FDIC Certificate #: 11166 Status: Inactive Closing history: Consolidated - Without Assistance Acquiring institution:Wells Fargo Bank Texas, National Association (#14533) Federal Reserve ID: 921365 Date Established: March 05, 1907 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 20 (Interstate: No) OTS Docket #: 11376 FDIC's unique #: 7126 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 20, 1999 Last Structure Change Process Date: March 30, 1999 Last Data Update: March 30, 1999 Data Source Date: April 05, 2012
Location
Address: 1901 South 77 Sunshine Strip, Harlingen, TX 78550 County: Cameron Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: San Francisco FDIC Field Office: Houston Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Brownsville-Harlingen-San Benito, TX (#1240) Combined Statistical Area (CSA): Brownsville-Harlingen-Raymondville, TX (#154) Core Based Statistical Area (CBSA): Brownsville-Harlingen, TX (#15180) CBSA Metro Statistical Area: Brownsville-Harlingen, TX (#15180)
Financial Summary
Total assets: $462.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
261Total employees (full-time equivalent)
$462,232Total assets
$28,623Cash and due from depository institutions
$0Interest-bearing balances
$35,430Securities
$160,300Federal funds sold & reverse repurchase agreements
$200,434Net loans & leases
$15,830Loan loss allowance
$0Trading account assets
$16,257Bank premises and fixed assets
$776Other real estate owned
$2,507Goodwill and other intangibles
$0Life insurance assets
$17,905All other assets
$462,232Total liabilities and capital
$429,646Total liabilities
$417,211Total deposits
$331,859Interest-bearing deposits
$417,211Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$40Other borrowed funds
$0Subordinated debt
$12,395All other liabilities
$32,586Total equity capital
$32,586Total bank equity capital
$32,586Perpetual preferred stock
$0Common stock
$400Surplus
$36,208Undivided profits
Memoranda
$-4,022Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6,310Earning assets
$222Long-term assets (5+ years)
$1,790Average Assets, year-to-date
$396,164Average Assets, quarterly
$19,336Volatile liabilities
$449,346Insider loans
$454,013FHLB advances
$52,848Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,511Total unused commitments
$0Restructured Loans and leases
$238,016Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$33,505Total interest income
$12,195Total interest expense
$21,310Net interest income
$0Provision for loan and lease losses
$5,601Total noninterest income
$0Fiduciary activities
$4,837Service charges on deposit accounts
$0Trading account gains & fees
$764Additional noninterest income
$20,753Total noninterest expense
$9,684Salaries and employee benefits
$3,727Premises and equipment expense
$7,342Additional noninterest expense
$6,158Pre-tax net operating income
-$35Securities gains (losses)
$2,171Applicable income taxes
$3,952Income before extraordinary items
$0Extraordinary gains - net
$3,952Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4,484Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.63%Yield on earning assets
3.14%Cost of funding earning assets
5.49%Net interest margin
1.44%Noninterest income to earning assets
5.35%Noninterest expense to earning assets
0.88%Net operating income to assets
0.88%Return on assets (ROA)
1.36%Pretax return on assets
12.78%Return on equity (ROE)
12.78%Retained earnings to average equity (YTD only)
1.84%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
1.37%Efficiency ratio
76,236Assets per employee
1.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
7.32%Loss allowance to noncurrent loans
250.87%Noncurrent assets plus other real estate owned to assets
1.53%Noncurrent loans to loans
2.92%Net loans and leases to deposits
48.04%Net loans and leases to core deposits
55.00%Equity capital to assets
7.05%Core capital (leverage) ratio
6.88%Tier 1 risk-based capital ratio
12.56%Total risk-based capital ratio
Memoranda
$14Average assets
$449,346Average earning assets
$30,914Average equity
$388,172Average loans
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