NationsBank of Texas, National Association in Dallas, Texas (TX)



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NationsBank of Texas, National Association
GeneralFDIC Certificate #: 27306
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of America, National Association (#15802)
Federal Reserve ID: 1213683
Date Established: July 29, 1988
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 392 (Interstate: No)
FDIC's unique #: 39454
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: July 29, 1988
Last Structure Change Effective Date: May 06, 1998
Last Structure Change Process Date: June 08, 1998
Last Data Update: June 08, 1998
Data Source Date: April 05, 2012
LocationAddress: 901 Main Street, Dallas, TX 75202
County: Dallas
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Atlanta
FDIC Field Office: Dallas
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Dallas, TX (#1920)
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: Dallas-Plano-Irving, TX (#19124)
Financial SummaryTotal assets: $62,921.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)
(Dollar figures in thousands)
Total employees (full-time equivalent)24,651
Total assets$60,065,450
Cash and due from depository institutions$6,095,806
Interest-bearing balances$1,849,624
Securities$3,350,007
Federal funds sold & reverse repurchase agreements$16,383,993
Net loans & leases$29,189,482
Loan loss allowance $313,050
Trading account assets$117,209
Bank premises and fixed assets$677,193
Other real estate owned$14,461
Goodwill and other intangibles$1,561,320
All other assets$2,675,979
Life insurance assets$0
Total liabilities and capital$60,065,450
Total liabilities$56,484,183
Total deposits$45,482,608
Interest-bearing deposits$34,351,543
Deposits held in domestic offices$42,064,874
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $3,438,283
Trading liabilities$29,824
Other borrowed funds $5,813,786
Subordinated debt $900,000
All other liabilities $819,682
Total equity capital$3,581,267
Total bank equity capital$3,581,267
Perpetual preferred stock$3,581,267
Common stock$0
Surplus$502,735
Undivided profits $1,196,269
Memoranda
Noncurrent loans and leases $1,882,263
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $120,795
Long-term assets (5+ years) $14,304
Average Assets, year-to-date $139,529
Average Assets, quarterly $50,859,334
Volatile liabilities $8,043,891
Insider loans $47,633,974
FHLB advances $57,038,793
Loans and leases held for sale $27,887,307
Unused loan commitments $203
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $2,001,974
Total unused commitments $23,875,199
Restructured Loans and leases $0
Derivatives$43,773,664
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $2,709,543
Total interest expense $1,442,660
Net interest income $1,266,883
Provision for loan and lease losses $32,600
Total noninterest income $2,206,030
Fiduciary activities $101,598
Service charges on deposit accounts $430,668
Trading account gains & fees $4,350
Additional noninterest income $1,669,414
Total noninterest expense $2,330,147
Salaries and employee benefits $938,422
Premises and equipment expense $385,211
Additional noninterest expense $1,006,514
Pre-tax net operating income $1,110,166
Securities gains (losses) $21,184
Applicable income taxes $401,637
Income before extraordinary items $729,713
Extraordinary gains - net $0
Net income attributable to bank $729,713
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $57,441
Net operating income $127,860
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.82%
Cost of funding earning assets 3.63%
Net interest margin 3.19%
Noninterest income to earning assets 5.55%
Noninterest expense to earning assets 5.86%
Net operating income to assets 1.50%
Return on assets (ROA) 1.53%
Pretax return on assets 2.38%
Return on equity (ROE) 23.53%
Retained earnings to average equity (YTD only) 19.41%
Net charge-offs to loans 0.22%
Credit loss provision to net charge-offs 56.75%
Efficiency ratio19.89%
Assets per employee$61,130
Cash dividends to net income (YTD only)2.44%
Condition Ratios (%)
Loss allowance to loans 17.52%
Loss allowance to noncurrent loans 1.06%
Noncurrent assets plus other real estate owned to assets 259.16%
Noncurrent loans to loans 0.23%
Net loans and leases to deposits0.41%
Net loans and leases to core deposits 64.18%
Equity capital to assets 111.93%
Core capital (leverage) ratio 5.96%
Tier 1 risk-based capital ratio 5.68%
Total risk-based capital ratio 7.42%
Memoranda
Average assets$10
Average earning assets$47,633,974
Average equity $3,101,357
Average loans $39,733,390
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