Bank of the West in San Angelo, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1995

Bank of the West in San Angelo, Texas (TX)
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Bank of the West - Overview

General
FDIC Certificate #: 18573
Status: Inactive
Closing history: Corrections
Acquiring institution: Boatmen's First National Bank of Amarillo (#3072)
Federal Reserve ID: 674465
Date Established: July 30, 1962
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 12461
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: July 30, 1962
Last Structure Change Effective Date: April 01, 1995
Last Structure Change Process Date: April 13, 1995
Last Data Update: April 27, 1995
Data Source Date: April 05, 2012
Location
Address: 2909 Sherwood Way, San Angelo, TX 76901
County: Tom Green
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
Metropolitan Statistical Area (MSA): San Angelo, TX (#7200)
Core Based Statistical Area (CBSA): San Angelo, TX (#41660)
CBSA Metro Statistical Area: San Angelo, TX (#41660)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $141.3 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)
$71Total assets
$144,338Cash and due from depository institutions
$7,104Interest-bearing balances
$0Securities
$54,718Federal funds sold & reverse repurchase agreements
$5,300Net loans & leases
$72,485Loan loss allowance
$1,100Trading account assets
$0Bank premises and fixed assets
$2,096Other real estate owned
$183Goodwill and other intangibles
$2,452Life insurance assets
$0All other assets
$0Total liabilities and capital
$144,338Total liabilities
$132,737Total deposits
$132,006Interest-bearing deposits
$109,382Deposits held in domestic offices
132006.00%% insured (estimated)
$84Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$126Subordinated debt
$0All other liabilities
$605Total equity capital
$605Total bank equity capital
$11,601Perpetual preferred stock
$0Common stock
$1,500Surplus
$2,500Undivided profits
Memoranda
$7,601Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$212Income earned, not collected on loans
$675Earning assets
$132,503Long-term assets (5+ years)
$7,879Average Assets, year-to-date
$140,958Average Assets, quarterly
$143,285Volatile liabilities
$26,383Insider loans
$1,581FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$12,248Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,346Total risk weighted assets
$82,495Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$9,960Total interest expense
$3,594Net interest income
$6,366Provision for loan and lease losses
$0Total noninterest income
$1,775Fiduciary activities
$291Service charges on deposit accounts
$823Trading account gains & fees
$0Additional noninterest income
$661Total noninterest expense
$4,573Salaries and employee benefits
$2,601Premises and equipment expense
$494Additional noninterest expense
$1,478Pre-tax net operating income
$3,568Securities gains (losses)
-$663Applicable income taxes
$972Income before extraordinary items
$1,933Extraordinary gains - net
$0Net income attributable to bank
$1,933Net charge-offs
$154Cash dividends
$800Sale, 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
7.69%Cost of funding earning assets
2.77%Net interest margin
4.91%Noninterest income to earning assets
1.37%Noninterest expense to earning assets
3.53%Net operating income to assets
1.69%Return on assets (ROA)
1.37%Pretax return on assets
2.06%Return on equity (ROE)
17.27%Retained earnings to average equity (YTD only)
10.12%Net charge-offs to loans
0.22%Credit loss provision to net charge-offs
0.00%Efficiency ratio
56,172Assets per employee
2.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.39%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
518.87%Noncurrent assets plus other real estate owned to assets
0.27%Noncurrent loans to loans
0.29%Net loans and leases to deposits
54.91%Net loans and leases to core deposits
68.63%Equity capital to assets
8.04%Core capital (leverage) ratio
8.53%Tier 1 risk-based capital ratio
14.97%Total risk-based capital ratio
Memoranda
$16Average assets
$140,958Average earning assets
$11,191Average equity
$129,541Average loans

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