The First National Bank of Hereford in Hereford, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 25, 1995

The First National Bank of Hereford in Hereford, Texas (TX)
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The First National Bank of Hereford - Overview

General
FDIC Certificate #: 3252
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: FirstBank Southwest (#3387)
Federal Reserve ID: 58458
Date Established: October 23, 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)
FDIC's unique #: 2100
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: August 25, 1995
Last Structure Change Process Date: August 31, 1995
Last Data Update: August 31, 1995
Data Source Date: April 05, 2012
Location
Address: 300 North Main Street, Hereford, TX 79045
County: Deaf Smith
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): Hereford, TX (#25820)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $84.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$31Total assets
$88,707Cash and due from depository institutions
$7,021Interest-bearing balances
$0Securities
$25,246Federal funds sold & reverse repurchase agreements
$7,500Net loans & leases
$44,039Loan loss allowance
$597Trading account assets
$0Bank premises and fixed assets
$2,251Other real estate owned
$67Goodwill and other intangibles
$2,583Life insurance assets
$0All other assets
$0Total liabilities and capital
$88,707Total liabilities
$78,699Total deposits
$76,716Interest-bearing deposits
$56,881Deposits held in domestic offices
76716.00%% insured (estimated)
$72Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$460Subordinated debt
$0All other liabilities
$1,523Total equity capital
$1,523Total bank equity capital
$10,008Perpetual preferred stock
$0Common stock
$1,000Surplus
$4,000Undivided profits
Memoranda
$5,008Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$11Income earned, not collected on loans
$1,021Earning assets
$76,785Long-term assets (5+ years)
$1,110Average Assets, year-to-date
$89,392Average Assets, quarterly
$86,297Volatile liabilities
$15,447Insider loans
$1,388FHLB advances
$0Loans and leases held for sale
$109Unused loan commitments
$28,432Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,248Total risk weighted assets
$54,437Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$5,911Total interest expense
$1,834Net interest income
$4,077Provision for loan and lease losses
-$200Total noninterest income
$381Fiduciary activities
$0Service charges on deposit accounts
$279Trading account gains & fees
$0Additional noninterest income
$102Total noninterest expense
$2,414Salaries and employee benefits
$1,268Premises and equipment expense
$299Additional noninterest expense
$847Pre-tax net operating income
$2,244Securities gains (losses)
-$6Applicable income taxes
$762Income before extraordinary items
$1,476Extraordinary gains - net
$0Net income attributable to bank
$1,476Net charge-offs
-$129Cash dividends
$1,000Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.52%Cost of funding earning assets
2.33%Net interest margin
5.19%Noninterest income to earning assets
0.48%Noninterest expense to earning assets
3.07%Net operating income to assets
1.66%Return on assets (ROA)
1.65%Pretax return on assets
2.50%Return on equity (ROE)
14.46%Retained earnings to average equity (YTD only)
4.66%Net charge-offs to loans
-0.28%Credit loss provision to net charge-offs
155.04%Efficiency ratio
54,150Assets per employee
2.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
67.75%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
5427.27%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.02%Net loans and leases to deposits
57.41%Net loans and leases to core deposits
71.34%Equity capital to assets
11.28%Core capital (leverage) ratio
11.98%Tier 1 risk-based capital ratio
18.83%Total risk-based capital ratio
Memoranda
$20Average assets
$89,392Average earning assets
$10,208Average equity
$78,565Average loans

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