Texas First Bank

Major Rating Factors: Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 1.1 has resulted in Weak (2.7) profitability. Good current capitalization (6.0 on a scale of 0 to 10) based on a risk-based capital ratio of 15.3 and a capital leverage ratio of 9.6.

Other Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.7 on a scale of 0 to 10). A current level of 2.4 percent of nonperforming loans to core capital combined with 2.2 percent from a year earlier contributes to the Excellent asset quality (7.7).

Asset Mix: Securities (36%), comm re (21%), comm loans (9%), home mtgs (8%), cash (4%), consumer loans (1%), other (21%)

States with Branches: TX

Asset Quality

Non-Performing Loans to Capital

2.37%

Non-Performing Assets to Assets

0.30%

Non-Performing Loans to Loans

0.57%

Loan Loss Reserves to Loans

1.18%

Charge-Offs to Average Loans

-0.04%

5-Year Charge-Offs to Average Loans

0.07%

5-Year Asset Growth

20.03%

1-Year Asset Growth

1.69%

Profitability

Operating Profit to Average Assets

1.10%

Return on Equity

13.66%

Net Interest Spread

3.08%

5-Year ROAA (Return on Average Assets)

1.67%

Overhead Efficiency Ratio

68.16%

Liquidity

Liquidity Ratio

14.41%

Hot Money

10.76%

Corporate Info

Group Affiliation

Texas Independent Bancshares, Inc.

Investment Rating

Address

3232 Palmer Highway
Texas City, TX 77590

Phone Number

(409) 948-1990

Year Founded

1982

FDIC Number

23799

Website

http://www.texasfirst.bank

Largest Affiliates

No affiliate information available.