Norwest Bank Texas, Bay City, National Association in Bay City, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 20, 1997

Norwest Bank Texas, Bay City, National Association in Bay City, Texas (TX)
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Norwest Bank Texas, Bay City, National Association - Overview

General
FDIC Certificate #: 3092
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Norwest Bank Texas, South Central (#16931)
Federal Reserve ID: 284855
Date Established: January 01, 1901
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)
OTS Docket #: 10024
FDIC's unique #: 1971
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: January 01, 1934
Last Structure Change Effective Date: June 20, 1997
Last Structure Change Process Date: June 27, 1997
Last Data Update: June 27, 1997
Data Source Date: April 05, 2012
Location
Address: 1801 Seventh Street, Bay City, TX 77414
County: Matagorda
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Kansas City
FDIC Field Office: Houston
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
Core Based Statistical Area (CBSA): Bay City, TX (#13060)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $133.6 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$44Total assets
$136,874Cash and due from depository institutions
$5,574Interest-bearing balances
$0Securities
$94,418Federal funds sold & reverse repurchase agreements
$9,000Net loans & leases
$21,073Loan loss allowance
$341Trading account assets
$0Bank premises and fixed assets
$2,472Other real estate owned
$146Goodwill and other intangibles
$4,191Life insurance assets
$0All other assets
$0Total liabilities and capital
$136,874Total liabilities
$122,467Total deposits
$117,372Interest-bearing deposits
$99,583Deposits held in domestic offices
117372.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$5,095Total equity capital
$5,095Total bank equity capital
$14,407Perpetual preferred stock
$0Common stock
$2,000Surplus
$12,024Undivided profits
Memoranda
$383Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$146Earning assets
$124,491Long-term assets (5+ years)
$72,696Average Assets, year-to-date
$135,013Average Assets, quarterly
$134,400Volatile liabilities
$19,472Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,999Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$14,192Total risk weighted assets
$58,342Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$8,999Total interest expense
$3,974Net interest income
$5,025Provision for loan and lease losses
$0Total noninterest income
$1,474Fiduciary activities
$60Service charges on deposit accounts
$1,233Trading account gains & fees
$0Additional noninterest income
$181Total noninterest expense
$4,354Salaries and employee benefits
$2,228Premises and equipment expense
$463Additional noninterest expense
$1,663Pre-tax net operating income
$2,145Securities gains (losses)
-$56Applicable income taxes
$511Income before extraordinary items
$1,578Extraordinary gains - net
$0Net income attributable to bank
$1,578Net charge-offs
-$7Cash dividends
$2,650Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.28%Cost of funding earning assets
3.21%Net interest margin
4.06%Noninterest income to earning assets
1.19%Noninterest expense to earning assets
3.52%Net operating income to assets
1.20%Return on assets (ROA)
1.17%Pretax return on assets
1.55%Return on equity (ROE)
10.32%Retained earnings to average equity (YTD only)
-7.01%Net charge-offs to loans
-0.03%Credit loss provision to net charge-offs
0.00%Efficiency ratio
66,995Assets per employee
3.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
167.93%Loss allowance to loans
1.59%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.00%Net loans and leases to deposits
17.95%Net loans and leases to core deposits
21.53%Equity capital to assets
10.53%Core capital (leverage) ratio
10.56%Tier 1 risk-based capital ratio
24.33%Total risk-based capital ratio
Memoranda
$25Average assets
$135,013Average earning assets
$15,284Average equity
$123,678Average loans

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