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

This bank is inactive as of Febuary 01, 1996

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

General
FDIC Certificate #: 26702
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Texas, National Association (#14533)
Federal Reserve ID: 222651
Date Established: June 19, 1986
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 #: 35767
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: June 19, 1986
Last Structure Change Effective Date: Febuary 01, 1996
Last Structure Change Process Date: Febuary 12, 1996
Last Data Update: Febuary 12, 1996
Data Source Date: April 05, 2012
Location
Address: 501 North Deahl Street, Borger, TX 79007
County: Hutchinson
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): Borger, TX (#14420)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $58.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$18Total assets
$58,153Cash and due from depository institutions
$2,424Interest-bearing balances
$0Securities
$31,936Federal funds sold & reverse repurchase agreements
$6,565Net loans & leases
$15,308Loan loss allowance
$406Trading account assets
$0Bank premises and fixed assets
$660Other real estate owned
$0Goodwill and other intangibles
$1,250Life insurance assets
$10All other assets
$0Total liabilities and capital
$58,153Total liabilities
$52,802Total deposits
$52,386Interest-bearing deposits
$44,719Deposits held in domestic offices
52386.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$416Total equity capital
$416Total bank equity capital
$5,351Perpetual preferred stock
$0Common stock
$2,213Surplus
$2,213Undivided profits
Memoranda
$925Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$240Income earned, not collected on loans
$177Earning assets
$53,809Long-term assets (5+ years)
$25,960Average Assets, year-to-date
$58,644Average Assets, quarterly
$59,273Volatile liabilities
$6,856Insider loans
$14FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,528Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,542Total risk weighted assets
$29,806Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$4,483Total interest expense
$1,764Net interest income
$2,719Provision for loan and lease losses
$190Total noninterest income
$299Fiduciary activities
$0Service charges on deposit accounts
$214Trading account gains & fees
$0Additional noninterest income
$85Total noninterest expense
$2,064Salaries and employee benefits
$708Premises and equipment expense
$233Additional noninterest expense
$1,123Pre-tax net operating income
$764Securities gains (losses)
-$106Applicable income taxes
$232Income before extraordinary items
$426Extraordinary gains - net
$0Net income attributable to bank
$426Net charge-offs
$97Cash dividends
$975Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.25%Cost of funding earning assets
3.25%Net interest margin
5.00%Noninterest income to earning assets
0.55%Noninterest expense to earning assets
3.80%Net operating income to assets
0.84%Return on assets (ROA)
0.73%Pretax return on assets
1.12%Return on equity (ROE)
8.73%Retained earnings to average equity (YTD only)
-11.26%Net charge-offs to loans
0.60%Credit loss provision to net charge-offs
195.88%Efficiency ratio
67,760Assets per employee
3.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
228.87%Loss allowance to loans
2.58%Loss allowance to noncurrent loans
169.17%Noncurrent assets plus other real estate owned to assets
0.41%Noncurrent loans to loans
1.53%Net loans and leases to deposits
29.22%Net loans and leases to core deposits
33.62%Equity capital to assets
9.20%Core capital (leverage) ratio
7.64%Tier 1 risk-based capital ratio
15.24%Total risk-based capital ratio
Memoranda
$16Average assets
$58,644Average earning assets
$4,877Average equity
$54,342Average loans

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