The Laredo National Bank in Laredo, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 13, 2008

  • The Laredo National Bank in Laredo, Texas (TX)
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The Laredo National Bank - Overview

  • General
  • FDIC Certificate #: 3297
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Compass Bank (#19048)
    Federal Reserve ID: 800750
    Date Established: Febuary 23, 1892
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 47 (Interstate: No)
    OTS Docket #: 10658
    FDIC's unique #: 2134
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 13, 2008
    Last Structure Change Process Date: March 25, 2008
    Last Data Update: March 25, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 700 San Bernardo Avenue, Laredo, TX 78040
    County: Webb
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Laredo, TX (#4080)
    Core Based Statistical Area (CBSA): Laredo, TX (#29700)
    CBSA Metro Statistical Area: Laredo, TX (#29700)
  • Financial Summary
  • Total assets: $4,860.0 mil

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

2000 - 2011 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, 2007)

  • Dollar figures in thousands
  • 1,111Total employees (full-time equivalent)
  • $4,859,979Total assets
  • $131,646Cash and due from depository institutions
  • $2,265Interest-bearing balances
  • $1,229,204Securities
  • $156,220Federal funds sold & reverse repurchase agreements
  • $2,531,401Net loans & leases
  • $29,206Loan loss allowance
  • $0Trading account assets
  • $107,230Bank premises and fixed assets
  • $9,651Other real estate owned
  • $555,273Goodwill and other intangibles
  • $59,110Life insurance assets
  • $139,354All other assets
  • $4,859,979Total liabilities and capital
  • $3,935,206Total liabilities
  • $3,746,898Total deposits
  • $3,147,086Interest-bearing deposits
  • $3,746,898Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $116,490Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $24,575Other borrowed funds
  • $0Subordinated debt
  • $47,243All other liabilities
  • $924,773Total equity capital
  • $924,773Total bank equity capital
  • $924,773Perpetual preferred stock
  • $0Common stock
  • $6,011Surplus
  • $862,164Undivided profits
  • Memoranda
  • $56,598Noncurrent loans and leases
  • $221,235Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $20,993Earning assets
  • $414Long-term assets (5+ years)
  • $23,314Average Assets, year-to-date
  • $3,919,090Average Assets, quarterly
  • $765,059Volatile liabilities
  • $4,599,033Insider loans
  • $4,748,083FHLB advances
  • $1,884,645Loans and leases held for sale
  • $77,931Unused loan commitments
  • $24,575Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $221,235Total unused commitments
  • $2,109Restructured Loans and leases
  • $30,150Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $254,567Total interest income
  • $118,709Total interest expense
  • $135,858Net interest income
  • $8,184Provision for loan and lease losses
  • $58,417Total noninterest income
  • $480Fiduciary activities
  • $21,283Service charges on deposit accounts
  • $0Trading account gains & fees
  • $36,654Additional noninterest income
  • $117,911Total noninterest expense
  • $60,235Salaries and employee benefits
  • $16,289Premises and equipment expense
  • $41,387Additional noninterest expense
  • $68,180Pre-tax net operating income
  • $221Securities gains (losses)
  • $23,349Applicable income taxes
  • $45,052Income before extraordinary items
  • -$2,933Extraordinary gains - net
  • $42,119Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $7,129Sale, conversion, retirement of capital stock, net
  • $10,000Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.92%Yield on earning assets
  • 3.23%Cost of funding earning assets
  • 3.69%Net interest margin
  • 1.59%Noninterest income to earning assets
  • 3.21%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 0.92%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 4.67%Return on equity (ROE)
  • 3.56%Retained earnings to average equity (YTD only)
  • 0.30%Net charge-offs to loans
  • 114.80%Credit loss provision to net charge-offs
  • 10.71%Efficiency ratio
  • 55,090Assets per employee
  • 4.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.74%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 139.12%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 67.56%Net loans and leases to core deposits
  • 127.88%Equity capital to assets
  • 19.03%Core capital (leverage) ratio
  • 8.99%Tier 1 risk-based capital ratio
  • 15.00%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $4,599,033Average earning assets
  • $902,840Average equity
  • $3,678,926Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $78,697Managed Assets
  • 1Number of Accounts
  • $65,325Personal trust and agency accounts
  • $65,325Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 41Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $13,372Other retirement accounts
  • $13,243Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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