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

This bank is inactive as of October 02, 2000

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

General
FDIC Certificate #: 3385
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: West Texas National Bank (#16896)
Federal Reserve ID: 724360
Date Established: June 28, 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)
FDIC's unique #: 2201
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: October 02, 2000
Last Structure Change Process Date: November 30, 2000
Last Data Update: November 30, 2000
Data Source Date: April 05, 2012
Location
Address: 112 East Sixth Street, Pecos, TX 79772
County: Reeves
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Albuquerque
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Pecos, TX (#37780)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $84.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1999)

Dollar figures in thousands
40Total employees (full-time equivalent)
$85,741Total assets
$7,144Cash and due from depository institutions
$0Interest-bearing balances
$46,152Securities
$2,900Federal funds sold & reverse repurchase agreements
$25,269Net loans & leases
$784Loan loss allowance
$0Trading account assets
$808Bank premises and fixed assets
$0Other real estate owned
$2,240Goodwill and other intangibles
$0Life insurance assets
$1,228All other assets
$85,741Total liabilities and capital
$78,682Total liabilities
$78,020Total deposits
$62,419Interest-bearing deposits
$78,020Deposits held in domestic offices
0.00%% insured (estimated)
$400Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$262All other liabilities
$7,059Total equity capital
$7,059Total bank equity capital
$7,059Perpetual preferred stock
$0Common stock
$1,000Surplus
$3,275Undivided profits
Memoranda
$2,784Noncurrent loans and leases
$3,619Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,533Earning assets
$164Long-term assets (5+ years)
$333Average Assets, year-to-date
$74,321Average Assets, quarterly
$29,644Volatile liabilities
$88,158Insider loans
$85,359FHLB advances
$13,608Loans and leases held for sale
$4,734Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,619Total unused commitments
$0Restructured Loans and leases
$481Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$5,401Total interest income
$2,543Total interest expense
$2,858Net interest income
$590Provision for loan and lease losses
$500Total noninterest income
$0Fiduciary activities
$459Service charges on deposit accounts
$0Trading account gains & fees
$41Additional noninterest income
$2,449Total noninterest expense
$1,087Salaries and employee benefits
$270Premises and equipment expense
$1,092Additional noninterest expense
$319Pre-tax net operating income
-$2Securities gains (losses)
$19Applicable income taxes
$298Income before extraordinary items
$0Extraordinary gains - net
$298Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$489Sale, conversion, retirement of capital stock, net
$200Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.88%Yield on earning assets
3.24%Cost of funding earning assets
3.64%Net interest margin
0.64%Noninterest income to earning assets
3.12%Noninterest expense to earning assets
0.34%Net operating income to assets
0.34%Return on assets (ROA)
0.36%Pretax return on assets
4.08%Return on equity (ROE)
1.34%Retained earnings to average equity (YTD only)
1.76%Net charge-offs to loans
120.65%Credit loss provision to net charge-offs
1.86%Efficiency ratio
70,101Assets per employee
2.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
67.11%Loss allowance to loans
3.01%Loss allowance to noncurrent loans
51.14%Noncurrent assets plus other real estate owned to assets
1.79%Noncurrent loans to loans
5.88%Net loans and leases to deposits
32.39%Net loans and leases to core deposits
38.99%Equity capital to assets
8.23%Core capital (leverage) ratio
7.32%Tier 1 risk-based capital ratio
16.07%Total risk-based capital ratio
Memoranda
$17Average assets
$88,158Average earning assets
$7,302Average equity
$78,557Average loans

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