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

This bank is inactive as of Febuary 01, 1996

Norwest Bank Texas, Denver City in Denver City, Texas (TX)
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Norwest Bank Texas, Denver City - Overview

General
FDIC Certificate #: 16952
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Texas, National Association (#14533)
Federal Reserve ID: 635756
Date Established: November 25, 1950
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 11030
Numeric code: 21
Regulator: FDIC
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: November 25, 1950
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: 221 North Avenue B, Denver City, TX 79323
County: Yoakum
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
Financial Summary
Total assets: $51.3 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)
$16Total assets
$51,343Cash and due from depository institutions
$3,283Interest-bearing balances
$0Securities
$25,261Federal funds sold & reverse repurchase agreements
$6,355Net loans & leases
$14,672Loan loss allowance
$270Trading account assets
$0Bank premises and fixed assets
$413Other real estate owned
$0Goodwill and other intangibles
$1,359Life insurance assets
$0All other assets
$0Total liabilities and capital
$51,343Total liabilities
$47,844Total deposits
$47,555Interest-bearing deposits
$41,742Deposits held in domestic offices
47555.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$33Subordinated debt
$0All other liabilities
$256Total equity capital
$256Total bank equity capital
$3,499Perpetual preferred stock
$0Common stock
$750Surplus
$2,250Undivided profits
Memoranda
$499Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$39Income earned, not collected on loans
$530Earning assets
$46,288Long-term assets (5+ years)
$15,884Average Assets, year-to-date
$49,578Average Assets, quarterly
$51,348Volatile liabilities
$8,719Insider loans
$791FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$678Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,088Total risk weighted assets
$21,019Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,794Total interest expense
$1,671Net interest income
$2,123Provision for loan and lease losses
$50Total noninterest income
$324Fiduciary activities
$0Service charges on deposit accounts
$291Trading account gains & fees
$0Additional noninterest income
$33Total noninterest expense
$1,490Salaries and employee benefits
$515Premises and equipment expense
$151Additional noninterest expense
$824Pre-tax net operating income
$907Securities gains (losses)
-$85Applicable income taxes
$273Income before extraordinary items
$549Extraordinary gains - net
$0Net income attributable to bank
$549Net charge-offs
$21Cash dividends
$960Sale, 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
8.33%Cost of funding earning assets
3.67%Net interest margin
4.66%Noninterest income to earning assets
0.71%Noninterest expense to earning assets
3.27%Net operating income to assets
1.22%Return on assets (ROA)
1.11%Pretax return on assets
1.66%Return on equity (ROE)
17.69%Retained earnings to average equity (YTD only)
-13.24%Net charge-offs to loans
0.15%Credit loss provision to net charge-offs
238.10%Efficiency ratio
60,891Assets per employee
3.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
174.86%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
692.31%Noncurrent assets plus other real estate owned to assets
0.08%Noncurrent loans to loans
0.26%Net loans and leases to deposits
30.85%Net loans and leases to core deposits
37.75%Equity capital to assets
6.81%Core capital (leverage) ratio
6.30%Tier 1 risk-based capital ratio
14.69%Total risk-based capital ratio
Memoranda
$16Average assets
$49,578Average earning assets
$3,104Average equity
$45,532Average loans

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