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

This bank is inactive as of Febuary 01, 1996

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

General
FDIC Certificate #: 18846
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Texas, National Association (#14533)
Federal Reserve ID: 11864
Date Established: August 01, 1963
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
OTS Docket #: 9935
FDIC's unique #: 12702
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: August 01, 1963
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: 205 West Fifth Street, Plainview, TX 79072
County: Hale
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): Plainview, TX (#38380)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $136.2 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$48Total assets
$136,198Cash and due from depository institutions
$12,755Interest-bearing balances
$0Securities
$59,491Federal funds sold & reverse repurchase agreements
$11,330Net loans & leases
$47,410Loan loss allowance
$1,168Trading account assets
$0Bank premises and fixed assets
$1,504Other real estate owned
$0Goodwill and other intangibles
$3,708Life insurance assets
$0All other assets
$0Total liabilities and capital
$136,198Total liabilities
$128,622Total deposits
$127,995Interest-bearing deposits
$97,955Deposits held in domestic offices
127995.00%% insured (estimated)
$78Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$4Subordinated debt
$0All other liabilities
$623Total equity capital
$623Total bank equity capital
$7,576Perpetual preferred stock
$0Common stock
$513Surplus
$2,513Undivided profits
Memoranda
$4,550Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$445Income earned, not collected on loans
$1,117Earning assets
$118,231Long-term assets (5+ years)
$23,910Average Assets, year-to-date
$129,126Average Assets, quarterly
$131,425Volatile liabilities
$11,539Insider loans
$1,740FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$14,279Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,924Total risk weighted assets
$68,104Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$9,221Total interest expense
$3,779Net interest income
$5,442Provision for loan and lease losses
$0Total noninterest income
$1,289Fiduciary activities
$285Service charges on deposit accounts
$843Trading account gains & fees
$0Additional noninterest income
$161Total noninterest expense
$4,273Salaries and employee benefits
$1,421Premises and equipment expense
$381Additional noninterest expense
$2,471Pre-tax net operating income
$2,458Securities gains (losses)
-$430Applicable income taxes
$674Income before extraordinary items
$1,354Extraordinary gains - net
$0Net income attributable to bank
$1,354Net charge-offs
$35Cash dividends
$2,810Sale, 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
7.93%Cost of funding earning assets
3.25%Net interest margin
4.68%Noninterest income to earning assets
1.11%Noninterest expense to earning assets
3.67%Net operating income to assets
1.27%Return on assets (ROA)
1.05%Pretax return on assets
1.57%Return on equity (ROE)
19.02%Retained earnings to average equity (YTD only)
-20.45%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
0.00%Efficiency ratio
63,482Assets per employee
2.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
207.53%Loss allowance to loans
2.40%Loss allowance to noncurrent loans
262.47%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.92%Net loans and leases to deposits
37.04%Net loans and leases to core deposits
40.71%Equity capital to assets
5.56%Core capital (leverage) ratio
5.62%Tier 1 risk-based capital ratio
10.17%Total risk-based capital ratio
Memoranda
$11Average assets
$129,126Average earning assets
$7,119Average equity
$116,309Average loans

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