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

This bank is inactive as of Febuary 13, 1993

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

  • General
  • FDIC Certificate #: 33726
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Texas Commerce Bank-Midland, National Association (#25728)
    Federal Reserve ID: 1998896
    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 #: 47838
    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 23, 1993
    Last Data Update: August 25, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 West Texas Avenue, Midland, TX 79701
    County: Midland
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Odessa-Midland, TX (#5800)
    Combined Statistical Area (CSA): Midland-Odessa, TX (#372)
    Core Based Statistical Area (CBSA): Midland, TX (#33260)
    CBSA Metro Statistical Area: Midland, TX (#33260)
  • History of Changes
  • Bridge Bank Merger
    Corrections
  • Financial Summary
  • Total assets: $296.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $123Total assets
  • $296,548Cash and due from depository institutions
  • $22,772Interest-bearing balances
  • $0Securities
  • $10,894Federal funds sold & reverse repurchase agreements
  • $118,350Net loans & leases
  • $142,977Loan loss allowance
  • $1,211Trading account assets
  • $0Bank premises and fixed assets
  • $51Other real estate owned
  • $0Goodwill and other intangibles
  • $1,504Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $296,548Total liabilities
  • $296,481Total deposits
  • $281,028Interest-bearing deposits
  • $240,758Deposits held in domestic offices
  • 281028.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,105Subordinated debt
  • $0All other liabilities
  • $14,348Total equity capital
  • $14,348Total bank equity capital
  • $67Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $67Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,663Income earned, not collected on loans
  • $510Earning assets
  • $272,221Long-term assets (5+ years)
  • $1,391Average Assets, year-to-date
  • $296,548Average Assets, quarterly
  • $296,548Volatile liabilities
  • $34,011Insider loans
  • $209FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $23,287Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $67Total risk weighted assets
  • $170,402Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,891Total interest expense
  • $1,594Net interest income
  • $1,297Provision for loan and lease losses
  • $0Total noninterest income
  • $721Fiduciary activities
  • $429Service charges on deposit accounts
  • $228Trading account gains & fees
  • $0Additional noninterest income
  • $64Total noninterest expense
  • $1,828Salaries and employee benefits
  • $699Premises and equipment expense
  • $224Additional noninterest expense
  • $905Pre-tax net operating income
  • $190Securities gains (losses)
  • -$123Applicable income taxes
  • $0Income before extraordinary items
  • $67Extraordinary gains - net
  • $0Net income attributable to bank
  • $67Net charge-offs
  • $961Cash 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
  • 1.06%Cost of funding earning assets
  • 0.59%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 0.26%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.06%Return on assets (ROA)
  • 0.02%Pretax return on assets
  • 0.02%Return on equity (ROE)
  • 100.00%Retained earnings to average equity (YTD only)
  • 100.00%Net charge-offs to loans
  • 0.67%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 90,585Assets per employee
  • 2.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.84%Loss allowance to noncurrent loans
  • 45.48%Noncurrent assets plus other real estate owned to assets
  • 0.90%Noncurrent loans to loans
  • 1.85%Net loans and leases to deposits
  • 50.88%Net loans and leases to core deposits
  • 57.62%Equity capital to assets
  • 0.02%Core capital (leverage) ratio
  • 0.02%Tier 1 risk-based capital ratio
  • 0.04%Total risk-based capital ratio
  • Memoranda
  • $0Average assets
  • $296,548Average earning assets
  • $67Average equity
  • $272,221Average loans

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