Fort Davis State Bank Reports – 455459

Fort Davis State Bank Financial Reports

Quater Ended: 2023-12-31

Fort Davis State Bank is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Fort Davis, TX. Established on 10/16/1911, the bank is regulated by the FDIC and has 3 domestic offices. It operates in the N/A.

The bank has 38 employees and holds $175,417k in total assets. With a focus on community banking, the bank has been serving its customers since 10/16/1911.

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Fort Davis State Bank Institution Profile

Established Date 10/16/1911 Institution Class Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC)
Primary Regulator FDIC Number of Domestic Offices 3
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 38 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 79734
Ownership Type Not Mutual City Fort Davis
State Alpha code TX State and County Number 48243
Subchapter S Corporations No Trust Powers Trust Powers Not Known
Federal Reserve ID Number 11 Federal Reserve ID Number Description DALLAS
Office of The Comptroller District: SOUTHERN DISTRICT Office of Thrift Supervision Region West
Last Structure Change Effective Date 08/31/2022 Date of Deposit Insurance 01/10/1955
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of Fort Davis State Bank with our “Institution Profile” table. The 10/16/1911 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

3 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Fort Davis, TX, and 79734 provide geographic context. Explore these attributes to gain a holistic view of Fort Davis State Bank in the financial landscape.

Fort Davis State Bank Financials

(USD, in thousands)

Total Assets 175,417 Total Liabilities 146,214
Total Equity Capital 29,203 Total Deposits 145,014
Net Loans and Leases 62,760 Total Interest Income 2,351
Total Noninterest Income 230 Total Interest Expense 502
Total Noninterest Expense 1,357 Tier 1 Risk-Based Capital Ratio 0
Net Loans and Leases to Core Deposits 49 Return on Assets 1
Return on Equity 8 Efficiency Ratio 63

Financial Performance Overview

Gain a comprehensive perspective on Fort Davis State Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $175,417k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $146,214k and total equity capital at $29,203k.

Delve into key operational metrics, including total deposits of $145,014k, net loans and leases at $63k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 0, and Return on Assets at 1.28. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Fort Davis State Bank’s performance and competitive positioning within the financial industry.

Fort Davis State Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) 247 Net Loans and Leases to Core Deposits 49
Tier 1 Risk-Based Capital Ratio 0 Securities Gains (Losses) 66
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 1
Yield on Earning Assets 6 Total Interest Income 2,351
Applicable Income Taxes 133 Loss Allowance to Loans and Leases 1
Net Loans and Leases 62,760 Loss Allowance to Noncurrent Loans and Leases 366
Noncurrent Loans to Loans 0 Net Income Attributable to Bank and Noncontrolling Interests 528
Net Interest Income 1,849 Net Interest Margin 5
Net Operating Income to Assets 1 Noninterest Income to Average Assets 1
Total Noninterest Income 230 Noninterest Expense to Average Assets 3
Total Noninterest Expense 1,357 Net Charge-Offs to Loans and Leases 0
All Other Assets 3,226 Other Real Estate Owned 62
Other borrowed funds 0 Pre-tax Net Operating Income 595
Pretax Return on Assets 2 Return on Assets 1
Retained Earnings to Average Equity (YTD only) 10

Insights into Financial Metrics

Enhance your understanding of Fort Davis State Bank’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $62,760k and Net Interest Income $1,849k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 0 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.06 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$230k and evaluate operational efficiency using metrics like Efficiency Ratio: 62.72. This nuanced financial overview empowers a comprehensive analysis of Fort Davis State Bank’s strategic financial position and performance in the industry.

This table provides key financial information about Fort Davis State Bank. Get more data about Fort Davis State Bank on Visbanking Report Portal.