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Overview / Commentary
903-498-8541
100 South State Highway 274
Kemp, TX 75143

The First National Bank of Kemp is headquartered in Kemp and is the 464th largest bank in the state of Texas. It is also the 5,883rd largest bank in the nation. It was established in 1901 and as of December of 2013, it had grown to 22 employees at 2 locations. The First National Bank of Kemp has a C+ health rating.

Reviews (1)

No Loyalty To Area

Bank does not support or buy from local businesses.  Bank serves areas with very small towns.  Does not seem to have any policy to support local businesses first.  This has caused some of the businesses to stop supporting the local bank.  You reap what you sew.



Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. The First National Bank of Kemp has a relatively low asset base.

Texas Ratio

GRADE:
C

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 December 31, 2013 The First National Bank of Kemp had $2 million in non-current loans and owned real-estate with $6.43 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Kemp a Texas Ratio of 31.20% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for The First National Bank of Kemp increased slightly from 17.11% as of December 31, 2012 to 31.20% as of December 31, 2013, resulting in a negative change of 82.32%. This indicates that the balance sheet and financial strength for The First National Bank of Kemp has declined slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, The First National Bank of Kemp has increased its total deposits by $739,000, resulting in 1.55% 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 The First National Bank of Kemp has shown is above average.

Capitalization

GRADE:
A

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. The First National Bank of Kemp has $55.05 million in assets with $6.43 million in equity, resulting in a capitalization level of 11.68%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #3281
Year Established1901
Employees22
Primary RegulatorOCC
Assets and Liabilities
Assets$55.05 million
Loans$19.92 million
Deposits$48.57 million
Equity Capital$5.97 million
Loan Loss Allowance$460,000
Unbacked Noncurrent Loans$703,000
Real Estate Owned$1.30 million
Historic Data - December 2012
Assets$54.73 million
Equity Capital$6.37 million
Loan Loss Allowance$458,000
Unbacked Noncurrent Loans$703,000
Real Estate Owned$1.13 million
Profit Margin - Quarterly
Net Interest Margin3.18%
Return on Assets0.21%
Return on Equity1.86%
Interest Income$1.54 million
Rates

Always verify rates and promotions with the bank or credit union. We are not The First National Bank of Kemp, we are a rate comparison website and can not provide official rates or promotions.

The First National Bank of Kemp Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Regular Savings

The First National Bank of Kemp Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%--Money Market Account

The First National Bank of Kemp Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Super NOW Checking
0.10%--NOW Checking

The First National Bank of Kemp CD Rates

DetailsAPYMINMAXPRODUCT
0.75%--36 Month CD
0.55%--24 Month CD
0.55%$100k-12 Month Renewal CD
0.45%--18 Month CD
0.45%$100k-6 Month Renewal CD
0.35%--12 Month CD
0.20%--6 Month CD
0.10%--3 Month CD
Locations


The First National Bank of Kemp Locations
The First National Bank Of Kemp100 South State Highway 274Kemp, TX 75143
Seven Points Branch11660 Highway 274Seven Points, TX 75143