New First City, Texas - Alice, National Association in Alice, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 13, 1993

New First City, Texas - Alice, National Association in Alice, Texas (TX)
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New First City, Texas - Alice, National Association - Overview

General
FDIC Certificate #: 33712
Status: Inactive
Closing history: Corrections
Acquiring institution: Norwest Bank Texas, Alice (#10326)
Federal Reserve ID: 1998793
Date Established: October 30, 1992
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 #: 47824
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: October 30, 1992
Last Structure Change Effective Date: Febuary 13, 1993
Last Structure Change Process Date: Febuary 25, 1993
Last Data Update: August 25, 1994
Data Source Date: April 05, 2012
Location
Address: East Main Street, Alice, TX 78332
County: Jim Wells
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
Core Based Statistical Area (CBSA): Alice, TX (#10860)
CBSA Micro Statistical Area: Yes
History of Changes
Bridge Bank Merger
Corrections
Financial Summary
Total assets: $114.3 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$60Total assets
$114,299Cash and due from depository institutions
$4,387Interest-bearing balances
$0Securities
$20,741Federal funds sold & reverse repurchase agreements
$48,340Net loans & leases
$34,692Loan loss allowance
$830Trading account assets
$0Bank premises and fixed assets
$4Other real estate owned
$37Goodwill and other intangibles
$6,098Life insurance assets
$0All other assets
$0Total liabilities and capital
$114,299Total liabilities
$114,338Total deposits
$104,279Interest-bearing deposits
$92,630Deposits held in domestic offices
104279.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$10,059Total equity capital
$10,059Total bank equity capital
$-39Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$-39Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,063Income earned, not collected on loans
$289Earning assets
$103,773Long-term assets (5+ years)
$1,230Average Assets, year-to-date
$114,299Average Assets, quarterly
$114,299Volatile liabilities
$19,359Insider loans
$89FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,769Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$-39Total risk weighted assets
$51,081Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$1,075Total interest expense
$585Net interest income
$490Provision for loan and lease losses
$0Total noninterest income
$183Fiduciary activities
$0Service charges on deposit accounts
$155Trading account gains & fees
$0Additional noninterest income
$28Total noninterest expense
$600Salaries and employee benefits
$256Premises and equipment expense
$94Additional noninterest expense
$250Pre-tax net operating income
$73Securities gains (losses)
-$112Applicable income taxes
$0Income before extraordinary items
-$39Extraordinary gains - net
$0Net income attributable to bank
-$39Net charge-offs
$115Cash 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
1.04%Cost of funding earning assets
0.56%Net interest margin
0.47%Noninterest income to earning assets
0.18%Noninterest expense to earning assets
0.58%Net operating income to assets
0.06%Return on assets (ROA)
-0.03%Pretax return on assets
-0.03%Return on equity (ROE)
100.00%Retained earnings to average equity (YTD only)
100.00%Net charge-offs to loans
0.32%Credit loss provision to net charge-offs
0.00%Efficiency ratio
89,153Assets per employee
1.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.34%Loss allowance to noncurrent loans
78.08%Noncurrent assets plus other real estate owned to assets
0.96%Noncurrent loans to loans
2.99%Net loans and leases to deposits
33.27%Net loans and leases to core deposits
40.85%Equity capital to assets
-0.03%Core capital (leverage) ratio
-0.03%Tier 1 risk-based capital ratio
-0.08%Total risk-based capital ratio
Memoranda
-$0Average assets
$114,299Average earning assets
-$39Average equity
$103,773Average loans

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