First National Bank of the Mid-Cities

First National Bank of the Mid-Cities is headquartered in Bedford and is the 565^th largest bank in the state of Texas. It is also the 6,830^th largest bank in the nation. It was established in 1983 and as of March of 2012, it had grown to 14 employees at 1 location. First National Bank of the Mid-Cities has a 3-star health rating.

Data for Q1 2012

Institution Statistics First National Bank of the Mid-Cities FDIC Certificate # 24355 BankRate Report View Year Established 1983 Employees 14 Primary Regulator OCC Assets and Liabilities Assets $34.71 million Loans $22.60 million Deposits $30.76 million Equity Capital $3.40 million Loan Loss Allowance $239,000 Unbacked Noncurrent Loans $808,000 Real Estate Owned $142,000 Historic Data - March 2011 Assets $35.08 million Equity Capital $3.26 million Loan Loss Allowance $244,000 Unbacked Noncurrent Loans $5,000 Real Estate Owned $142,000 Profit Margin - Quarterly Net Interest Margin 4.12% Return on Assets 0.36% Return on Equity 3.79% Interest Income $362,000

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 the Mid-Cities had $950,000 in non-current loans and owned real-estate with $3.64 million in equity and loan loss allowances on hand to cover it. This gives First National Bank of the Mid-Cities a Texas Ratio of 26.11% which is 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 the Mid-Cities increased slightly from 4.20% as of March 31, 2011 to 26.11% as of March 31, 2012, resulting in a negative change of 522.45%. This indicates that the balance sheet and financial strength for First National Bank of the Mid-Cities has declined slightly in recent periods. Deposit Growth In the past year, First National Bank of the Mid-Cities has decreased its total deposits by $-729,000, resulting in -2.32% 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 the Mid-Cities has shown is below 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 the Mid-Cities has $34.71 million in assets with $3.64 million in equity, resulting in a capitalization level of 10.48%, which is above average.

No reviews have been left for this bank yet. Be the first to review.