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Directors
Kirk W. Thaxton
Chairman
Sarah Campbell
Portfolio Manager
Joseph E. Canon
Executive Director, Dodge Jones Foundation
David Copeland
President, Shelton Family Foundation
Ronnie Cox
Owner, Cox Jewelry
F. Scott Dueser
President and CEO,
First Financial Bankshares, Inc.
David F. Lupton
President, Angelo Glass & Mirror Company, Inc.
Bill Parham
Parham & Parham, CPAs
Robert S. Patterson
Consultant
Advisory Directors
John L. Beckham
Beckham, Rector & Eargle, L.L.P.
Senior Officers
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Kirk
Thaxton President and
Chief Executive Officer |
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David
CastleberrySenior VP,
Stephenville |
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David
Byrd Executive VP
San Angelo |
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Konrad
Halbert Executive VP,
Fort Worth |
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Michael
Sheehan Executive VP,
Sweetwater |
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Richard
YoungExecutive VP,
Abilene |
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Barbara
HillExecutive VP,
Odessa |
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First Financial Trust & Asset Management Company N.A. |
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First Financial Trust & Asset Management Company,
N.A. achieved strong growth in revenue, income
and assets during 2010.
2010 Results
Trust fee revenue increased $1.7 million, or 19.0
percent, to $10.8 million from $9.1 million in
2009. Revenue from the management of our oil
and gas properties increased $413,000, or 55.4
percent. And net income grew $623,000 or 23.7
percent, to $3.3 million from $2.6 million in 2009.
While all six offices - in Abilene, Fort Worth,
Odessa, San Angelo, Stephenville and Sweetwater -
produced excellent revenue and income growth,
the Odessa office was a particular standout in
proffitability. Barbara Hill has done an excellent
job of making the office proffitable in just a short
period of time.
Assets at year-end totaled $1.78 billion in book
value and $2.30 billion in market value. These
levels represent increases of 7.2 percent and 9.3
percent, respectively, from 2009. The leaders in
this area were the Fort Worth office, with book
value asset growth of $58.6 million, or 75.8
percent, and the Odessa office, with asset growth
of $29.7 million or 82.7 percent.
Our dedicated team of trust professionals focus
on providing not only superior investment results
but also quality customer service at the local
level. They offer a complete range of financial
products and services, and have an average of 18
years of asset management experience.
Our experienced team of trust professionals remains committed to providing quality customer service and superior investment results.
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