First Nb of S Padre Isl
South Padre Isla, Texas · FDIC Cert #24902
First Nb of S Padre Isl is an FDIC-insured bank (Certificate #24902) with $78M in total assets and $69M in total deposits as of the Q2 2024 Call Report. Headquartered in South Padre Isla, Texas, the bank maintains a Tier 1 capital ratio of 0.00% (Critically Undercapitalized) and a nonperforming loan ratio of 2.08%. BankHealthData assigns a composite Health Grade of C (53/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First Nb of S Padre Isl (FDIC cert 24902) is a community bank — $78M in total assets, $69M in deposits, serving the South Padre Isla, Texas area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Tier 1 capital ratio is not disclosed in the most recent Call Report — unusual but possible for new institutions or those filing under specific regulatory exemptions. Asset quality is elevated: non-performing loan ratio of 2.08% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is very high: 58.9% of assets in liquid form, well above peer norms. Very high liquidity sometimes reflects a bank still building out its loan portfolio or one operating under specific regulatory liquidity requirements.
Profitability is strong: return on assets of 2.26% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. First Nb of S Padre Isl carries a composite BankHealth grade of C (53/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: First Nb of S Padre Isl
- Total Assets
- $78M
- Total Deposits
- $69M
- Tier 1 Capital Ratio
- 0.00%
- Capital Status
- Critically Undercapitalized
- Nonperforming Loans
- 2.08%
- Liquidity Ratio
- 58.91%
- Return on Assets
- 2.26%
- Headquarters
- South Padre Isla, Texas
- FDIC Certificate
- #24902
- Health Grade
- C (53/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, First Nb of S Padre Isl holds a Tier 1 capital ratio of 0.00%. This falls below the 6% threshold regulators require, which may subject First Nb of S Padre Isl to additional regulatory scrutiny.
Key Financial Metrics
What This Means For Your Money
First Nb of S Padre Isl shows average financial health. While not alarming, its Health Score of 53/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How First Nb of S Padre Isl Compares
First Nb of S Padre Isl’s Health Score of 53 is 21 points below the Texas state average of 74 across 321 FDIC-insured banks. Its 0.00% Tier 1 capital ratio is 14.0 points below the US banking industry average near 14%. The 2.08% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 2.26% is in line with or above the national ROA benchmark of ~1.1%. Among 895 similarly-sized banks, the average Health Score is 68, meaning this bank ranks below its size cohort. Site-wide, First Nb of S Padre Isl is 17 points below the portfolio average of 70.
Frequently Asked Questions
First Nb of S Padre Isl has a Bank Health Score of C (53/100), placing it in average financial health. It holds a Tier 1 capital ratio of 0.00%, which is below the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. First Nb of S Padre Isl's Tier 1 capital ratio of 0.00% and nonperforming loan ratio of 2.08% indicate an average risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at First Nb of S Padre Isl is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #24902). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
First Nb of S Padre Isl holds $78M in total assets and $69M in total deposits. It is headquartered in South Padre Isla, Texas (FDIC Certificate #24902).
First Nb of S Padre Isl has a Tier 1 capital ratio of 0.00%, classifying it as "Critically Undercapitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 2.08%, and the return on assets is 2.26%.
Yes. First Nb of S Padre Isl is FDIC-insured (Certificate #24902). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
First Nb of S Padre Isl's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.