Watauga State Bank in Watauga, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 21, 1993

  • Watauga State Bank in Watauga, Texas (TX)
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Watauga State Bank - Overview

  • General
  • FDIC Certificate #: 26963
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First State Bank of Texas (#10348)
    Federal Reserve ID: 429665
    Date Established: May 26, 1987
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 36377
    Numeric code: 13
    Regulator: FED
    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: May 26, 1987
    Last Structure Change Effective Date: May 21, 1993
    Last Structure Change Process Date: June 08, 1993
    Last Data Update: June 08, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 5744 Watauga Road, Watauga, TX 76148
    County: Tarrant
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Fort Worth-Arlington, TX (#2800)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Fort Worth-Arlington, TX (#23104)
  • Financial Summary
  • Total assets: $27.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $19Total assets
  • $28,281Cash and due from depository institutions
  • $1,965Interest-bearing balances
  • $396Securities
  • $11,683Federal funds sold & reverse repurchase agreements
  • $7,500Net loans & leases
  • $6,246Loan loss allowance
  • $174Trading account assets
  • $0Bank premises and fixed assets
  • $381Other real estate owned
  • $269Goodwill and other intangibles
  • $237Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $28,281Total liabilities
  • $26,093Total deposits
  • $26,003Interest-bearing deposits
  • $20,651Deposits held in domestic offices
  • 26003.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $90Total equity capital
  • $90Total bank equity capital
  • $2,188Perpetual preferred stock
  • $0Common stock
  • $600Surplus
  • $900Undivided profits
  • Memoranda
  • $688Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $558Income earned, not collected on loans
  • $54Earning assets
  • $25,825Long-term assets (5+ years)
  • $924Average Assets, year-to-date
  • $27,333Average Assets, quarterly
  • $28,237Volatile liabilities
  • $3,357Insider loans
  • $182FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $159Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,188Total risk weighted assets
  • $10,294Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,824Total interest expense
  • $825Net interest income
  • $999Provision for loan and lease losses
  • $80Total noninterest income
  • $707Fiduciary activities
  • $0Service charges on deposit accounts
  • $662Trading account gains & fees
  • $0Additional noninterest income
  • $45Total noninterest expense
  • $1,181Salaries and employee benefits
  • $603Premises and equipment expense
  • $94Additional noninterest expense
  • $484Pre-tax net operating income
  • $445Securities gains (losses)
  • $0Applicable income taxes
  • $149Income before extraordinary items
  • $296Extraordinary gains - net
  • $0Net income attributable to bank
  • $296Net charge-offs
  • $95Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.32%Cost of funding earning assets
  • 3.31%Net interest margin
  • 4.01%Noninterest income to earning assets
  • 2.84%Noninterest expense to earning assets
  • 4.74%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.08%Pretax return on assets
  • 1.63%Return on equity (ROE)
  • 14.52%Retained earnings to average equity (YTD only)
  • 14.52%Net charge-offs to loans
  • 1.30%Credit loss provision to net charge-offs
  • 84.21%Efficiency ratio
  • 68,816Assets per employee
  • 1.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.71%Loss allowance to noncurrent loans
  • 31.18%Noncurrent assets plus other real estate owned to assets
  • 2.92%Noncurrent loans to loans
  • 8.69%Net loans and leases to deposits
  • 24.02%Net loans and leases to core deposits
  • 27.58%Equity capital to assets
  • 7.74%Core capital (leverage) ratio
  • 7.69%Tier 1 risk-based capital ratio
  • 21.25%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $27,333Average earning assets
  • $2,039Average equity
  • $24,931Average loans

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