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

This bank is inactive as of January 24, 1997

  • Norwest Bank, Texas, Big Spring, National Association in Big Spring, Texas (TX)
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Norwest Bank, Texas, Big Spring, National Association - Overview

  • General
  • FDIC Certificate #: 13839
    Status: Inactive
    Closing history: Consolidated - Without Assistance
    Acquiring institution: Wells Fargo Bank Texas, National Association (#14533)
    Federal Reserve ID: 34256
    Date Established: Febuary 02, 1934
    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 #: 8652
    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: Febuary 05, 1934
    Last Structure Change Effective Date: January 24, 1997
    Last Structure Change Process Date: Febuary 04, 1997
    Last Data Update: Febuary 04, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 Main Street, Big Spring, TX 79720
    County: Howard
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Big Spring, TX (#13700)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $221.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $36Total assets
  • $221,811Cash and due from depository institutions
  • $6,794Interest-bearing balances
  • $0Securities
  • $37,928Federal funds sold & reverse repurchase agreements
  • $99,235Net loans & leases
  • $72,243Loan loss allowance
  • $1,590Trading account assets
  • $0Bank premises and fixed assets
  • $1,696Other real estate owned
  • $63Goodwill and other intangibles
  • $3,852Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $221,811Total liabilities
  • $209,759Total deposits
  • $206,777Interest-bearing deposits
  • $184,073Deposits held in domestic offices
  • 206777.00%% insured (estimated)
  • $63Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $2,982Total equity capital
  • $2,982Total bank equity capital
  • $12,052Perpetual preferred stock
  • $0Common stock
  • $2,420Surplus
  • $10,550Undivided profits
  • Memoranda
  • $-918Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $915Income earned, not collected on loans
  • $660Earning assets
  • $209,406Long-term assets (5+ years)
  • $3,994Average Assets, year-to-date
  • $218,366Average Assets, quarterly
  • $216,187Volatile liabilities
  • $79,836Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,388Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,823Total risk weighted assets
  • $63,161Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $12,311Total interest expense
  • $7,866Net interest income
  • $4,445Provision for loan and lease losses
  • $1,753Total noninterest income
  • $923Fiduciary activities
  • $0Service charges on deposit accounts
  • $453Trading account gains & fees
  • $0Additional noninterest income
  • $470Total noninterest expense
  • $5,076Salaries and employee benefits
  • $1,388Premises and equipment expense
  • $436Additional noninterest expense
  • $3,252Pre-tax net operating income
  • -$1,461Securities gains (losses)
  • $0Applicable income taxes
  • -$696Income before extraordinary items
  • -$765Extraordinary gains - net
  • $0Net income attributable to bank
  • -$765Net charge-offs
  • $2,831Cash dividends
  • $0Sale, 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
  • 6.03%Cost of funding earning assets
  • 3.86%Net interest margin
  • 2.18%Noninterest income to earning assets
  • 0.45%Noninterest expense to earning assets
  • 2.49%Net operating income to assets
  • -0.35%Return on assets (ROA)
  • -0.35%Pretax return on assets
  • -0.67%Return on equity (ROE)
  • -4.32%Retained earnings to average equity (YTD only)
  • -4.32%Net charge-offs to loans
  • 6.24%Credit loss provision to net charge-offs
  • 61.92%Efficiency ratio
  • 94,560Assets per employee
  • 6.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.15%Loss allowance to noncurrent loans
  • 173.77%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 1.24%Net loans and leases to deposits
  • 34.94%Net loans and leases to core deposits
  • 56.91%Equity capital to assets
  • 5.43%Core capital (leverage) ratio
  • 5.47%Tier 1 risk-based capital ratio
  • 18.72%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $218,366Average earning assets
  • $17,693Average equity
  • $204,029Average loans

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