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SEPsOBoard of Governors ofthe Federal Reserve System
; Annual Report of Holding Companies-FR Y-6
*/*-oJJ- &*/.*/*.
Report at the close of busines s as of the end of fisc al yearThis Report is required by law: Section S(cX1XA) of the BankHolding Company Act (12 U.S.C. S 18aa(cX1)(A)); sections 8(a)and 13(a) of the lnlernational Banking Act (12 U.S.C. SS 3106(a)and 3108(a)); sections 11(aX1), 25, and 25A ol the FederalReserve Act (12 U.S.C. SS 248(a)(1), 602, and 611a); and sec-tions 113, 165, 312, 618, and 809 of the Dodd-FrankAct ('12 U.S.C.SS 5361, 5365,5412, 1850a(c)(1), and 5468(b)(1)). Return to theappropriate Federal Reserve Bank lhe original and the number ofcopies specified.
FRY6OMB Number 7100{297Approval expires November 30, 2019Page 1 of2
I
This report form is to be filed by all top-tier bank holding compajnies, top-tier savings and loan holding companies, and U.S. inter-mediate holding companies organized under U.S. laq and byany foreign banking organization that does not meet the require-ments of and is not treated as a qualiffing foreign banking orga-nization under Section 2'11.23 of Regulation K (12 C.F.R. S211.23). (See page one of the general instructions for more detailof who must file.) The Federal Reserve may not onduct or spon-sor, and an organization (or a person) is not required to respondto, an information collection unless it displays a currently validOMB control number.
nUsEP 3 o 201c
NOTE: The Annual Report of Holding Companies must be signed byone director of the top-tier holding company. This individual shouldalso be a senior official of the top-tier holding company. ln the eventthat the top-tier holding oompany does not have an individual who isa senior oflicial and is also a director, the chairman of the board mustsign the report. lf the holding company is an ESOP/ESOT formed asa corporation or is an LLC, see the General lnstructions for theauthorized individual who must sign the report.l. Robert Sebaugh
Name of the Holding Company Direclor and Olticial
President / DirectorTitle of the Holding Company Director and Olficial
attest that lhe Annual Repoi of Holding Companies (includingthe supporting attachments) for this report date has been pre-pared in conformance with the instructions issued by the FederalReserve System and are true and correct to the best of myknowledge and belief.
Wtth respect to information regarding individuals contained in thisreport, the Reporter certifies lhat fi has the authoity to provide thisinformation to the Federal Reserye. The Reporter also certifiesthat it has the authoitlq on behalf of each individual, to consent orobject to public release of information regarding that individual.The Federal Reserye may assume, in the absence of a reguest forconfidential treatment submitted in accordance with the Board's
Date of Report (top-tier holding company's fiscal year-end):
December 31, 2018Monlh/Day/Year
NONEReporte/s Legal Entity ldentiner (LEl) (20-Character LEI Code)
Reportefs Name, Street, and Mailing AddressEast Texas Bancshares, lnc.
Legal'fille of Holding Company
P.O.Box1277(Malling Address ot lhe Holding Company) Street , P.O. Box
Livingston Texas 77351
City State
112 W. Polk, Livingston, TX 77351
ap Code
Physlcal Location (if different from mailing address)
Person to whom questions about this reporl should be directed:Robe( Sebaugh President / DirectorName
9361329-7202
Tlle
Area Code / Phone Number, Extension
'Rulesthat
Availability '12 Paft 261, 9361329-7502to release of all Area code / FAx Number
Roberts@fsblivingston.comE-mailAddress
NONEof Holding Dlrector and
o3t't8t2019Date of SiEnature
For holding companies not registered with the SE(-lndicate stalus of Annual Report to Shareholders:
lE is included with the FR Y-6 reportE will be sent under separate coverE is notprepared
Address (URL) for lhe Holding Companys web page
For Federa! Reserve Bank Use Onlv
RSSD ID TIZ5| 01c.l.
Office of Managemenl and Budget. Paperwork Reduction Pro,ecl (7100{297), Washington. DC 20503. Ogl2}lg
0ls confidential treatment requested for any portion ofthis reporl submission? ........,.ln accordance wilh lhe General lnstructions for lhis reporl(check only one),
1 . a letter jusliffing this request is heing provided along
2. a letter justifiing this request has been provided separalely ...
NOTE: lnformation forwhich confidenlial trealrnent is being requestedmust be provided separately and labeledas "conlidenlial."
with the report
FRY6Page2ol2
For Use By Tiered Holding CompaniesTop-tiered holding companies must list the names, mailing address, and physical localions of each of their subsidiary holding companiesbelow.
NONELegalTitle of Subsidiary Holding Company LegalTitle of Subsidiary Holding Company
(Mailing Address of the Subsidiary Holding Company) Street / P.O. Box
City State Zip Code
(Mailing Address of the Subsidiary Holding Company) Street / P.O. Box
City State zip Code
Physical Location (if differenl from mailing address) Physical Location (if different from mailing address)
LegalTitle of Subsidiary Holding Company LegalTitle of Subsidiary Holding Company
(Mailing Address of the Subsidiary Holding Company) Street / P.O. Box (Mailing Address of the Subsidiary Holding Company) Street / P.0. Box
Cily State Zip Code City Slate zip Code
Physical Location (if different from mailing address) Physical Location (if different from mailing address)
Legal Tile of Subsidiary Holding Company Legalfitle ot Subsidiary Holding Company
(Mailing Address ot lhe Subsidiary Holding Company) Street / P.O. Box (Mailing Address of the Subsidiary Holding Company) Street, P.0. Box
City State Zip Code State Zip CodeCity
Physical Location (if different from mailing address) Physical Location (if ditferenl kom mailing address)
LegalTitle of Subsidiary Holding Company Legal Title of Subsldiary Holdlng Company
(Mailing Address of lhe Subsidiary Holding Company) Street / P.O. Box (Mailing Address of the Subsidiary Holding Company) Street / P.O. Box
Physical Location (if different from mailing address)
Zip Code
Physical Location (if difterenl from mailing address)
1212012
City State Stale Zip Codecity
East Texas Bancshares, lnc.Livingston, Texas
Annual Report FR Y€Deoember 31, 2018
Report ltem 1
East Texas Bancshares, lnc. is not registered with the Securities and Exchange Commission.
Attached is a copy of the annual report from East Texas Bancshares, lnc. to its shareholders.
AN'NI]AL REPORT
EAST TXXAS B,ANCSHARES, INC.AND SUBSIDIARIES
2018
East Texas Bancshares, lnc. and SubsidiariesConsolidated Balance Sheets
(Dollar Amounts in Thousands)
12t31t2018 12/,3fl2017ASSETS
CASH AND DUE FROM DEPOSITORY INSTITUI/ONS:NON/NIEREST-BEARI N G BALANCES AND CU RRENCY AN D COI N/NIERESI. BEAR I N G BALAN CES
SECUR/I/ES:H E LD -T O- M AT U R I T Y SECUR/I/ESAVAI LAB LE-F O R- SALE SECUR/I/ESTRADING SECUR/1-IES
LOANS AND LEASE FINANCING RECEIVABLES:LOANS AND LEASES, NEI OF UNEARNED INCOMELESS.. ALLOWANCE FOR LOAN AND LEASE LOSSES
PREMISES AND FIXED ASSEIS
OTHER REAL ESTATE OWNED
OTHER ASSETS
TOTAL ASSETS
LIABILITIES AND EQUITY CAPITAL
DEPOS/IS:NON/NTEREST-BEARING/NTERESI-BEARING
OTHER BORROWED MONEY
OTHER LIABILITIES
TOTAL LIABILITIES
COMMON SIOCK (289,551 shares issued and outstanding)
SURPLUS
UNDIVIDED PROF/TS AND CAPITAL RESERYES
NET UNREALTZED HOLDTNG GAINS (LOSSES) ONAV A I LAB LE- FOR-SALE SECUR'I'ES
TOTAL EQUITY CAPITAL
TOTAL LIABILITIES AND EQUITY CAPITAL
10,55623,231
0316,352
13,643
216,208(2,739)
7,395
140
13,26820,028
0312,449
13,311
204,251(2,563)
7,297
67
11,060
5?9199_
11 795
596,581
143,278363,730
135,859355,300
0 0
3,407 3,299
510,415 494,458
289
8,662
76,369
289
9,662
72,358
86,166
846 3,401
B4 710
596,581 579,168
East Texas Bancshares, Inc. and SubsidiariesConsolidated Income Statements
For the Years Ended December 31, 2018 and 2017@ollar Amounts in Thousands)
1213112018 1213112017
INTEREST INCOME:
/NIEREST AND FEES ONLOANS
/NTEREST FROM DEPOSITORY INSTITUflONS
,NTERESI AND DIVIDEND INCOME ON SECUR/flESJUS IREAS. SECUR/flESAND US GOVERNMENT
AGENCY OBLIGATIONSALLOTHER SECUR'I'ES
TOTAL /NTEREST NCOME
INTEREST EXPENSE:
/NIEREST ON DEPOS/ISiTIME DEPOSITSOTHER DEPOS/IS
/NIEREST ON OTHER BORROWED MONEY
TOTAL INTEREST EXPENSE
NET INTEREST INCOME
PROVISION FOR LOAN AND LEASE LOSSES
NONINTEREST INCOME:
SERY'CE CHARGES ON DEPOSIT ACCOUNTS
OT H E R NON/NIER E ST I N CO M E
TOTAL NON INTEREST INCOME
REALTZED GAlrVS TIOSSES,) ON SECURIflES
NONINTEREST EXPENSE:
SALAR'ES AND EMPLOYEE BENEFIIS
EXPENSES OF PREMISESAND FIXED ASSETS
OTH E R /VON'NIEREST EXPE N SE
TOTAL N O N I NTEREST EXP EN S E
tNcoME rloss, BEFoRE TNCOME TAXES ANDEXTRAORDINARY ITEMS AND OTHER ADJ.
AP P LI CABLE I N C O M E IAXES
NET INCOME
578
983
742
12
2,161 1,737
17,303 1 841
420 190
9,559
668
8,455
9,094
470
7,729
285
782
19,464 17
9811,168
12
2,404
1,535
2,236
1,469
3,939 3,705
344 410
8,245
'1,588
790
15,262 14,623
8,551
1,681
5,030
5,904
735
5,143
1,662
5,169 3,481
Note: The net income tor 2017 is 725less than reported at the stockholders' meeting heldon February 21,2018. This a result of the change in tax law right at the end of 2017 which lowered
the effective corporate tax rate from 347o to 21%. We had a sizable deferred tax asset that had
to be lowered using the 21o/o rate. This caused the tax expense to be adjusted up by 725.
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East Texas Bancshares, lnc.Livingston, Texas
Annual Report FR Y.6December 31,2018
Report ltem 2b: Domestic Branch Listing
Verified informatlon by emailto "strueture.verification@dal.frb.org" on March 18, 2019,
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