First National Bank


729 West Seventh Street
Spearman, TX 79081
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Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First National Bank is an FDIC insured institution located in Spearman, TX. It was founded in 1985 and has approximately $0.23 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 26219
Date Established 1985
Assets $ 229.60 million
Loans $ 149.35 million
Deposits $ 179.26 million
Capital $ 31.91 million

For a more detailed analysis of First National Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First National Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
NMLS ID: 2890
License#: 13256
2.569% 2.500% 0.88 $2,258 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to First National Bank
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Financial Details

First National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First National Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First National Bank U.S. Bank Average
6.37% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, First National Bank had $2,191,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $31,909,000 in equity and $2,513,000 in loans loss reserves. That gives it a Texas Ratio of 6.37%.

Return on Equity
First National Bank U.S. Bank Average
17.08% 7.80%

First National Bank has a Return on Equity of 17.08% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

First National Bank U.S. Bank Average
13.9% 12.68%

First National Bank has a Capitalization of 13.9% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First National Bank Balance Sheet Analysis

As of March 31, 2020, First National Bank had assets of $229,599,000, loans of $149,346,000, and deposits of $179,260,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
Cash & Balances due from depository institutions $ 18.08 million
Interest-bearing balances $ 14.21 million
Total securities $ 50.61 million
Federal funds sold and reverse repurchase $ 1.00 million
Net loans and leases $ 149.35 million
Loan loss allowance $ 2.51 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 6.48 million
     Total Assets $ 197.69 million
Total deposits $ 179.26 million
      Interest-bearing deposits $ 134.58 million
      Deposits held in domestic offices $ 179.26 million
      % insured (estimated) 73.04%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 17.00 million
Subordinated debt N.A.
All other liabilities $ 1.43 million
      Total Liabilities $ 197.69 million
      Shareholders’ Equity $ 31.91 million

Summary Income Statement

March 31, 2020
Total Interest Income $ 2.52 million
Total Interest Expense $ 0.50 million
Net interest income $ 2.02 million
Provision for loan and lease losses $ 0.06 million
Total non interest income $ 0.28 million
Total non interest expense $ 1.50 million
Pre-tax Net Operating Income $ 0.74 million

Bank Loan Profile?

The top three loan types in First National Bank’s loan portfolio are Commercial Real Estate, Farm Loans, and Commercial and Industrial Loans.

Compared to other banks in Texas, First National Bank has a significantly higher percent of Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 10.30
Credit Card Loans 0.00
Consumer Auto Loans 2.30
Small Business Loans 0.00
Construction and Development Loans 2.03
Commercial Real Estate 28.70
Commercial and Industrial Loans 16.92
Farm Loans 24.16

Frequently Asked Questions About First National Bank

Branches and Savings

Is First National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #26219.

Why does First National Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First National Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First National Bank a commercial bank?


Where are First National Bank locations?

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Is First National Bank open on Saturdays?

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Does First National Bank offer mortgages?

Compare mortgage rates here.

Does First National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First National Bank offer personal loans?

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Does First National Bank offer student loans?

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Background on The Bank

Who owns First National Bank?

How long has First National Bank been around?

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