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

This bank is inactive as of Febuary 01, 1996

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

General
FDIC Certificate #: 14216
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Texas, National Association (#14533)
Federal Reserve ID: 1007855
Date Established: January 01, 1900
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)
OTS Docket #: 9991
FDIC's unique #: 8876
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: April 04, 1934
Last Structure Change Effective Date: Febuary 01, 1996
Last Structure Change Process Date: Febuary 12, 1996
Last Data Update: Febuary 12, 1996
Data Source Date: April 05, 2012
Location
Address: 1401 Fourth Avenue, Canyon, TX 79015
County: Randall
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): Amarillo, TX (#320)
Core Based Statistical Area (CBSA): Amarillo, TX (#11100)
CBSA Metro Statistical Area: Amarillo, TX (#11100)
Financial Summary
Total assets: $64.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$18Total assets
$64,381Cash and due from depository institutions
$2,577Interest-bearing balances
$8Securities
$31,014Federal funds sold & reverse repurchase agreements
$6,780Net loans & leases
$21,561Loan loss allowance
$383Trading account assets
$0Bank premises and fixed assets
$866Other real estate owned
$0Goodwill and other intangibles
$1,583Life insurance assets
$0All other assets
$0Total liabilities and capital
$64,381Total liabilities
$60,074Total deposits
$59,547Interest-bearing deposits
$53,927Deposits held in domestic offices
59547.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$527Total equity capital
$527Total bank equity capital
$4,307Perpetual preferred stock
$0Common stock
$650Surplus
$650Undivided profits
Memoranda
$3,007Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$111Income earned, not collected on loans
$461Earning assets
$59,363Long-term assets (5+ years)
$26,205Average Assets, year-to-date
$65,234Average Assets, quarterly
$64,568Volatile liabilities
$7,517Insider loans
$1,600FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,944Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,532Total risk weighted assets
$32,487Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$5,077Total interest expense
$2,191Net interest income
$2,886Provision for loan and lease losses
$200Total noninterest income
$284Fiduciary activities
$0Service charges on deposit accounts
$208Trading account gains & fees
$0Additional noninterest income
$76Total noninterest expense
$1,980Salaries and employee benefits
$765Premises and equipment expense
$214Additional noninterest expense
$1,001Pre-tax net operating income
$990Securities gains (losses)
-$97Applicable income taxes
$317Income before extraordinary items
$576Extraordinary gains - net
$0Net income attributable to bank
$576Net charge-offs
$264Cash dividends
$3,845Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.41%Cost of funding earning assets
3.63%Net interest margin
4.78%Noninterest income to earning assets
0.47%Noninterest expense to earning assets
3.28%Net operating income to assets
0.98%Return on assets (ROA)
0.88%Pretax return on assets
1.37%Return on equity (ROE)
13.12%Retained earnings to average equity (YTD only)
-74.47%Net charge-offs to loans
1.16%Credit loss provision to net charge-offs
75.76%Efficiency ratio
62,461Assets per employee
3.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
667.53%Loss allowance to loans
1.75%Loss allowance to noncurrent loans
345.05%Noncurrent assets plus other real estate owned to assets
0.17%Noncurrent loans to loans
0.51%Net loans and leases to deposits
36.21%Net loans and leases to core deposits
41.44%Equity capital to assets
6.69%Core capital (leverage) ratio
5.45%Tier 1 risk-based capital ratio
10.87%Total risk-based capital ratio
Memoranda
$12Average assets
$65,234Average earning assets
$4,390Average equity
$60,372Average loans

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