk-based capital ratio
14.35%Total risk-based capital ratio
Memoranda
$16Average assets
$143,263Average earning assets
$10,302Average equity
$125,055Average loans
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