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A brief history of First State Bank Graham.

Chartered in 1983, First State Bank opened for business on May 26 in Woodson, Texas. The first officers of the bank were Jay Gober, President, and Bobbie Parker as Cashier. The first directors of the bank were Bobby Joe Davis, B.W. Dickie, Jay Gober, Charles Gober, Don Owen, W.E. Harper, and George Harvick.

In September of 1990, First State Bank opened its second location in Throckmorton, Texas and in May of 1991 opened its new facility in Graham, Texas which would become the main bank with the Throckmorton and Woodson banks becoming branches. The Possum Kingdom Branch joined our banking family in December of 2000.

First State Bank has grown from a 'start up' with two employees to our current $150,000,000 asset size with thirty-one employees and four banking facilities. Our success has been due to professional and friendly employees who make banking a pleasant experience for our many customers.

Our current Board of Directors are Charles Gober, Jay Gober, W.E. Harper, Tot Richards, Barry T. Gober, and Jim Underwood.

Statement of Condition

Assets
Cash and due from bank $66,609,068
U.S. Government Bond and Securities $2,000,000
Federal Funds Sold $0
Loans (Net) $67,340,181
Premises and Equipment (Net) $921,708
Other Real Estate Owned $242,420
Other Assets $3,854,172
Total Assets$140,967,549
Liabilities and Stockholders Equity:
Demand Deposits $41,336,895
Time Deposits $77,993,934
Total Deposits $119,330,829
Federal Funds Purchased $0
FHLB Advances $9,286,618
Other Liabilities $633,172
Total Liabilities $129,790,619
Common Stock $412,500
Surplus $5,587,500
Undivided Profits $5,176,930
Total Stockholders Equity $11,176,930
Total Liabilities and Stockholders Equity$140,967,549

Officers and Directors

OfficersTitle
Jay M. Gober Chairman and CEO
Jim Underwood SR. Executive Vice President
Barry Gober Executive Vice President
Mickey Schoenhals COO
Kathy Bailes Vice President
Kelli Horry Vice President
Kevin Winters Vice President
Janice Davis Compliance Officer
Morgan Cox Assistant Cashier
Gloria Sims Assistant Cashier
Bettie McQuinn Assistant Cashier

DirectorsTitle
Jay M. Gober Chairman
Charles R. Gober Director
W. E. Harper Director
Tot S. Richards Director
Jim Underwood Director
Barry T. Gober Director