New First City, Texas - Corpus Christi, National Association in Corpus Christi, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 14, 1993

  • New First City, Texas - Corpus Christi, National Association in Corpus Christi, Texas (TX)
  • Show street view No street view available for this location

New First City, Texas - Corpus Christi, National Association - Overview

  • General
  • FDIC Certificate #: 33717
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Mercantile Bank, National Association (#3117)
    Federal Reserve ID: 1998841
    Date Established: October 30, 1992
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Interstate: No)
    FDIC's unique #: 47829
    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: October 30, 1992
    Last Structure Change Effective Date: Febuary 14, 1993
    Last Structure Change Process Date: Febuary 24, 1993
    Last Data Update: August 25, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 615 North Upper Broadway, Corpus Christi, TX 78401
    County: Nueces
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Corpus Christi, TX (#1880)
    Combined Statistical Area (CSA): Corpus Christi-Kingsville, TX (#204)
    Core Based Statistical Area (CBSA): Corpus Christi, TX (#18580)
    CBSA Metro Statistical Area: Corpus Christi, TX (#18580)
  • History of Changes
  • Bridge Bank Merger
  • Financial Summary
  • Total assets: $370.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $223Total assets
  • $369,992Cash and due from depository institutions
  • $25,208Interest-bearing balances
  • $0Securities
  • $76,182Federal funds sold & reverse repurchase agreements
  • $76,100Net loans & leases
  • $188,368Loan loss allowance
  • $4,104Trading account assets
  • $0Bank premises and fixed assets
  • $18Other real estate owned
  • $80Goodwill and other intangibles
  • $1,870Life insurance assets
  • $2,166All other assets
  • $0Total liabilities and capital
  • $369,992Total liabilities
  • $369,887Total deposits
  • $341,565Interest-bearing deposits
  • $273,490Deposits held in domestic offices
  • 341565.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $18,347Trading liabilities
  • $0Other borrowed funds
  • $2,446Subordinated debt
  • $0All other liabilities
  • $7,529Total equity capital
  • $7,529Total bank equity capital
  • $105Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $105Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,424Income earned, not collected on loans
  • $917Earning assets
  • $340,650Long-term assets (5+ years)
  • $15,037Average Assets, year-to-date
  • $369,992Average Assets, quarterly
  • $369,992Volatile liabilities
  • $66,468Insider loans
  • $45FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $21,547Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-2,061Total risk weighted assets
  • $219,673Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,701Total interest expense
  • $1,696Net interest income
  • $2,005Provision for loan and lease losses
  • $0Total noninterest income
  • $860Fiduciary activities
  • $196Service charges on deposit accounts
  • $509Trading account gains & fees
  • $0Additional noninterest income
  • $155Total noninterest expense
  • $2,626Salaries and employee benefits
  • $981Premises and equipment expense
  • $322Additional noninterest expense
  • $1,323Pre-tax net operating income
  • $239Securities gains (losses)
  • -$134Applicable income taxes
  • $0Income before extraordinary items
  • $105Extraordinary gains - net
  • $0Net income attributable to bank
  • $105Net charge-offs
  • $147Cash 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
  • 1.09%Cost of funding earning assets
  • 0.50%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 0.25%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.06%Return on assets (ROA)
  • 0.03%Pretax return on assets
  • 0.03%Return on equity (ROE)
  • 100.00%Retained earnings to average equity (YTD only)
  • 100.00%Net charge-offs to loans
  • 0.08%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 91,658Assets per employee
  • 1.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.13%Loss allowance to noncurrent loans
  • 92.77%Noncurrent assets plus other real estate owned to assets
  • 1.22%Noncurrent loans to loans
  • 2.30%Net loans and leases to deposits
  • 55.15%Net loans and leases to core deposits
  • 63.66%Equity capital to assets
  • 0.03%Core capital (leverage) ratio
  • -0.49%Tier 1 risk-based capital ratio
  • -0.94%Total risk-based capital ratio
  • Memoranda
  • -$1Average assets
  • $369,992Average earning assets
  • $105Average equity
  • $340,650Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with New First City, Texas - Corpus Christi, National Association.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents