Norwest Bank, Texas, Big Spring, National Association in Big Spring, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 24, 1997

Norwest Bank, Texas, Big Spring, National Association in Big Spring, Texas (TX)
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Norwest Bank, Texas, Big Spring, National Association - Overview

General
FDIC Certificate #: 13839
Status: Inactive
Closing history: Consolidated - Without Assistance
Acquiring institution: Wells Fargo Bank Texas, National Association (#14533)
Federal Reserve ID: 34256
Date Established: Febuary 02, 1934
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 #: 8652
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: Febuary 05, 1934
Last Structure Change Effective Date: January 24, 1997
Last Structure Change Process Date: Febuary 04, 1997
Last Data Update: Febuary 04, 1997
Data Source Date: April 05, 2012
Location
Address: 400 Main Street, Big Spring, TX 79720
County: Howard
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
Core Based Statistical Area (CBSA): Big Spring, TX (#13700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $221.8 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)
$36Total assets
$221,811Cash and due from depository institutions
$6,794Interest-bearing balances
$0Securities
$37,928Federal funds sold & reverse repurchase agreements
$99,235Net loans & leases
$72,243Loan loss allowance
$1,590Trading account assets
$0Bank premises and fixed assets
$1,696Other real estate owned
$63Goodwill and other intangibles
$3,852Life insurance assets
$0All other assets
$0Total liabilities and capital
$221,811Total liabilities
$209,759Total deposits
$206,777Interest-bearing deposits
$184,073Deposits held in domestic offices
206777.00%% insured (estimated)
$63Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$2,982Total equity capital
$2,982Total bank equity capital
$12,052Perpetual preferred stock
$0Common stock
$2,420Surplus
$10,550Undivided profits
Memoranda
$-918Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$915Income earned, not collected on loans
$660Earning assets
$209,406Long-term assets (5+ years)
$3,994Average Assets, year-to-date
$218,366Average Assets, quarterly
$216,187Volatile liabilities
$79,836Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,388Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$11,823Total risk weighted assets
$63,161Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$12,311Total interest expense
$7,866Net interest income
$4,445Provision for loan and lease losses
$1,753Total noninterest income
$923Fiduciary activities
$0Service charges on deposit accounts
$453Trading account gains & fees
$0Additional noninterest income
$470Total noninterest expense
$5,076Salaries and employee benefits
$1,388Premises and equipment expense
$436Additional noninterest expense
$3,252Pre-tax net operating income
-$1,461Securities gains (losses)
$0Applicable income taxes
-$696Income before extraordinary items
-$765Extraordinary gains - net
$0Net income attributable to bank
-$765Net charge-offs
$2,831Cash dividends
$0Sale, 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
6.03%Cost of funding earning assets
3.86%Net interest margin
2.18%Noninterest income to earning assets
0.45%Noninterest expense to earning assets
2.49%Net operating income to assets
-0.35%Return on assets (ROA)
-0.35%Pretax return on assets
-0.67%Return on equity (ROE)
-4.32%Retained earnings to average equity (YTD only)
-4.32%Net charge-offs to loans
6.24%Credit loss provision to net charge-offs
61.92%Efficiency ratio
94,560Assets per employee
6.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.15%Loss allowance to noncurrent loans
173.77%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
1.24%Net loans and leases to deposits
34.94%Net loans and leases to core deposits
56.91%Equity capital to assets
5.43%Core capital (leverage) ratio
5.47%Tier 1 risk-based capital ratio
18.72%Total risk-based capital ratio
Memoranda
$20Average assets
$218,366Average earning assets
$17,693Average equity
$204,029Average loans

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