FirstBank Southwest in Amarillo, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 25, 1995

FirstBank Southwest in Amarillo, Texas (TX)
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FirstBank Southwest - Overview

General
FDIC Certificate #: 17473
Status: Inactive
Closing history: Corrections
Acquiring institution: FirstBank Southwest (#3387)
Federal Reserve ID: 357759
Date Established: August 01, 1955
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 11458
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: August 01, 1955
Last Structure Change Effective Date: August 25, 1995
Last Structure Change Process Date: August 31, 1995
Last Data Update: August 31, 1995
Data Source Date: April 05, 2012
Location
Address: 2201 Civic Circle, Amarillo, TX 79109
County: Potter
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): Amarillo, TX (#320)
Core Based Statistical Area (CBSA): Amarillo, TX (#11100)
CBSA Metro Statistical Area: Amarillo, TX (#11100)
History of Changes
Absorption - Without Assistance
Corrections
Financial Summary
Total assets: $115.3 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)
$54Total assets
$121,105Cash and due from depository institutions
$6,917Interest-bearing balances
$4Securities
$56,547Federal funds sold & reverse repurchase agreements
$3,500Net loans & leases
$47,904Loan loss allowance
$1,362Trading account assets
$0Bank premises and fixed assets
$805Other real estate owned
$0Goodwill and other intangibles
$2,914Life insurance assets
$2,518All other assets
$0Total liabilities and capital
$121,105Total liabilities
$111,060Total deposits
$108,787Interest-bearing deposits
$85,731Deposits held in domestic offices
108787.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$100Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$2,173Total equity capital
$2,173Total bank equity capital
$10,045Perpetual preferred stock
$0Common stock
$1,100Surplus
$9,854Undivided profits
Memoranda
$-909Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$680Income earned, not collected on loans
$610Earning assets
$107,955Long-term assets (5+ years)
$3,054Average Assets, year-to-date
$123,551Average Assets, quarterly
$120,862Volatile liabilities
$8,735Insider loans
$1,738FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$36,809Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,937Total risk weighted assets
$59,306Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$6,861Total interest expense
$2,952Net interest income
$3,909Provision for loan and lease losses
$975Total noninterest income
$714Fiduciary activities
$19Service charges on deposit accounts
$592Trading account gains & fees
$0Additional noninterest income
$103Total noninterest expense
$3,959Salaries and employee benefits
$1,718Premises and equipment expense
$664Additional noninterest expense
$1,577Pre-tax net operating income
-$311Securities gains (losses)
-$20Applicable income taxes
-$44Income before extraordinary items
-$287Extraordinary gains - net
$0Net income attributable to bank
-$287Net charge-offs
$887Cash 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
6.19%Cost of funding earning assets
2.66%Net interest margin
3.53%Noninterest income to earning assets
0.64%Noninterest expense to earning assets
3.57%Net operating income to assets
-0.22%Return on assets (ROA)
-0.23%Pretax return on assets
-0.27%Return on equity (ROE)
-2.73%Retained earnings to average equity (YTD only)
-2.73%Net charge-offs to loans
1.90%Credit loss provision to net charge-offs
109.92%Efficiency ratio
78,888Assets per employee
2.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.76%Loss allowance to noncurrent loans
200.29%Noncurrent assets plus other real estate owned to assets
0.56%Noncurrent loans to loans
1.38%Net loans and leases to deposits
44.03%Net loans and leases to core deposits
47.83%Equity capital to assets
8.29%Core capital (leverage) ratio
6.73%Tier 1 risk-based capital ratio
13.38%Total risk-based capital ratio
Memoranda
$15Average assets
$123,551Average earning assets
$10,510Average equity
$110,769Average loans

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