First National Bank
Fairfield, TX — Domestic Branch of a Domestic Bank
Acquired May 2008
Vitals
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Total Assets116.1M -6.8 %
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Total Deposits101.2M -8.8 %
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Total Net Loans60.2M 8.0 %
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Net Income488000.0000 38.2 %
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Book Value13.6M 8.7 %
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Book Value x227.2M 8.7 %
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Book Value x340.7M 8.7 %
Balance Sheet Highlights
| Financial Highlights | First National Bank | All Insured Commercial Banks in Texas |
| Balance Sheet $(000) | ||
| Total Assets | 116,127 | 171,168 |
| Total Net Loans | 60,175 | 101,074 |
| Total Deposits | 101,201 | 144,034 |
| Total Equity | 13,579 | 17,993 |
| Profitability | ||
| Net Income | 488 | 1,416 |
| Return on Average Assets | 1.552 | 1.424 |
| Return on Average Equity | 14.193 | 13.761 |
| Net Interest Margin | 4.186 | 4.272 |
| Efficiency Ratio | 54.947 | 69.753 |
| Noninterest Income/Revenue | 18.888 | 13.715 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 59.461 | 65.062 |
| Securities/Assets | .301 | .688 |
| Total Equity/Total Assets | .117 | .105 |
| Tangible Equity/Tangible Assets | .112 | -.097 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 12,715 | 16,314 |
| Tier 2 Capital | 870 | 1,114 |
| Total Capital | 13,585 | 17,429 |
| Total Risk Weighted Assets | 69,397 | 113,924 |
| Leverage Ratio | 10.16 | 10.285 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 18.32 | 16.913 |
| Total Capital Ratio | 19.58 | 17.897 |
Timeline for First National Bank
Community National Bank & Trust Of Texas
First National Bank was acquired by Community National Bank & Trust Of Texas 16 years
View Profile May 17 2008
Corsicana Holdings, Inc.
Corsicana Holdings, Inc. became a new parent organization for First National Bank.
View Profile Jun 30 2001
Texas Bank, S.S.B.
Acquisition: First National Bank acquired a new subsidiary, Texas Bank, S.S.B., 23 years
View Profile Mar 31 2001
Community Bank Services, Inc.
Community Bank Services, Inc. became a new subsidiary organization for First National Bank.
View Profile Oct 26 1998
Fairfield Holdings, Inc.
Fairfield Holdings, Inc. became a new parent organization for First National Bank.
View Profile Apr 04 1997
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Community National Bank & Trust Of Texas | Buyer | 649,438 | Pooling of Interests | Discontinued | 5/17/2008 |
| Texas Bank, S.S.B. | Seller | 9,778 | Pooling of Interests | Discontinued | 3/31/2001 |
| Relationships | Role | Relationship Start | Relationship End |
| Corsicana Holdings, Inc. | Parent | 6/30/2001 | 5/16/2008 |
| Fairfield Holdings, Inc. | Parent | 4/4/1997 | 6/29/2001 |
| Fairfield Financial Corporation | Parent | 4/20/1989 | 10/30/1992 |
| First Fairfield Bankshares, Inc. | Parent | 6/1/1982 | 4/19/1989 |
| First Bancorp, Inc. | Parent | 2/22/1977 | 2/11/1980 |
| Community Bank Services, Inc. | Subsidary | 10/26/1998 | 5/16/2008 |
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