State National Bank
Fort Worth, TX — Domestic Branch of a Domestic Bank
Acquired Mar 2008
Vitals
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Total Assets2.0B 15.3 %
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Total Deposits1.4B 0.1 %
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Total Net Loans1.1B -5.7 %
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Net Income24.3M -8.5 %
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Book Value527.2M 115.0 %
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Book Value x21.1B 115.0 %
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Book Value x31.6B 115.0 %
Balance Sheet Highlights
Financial Highlights | State National Bank | All Insured Commercial Banks in Texas |
Balance Sheet $(000) | ||
Total Assets | 1,978,402 | 167,970 |
Total Net Loans | 1,099,254 | 99,465 |
Total Deposits | 1,367,381 | 142,413 |
Total Equity | 528,249 | 17,685 |
Profitability | ||
Net Income | 24,346 | 5,986 |
Return on Average Assets | 1.269 | 1.423 |
Return on Average Equity | 5.291 | 14.193 |
Net Interest Margin | 5.948 | 4.563 |
Efficiency Ratio | 63.606 | 68.047 |
Noninterest Income/Revenue | 15.64 | 13.384 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 80.391 | 65.282 |
Securities/Assets | .115 | .69 |
Total Equity/Total Assets | .267 | .105 |
Tangible Equity/Tangible Assets | .078 | -.201 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 144,805 | 16,207 |
Tier 2 Capital | 11,836 | 1,121 |
Total Capital | 156,641 | 17,314 |
Total Risk Weighted Assets | 1,228,670 | 112,038 |
Leverage Ratio | 9.24 | 10.355 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 11.79 | 16.957 |
Total Capital Ratio | 12.75 | 17.943 |
Timeline for State National Bank
Bbva Compass Bancshares, Inc.
Bbva Compass Bancshares, Inc. became a new parent organization for State National Bank.
View Profile Jun 01 2007Heritage National Bank
Acquisition: State National Bank acquired a new subsidiary, Heritage National Bank, 18 years
View Profile Oct 07 2005State National Properties Llc
State National Properties Llc became a new subsidiary organization for State National Bank.
View Profile Apr 04 2005Mercantile Bank Texas
Acquisition: State National Bank acquired a new subsidiary, Mercantile Bank Texas, 19 years
View Profile Aug 13 2004Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Compass Bank | Buyer | 84,983,485 | Pooling of Interests | Discontinued | 3/13/2008 |
Heritage National Bank | Seller | 225,715 | Pooling of Interests | Discontinued | 10/7/2005 |
Mercantile Bank Texas | Seller | 212,675 | Pooling of Interests | Discontinued | 8/13/2004 |
State National Bank | Seller | 584,540 | Pooling of Interests | Discontinued | 2/14/2003 |
State National Bank Of West Texas | Seller | 479,386 | Pooling of Interests | Discontinued | 3/9/2001 |
Relationships | Role | Relationship Start | Relationship End |
Bbva Compass Bancshares, Inc. | Parent | 6/1/2007 | 3/12/2008 |
State National Bancshares Of Delaware, Inc. | Parent | 3/4/2005 | 5/31/2007 |
Independent Financial Corp. | Parent | 2/28/2001 | 3/3/2005 |
State National Bancshares Of Delaware, Inc. | Parent | 10/1/1996 | 2/27/2001 |
Twoenc, Inc | Subsidary | 6/30/2007 | 3/12/2008 |
State National Properties Llc | Subsidary | 4/4/2005 | 3/12/2008 |
Twoenc, Inc | Subsidary | 11/1/2002 | 6/29/2007 |
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