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)
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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
    Corrections
  • 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

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