Bank of Corpus Christi in Corpus Christi, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 31, 1995

  • Bank of Corpus Christi in Corpus Christi, Texas (TX)
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Bank of Corpus Christi - Overview

  • General
  • FDIC Certificate #: 24475
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: International Bank of Commerce (#19629)
    Federal Reserve ID: 895457
    Date Established: May 16, 1983
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 11683
    FDIC's unique #: 17012
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 16, 1983
    Last Structure Change Effective Date: January 31, 1995
    Last Structure Change Process Date: Febuary 23, 1995
    Last Data Update: Febuary 23, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 221 South Shoreline Boulevard, Corpus Christi, TX 78403
    County: Nueces
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Corpus Christi, TX (#1880)
    Combined Statistical Area (CSA): Corpus Christi-Kingsville, TX (#204)
    Core Based Statistical Area (CBSA): Corpus Christi, TX (#18580)
    CBSA Metro Statistical Area: Corpus Christi, TX (#18580)
  • Financial Summary
  • Total assets: $80.5 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)
  • $35Total assets
  • $80,469Cash and due from depository institutions
  • $3,358Interest-bearing balances
  • $428Securities
  • $37,323Federal funds sold & reverse repurchase agreements
  • $7,025Net loans & leases
  • $27,646Loan loss allowance
  • $331Trading account assets
  • $0Bank premises and fixed assets
  • $3,508Other real estate owned
  • $371Goodwill and other intangibles
  • $1,238Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $80,469Total liabilities
  • $75,051Total deposits
  • $74,746Interest-bearing deposits
  • $60,936Deposits held in domestic offices
  • 74746.00%% insured (estimated)
  • $77Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $305Total equity capital
  • $305Total bank equity capital
  • $5,418Perpetual preferred stock
  • $0Common stock
  • $1,702Surplus
  • $1,702Undivided profits
  • Memoranda
  • $2,014Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $96Income earned, not collected on loans
  • $169Earning assets
  • $72,422Long-term assets (5+ years)
  • $4,802Average Assets, year-to-date
  • $79,441Average Assets, quarterly
  • $80,136Volatile liabilities
  • $10,161Insider loans
  • $456FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,472Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,676Total risk weighted assets
  • $35,173Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,957Total interest expense
  • $1,806Net interest income
  • $3,151Provision for loan and lease losses
  • -$106Total noninterest income
  • $629Fiduciary activities
  • $0Service charges on deposit accounts
  • $331Trading account gains & fees
  • $0Additional noninterest income
  • $298Total noninterest expense
  • $3,032Salaries and employee benefits
  • $1,053Premises and equipment expense
  • $406Additional noninterest expense
  • $1,573Pre-tax net operating income
  • $854Securities gains (losses)
  • $62Applicable income taxes
  • $264Income before extraordinary items
  • $652Extraordinary gains - net
  • $0Net income attributable to bank
  • $652Net charge-offs
  • -$152Cash dividends
  • $0Sale, 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
  • 7.05%Cost of funding earning assets
  • 2.57%Net interest margin
  • 4.48%Noninterest income to earning assets
  • 0.89%Noninterest expense to earning assets
  • 4.31%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 1.15%Return on equity (ROE)
  • 12.31%Retained earnings to average equity (YTD only)
  • 12.31%Net charge-offs to loans
  • -0.46%Credit loss provision to net charge-offs
  • 69.74%Efficiency ratio
  • 80,185Assets per employee
  • 2.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 344.79%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.34%Net loans and leases to deposits
  • 36.99%Net loans and leases to core deposits
  • 42.81%Equity capital to assets
  • 6.73%Core capital (leverage) ratio
  • 6.98%Tier 1 risk-based capital ratio
  • 16.14%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $79,441Average earning assets
  • $5,296Average equity
  • $70,308Average loans

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