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

This bank is inactive as of July 19, 1993

Bank of Kerrville in Kerrville, Texas (TX)
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Bank of Kerrville - Overview

General
FDIC Certificate #: 27378
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Norwest Bank Texas, Kerrville, National Association (#9013)
Federal Reserve ID: 1224830
Date Established: November 17, 1988
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 39706
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: November 17, 1988
Last Structure Change Effective Date: July 19, 1993
Last Structure Change Process Date: August 04, 1993
Last Data Update: August 04, 1993
Data Source Date: April 05, 2012
Location
Address: 200 Sidney Baker South, Kerrville, TX 78028
County: Kerr
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Austin
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Kerrville, TX (#28500)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $51.7 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$26Total assets
$52,041Cash and due from depository institutions
$5,264Interest-bearing balances
$990Securities
$19,581Federal funds sold & reverse repurchase agreements
$3,300Net loans & leases
$20,635Loan loss allowance
$768Trading account assets
$0Bank premises and fixed assets
$2,301Other real estate owned
$624Goodwill and other intangibles
$336Life insurance assets
$0All other assets
$0Total liabilities and capital
$52,041Total liabilities
$48,437Total deposits
$48,283Interest-bearing deposits
$41,177Deposits held in domestic offices
48283.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$154Total equity capital
$154Total bank equity capital
$3,604Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,000Undivided profits
Memoranda
$1,604Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$474Income earned, not collected on loans
$150Earning assets
$44,506Long-term assets (5+ years)
$4,184Average Assets, year-to-date
$49,429Average Assets, quarterly
$50,411Volatile liabilities
$2,000Insider loans
$1,121FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,243Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,604Total risk weighted assets
$24,667Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$3,865Total interest expense
$1,466Net interest income
$2,399Provision for loan and lease losses
$0Total noninterest income
$777Fiduciary activities
$0Service charges on deposit accounts
$391Trading account gains & fees
$0Additional noninterest income
$386Total noninterest expense
$2,176Salaries and employee benefits
$740Premises and equipment expense
$264Additional noninterest expense
$1,172Pre-tax net operating income
$1,000Securities gains (losses)
$102Applicable income taxes
$375Income before extraordinary items
$727Extraordinary gains - net
$375Net income attributable to bank
$1,102Net charge-offs
-$18Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.01%Cost of funding earning assets
3.42%Net interest margin
5.59%Noninterest income to earning assets
1.81%Noninterest expense to earning assets
5.07%Net operating income to assets
1.33%Return on assets (ROA)
2.23%Pretax return on assets
2.99%Return on equity (ROE)
35.25%Retained earnings to average equity (YTD only)
35.25%Net charge-offs to loans
-0.08%Credit loss provision to net charge-offs
0.00%Efficiency ratio
68,514Assets per employee
2.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.59%Loss allowance to noncurrent loans
162.03%Noncurrent assets plus other real estate owned to assets
2.11%Noncurrent loans to loans
2.21%Net loans and leases to deposits
42.74%Net loans and leases to core deposits
44.58%Equity capital to assets
6.93%Core capital (leverage) ratio
7.15%Tier 1 risk-based capital ratio
14.61%Total risk-based capital ratio
Memoranda
$16Average assets
$49,429Average earning assets
$3,127Average equity
$42,894Average loans

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