East Texas Bancshares Inc - Dallas Fed · 2018. 12. 31. · East Texas Bancshares, lnc. Legal'fille...

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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, 2019 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

[email protected]

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 "[email protected]" on March 18, 2019,

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East Texas Bancshares Inc - Dallas Fed · 2018. 12. 31. · East Texas Bancshares, lnc. Legal'fille...

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Transcript of East Texas Bancshares Inc - Dallas Fed · 2018. 12. 31. · East Texas Bancshares, lnc. Legal'fille...