J UNE 10, 2019 | VOLUME 154, NUMBER 22 | BANKERSDIGES T.COM

PUBLISHED E VERY MONDAY E XCEP T THE FIF TH MONDAY OF THE MONTH

A R K A N S A S Arvest Bank Hires Simmons for Multi-State Treasury Management RoleFayetteville-based Arvest Bank has hired JULIE SIMMONS as senior vice president/regional sales manager for its

treasury manage-ment division. She will work with Arvest Bank locations in Kansas, Missouri and Oklahoma. Sim-mons, who has more than 23 years of financial services

experience, will be responsible for managing, supporting and growing the sales of treasury management products.

“Her expertise will benefit not just Arvest Bank, but more importantly, our clients,” says CAROLYN KENNEDY, senior vice president/executive director of Arvest Bank treasury management.

Simmons earned a BBA degree from Northeastern State University. Among her civic activities, she served as an ambassador and social chair for the Broken Arrow Chamber of Commerce and is a Leadership Broken Arrow grad-uate. She has also volunteered with the American Red Cross and United Way.

Arvest Bank operates more than 270 branches in Arkansas, Oklahoma, Missouri and Kansas. •

SIMMONS

T E X A S Parker Named National Bank of Texas ChairmanThe National Bank of Texas at Fort Worth and its holding company, Horizon Bankshares Inc., recently announced

that STEVE PARKER has been elected as the bank’s chairman of the board of directors, according to the Marshall News Messenger. He has more than 40 years of experience in the banking

industry, including serving as an examiner with the FDIC, vice president at Texas Independent Bank–Dallas and executive vice president at Lake Worth National Bank.

Parker joined First National Bank of Azle (later renamed First Bank) in 1989, serving as executive vice president. He was promoted to president and CEO in 2004 and remained in that role until

2009, when the bank was sold to Pin-nacle Bank. Parker joined National Bank of Texas in 2010 as president of its Azle location, where he continued to serve until retiring in 2017. He was elected to the National Bank of Texas at Fort Worth’s board in 2011.

Parker is a graduate of the Universi-ty of Texas–Arlington with a BBA degree in marketing. He also graduated from the Southwestern Graduate School of Banking at Southern Methodist Univer-sity. Named “Azle Citizen of the Year” in 1996, he is the former president of the Azle Chamber of Commerce, the Azle chapter of Rotary International and Azle Library Trust. Prior to moving to Azle, he served as a Lake Worth city councilman and chamber president.

Established in 1973, the National Bank of Texas at Fort Worth has loca-tions in Fort Worth, Azle, Burleson and Hurst. •

PARKER

T E X A S

Styra Retires as CEO of Citizens Bank in Yorktown, Strieber Named New CEOKilgore-based Citizens Bank recently announced the retirement of DAVID P. STYRA as chief executive officer of the

bank’s Yorktown location after 27 years of service with the bank and almost 44 years in the financial services industry. BOBBY STRIEBER has been named the new CEO in Yorktown.

“On behalf of the board, I want to thank David for his many years of service, his leader-ship at Citizens Bank and his innumerable contributions to the Yorktown commu-nity,” says SAMMY

YORK, Citizens Bank president and CEO. “We will miss David and wish him and Donna the very best as they embark on their new journey together.”

Strieber began his banking career with Yorktown Community Bank in 1989 and most recently served as branch president of The First National Bank of Beeville in Yorktown. He is an emergen-cy medical technician with the Yorktown Emergency Medical Service and a volun-teer fireman for the Yorktown Fireman’s Association. Strieber is active in local organizations, including the Yorktown Chamber of Commerce, Yorktown Lions Club, Garfield Hall and Gruenau Hall.

Chartered in 1949, Citizens Bank operates 12 locations in Texas. •

STYRA

STRIEBER

2 | Bankers Digest June 10, 2019

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T E X A S IBC Bank Promotes Studenko in North Texas and Marquez in Houston, Hires Lalich for San Antonio MarketLaredo-based IBC Bank recently an-nounced several promotions and the hiring of a new associate.

SCOTT STUDENKO has been promot-ed to first vice president of commercial banking. He is responsible for growing

the commercial loan and deposit portfolio in Dallas/Fort Worth and promoting the bank through various business and civic organizations in the area. Studenko joined IBC Bank–

Oklahoma in 2015 and has more than 19 years of experience in the commer-cial real estate industry. He has been instrumental in advancing IBC Bank’s expansion into the Dallas/Fort Worth market, launched in 2017, and estab-lishing the bank’s Dallas headquarters.

Studenko received a BBA degree in finance from Texas A&M University and is a graduate of the Southwestern Graduate School of Banking at Southern Methodist University.

EPIFANIO “MINGO” MARQUEZ has been promoted to bank officer in the treasury management department at

IBC Bank–Houston. He oversees approv-al procedures within the department. He is also responsible for generating and growing current and new client relation-ships, implementing treasury solutions

for clients and overseeing daily opera-tions. He joined IBC Bank in 2011.

Marquez earned his associates de-gree in finance from Houston Communi-ty College. Active in his community, he is past president of the LULAC Council and leads outreach efforts for IBC Bank’s financial literacy initiatives.

DEANNA LALICH has joined IBC Bank–San Antonio as a bank officer. With more than 14 years of banking

experience, she will serve as sales manager for the San Marcos branch, performing sales and marketing tasks. In addition, she will manage and control sales operations for the branch by

creating, evaluating and optimizing opportunities in the San Marcos area.

Lalich holds a BA degree from Texas State University. Active in her commu-nity, she has served as president of the Rotary Club of Greater San Marcos and co-chair of the San Marcos Chamber of Commerce Business Expo. She has also served as a board member for Hays Country Food Bank and as an ambas-sador for the San Marcos Chamber of Commerce.

Established in 1980, International Bancshares Corp. is an $11.9-billion multi-bank holding company with 189 facilities serving 89 communities in Texas and Oklahoma. IBC Bank–Oklaho-ma has been serving the Sooner State since 2004 and Dallas since 2017. It has 47 locations. IBC Bank–San Antonio has been serving the Alamo City since 1986 and has 20 locations. IBC Bank–Houston has been serving the area since 1997 and has 14 locations. •

STUDENKO

MARQUEZ

LALICH

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Bankers Digest June 10, 2019 | 3

Banks Report Net Income of $60.7 Billion in First Quarter

COMMERCIAL BANKS AND SAVING S INS TIT U TIONS insured by the FDIC reported aggregate net income of $60.7 billion in first quarter of 2019, up 8.7 percent from a year earlier. The increase in net income was mainly attributable

to a 6 percent increase in net interest income. Financial results for first quarter of 2019 were included in the FDIC’s latest Quarterly Banking Profile released last week.

“Net interest margins improved, as-set quality indicators remained stable and the number of ‘problem banks’ con-tinued to decline,” says JELENA McWIL-LIAMS, FDIC chair. “Community banks also reported a strong quarter, with annual loan growth and a net interest margin surpassing the overall industry.”

“With a historically low interest-rate environment and strong competition to attract lending, some institutions have ‘reached for yield,’ which limited net interest margin expansion,” McWilliams says. “With the recent stabilization of interest rate hikes, some institutions may face new challenges in lending and funding. Banks must maintain prudent risk management.”

HIGHLIGHTS FROM THE FIRST QUARTER 2019 QUARTERLY BANKING PROFILE

NET INCOME RISES 8.7 PERCENT FROM A YEAR EARLIER: The aggregate net income for the 5,362 FDIC-insured insti-tutions increased by $4.9 billion (8.7 percent) from a year ago to $60.7 bil-lion, led by higher net interest income. Almost two-thirds of all institutions re-ported annual increases in net income and less than 4 percent of institutions were unprofitable. The average return on assets increased to 1.35 percent, up from 1.28 percent a year earlier.

COMMUNITY BANKS QUARTERLY NET IN-COME INCREASED 10.1 PERCENT FROM A YEAR EARLIER: The 4,930 insured insti-tutions identified as community banks reported net income of $6.5 billion in the first quarter, up $596 million (10.1 percent) from a year earlier. The in-crease was driven by higher net interest income (up $1.1 billion, or 6.4 percent), higher securities gains (up $110 million, or 206.7 percent) and lower provision expense (down $137 million, or 17.3 percent). Lower noninterest income (down $84 million, or 1.9 percent) and

higher noninterest expense (up $585 million, or 4 percent) partially offset improvements to net income.

NET INTEREST INCOME RISES 6 PERCENT OVER 12 MONTHS: Net interest income totaled $139.3 billion in the first quar-ter, up $7.9 billion (6 percent) from first quarter 2018. Nearly four out of five banks (79.3 percent) reported an im-provement in net interest income from a year earlier. The average net interest margin rose to 3.42 percent, up from 3.32 percent a year ago.

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T E X A S Austin Bank Announces Cleveland Office TeamTwo seasoned bankers have been tapped to lead the team for Jackson-ville-based Austin Bank’s new Cleveland, Texas, location. It’s the bank’s 33rd location and further expands its East Texas service area.

TASHA CHILDRESS joins the bank to oversee retail operations in the new Cleveland office and will also serve as

the regional manager for retail in the Southeast market with any future expansions. With 17 years of banking experience, she comes to Austin Bank from Prosperi-ty Bank where she

has spent her entire banking career, starting as a teller and working her way up as a customer service representative, lending assistant and then lobby manager.

Childress attended Sam Houston State University. Active in her commu-nity, she is president of the Cleveland chapter of Rotary International and serves as treasurer for the Cleveland Salvation Army.

MIKE PENRY joins the Austin Bank family after an 18-year tenure with First Bank and Trust East Texas. He has 46

years of experience in the financial services industry.

Penry is a graduate of Tarleton State University. He currently serves as a city council member, president of the Lions Club

and a board member of the Austin Memorial Library and Liberty County Economic Development Corp. His past involvement on boards and in leader-ship positions includes work with the Bridgehaven Children’s Advocacy Center, Cleveland Senior Citizens Center, Lib-erty County Housing Authority, Liberty County Housing Development Corp. and Cleveland Hospital task force.

Austin Bank reports assets of $1.8 billion. Banking offices are located in 33 East Texas locations in 24 cities and 12 counties. The bank is locally owned and operated by the Austin family, who is celebrating 110 years of service in the Texas banking industry. •

CHILDRESS

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O K L A H O M A

Yates Hired as Senior Vice President/Commercial Lender at Firstar BankCHRIS RECTOR, market president for Salisaw-based Firstar Bank, recently announced the hiring of RYAN YATES as

senior vice president/commercial lender. Yates will manage business banking relationships with customers throughout Northeast Oklahoma. In

addition to servicing commercial borrowers, he will help clients identify beneficial financial products and services.

With 20 years of tenure in the financial services industry, Yates has extensive experience in commer-cial lending across many industries, including commercial real estate, industrial, medical and profession-al services. Prior to joining Firstar Bank, he was the commercial lending department manager for Equity Bank, formerly Patriot Bank, where he was named the “2018 Commercial Lender of the Year.”

Yates holds a BBA degree from Oklahoma State University (OSU) where he was named an OSU Leader-ship Legacy honoree. After graduating, he was selected for the Bank of Okla-homa account management develop-ment training program.

An animal-rescue advocate, Yates volunteers with animal-rescue organi-zations and has served on the board of the Tulsa Society for the Prevention of Cruelty to Animals, Hospice of Green Country, Big Brothers Big Sisters and The Bridges Foundation.

Established in 2001, Firstar Bank operates seven banking offices in East-ern Oklahoma and Arkansas. Opened in 2007, the bank’s Tulsa branch cur-rently holds more than $135 million in deposits and $225 million in loans. •

YATES

Bankers Digest June 10, 2019 | 5

T E X A S Heine and Anderson Join Veritex Community BankJON HEINE has joined Veritex Communi-ty Bank as Houston city president. He will lead the efforts of the bank’s

recently expanded Houston market following the acquisition of Houston-based Green Bank earlier this year. As a member of the bank’s executive leadership team,

Heine will help develop and implement bank-wide initiatives and the creation of new lines of business, including wealth management and private banking.

Heine joins Veritex Bank after nearly 19 years at Comerica Bank, where he served as the regional manager of its wealth management team in Houston. He also held various roles in private banking, national dealer finance, mid-dle-market and entertainment finance in Texas and California.

Heine received a finance degree from Texas Tech University. He serves on the board for A Child’s Hope and formerly served for four years on the Houston Livestock Show and Rodeo committee.

RUSSELL ANDERSON has joined Veritex Community Bank as senior vice president/mortgage company presi-

dent. He brings more than 25 years of banking and mortgage experi-ence, including managing multiple branches and funding thousands of loans.

Anderson gradu-ated from Southern Methodist Universi-ty with a BA degree in finance.

Established in 2010, Veritex Com-munity Bank has 44 locations in Dallas, Fort Worth, Austin, Honey Grove and Houston, as well as a location in Louis-ville, Kentucky. •

HEINE

ANDERSON

L O U I S I A N A

Willson Named Century Next Bank Market PresidentBILL WILLSON has been named Ouachita Parish market president and senior vice president/commercial lending at

Ruston-based Century Next Bank. With more than 33 years of commercial and investment banking experience in the area, Willson has financed more than $1 billion in commercial projects.

Since joining Century Next Bank, he has grown the bank’s deposits in Ouachita Parish by almost 200 percent.

Willson graduated from Louisiana Tech University with a BS degree in finance. Active in the Monroe/Ouachita Parish community, he currently serves as president of the Monroe City School Board. •

WILLSON

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L O U I S I A N A

Progressive Bank’s Cummings Passes AwayLouisiana Banker GEORGE W. CUMMINGS JR. died on May 19 in Winnsboro. He served as president of Progressive Bank

from its establish-ment in 1975 until 2000 and as a member of the bank’s board of directors from 1975 until his retirement from the board in 2007.

Cummings began his banking career in 1959 at the First State Bank of Conway in Arkansas. In 1965, he began a 10-year affiliation with Southern National Bank in Tallulah where he served as vice president and cashier. In 1974, Cummings helped es-tablish Progressive Bank, which, at the time, was the first new bank chartered in Franklin Parish in 75 years.

His entrepreneurial spirit and lead-ership grew Progressive Bank to nearly $160 million in assets, with five loca-tions in Winnsboro, Monroe and West Monroe. During his tenure, Progressive Bank also established departments and divisions not often found in a communi-ty bank, including wealth management, mortgage lending and commercial cash management.

Cummings was instrumental in the creation of Winnsboro Economic Development Foundation and served as its president for several years, as well as on its board. He was president of Winnsboro/Franklin Parish Chamber of Commerce and was an active supporter of Boy Scouts of America.

Cummings’ view on life was summed up in Progressive Bank’s pledge, which he authored: “To treat every person with respect, regardless of their station in life…recognizing that I may not be able to do business with every person, nor can I accept every request that someone brings to me; however, I can look for ways to serve, rather than look for ways not to serve that person, and I can thank them for giving me the opportunity.” •

CUMMINGS JR.

A R K A N S A S Governor Hutchinson Appoints Anstaff Bank’s Miller to State Banking BoardGovernor Asa Hutchinson has appointed SCOTT MILLER, Green Forest-based Anstaff Bank’s Boone County market

president, to the Arkansas State Banking Board. Miller brings 31 years of banking experience to the role.

Miller is a graduate of Hard-ing University and

earned his graduate degree in banking

from Southern Methodist University. Ac-tive in his community, he has served in leadership positions with the Harrison Regional Chamber of Commerce, Ro-tary International and North Arkansas Regional Medical Foundation, among others. He currently sits on the boards of North Arkansas College and the Boone County Economic Development Committee.

The Arkansas State Banking Board consists of six positions serving five-year terms. Miller’s term will expire at the end of 2023. •

MILLER

T E X A S Hahn Promoted to Executive Vice President/ Bay Area Regional President for Texas Gulf BankCHRISTIAN HAHN has been promoted from senior vice president to execu-tive vice president/Bay Area regional president for Texas Gulf Bank NA. Hahn, who joined the bank in 2010, will continue his responsibilities planning, directing, managing and developing the bank’s growth in Galveston County and surrounding areas. His 30-year banking career has included commercial lending

and bank manage-ment. He special-izes in growing small- to mid-sized companies.

Established in 1913, Texas Gulf Bank serves Brazo-ria, Harris and Gal-veston counties. •HAHN

Bankers Digest June 10, 2019 | 7

A R K A N S A S

Regulators Approve Capital Bank Name Change to Encore BankCHRIS ROBERTS, chairman and CEO of Little Rock-based CAPITAL BANCSHARES INC. and THE CAPITAL BANK, announced recently that the Arkansas State Bank Department has approved the compa-ny’s name change to ENCORE BANK.

“We are excited about all of the pos-itive changes that are planned for 2019 and our decision to change the name to Encore Bank reflects this,” Roberts told Arkansas Business. “For our team, Encore means a dynamic partnership of banking professionals building a bank that is focused on relationships, culture and customer service.”

The Capital Bank opened in 1997 and has assets of $174 million. It plans to open a second office this summer to expand beyond its West Little Rock headquarters. The 922-square-foot leased facility is at 5100 Kavanaugh Blvd. in Little Rock’s Heights area.

A R K A N S A S

Simmons First National Completes Merger of Reliance BancsharesPine Bluff-based SIMMONS FIRST NATION-AL CORP. has completed its acquisition of St. Louis-based RELIANCE BANCSHARES INC. At the same time, RELIANCE BANK was merged into SIMMONS BANK. Sim-mons First National Corp. now has ap-proximately $17.6 billion in consolidated assets and more than 200 locations in Arkansas, Colorado, Illinois, Kansas, Mis-souri, Oklahoma, Tennessee and Texas.

“By adding more than 20 bank branches to our presence in the St. Louis metropolitan area, this merger will strengthen our market share,” says GEORGE A. MAKRIS JR., chairman and CEO of Simmons First National Corp.

THOMAS H. BROUSTER SR., former chairman of Reliance Bancshares, is serving in an advisory capacity for Sim-mons Bank’s St. Louis market. •

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8 | Bankers Digest June 10, 2019

O K L A H O M A BancFirst Buying Texas-Based Pegasus BankOklahoma City-based BANCFIRST CORP. is buying Dallas, Texas-based PEGASUS BANK for $122 million in cash, accord-ing to S&P Global Market Intelligence. Pegasus Bank has three branches, approximately $639.1 million in assets, $367.4 million in loans and $595.3 million in deposits as of December 31, 2018. The deal is expected to close in August.

After closing, the bank will continue to operate as Pegasus Bank under a separate Texas charter and will be an

independent subsidiary of BancFirst Corp. with its existing board.

According to S&P, BancFirst will enter Dallas County, Texas, with three branches to be ranked № 25 with a 0.33 percent share of approximately $183.42 billion in total market deposits.

“BancFirst Corp. intends to provide an appropriate amount of capital to increase Pegasus Bank’s ability to ap-prove larger loans and allow Pegasus to continue to grow its assets,” the merger release states. •

N A T I O N A L FDIC Podcasts Chronicle the Causes of and Responses to the Financial CrisisThe FDIC has released a series of podcasts featuring discussions about CRISIS AND RESPONSE: AN FDIC HISTORY, 2008–13, the agency’s study of the banking and financial crisis. The series gives listeners a unique behind-the-

scenes perspective on the crisis as FDIC officials share their insights into the agency’s decision-making strategies and actions. The podcasts are available on the FDIC’s website at bit.ly/FDICPodcast. •

T E X A S Legend Bank NA Acquires Insured Deposits of Enloe State BankOn May 31, Bowie-based LEGEND BANK NA announced that it has acquired Cooper-based ENLOE STATE BANK. Legend Bank NA entered into a pur-chase-and-assumption agreement with the Federal Deposit Insurance Corpo-ration (FDIC) as receiver to assume the insured deposits of Enloe State Bank following Enloe State Bank’s closure by the Texas Department of Banking. As of March 31, Enloe State Bank had approx-imately $30.5 million in total insured deposits.

This transaction provides a unique opportunity for Legend Bank to expand its operations into Northeast Texas and also expands its branch network to 12 locations in Texas.

“We are very excited to welcome the customers of Enloe State Bank to the Legend Bank family,” says MICK-EY FAULCONER, president and CEO of Legend Bank. “Most importantly, we want to assure them their FDIC-insured

deposits are safe, secure and acces-sible. We will do our very best to ease this transition. We are a different kind of banking partner and we hope Enloe State Bank customers will enjoy banking with us as much as we look forward to serving them.”

No immediate changes are an-ticipated and Faulconer says it will be business-as-usual for Enloe State Bank’s customers and employees, all of whom will be retained by Legend Bank. Enloe State Bank customers will auto-matically become customers of Legend Bank. Legend Bank team members will be on hand in Cooper to facilitate the transition.

Established in 1890, Legend Bank operates 12 locations throughout North Texas. Following the acquisition of Enloe State Bank, Legend Bank will have total assets of approximately $739 million, total loans of $480 million and total deposits of $650 million. •

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Bankers Digest June 10, 2019 | 9

M I S S I S S I P P I

Citizens Holding Co. to Acquire Charter BankOn May 21, Philadelphia, Mississip-pi-based CITIZENS HOLDING CO., the parent company of THE CITIZENS BANK OF PHILADELPHIA, announced the sign-ing of a definitive merger agreement to acquire Biloxi-based CHARTER BANK. Upon completion of the merger, Charter Bank will merge into The Citizens Bank of Philadelphia. The merger is expected to close in the fourth quarter of 2019.

As of March 31, Charter Bank had approximately $161 million in total assets, $134 million in deposits and $110 million in gross loans. Based on financial data as of March 31, the com-bined company will have approximately $1.2 billion in assets, deposits of $989 million and gross loans of $569 million.

Charter Bank operates four branch-es in the counties of Harrison and Jackson. The combination expands The Citizens Bank of Philadelphia’s presence in its southern markets, creating the 10th largest bank by deposits in the combined counties of Hancock, Harri-son and Jackson—also known as the Mississippi Gulf Coast.

Upon completion of the merger, GREGORY E. CRONIN, CEO of Charter Bank, will serve in a leadership position with The Citizens Bank of Philadelphia.

“We are excited to be adding [Char-ter Bank] into our fold while bolstering our presence throughout the Mississippi Gulf Coast,” says GREGORY L. McKEE, president and CEO of Citizens.

Subject to the terms of the merger agreement, Charter Bank shareholders will receive 0.39417 shares of Citizens Holding Co.’s common stock and $3.615 in cash for each outstanding share of Charter Bank common stock. Based on Citizens Holding Co.’s closing price of $20.90 as of May 20, this equates to a per-share value of $11.85 and an aggre-gate-deal value of $20 million.

The Citizens Bank of Philadelphia has 23 banking locations in Mississippi. As of March 31, it had $1.1 billion in total assets, $840 million in deposits and $447 million in gross loans. •

A R K A N S A S

Branches

The Arkansas State Bank Department (ASBD) reports that it has approved an application by PREMIER BANK OF ARKANSAS, based in Marion, to establish a branch at 2508 E. Highland Dr. in Jonesboro.

The ASBD reports that it has approved an application by SOUTHERN BANCORP BANK, based in Arkadelphia, to establish a branch at 118 Elm St. in Glenwood.

L O U I S I A N A

Conversions

The Louisiana Office of Financial Institutions (LOFI) reports that INVESTAR BANK, based in Baton Rouge, has applied to convert from a state-chartered bank to a national banking association with the title INVESTAR BANK NATIONAL ASSOCIATION.

Branches

The LOFI reports that it has approved an application by SIMMESPORT STATE BANK, based in Simmesport, to establish a branch at 7332 Hwy. 1 in Mansura.

The LOFI reports that it has approved an application by THE BANK, based in Jennings, to establish a branch at 1012 The Boulevard in Rayne.

T E X A S

Branches

The Texas Department of Banking reports that FROST BANK, based in San Antonio, has established a branch at 23701 Cinco Ranch Blvd., Ste. 100, in Katy.

The Office of the Comptroller of the Currency reports that BANK OF AMERICA NATIONAL ASSOCIATION, based in Charlotte, North Carolina, has applied to relocate a branch from 12605 East Frwy. in Houston to 1011 Federal Rd. in Houston.

10 | Bankers Digest June 10, 2019

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MORTGAGE LOAN OFFICER, FIRST STATE BANK OF UVALDE IN UVALDE, TEXAS. First State Bank of Uvalde is seeking a committed and professional mortgage loan officer who is qualified and dedicated to the values and mission of our bank. Qualified candidates must have prior mortgage lending experience with strong public relations skills. If

FDIC First Quarter continued from page 3

TOTAL LOAN AND LEASE BALANCES IN-CREASE 4.1 PERCENT FROM FIRST QUAR-TER 2018: Over the past 12 months, total loan and lease balances increased by 4.1 percent, a slight decline from the 4.4 percent annual growth rate report-ed last quarter. Growth among major loan categories was led by commercial and industrial loans, which increased by $37.7 billion (1.7 percent), but was off-set by credit card balances, which fell by $43.5 billion (4.8 percent). Total loan and lease balances fell by $4.8 billion from fourth quarter 2018, with com-mercial and industrial loans registering the largest dollar increase from a year ago (up $155.6 billion, or 7.6 percent).

ASSET QUALITY INDICATORS REMAIN STABLE: The amount of loans that were noncurrent – 90 days or more past due or in nonaccrual status – increased by $461.6 million (0.5 percent) during the first quarter. Noncurrent balances declined for residential mortgages (down $2.2 billion, or 5 percent), but increased for commercial and indus-trial loans (up $3.3 billion, or 22.8 percent). The average noncurrent loan rate remained unchanged from the

previous quarter (0.99 percent). Net charge-offs increased by $667.8 million (5.5 percent) from a year ago, but the average net charge-off rate remained unchanged (0.50 percent).

THE NUMBER OF BANKS ON THE “PROB-LEM BANK LIST” DECLINES TO 59: The FDIC’s Problem Bank List declined from 60 to 59 during the first quarter, the lowest number of problem banks since first quarter 2007. Total assets of prob-lem banks declined from $48.5 billion in the fourth quarter to $46.7 billion. During the first quarter, merger trans-actions absorbed 43 institutions, one new charter was added, and no failures occurred.

THE DEPOSIT INSURANCE FUND’S RE-SERVE RATIO REMAINED UNCHANGED AT 1.36 PERCENT: The Deposit Insurance Fund (DIF) balance increased by $2.3 billion from the previous quarter to $104.9 billion. The increase was mainly driven by assessment income, interest income, and unrealized gains on secu-rities held by the DIF. The reserve ratio remained unchanged (1.36 percent) from the previous quarter, as strong seasonal growth in insured deposits offset the growth in DIF. •

PROTOTYPE DESIGN & ROLLOUT • BRANCH TRANSFORMATION • MAIN OFFICES/ HEADQUARTERS

Bankers Digest June 10, 2019 | 11

you are the individual best suited to this opportunity, please send us your résumé today: pkruciak@fsbuvalde.com. To view full job description, visit www.fsbuvalde.com.

CREDIT ANALYST/ADMINISTRATOR POSITION IN THE TEXAS PANHANDLE. Interstate Bank SSB in Perryton, Texas, is seeking a credit analyst. Applicants would be responsible for underwriting commercial loans as well as reviewing loans in the portfolio periodically. Candidates must have two years of commercial credit analysis experience. Position could be located in Amarillo or Perryton. To learn more and apply, please visit interstatebankssb.easyapply.co. interstatebankssb.easyapply.co. Equal Opportunity Employer.

SENIOR COMMERCIAL LENDERS. Dallas, Houston and Austin: Texas bank looking for senior commercial lenders in Dallas, Houston and Austin with five to 10 years’ experience originating C&I, CRE, SBA and deposit relationships. Could move into a leadership role. Prefer credit trained, currently producing in their market. Base salary $125–200K+, progressive incentive plan. Send résumé to apotenti@babich.com or call Anthony Potenti at 214/515-7609.

RESIDENTIAL LOAN OFFICER IN CENTRAL TEXAS. A small, locally owned independent community bank in Central Texas has an opening for a full-time loan officer with three-plus years of experience in residential mortgage lending for the bank’s loan production office. Responsibilities will include calling on real estate agents and developers, as well as the ongoing development of new credit relationships. A self-starter and team player with strong customer skills are required. Competitive benefits and salary. Please send résumé to advertising@bankersdigest.com with MAY-3 in the subject line.

SENIOR LOAN OFFICER IN WEST TEXAS. A small, locally owned independent community bank in West Texas currently has an opening for a full-time senior loan officer specializing in commercial, consumer and real

estate loans at our Alpine location. Responsibilities would include management of an existing portfolio, as well as the ongoing development of new credit relationships. Excellent customer skills and a team player are needed. Competitive benefits and salary. Please send résumés to advertising@bankersdigest.com with MAR-5 in the subject line.

BANK PRESIDENT, OKLAHOMA PANHANDLE. Must know ag lending. $130–190K, plus bonus, depending on experience. Will consider senior lender with leadership experience. Please call or send résumé to Kevin@Babich.com, 214/515-7606.

FIRST NATIONAL BANK, ALAMOGORDO, NEW MEXICO. A $350-million banking institution with a 40 percent loan-to-deposit ratio looking to purchase participations. For more information,

please contact the bank’s president, Greg Garrett, at greg.garrett@ fnb4u.com or 575/443-5262.

EXPERIENCED COMPLIANCE/IT OFFICER. $250-million community bank in West Texas is seeking an experienced individual with compliance and IT experience. Competitive salary, officer position with room for advancement, senior management position. Please send résumé to george.hansard@pcsbank.net.

$120-MILLION WEST TEXAS BANK SEEKING BANK PRESIDENT IN BIG LAKE, TEXAS. Candidate should have 10-plus years of lending with emphasis in agriculture, as well as experience in bank management. The bank is home-owned, stable and well capitalized. Attractive compensation package. Please email inquiries to Tom Burress at tburress@texasfinancialbank.com.

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B A N K E R S D I G E S T J U N E 1 0 , 2 0 1 9

A R K A N S A S Eagle Bank & Trust Co. Celebrates a Century in BusinessOn June 6, Little Rock-based EAGLE BANK & TRUST CO. celebrated its 100th anniversary. All Arkansas locations hosted celebrations throughout the anniversary week. Established in cen-tral Arkansas in 1919 as the ARKANSAS NATIONAL BANK OF HEBER SPRINGS, the company has grown to 13 full-service locations, a loan production office and eight secondary mortgage offices in four states. With assets of $400 million, the bank has remained locally owned and operated, and privately held.

The bank’s federal charter was ex-changed for a state charter in 1978 and the company was rechristened HEBER SPRINGS STATE BANK. Through the years, branches were opened in Drasco, Fair-field Bay, Greers Ferry, Heber Springs, Quitman, Rosebud and Vilonia.

Meanwhile, the FIRST STATE BANK OF SHERWOOD opened in 1967. Additional branches were subsequently opened in Sherwood, Gravel Ridge and Maumelle. In 1988, the bank changed its name to Eagle Bank & Trust Co. and opened a

new headquarters office in Little Rock. Heber Springs State Bank and Eagle Bank & Trust Co. merged in 2012, utiliz-ing the 1919 Heber Springs State Bank charter and the Eagle Bank & Trust Co. name. The company has banking and/or secondary mortgage offices in Arkansas, Idaho, Louisiana and Mississippi.

In addition to the anniversary cele-brations across Arkansas, Eagle Bank & Trust Co. associates have committed to giving back 100 hours of service within the bank’s communities. •