FDIC Certificate #: 23739 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The First National Bank of Gilmer (#3218) Federal Reserve ID: 796769 Bank Holding Company (Regulatory Top Holder): First Gilmer Bankshares, Inc. (RSSDID: 1246515, Location: Gilmer, TX) Date Established: Febuary 19, 1982 WWW:http://www.fnbgilmer.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Domestic: 3, Interstate: No) OTS Docket #: 11016 FDIC's unique #: 16594 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: Febuary 19, 1982 Last Structure Change Effective Date: January 01, 2012 Last Structure Change Process Date: January 04, 2012 Last Data Update: January 04, 2012 Data Source Date: April 05, 2012
Location
Address: 417 South Main, Quitman, TX 75783 County: Wood 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
Financial Summary
Total assets: $64.2 mil Equity capital: $8.0 mil Deposits held in domestic offices: $55.9 mil Return on assets (ROA): 0.06% ($0.0 mil) Quarterly return on assets: -1.12% (-$0.7 mil) Return on Equity (ROE): 0.51% ($0.0 mil) Quarterly return on equity: -9.07% (-$0.7 mil) Net income: $0.0 mil Quarterly Net income: -$0.2 mil Pretax return on assets: 0.06% ($38.5 mil) Quarterly Pretax return on assets: -1.12% (-$719.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2011)
Dollar figures in thousands
15Total employees (full-time equivalent)
$64,195Total assets
$8,065Cash and due from depository institutions
$6,655Interest-bearing balances
$9,604Securities
$365Federal funds sold & reverse repurchase agreements
$39,189Net loans & leases
$725Loan loss allowance
$0Trading account assets
$2,410Bank premises and fixed assets
$390Other real estate owned
$1,518Goodwill and other intangibles
$64,195Life insurance assets
$2,654All other assets
$56,183Total liabilities and capital
$55,945Total liabilities
$45,857Total deposits
$55,945Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$238Subordinated debt
$8,012All other liabilities
$8,012Total equity capital
$8,012Total bank equity capital
$0Perpetual preferred stock
$339Common stock
$5,622Surplus
$2,051Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$343Income earned, not collected on loans
$0Earning assets
$406Long-term assets (5+ years)
$55,813Average Assets, year-to-date
$11,884Average Assets, quarterly
$65,520Volatile liabilities
$65,540Insider loans
$38,246FHLB advances
$64,067Loans and leases held for sale
$1,755Unused loan commitments
$1,755Tier 1 (core) risk-based capital
$6,363Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,541Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,970Total interest income
$404Total interest expense
$2,566Net interest income
$462Provision for loan and lease losses
$1,124Total noninterest income
$0Fiduciary activities
$475Service charges on deposit accounts
$0Trading account gains & fees
$649Additional noninterest income
$3,187Total noninterest expense
$1,261Salaries and employee benefits
$583Premises and equipment expense
$1,343Additional noninterest expense
$41Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$41Income before extraordinary items
$0Extraordinary gains - net
$41Net income attributable to bank
$0Net charge-offs
$41Cash dividends
$205Sale, conversion, retirement of capital stock, net
$114Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.31%Yield on earning assets
0.72%Cost of funding earning assets
4.58%Net interest margin
2.01%Noninterest income to earning assets
5.69%Noninterest expense to earning assets
0.06%Net operating income to assets
0.06%Return on assets (ROA)
0.06%Pretax return on assets
0.51%Return on equity (ROE)
-0.90%Retained earnings to average equity (YTD only)
0.51%Net charge-offs to loans
225.37%Credit loss provision to net charge-offs
2.45%Efficiency ratio
86,369Assets per employee
4.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
278.05%Loss allowance to loans
1.82%Loss allowance to noncurrent loans
211.37%Noncurrent assets plus other real estate owned to assets
1.14%Noncurrent loans to loans
0.86%Net loans and leases to deposits
70.05%Net loans and leases to core deposits
70.79%Equity capital to assets
12.48%Core capital (leverage) ratio
9.93%Tier 1 risk-based capital ratio
16.64%Total risk-based capital ratio
Memoranda
$18Average assets
$65,520Average earning assets
$8,093Average equity
$55,967Average loans
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