Coastal Bend National Bank in Corpus Christi, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 14, 1993

  • Coastal Bend National Bank in Corpus Christi, Texas (TX)
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Coastal Bend National Bank - Overview

  • General
  • FDIC Certificate #: 24047
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Corpus Christi National Bank (#3151)
    Federal Reserve ID: 961062
    Date Established: August 30, 1982
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 16763
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: August 30, 1982
    Last Structure Change Effective Date: October 14, 1993
    Last Structure Change Process Date: October 22, 1993
    Last Data Update: October 22, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 14050 Fm 624, Corpus Christi, TX 78410
    County: Nueces
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Corpus Christi, TX (#1880)
    Combined Statistical Area (CSA): Corpus Christi-Kingsville, TX (#204)
    Core Based Statistical Area (CBSA): Corpus Christi, TX (#18580)
    CBSA Metro Statistical Area: Corpus Christi, TX (#18580)
  • Financial Summary
  • Total assets: $38.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $19Total assets
  • $37,927Cash and due from depository institutions
  • $7,313Interest-bearing balances
  • $4,457Securities
  • $14,819Federal funds sold & reverse repurchase agreements
  • $4,500Net loans & leases
  • $10,181Loan loss allowance
  • $265Trading account assets
  • $0Bank premises and fixed assets
  • $573Other real estate owned
  • $142Goodwill and other intangibles
  • $399Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $37,927Total liabilities
  • $34,745Total deposits
  • $34,600Interest-bearing deposits
  • $27,754Deposits held in domestic offices
  • 34600.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $145Total equity capital
  • $145Total bank equity capital
  • $3,182Perpetual preferred stock
  • $0Common stock
  • $1,250Surplus
  • $1,650Undivided profits
  • Memoranda
  • $282Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $45Income earned, not collected on loans
  • $134Earning assets
  • $33,957Long-term assets (5+ years)
  • $1,385Average Assets, year-to-date
  • $38,134Average Assets, quarterly
  • $38,509Volatile liabilities
  • $5,338Insider loans
  • $253FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,426Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,182Total risk weighted assets
  • $13,343Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,517Total interest expense
  • $1,086Net interest income
  • $1,431Provision for loan and lease losses
  • -$165Total noninterest income
  • $374Fiduciary activities
  • $0Service charges on deposit accounts
  • $296Trading account gains & fees
  • $0Additional noninterest income
  • $78Total noninterest expense
  • $1,391Salaries and employee benefits
  • $561Premises and equipment expense
  • $191Additional noninterest expense
  • $639Pre-tax net operating income
  • $579Securities gains (losses)
  • $11Applicable income taxes
  • $201Income before extraordinary items
  • $389Extraordinary gains - net
  • $201Net income attributable to bank
  • $590Net charge-offs
  • $55Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.37%Cost of funding earning assets
  • 3.18%Net interest margin
  • 4.19%Noninterest income to earning assets
  • 1.10%Noninterest expense to earning assets
  • 4.07%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.55%Pretax return on assets
  • 2.07%Return on equity (ROE)
  • 20.83%Retained earnings to average equity (YTD only)
  • 20.83%Net charge-offs to loans
  • 0.54%Credit loss provision to net charge-offs
  • -300.00%Efficiency ratio
  • 77,064Assets per employee
  • 2.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.54%Loss allowance to noncurrent loans
  • 588.89%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.43%Net loans and leases to deposits
  • 29.42%Net loans and leases to core deposits
  • 34.79%Equity capital to assets
  • 8.39%Core capital (leverage) ratio
  • 8.38%Tier 1 risk-based capital ratio
  • 23.85%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $38,134Average earning assets
  • $2,833Average equity
  • $34,145Average loans

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