Mid-Cities National Bank in Hurst, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 23, 2000

  • Mid-Cities National Bank in Hurst, Texas (TX)
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Mid-Cities National Bank - Overview

  • General
  • FDIC Certificate #: 23447
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of Texas. National Association (#21674)
    Federal Reserve ID: 542050
    Date Established: May 11, 1981
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 16430
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: May 11, 1981
    Last Structure Change Effective Date: June 23, 2000
    Last Structure Change Process Date: July 28, 2000
    Last Data Update: July 28, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 Grapevine Highway, Hurst, TX 76053
    County: Tarrant
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Fort Worth-Arlington, TX (#2800)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Fort Worth-Arlington, TX (#23104)
  • Financial Summary
  • Total assets: $95.6 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 30Total employees (full-time equivalent)
  • $93,689Total assets
  • $4,659Cash and due from depository institutions
  • $0Interest-bearing balances
  • $2,627Securities
  • $28,520Federal funds sold & reverse repurchase agreements
  • $47,964Net loans & leases
  • $725Loan loss allowance
  • $0Trading account assets
  • $385Bank premises and fixed assets
  • $58Other real estate owned
  • $8,996Goodwill and other intangibles
  • $0Life insurance assets
  • $480All other assets
  • $93,689Total liabilities and capital
  • $77,593Total liabilities
  • $76,790Total deposits
  • $62,246Interest-bearing deposits
  • $76,790Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $803All other liabilities
  • $16,096Total equity capital
  • $16,096Total bank equity capital
  • $16,096Perpetual preferred stock
  • $0Common stock
  • $1,513Surplus
  • $14,350Undivided profits
  • Memoranda
  • $233Noncurrent loans and leases
  • $9,744Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $374Earning assets
  • $0Long-term assets (5+ years)
  • $342Average Assets, year-to-date
  • $79,111Average Assets, quarterly
  • $4,156Volatile liabilities
  • $86,425Insider loans
  • $93,078FHLB advances
  • $15,503Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,744Total unused commitments
  • $0Restructured Loans and leases
  • $643Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $3,617Total interest income
  • $1,296Total interest expense
  • $2,321Net interest income
  • $200Provision for loan and lease losses
  • $281Total noninterest income
  • $0Fiduciary activities
  • $218Service charges on deposit accounts
  • $0Trading account gains & fees
  • $63Additional noninterest income
  • $1,741Total noninterest expense
  • $743Salaries and employee benefits
  • $101Premises and equipment expense
  • $897Additional noninterest expense
  • $661Pre-tax net operating income
  • $0Securities gains (losses)
  • $416Applicable income taxes
  • $245Income before extraordinary items
  • $0Extraordinary gains - net
  • $245Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $58Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 1.70%Cost of funding earning assets
  • 3.04%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 2.28%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.28%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 2.06%Return on equity (ROE)
  • 2.06%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 344.83%Credit loss provision to net charge-offs
  • 14.84%Efficiency ratio
  • 46,503Assets per employee
  • 3.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 193.85%Noncurrent assets plus other real estate owned to assets
  • 0.46%Noncurrent loans to loans
  • 0.77%Net loans and leases to deposits
  • 62.46%Net loans and leases to core deposits
  • 78.26%Equity capital to assets
  • 17.18%Core capital (leverage) ratio
  • 8.42%Tier 1 risk-based capital ratio
  • 13.86%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $86,425Average earning assets
  • $11,912Average equity
  • $76,323Average loans

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