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

This bank is inactive as of January 24, 1997

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

  • General
  • FDIC Certificate #: 33843
    Status: Inactive
    Closing history: Consolidated - Without Assistance
    Acquiring institution: Wells Fargo Bank Texas, National Association (#14533)
    Federal Reserve ID: 1998896
    Date Established: October 01, 1993
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 48150
    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 01, 1993
    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: 500 West Texas, Midland, TX 79702
    County: Midland
    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
    Metropolitan Statistical Area (MSA): Odessa-Midland, TX (#5800)
    Combined Statistical Area (CSA): Midland-Odessa, TX (#372)
    Core Based Statistical Area (CBSA): Midland, TX (#33260)
    CBSA Metro Statistical Area: Midland, TX (#33260)
  • Financial Summary
  • Total assets: $440.2 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)
  • $108Total assets
  • $440,234Cash and due from depository institutions
  • $34,998Interest-bearing balances
  • $0Securities
  • $96,522Federal funds sold & reverse repurchase agreements
  • $125,550Net loans & leases
  • $172,334Loan loss allowance
  • $4,012Trading account assets
  • $0Bank premises and fixed assets
  • $3,153Other real estate owned
  • $0Goodwill and other intangibles
  • $7,677Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $440,234Total liabilities
  • $414,189Total deposits
  • $397,465Interest-bearing deposits
  • $305,532Deposits held in domestic offices
  • 397465.00%% insured (estimated)
  • $81Federal funds purchased & repurchase agreements
  • $400Trading liabilities
  • $0Other borrowed funds
  • $8,133Subordinated debt
  • $0All other liabilities
  • $8,191Total equity capital
  • $8,191Total bank equity capital
  • $26,045Perpetual preferred stock
  • $0Common stock
  • $8,750Surplus
  • $14,137Undivided profits
  • Memoranda
  • $3,158Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,875Income earned, not collected on loans
  • $1,012Earning assets
  • $394,406Long-term assets (5+ years)
  • $80,420Average Assets, year-to-date
  • $410,582Average Assets, quarterly
  • $423,517Volatile liabilities
  • $51,758Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $76,127Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $24,665Total risk weighted assets
  • $251,209Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $29,181Total interest expense
  • $10,287Net interest income
  • $18,894Provision for loan and lease losses
  • $0Total noninterest income
  • $2,813Fiduciary activities
  • $415Service charges on deposit accounts
  • $1,588Trading account gains & fees
  • $0Additional noninterest income
  • $810Total noninterest expense
  • $14,024Salaries and employee benefits
  • $4,237Premises and equipment expense
  • $2,582Additional noninterest expense
  • $7,205Pre-tax net operating income
  • $7,683Securities gains (losses)
  • $295Applicable income taxes
  • $2,621Income before extraordinary items
  • $5,357Extraordinary gains - net
  • $0Net income attributable to bank
  • $5,357Net charge-offs
  • $156Cash dividends
  • $4,124Sale, 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
  • 8.01%Cost of funding earning assets
  • 2.82%Net interest margin
  • 5.18%Noninterest income to earning assets
  • 0.77%Noninterest expense to earning assets
  • 3.85%Net operating income to assets
  • 1.26%Return on assets (ROA)
  • 1.30%Pretax return on assets
  • 1.94%Return on equity (ROE)
  • 20.72%Retained earnings to average equity (YTD only)
  • 4.77%Net charge-offs to loans
  • 0.09%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,606Assets per employee
  • 4.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.98%Loss allowance to loans
  • 2.28%Loss allowance to noncurrent loans
  • 213.97%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 1.06%Net loans and leases to deposits
  • 43.36%Net loans and leases to core deposits
  • 48.65%Equity capital to assets
  • 5.92%Core capital (leverage) ratio
  • 6.03%Tier 1 risk-based capital ratio
  • 9.82%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $410,582Average earning assets
  • $25,852Average equity
  • $364,481Average loans

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