Norwest Bank Texas, Comfort in Comfort, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 13, 1997

Norwest Bank Texas, Comfort in Comfort, Texas (TX)
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Norwest Bank Texas, Comfort - Overview

General
FDIC Certificate #: 17854
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Norwest Bank Texas, South, National Association (#5511)
Federal Reserve ID: 950851
Date Established: May 01, 1907
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 11795
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: April 10, 1958
Last Structure Change Effective Date: June 13, 1997
Last Structure Change Process Date: June 23, 1997
Last Data Update: June 23, 1997
Data Source Date: April 05, 2012
Location
Address: 521 Seventh Street, Comfort, TX 78013
County: Kendall
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Kansas City
FDIC Field Office: Austin
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): San Antonio-New Braunfels, TX (#41700)
CBSA Metro Statistical Area: San Antonio-New Braunfels, TX (#41700)
Financial Summary
Total assets: $48.3 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)
$16Total assets
$50,970Cash and due from depository institutions
$1,846Interest-bearing balances
$0Securities
$5,273Federal funds sold & reverse repurchase agreements
$24,585Net loans & leases
$16,406Loan loss allowance
$1,167Trading account assets
$0Bank premises and fixed assets
$305Other real estate owned
$0Goodwill and other intangibles
$664Life insurance assets
$1,891All other assets
$0Total liabilities and capital
$50,970Total liabilities
$44,932Total deposits
$43,990Interest-bearing deposits
$40,021Deposits held in domestic offices
43990.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$85Subordinated debt
$0All other liabilities
$857Total equity capital
$857Total bank equity capital
$6,038Perpetual preferred stock
$0Common stock
$425Surplus
$5,498Undivided profits
Memoranda
$115Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$333Income earned, not collected on loans
$140Earning assets
$46,264Long-term assets (5+ years)
$1,879Average Assets, year-to-date
$49,053Average Assets, quarterly
$50,518Volatile liabilities
$8,673Insider loans
$308FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$695Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,091Total risk weighted assets
$20,599Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$3,359Total interest expense
$1,643Net interest income
$1,716Provision for loan and lease losses
$0Total noninterest income
$241Fiduciary activities
$0Service charges on deposit accounts
$173Trading account gains & fees
$0Additional noninterest income
$68Total noninterest expense
$1,563Salaries and employee benefits
$526Premises and equipment expense
$81Additional noninterest expense
$956Pre-tax net operating income
$394Securities gains (losses)
$2Applicable income taxes
$178Income before extraordinary items
$218Extraordinary gains - net
$0Net income attributable to bank
$218Net charge-offs
-$150Cash dividends
$275Sale, 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
7.49%Cost of funding earning assets
3.66%Net interest margin
3.82%Noninterest income to earning assets
0.54%Noninterest expense to earning assets
3.48%Net operating income to assets
0.44%Return on assets (ROA)
0.44%Pretax return on assets
0.81%Return on equity (ROE)
3.60%Retained earnings to average equity (YTD only)
-0.94%Net charge-offs to loans
-0.85%Credit loss provision to net charge-offs
0.00%Efficiency ratio
72,713Assets per employee
3.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
126.15%Loss allowance to loans
6.64%Loss allowance to noncurrent loans
350.45%Noncurrent assets plus other real estate owned to assets
0.65%Noncurrent loans to loans
1.89%Net loans and leases to deposits
37.29%Net loans and leases to core deposits
46.34%Equity capital to assets
11.85%Core capital (leverage) ratio
8.40%Tier 1 risk-based capital ratio
19.86%Total risk-based capital ratio
Memoranda
$21Average assets
$49,053Average earning assets
$6,058Average equity
$44,875Average loans

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