Norwest Bank Texas, North Central in Fort Worth, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 11, 1997

  • Norwest Bank Texas, North Central in Fort Worth, Texas (TX)
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Norwest Bank Texas, North Central - Overview

  • General
  • FDIC Certificate #: 16593
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Texas, National Association (#14533)
    Federal Reserve ID: 302759
    Date Established: July 01, 1947
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 28 (Interstate: No)
    OTS Docket #: 11368
    FDIC's unique #: 10738
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1947
    Last Structure Change Effective Date: October 11, 1997
    Last Structure Change Process Date: November 17, 1997
    Last Data Update: November 17, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 777 West Rosedale Street, Fort Worth, TX 76101
    County: Tarrant
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Fort Worth-Arlington, TX (#2800)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Fort Worth-Arlington, TX (#23104)
  • Financial Summary
  • Total assets: $1,132.1 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)
  • $516Total assets
  • $1,145,266Cash and due from depository institutions
  • $59,387Interest-bearing balances
  • $644Securities
  • $538,808Federal funds sold & reverse repurchase agreements
  • $19,400Net loans & leases
  • $477,676Loan loss allowance
  • $5,284Trading account assets
  • $0Bank premises and fixed assets
  • $25,876Other real estate owned
  • $566Goodwill and other intangibles
  • $13,279Life insurance assets
  • $10,274All other assets
  • $0Total liabilities and capital
  • $1,145,266Total liabilities
  • $1,067,114Total deposits
  • $1,014,008Interest-bearing deposits
  • $843,270Deposits held in domestic offices
  • 1014008.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $31,200Trading liabilities
  • $0Other borrowed funds
  • $13,444Subordinated debt
  • $0All other liabilities
  • $8,462Total equity capital
  • $8,462Total bank equity capital
  • $78,152Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $38,000Undivided profits
  • Memoranda
  • $38,152Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,181Income earned, not collected on loans
  • $3,314Earning assets
  • $1,036,528Long-term assets (5+ years)
  • $447,347Average Assets, year-to-date
  • $1,106,020Average Assets, quarterly
  • $1,138,262Volatile liabilities
  • $136,846Insider loans
  • $13,682FHLB advances
  • $0Loans and leases held for sale
  • $606Unused loan commitments
  • $92,755Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $68,616Total risk weighted assets
  • $551,871Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $72,455Total interest expense
  • $34,173Net interest income
  • $38,282Provision for loan and lease losses
  • $1,008Total noninterest income
  • $12,228Fiduciary activities
  • $1,167Service charges on deposit accounts
  • $7,476Trading account gains & fees
  • $0Additional noninterest income
  • $3,585Total noninterest expense
  • $35,629Salaries and employee benefits
  • $19,051Premises and equipment expense
  • $6,061Additional noninterest expense
  • $10,517Pre-tax net operating income
  • $13,873Securities gains (losses)
  • -$3Applicable income taxes
  • $3,242Income before extraordinary items
  • $10,628Extraordinary gains - net
  • $0Net income attributable to bank
  • $10,628Net charge-offs
  • $1,069Cash dividends
  • $22,750Sale, 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
  • 7.24%Cost of funding earning assets
  • 3.41%Net interest margin
  • 3.83%Noninterest income to earning assets
  • 1.22%Noninterest expense to earning assets
  • 3.56%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 0.96%Pretax return on assets
  • 1.25%Return on equity (ROE)
  • 13.50%Retained earnings to average equity (YTD only)
  • -15.39%Net charge-offs to loans
  • 0.23%Credit loss provision to net charge-offs
  • 94.29%Efficiency ratio
  • 69,477Assets per employee
  • 2.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 214.06%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 101.99%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 1.07%Net loans and leases to deposits
  • 47.11%Net loans and leases to core deposits
  • 51.88%Equity capital to assets
  • 6.82%Core capital (leverage) ratio
  • 6.13%Tier 1 risk-based capital ratio
  • 12.43%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,106,020Average earning assets
  • $78,755Average equity
  • $1,000,738Average loans

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