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

This bank is inactive as of June 13, 1997

Norwest Bank Texas, Kerrville, National Association in Kerrville, Texas (TX)
Show street view No street view available for this location

Norwest Bank Texas, Kerrville, National Association - Overview

General
FDIC Certificate #: 9013
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Norwest Bank Texas, South, National Association (#5511)
Federal Reserve ID: 869757
Date Established: January 01, 1907
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 10969
FDIC's unique #: 5755
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: January 01, 1934
Last Structure Change Effective Date: June 13, 1997
Last Structure Change Process Date: June 23, 1997
Last Data Update: June 23, 1997
Data Source Date: April 05, 2012
Location
Address: 301 Junction Highway, Kerrville, TX 78028
County: Kerr
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Kansas City
FDIC Field Office: Austin
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Kerrville, TX (#28500)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $230.3 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)
$80Total assets
$230,774Cash and due from depository institutions
$12,047Interest-bearing balances
$13Securities
$105,941Federal funds sold & reverse repurchase agreements
$10,050Net loans & leases
$87,538Loan loss allowance
$3,823Trading account assets
$0Bank premises and fixed assets
$5,908Other real estate owned
$0Goodwill and other intangibles
$9,290Life insurance assets
$0All other assets
$0Total liabilities and capital
$230,774Total liabilities
$214,338Total deposits
$207,782Interest-bearing deposits
$174,803Deposits held in domestic offices
207782.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$738Subordinated debt
$0All other liabilities
$5,818Total equity capital
$5,818Total bank equity capital
$16,436Perpetual preferred stock
$0Common stock
$2,500Surplus
$10,609Undivided profits
Memoranda
$3,327Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$315Income earned, not collected on loans
$699Earning assets
$203,542Long-term assets (5+ years)
$85,980Average Assets, year-to-date
$216,708Average Assets, quarterly
$223,295Volatile liabilities
$12,816Insider loans
$457FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$16,844Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$15,742Total risk weighted assets
$123,912Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$16,409Total interest expense
$5,809Net interest income
$10,600Provision for loan and lease losses
$0Total noninterest income
$2,779Fiduciary activities
$1,013Service charges on deposit accounts
$1,183Trading account gains & fees
$0Additional noninterest income
$583Total noninterest expense
$8,656Salaries and employee benefits
$2,907Premises and equipment expense
$798Additional noninterest expense
$4,951Pre-tax net operating income
$4,723Securities gains (losses)
$0Applicable income taxes
$1,214Income before extraordinary items
$3,509Extraordinary gains - net
$0Net income attributable to bank
$3,509Net charge-offs
-$1,045Cash dividends
$2,250Sale, 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
8.39%Cost of funding earning assets
2.97%Net interest margin
5.42%Noninterest income to earning assets
1.42%Noninterest expense to earning assets
4.42%Net operating income to assets
1.62%Return on assets (ROA)
1.62%Pretax return on assets
2.18%Return on equity (ROE)
22.65%Retained earnings to average equity (YTD only)
8.13%Net charge-offs to loans
-1.13%Credit loss provision to net charge-offs
0.00%Efficiency ratio
64,698Assets per employee
2.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
64.12%Loss allowance to loans
4.18%Loss allowance to noncurrent loans
1213.65%Noncurrent assets plus other real estate owned to assets
0.14%Noncurrent loans to loans
0.34%Net loans and leases to deposits
42.13%Net loans and leases to core deposits
44.73%Equity capital to assets
7.12%Core capital (leverage) ratio
7.21%Tier 1 risk-based capital ratio
12.70%Total risk-based capital ratio
Memoranda
$14Average assets
$216,708Average earning assets
$15,491Average equity
$195,637Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Norwest Bank Texas, Kerrville, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.