First National Bank of South Padre Island

First National Bank of South Padre Island is headquartered in South Padre Isla and is the 482^nd largest bank in the state of Texas. It is also the 6,090^th largest bank in the nation. It was established in 1983 and as of March of 2012, it had grown to 14 employees at 2 locations. First National Bank of South Padre Island has a 3-star health rating.

Data for Q1 2012

Institution Statistics First National Bank of South Padre Island FDIC Certificate # 24902 BankRate Report View Year Established 1983 Employees 14 Primary Regulator OCC Assets and Liabilities Assets $59.17 million Loans $27.96 million Deposits $53.63 million Equity Capital $5.51 million Loan Loss Allowance $475,000 Unbacked Noncurrent Loans $1.61 million Real Estate Owned $600,000 Historic Data - March 2011 Assets $57.21 million Equity Capital $5.46 million Loan Loss Allowance $305,000 Unbacked Noncurrent Loans $1.09 million Real Estate Owned $600,000 Profit Margin - Quarterly Net Interest Margin 3.79% Return on Assets 0.91% Return on Equity 9.66% Interest Income $587,000

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First National Bank of South Padre Island had $2.21 million in non-current loans and owned real-estate with $5.99 million in equity and loan loss allowances on hand to cover it. This gives First National Bank of South Padre Island a Texas Ratio of 36.89% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First National Bank of South Padre Island increased slightly from 29.29% as of March 31, 2011 to 36.89% as of March 31, 2012, resulting in a negative change of 25.93%. This indicates that the balance sheet and financial strength for First National Bank of South Padre Island has declined slightly in recent periods. Deposit Growth In the past year, First National Bank of South Padre Island has increased its total deposits by $1.91 million, resulting in 3.7% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First National Bank of South Padre Island has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First National Bank of South Padre Island has $59.17 million in assets with $5.99 million in equity, resulting in a capitalization level of 10.12%, which is above average.

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