AUSTIN, Texas, Oct. 22 /PRNewswire/ -- On October 21, 1997, the Board of
Directors of First Victoria National Bank declared a cash dividend of $.25 per
share for shareholders of record on October 30, 1997, payable on November 13,
1997.
Net income for the third quarter of 1997 was approximately $1,133,000
compared to approximately $970,000 for 1996. Earnings per share were $.48 for
the third quarter of 1997 compared to $.41 for the same period in 1996.
For the nine months ended September 30, 1997, net income was approximately
$3.81 million compared to $2.95 million for the same period in 1996. Earnings
per share were $1.61 for the nine months ended September 30, 1997 and $1.24
for the same period in 1996.
The Bank's equity capital at September 30, 1997 was approximately $55.5
million, compared to $53.0 million at December 31, 1996. The Bank's equity
capital ratio of 12.42% and risk-based capital ratio of 21.57% as of September
30, 1997 remain well in excess of regulatory requirements. At September 30,
1997, total assets were approximately $454 million, while deposits totaled
approximately $374 million. The Bank's allowance for loan and lease losses at
September 30, 1997 continues to remain strong with reserves at approximately
$2.85 million or 1.16% of total loans and leases.
SOURCE First Victoria National Bank
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CONTACT:
Beverly Kahanek, Vice President & Marketing
Officer of First Victoria National Bank, 512/572-6555
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