LINDEN BANCSHARES, INC. ANNUAL REPORT OF BANK HOLDING COMPANIES - FR Y-6. REPORT 1: ANNUAL REPORT TO SHAREHOLDERS FOR THE YEAR ENDED December 31, 2016

Transcription

1 AMENDED

2 LINDEN BANCSHARES, INC. ANNUAL REPORT OF BANK HOLDING COMPANIES - FR Y-6 REPORT 1: ANNUAL REPORT TO SHAREHOLDERS FOR THE YEAR ENDED December 31, 2016

3 Linden Bancshares, Inc. and Subsidiary Consolidated Balance Sheet Year ended December 31 (Unaudited) Assets Cash and due from banks 7,286 3,723 4,329 3,303 7,221 Securities available for sale 5,137 7,133 9,316 12,550 18,767 Loans, net 141, , , , ,216 Premises and equipment 6, ,170 5,441 Non-marketable equity securities 1,511 6,255 4,953 1,242 1,179 Prepaid FDIC assessment Accrued interest receivable 607 1,220 1, Foreclosed assets 762 1, Other assets Total assets 163, , , , ,564 Liabilities and Stockholders' Equity Deposits: Noninterest-bearing deposits 33,222 28,450 24,684 23,751 24,276 Interest-bearing deposits 87,289 82,269 96,001 96,808 96,888 Total deposits 120, , , , ,164 Borrowed funds: Federal funds purchased and securities sold and under the agreement to repurchase Short-term debt Federal Home Loan Bank advances 27,390 19,811 19,696 17,683 21,981 Long-term debt 5,076 5,268 3,760 4,015 4,269 Junior subordinated debentures 3,093 3,093 3,093 3,093 3,093 Total borrowed funds 35,559 28,172 26,743 24,791 29,343 Accrued interest payable Other liabilities Total liabilities 156, , , , ,370 Common stock Additional paid-in capital 3,872 2,636 2,636 2,636 2,636 Retained earnings 3,416 4,431 5,614 4,756 4,099 Treasury stock (544) (544) (450) (236) (236) Accumulated other comprehensive income Total stockholders' equity 6,842 6,703 8,075 7,365 7,194 Total liabilities and stockholders' equity 163, , , , ,564 Dividends paid Selected Ratios (Based on end of period) Loans to deposits % % % % % Equity to loans 4.83% 5.32% 5.97% 5.65% 5.79% Equity to deposits 5.68% 6.05% 6.69% 6.11% 5.95% Equity to total assets 4.18% 4.59% 5.17% 4.80% 4.55% Return on average total assets -0.66% -0.78% 0.86% 0.81% 0.55% Return on average equity % % 17.34% 17.34% 12.60% Efficiency ratio % % 82.84% 83.45% 88.20%

4 Linden Bancshares, Inc. and Subsidiary Consolidated Income Statement Year ended December 31 (Unaudited) Interest Income Interest on loans 7,208 7,238 7,850 7,736 7,387 Interest on taxable securities Interest on nontaxable securities Interest on federal funds sold and other Total interest income 7,434 7,513 8,204 8,218 8,103 Interest Expense Interest on deposits ,085 Interest on FHLB advances Interest on junior subordinated debentures Interest on long-term debt and other borrowed fu Total interest expense 1,188 1,176 1,263 1,469 1,797 Net interest income 6,246 6,337 6,941 6,749 6,306 Provision for loan losses 390 1, Net interest income after provision 5,856 4,760 6,654 6,563 6,220 Non-Interest Income Service charges on deposit accounts Gain on sale of investment securities Other income Total noninterest income ,079 1, Non-Interest Expense Salaries and employee benefits 4,161 3,917 3,884 3,833 3,629 Loss on sale of investments Legal and professional Data processing Occupancy of bank premises Equipment expense Regulatory assessments Loss on sale of foreclosed assets Advertising Other noninterest expense Total noninterest expense 7,563 6,795 6,394 6,327 6,138 Net Income (1,015) (1,183) 1,339 1, Shares outstanding * 6,825 6,330 6,393 6,500 6,500 Average number of shares outstanding 6,371 6,368 6,429 6,500 6,450 Net income per average number of shares (159.31) (185.77) Cash dividend per average number of shares Book value per share 1, , , , , *All numbers in thousands except per share data.

5 LINDEN BANCSHARES, INC. ANNUAL REPORT OF BANK HOLDING COMPANIES - FR Y-6 REPORT 2a: ORGANIZATION CHART FOR THE YEAR ENDED December 31, 2016 Linden Bancshares, Inc. OWN Linden Statutory Trust I IDL0UI2BPBTC52 N/A Incorporated in Texas 100% Incorporated in Texas OWN 100% Texana Bank, National Association N/A Incorporated in Texas

6 Results: A list of branches for your depository institution: TEXANA BANK, NATIONAL ASSOCIATION (ID_RSSD: ). This depository institution is held by LINDEN BANCSHARES, INC. ( ) of LINDEN, TX. The data are as of 12/31/2016. Data reflects information that was received and processed through 01/10/2017. Reconciliation and Verification Steps 1. In the Data Action column of each branch row, enter one or more of the actions specified below 2. If required, enter the date in the Effective Date column Actions OK: If the branch information is correct, enter 'OK' in the Data Action column. Change: If the branch information is incorrect or incomplete, revise the data, enter 'Change' in the Data Action column and the date when this information first became valid in the Effective Date column. Close: If a branch listed was sold or closed, enter 'Close' in the Data Action column and the sale or closure date in the Effective Date column. Delete: If a branch listed was never owned by this depository institution, enter 'Delete' in the Data Action column. Add: If a reportable branch is missing, insert a row, add the branch data, and enter 'Add' in the Data Action column and the opening or acquisition date in the Effective Date column. If printing this list, you may need to adjust your page setup in MS Excel. Try using landscape orientation, page scaling, and/or legal sized paper. Submission Procedure When you are finished, send a saved copy to your FRB contact. See the detailed instructions on this site for more information. If you are e mailing this to your FRB contact, put your institution name, city and state in the subject line of the e mail. Note: To satisfy the FR Y 10 reporting requirements, you must also submit FR Y 10 Domestic Branch Schedules for each branch with a Data Action of Change, Close, Delete, or Add. The FR Y 10 report may be submitted in a hardcopy format or via the FR Y 10 Online application * FDIC UNINUM, Office Number, and ID_RSSD columns are for reference only. Verification of these values is not required. Data Action Effective Date Branch Service Type Branch ID_RSSD* Popular Name Street Address City State Zip Code County Country FDIC UNINUM* Office Number* Head Office Head Office ID_RSSD* Comments OK Full Service (Head Office) TEXANA BANK, NATIONAL ASSOCIATION 124 EAST RUSH STREET LINDEN TX CASS UNITED STATES TEXANA BANK, NATIONAL ASSOCIATION OK Full Service ARKANSAS BLVD BRANCH 502 ARKANSAS BLVD TEXARKANA AR MILLER UNITED STATES Not Required Not Required TEXANA BANK, NATIONAL ASSOCIATION OK Full Service HIGHWAY 80 BRANCH 915 EAST MARSHALL AVENUE LONGVIEW TX GREGG UNITED STATES TEXANA BANK, NATIONAL ASSOCIATION OK Full Service SPRING HILL BRANCH 3814 GILMER ROAD LONGVIEW TX GREGG UNITED STATES TEXANA BANK, NATIONAL ASSOCIATION OK Full Service RICHMOND ROAD BRANCH 3620 RICHMOND ROAD TEXARKANA TX BOWIE UNITED STATES TEXANA BANK, NATIONAL ASSOCIATION

7 MENDED Form FR Y-6 Linden Bancshares, Inc. Fiscal Year Ending December 31, 2016 Report Item 3: Securities Holders Current Securities Holders with ownership, control or holdings of 5% or more with power to vote as of fiscal year ending Securities Holders not listed in 3(1)(a) through (3)(1)(c) that had ownership, control or holdings of 5% or more with power to vote during the fiscal year ending (1)(a) (1)(b) (1)(c) (2)(a) (2)(b) (2)(c) Country of Number and Percentage of Each Country of Number and Percentage of Each Name & Address (City, State, Citizenship or Class of Voting Name & Address Citizenship or Class of Voting Country) Incorporation Securities (City, State, Country) Incorporation Securities Rountree's Children's Trust #1, Linden TX Trustees: John R Rountree Nancy Rountree Fuller John R. Rountree Nancy Rountree Fuller White Hall, AR USA 789 Common 11.56% N/A USA 2,352 Common 34.45% USA 700 Common 10.26% Howard C and Barbara F. Glick Texarkana, TX USA 575 Common 8.42% Iva B. Rountree USA 692 Common 10.14%

8 Form FR Y-6 Linden Bancshares, Inc. Fiscal Year Ending December 31, 2016 Report Item 4: Insiders (1)(a)(b)(c) and (2)(a)(b)(c) (1) (2) (3)(a) (3)(b) (3)(c) (4)(a) (4)(b) (4)(c) Names & Address (City, State, Country) Principal Occupation if other than with holding company Title & Position with holding company Title & Position with Subsidiaries (include names of subsidiaries) Title & Position with Other Businesses (include names of other businesses) Percentage of Voting Securities in holding company Percentage of Voting Securities in Subsidiaries (include names of subsidiaries) List names of other companies (includes partnerships) if 25% or more of voting securities are held (List names of companies and percentage of voting securities held) John R. Rountree N/A Chairman. President/CEO N/A 34.45% N/A N/A Rountree's Children's Trust #1 N/A Shareholder N/A N/A 11.56% N/A N/A Nancy Rountree Fuller White Hall, AR Businesswoman N/A Fuller Hale-South Funeral, Vice President 10.26% N/A Fuller Hale-South Funeral, 50% of voting stock Patricia Bates Rountree N/A. EVP - Audit and Compliance N/A 0.53% N/A N/A J. Patrick Rountree Texarkana, TX N/A Vice Chairman and Secretary/Treasurer. EVP - CFO N/A 1.47% N/A N/A

9 Robert Michael Rountree Keller, TX N/A. EVP - Chief Credit Officer N/A 1.47% N/A N/A Brian G. Hays Self-employed Farmer Owner/Operator Farm 3.54% N/A Owner/Operator Farm, 100% of voting stock Earl Wayne Rountree IV Businessman Texas Brand Bank, Account Services Representative 0.22% N/A N/A Fred R. Norton, Jr. Texarkana, TX Lawyer Norton & Wood, LLP, Law Partner 0.15% N/A Norton & Wood, LLP, 39% of voting stock Howard C and Barbara F. Glick Texarkana, TX Businessman Tri-State Iron & Metal Co., President 8.42% N/A Tri-State Iron & Metal Co., 25% of voting stock Iva B. Rountree Retired, school teacher Shareholder N/A 10.14% N/A N/A