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REPORT ITEM 1, PAGE 1Ganado Bancshares, Inc.PARENT COMPANY ONLY BALANCE SHEETSDECEMBER 31ASSETS201720162015INVESTMENTS IN SUBSIDIARY:EQUITY OF E OF NET ASSETS ACQUIRED2,130,100.002,130,100.002,130,100.00TOTAL INVESTMENT IN 4761,085.63197.41EXCESS OF COST OVER FAIRCASHFEDERAL INCOME TAXES:DUE FROM SUBSIDIARYDUE FROM IRS-DEFERREDREAL ESTATE OWNEDOTHER ASSETSTOTAL 6.701,918,811.26LIABILITIES AND STOCKHOLDERS EQUITYLIABILITIES:NOTES PAYABLEADVANCE FROM SHAREHOLDER---FEDERAL INCOME TAXES:---DUE TO SUBSIDIARY---DEFERRED---DUE TO IRS---OTHER LIABILITIESTOTAL 24,600.00)(124,600.00)(124,600.00)STOCKHOLDERS EQUITY:COMMON STOCK AT PARTREASURY STOCK AT COSTADDITIONAL PAID IN D EARNINGS2,005,712.492,343,836.152,592,516.09NET UNREALIZED GAINS (LOSSES) ONSECURITIES AVAILABLE FOR SALE(571,684.54)(461,501.05)(203,034.06)TOTAL STOCKHOLDERS' EQUITY3,137,952.953,586,260.104,093,407.03TOTAL LIABILITIES ANDSTOCKHOLDERS' EQUITY6,288,470.686,616,036.806,013,418.29check---
REPORT ITEM 1, PAGE 2Ganado Bancshares, Inc.PARENT COMPANY ONLY STATEMENT OF OPERATIONSYEARS ENDED DECEMBER 31201720162015INCOME:DIVIDENDS FROM SUBSIDIARY---INTEREST INCOME------TOTAL 94FRANCHISE TAXES---PROFESSIONAL FEES---TOTAL 5,276.00)(338,123.66)(248,679.94)(129,502.94)LOSS BEFORE INCOME TAXES ANDEQUITY IN EARNINGS OF SUBSIDIARYFEDERAL INCOME TAX BENEFIT(1,500.00)EARNINGS (LOSS) BEFORE EQUITY INUNDISTRIBUTED REPORTED EARNINGS/(LOSS)OF SUBSIDIARYEQUITY IN UNDISTRIBUTED REPORTEDEARNINGS/(LOSS) OF SUBSIDIARYNET INCOME/(LOSS)
REPORT ITEM 1, PAGE 3Ganado Bancshares, Inc.PARENT COMPANY ONLY STATEMENT OF SOURCES AND USES OF CASHYEARS ENDED DECEMBER 31201720162015SOURCES:ADVANCE FROM SHAREHOLDER3,000.00121,000.0093,000.00DIVIDENDS FROM SUBSIDIARY---INCOME TAX PAYMENTS FROM SUBSIDIARY---REFUND OF FEDERAL INCOME TAXES---SALE OF REAL ESTATE-TOTAL DERAL INCOME TAX PAYMENTSINTEREST PAID57,417.1670,396.6496,226.97REFUND TO SUBSIDIARY---PROFESSIONAL FEES---FRANCHISE TAX---TOTAL USES63,417.1670,396.6496,226.97NET SOURCES (USES) OF CASH(60,417.16)60,888.22(3,226.97)CASH AT BEGINNING OF CASH AT END OF PERIOD
REPORT ITEM 1, PAGE 4Ganado Bancshares, Inc.STATEMENT OF CHANGES IN STOCKHOLDERS EQUITYCOMMONSTOCK AT PARBalance at December 31, 201588,340.00TREASURYSTOCK 5.00RETAINEDEARNINGS2,592,516.09NET CHANGE IN GAIN (LOSS) ON AVAILABLEFOR SALE SECURITIES----TREASURY STOCK TRANSACTIONS----NET INCOME---Balance at December 31, ,343,836.15NET CHANGE IN GAIN (LOSS) ON AVAILABLEFOR SALE SECURITIES----TREASURY STOCK TRANSACTIONS----NET INCOME/(LOSS)---Balance at December 31, ,005,712.49GAIN (LOSS)AVAILABLE FORSALE 37,952.95
Report Item 22017 Organizational ChartGANADO BANCSHARES, INC.Ganado, TexasINCORPORATED IN TEXAS100.00% ownership ofThe Citizens State Bank of GanadoGanado, TXINCORPORATED IN TEXAS*Please note no entity listed has an LEI number
Results: A list of branches for your depository institution: CITIZENS STATE BANK OF GANADO, THE (ID RSSD: 317650).This depository institution is held by GANADO BANCSHARES, INC. (1133222) of GANADO, TX.The data are as of 12/31/2017. Data reflects information that was received and processed through 01/04/2018.Reconciliation and Verification Steps1. In the Data Action column of each branch row, enter one or more of the actions specified below2. If required, enter the date in the Effective Date columnActionsOK: 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 ProcedureWhen you are finished, send a saved copy to your FRB contact. See the detailed instructions on this site for more information.If you are eͲmailing this to your FRB contact, put your institution name, city and state in the subject line of the eͲmail.Note:To satisfy the FR YͲ10 reporting requirements, you must also submit FR YͲ10 Domestic Branch Schedules for each branch with a Data Action of Change, Close, Delete, or Add.The FR YͲ10 report may be submitted in a hardcopy format or via the FR YͲ10 Online application Ͳ https://y10online.federalreserve.gov.* 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 TypeOKFull Service (Head Office)OKFull ServiceBranch ID RSSD* Popular NameStreet AddressCityState317650 CITIZENS STATE BANK OF GANADO, THE 201 SOUTH 3RD STREET GANADO TX439954 EDNA BRANCH 701 N WELLS ST EDNA TXZip Code77962 77957 CountyCountryFDIC UNINUM* Office Number* Head OfficeHead Office ID RSSD* CommentsNot RequiredCITIZENS STATE BANK OF GANADO, THE 317650JACKSON UNITED STATES Not RequiredJACKSON UNITED STATES Not RequiredNot RequiredCITIZENS STATE BANK OF GANADO, THE 317650
REPORT ITEM 3Report Item 3: Shareholders of Common Stock(1) aJ. Randy StaffDallas, TX(1) b(1) cUSA65,0854,19513,135The Cox Family77.56% Outstanding**6.51% Authorized15.65% Outstanding1.31% AuthorizedGary F. CoxVictoria, TXUSA12,23514.58% Outstanding1.22% AuthorizedTravis Cox*Victoria, TXUSA4500.536% Outstanding0.045% AuthorizedLauren Cox*Victoria, TXUSA4500.536% Outstanding0.045% Authorized*- Gary Cox acts in concert, claims voting rights**-J. Randy Staff owns 4.9988% indirect shares with voting rights(1) a- Security Holder Name, City and State/Country(1) b- Country of Citizenship(1) c- Number of Securities and Percentage of each class of voting securities owned2N/A
REPORT ITEM 4Report Item 4 :Insiders:(1)James R. StaffDallas, TX(1)Gary OlsonGanado, TX(2)N/A(2)Attorney(3) aDirector & President(3) aDirector(3) bChairman and President - Citizens State Bank, Ganado, TX(3) bDirector- Citizens State Bank(3) cChairmanAmerican Bank, N.A.(a wholly owned subsidiary of ABNA Holdings, Inc.)(3) cPartner- O and J PropertiesOwner- Law Office of Gary Olson(4) a0.536%(4) a72.56% direct4.9988% indirect(4) bN/A(4) bN/A(4) c(4) cABNA Holdings, Inc- 52.66%O and J Properties- 66.6%Law Office of Gary Olson- 100%Guarranty Abstract Co- 25%(1)Dr. Gary F. CoxVictoria, TX(1)John GoforthGrapevine, TX(2)Doctor(2)Banker(3) aDirector & Vice President(3) aTreasurerGanado Bancshares, Inc.(3) bDirectorCitizens State Bank(3) bDirector/ Investment OfficerCitizens State Bank(3) cPresident and DirectorABNA Holdings Inc.(4) aN/A(4) bN/A(4) c7.26% ABNA Holdings, Inc(3) cDirector & President - Gary F. Cox, M.D., P.A., Victoria, TX50%- Cox White Oak Management, LLCPresident 50%- Morgan- White Oak Cattle Co, LLC.GFC Irrevocable Descendants Trust- TrusteeMSC Irrevocable Descendants Trust- TrusteeDirector- American Bank, N.A.Director- ABNA Holdings, Inc.(4) a14.58%(4) bN/A(4) cABNA Holdings, Inc. -38.39%Gary F Cox M.D. P.A.- 100%Morgan-White Oak Ltd.- 49%Cox White Oak Management, LLC- 50%Morgan-White Oak Cattle Co., LLC- 100%(1)- Name, city and state/country(2)- Principal Occupation(3) a- Title or Position with the bank holding company(3) b- All direct and indirect subsidiaries of the bank holding company(3) c- Any other company in which the person is a director, trustee, partner, or executive officer(4) a- Percentage of each class of voting securities owned in the bank holding company(4) b- Percentage of each class of voting securities owned in direct and indirect subsidiaries(4) c- Percentage of each class of voting securities owned in any other company
REPORT ITEM 4: INSIDERSColumn 1Report Item 4 :Insiders:The Cox Family(1)Dr. Gary F. CoxVictoria, TX(1)Travis CoxVictoria, TX(1)Lauren CoxVictoria, TX(2)Doctor(2)Attorney(2)Therapist(3) aDirector & Vice President(3) aPrincipal Securities Holder(3) aPrincipal Securities Holder(3) bDirectorCitizens State Bank(3) bN/A(3) bN/A(3) cN/A(3) cN/A(3) cDirector & President - Gary F. Cox, M.D., P.A., Victoria, TX50%- Cox White Oak Management, LLCPresident 50%- Morgan- White Oak Cattle Co, LLC.GFC Irrevocable Descendants Trust- TrusteeMSC Irrevocable Descendants Trust- TrusteeDirector- American Bank, N.A.Director- ABNA Holdings, Inc.(4) a0.536%(4) a0.536%(4) bN/A(4) bN/A(4) cN/A(4) cN/A(4) a14.58%(4) bN/A(4) cABNA Holdings, Inc. -38.39%Gary F Cox M.D. P.A.- 100%Morgan-White Oak Ltd.- 49%Cox White Oak Management, LLC- 50%Morgan-White Oak Cattle Co., LLC- 100%(1)- Name, city and state/country(2)- Principal Occupation(3) a- Title or Position with the bank holding company(3) b- All direct and indirect subsidiaries of the bank holding company(3) c- Any other company in which the person is a director, trustee, partner, or executive officer(4) a- Percentage of each class of voting securities owned in the bank holding company(4) b- Percentage of each class of voting securities owned in direct and indirect subsidiaries(4) c- Percentage of each class of voting securities owned in any other company
report item 1, page 1 ganado bancshares, inc. parent company only balance sheets december 31 assets 2017 2016 2015 investments in subsidiary: excess of cost over fair federal income taxes: due from subsidiary - - - . franchise tax - - - report item 1, page 4 ganado bancshares, inc. statement of changes in stockholders equity .
