Norwest Bank Texas, Alice in Alice, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 09, 1997

Norwest Bank Texas, Alice in Alice, Texas (TX)
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Norwest Bank Texas, Alice - Overview

General
FDIC Certificate #: 10326
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Norwest Bank Texas, South, National Association (#5511)
Federal Reserve ID: 342858
Date Established: January 01, 1893
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
FDIC's unique #: 6615
Numeric code: 13
Regulator: FED
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: May 09, 1997
Last Structure Change Process Date: June 03, 1997
Last Data Update: June 03, 1997
Data Source Date: April 05, 2012
Location
Address: 601 East Main Street, Alice, TX 78332
County: Jim Wells
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Kansas City
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
Financial Summary
Total assets: $162.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$72Total assets
$157,871Cash and due from depository institutions
$8,709Interest-bearing balances
$0Securities
$100,586Federal funds sold & reverse repurchase agreements
$6,495Net loans & leases
$36,737Loan loss allowance
$1,699Trading account assets
$0Bank premises and fixed assets
$3,114Other real estate owned
$0Goodwill and other intangibles
$2,230Life insurance assets
$0All other assets
$0Total liabilities and capital
$157,871Total liabilities
$147,685Total deposits
$145,207Interest-bearing deposits
$121,211Deposits held in domestic offices
145207.00%% insured (estimated)
$77Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$211Subordinated debt
$0All other liabilities
$2,267Total equity capital
$2,267Total bank equity capital
$10,186Perpetual preferred stock
$0Common stock
$1,180Surplus
$8,850Undivided profits
Memoranda
$156Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$366Income earned, not collected on loans
$312Earning assets
$143,818Long-term assets (5+ years)
$73,225Average Assets, year-to-date
$156,937Average Assets, quarterly
$156,158Volatile liabilities
$26,846Insider loans
$5,128FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,345Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,207Total risk weighted assets
$59,597Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$11,354Total interest expense
$4,233Net interest income
$7,121Provision for loan and lease losses
$339Total noninterest income
$1,707Fiduciary activities
$155Service charges on deposit accounts
$1,139Trading account gains & fees
$0Additional noninterest income
$413Total noninterest expense
$6,062Salaries and employee benefits
$2,267Premises and equipment expense
$756Additional noninterest expense
$3,039Pre-tax net operating income
$2,427Securities gains (losses)
$0Applicable income taxes
$773Income before extraordinary items
$1,654Extraordinary gains - net
$0Net income attributable to bank
$1,654Net charge-offs
$65Cash dividends
$1,850Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.78%Cost of funding earning assets
2.90%Net interest margin
4.88%Noninterest income to earning assets
1.17%Noninterest expense to earning assets
4.15%Net operating income to assets
1.05%Return on assets (ROA)
1.05%Pretax return on assets
1.55%Return on equity (ROE)
10.65%Retained earnings to average equity (YTD only)
-1.26%Net charge-offs to loans
0.16%Credit loss provision to net charge-offs
521.54%Efficiency ratio
68,668Assets per employee
2.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
111.85%Loss allowance to loans
4.42%Loss allowance to noncurrent loans
464.21%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.95%Net loans and leases to deposits
25.30%Net loans and leases to core deposits
30.98%Equity capital to assets
6.45%Core capital (leverage) ratio
6.52%Tier 1 risk-based capital ratio
17.13%Total risk-based capital ratio
Memoranda
$18Average assets
$156,937Average earning assets
$15,530Average equity
$146,019Average loans

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