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

This bank is inactive as of May 09, 1997

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

General
FDIC Certificate #: 18485
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Norwest Bank Texas, South, National Association (#5511)
Federal Reserve ID: 979665
Date Established: January 01, 1962
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 12380
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: Febuary 14, 1962
Last Structure Change Effective Date: May 09, 1997
Last Structure Change Process Date: June 03, 1997
Last Data Update: June 03, 1997
Data Source Date: April 05, 2012
Location
Address: 120 South Agnes Street, Premont, TX 78375
County: Jim Wells
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Kansas City
FDIC Field Office: Houston
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Alice, TX (#10860)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $23.5 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)
$15Total assets
$23,624Cash and due from depository institutions
$1,027Interest-bearing balances
$0Securities
$4,192Federal funds sold & reverse repurchase agreements
$14,680Net loans & leases
$2,905Loan loss allowance
$53Trading account assets
$0Bank premises and fixed assets
$126Other real estate owned
$0Goodwill and other intangibles
$264Life insurance assets
$430All other assets
$0Total liabilities and capital
$23,624Total liabilities
$19,762Total deposits
$19,154Interest-bearing deposits
$16,361Deposits held in domestic offices
19154.00%% insured (estimated)
$54Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$232Subordinated debt
$0All other liabilities
$376Total equity capital
$376Total bank equity capital
$3,862Perpetual preferred stock
$0Common stock
$200Surplus
$3,665Undivided profits
Memoranda
$-3Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$47Income earned, not collected on loans
$35Earning assets
$21,777Long-term assets (5+ years)
$786Average Assets, year-to-date
$22,726Average Assets, quarterly
$23,416Volatile liabilities
$4,993Insider loans
$40FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$18Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,452Total risk weighted assets
$6,988Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$1,458Total interest expense
$466Net interest income
$992Provision for loan and lease losses
$10Total noninterest income
$242Fiduciary activities
$0Service charges on deposit accounts
$212Trading account gains & fees
$0Additional noninterest income
$30Total noninterest expense
$935Salaries and employee benefits
$340Premises and equipment expense
$98Additional noninterest expense
$497Pre-tax net operating income
$289Securities gains (losses)
$0Applicable income taxes
$111Income before extraordinary items
$178Extraordinary gains - net
$0Net income attributable to bank
$178Net charge-offs
$21Cash dividends
$210Sale, 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
6.93%Cost of funding earning assets
2.21%Net interest margin
4.71%Noninterest income to earning assets
1.15%Noninterest expense to earning assets
4.44%Net operating income to assets
0.78%Return on assets (ROA)
0.78%Pretax return on assets
1.27%Return on equity (ROE)
4.51%Retained earnings to average equity (YTD only)
-0.81%Net charge-offs to loans
0.70%Credit loss provision to net charge-offs
47.62%Efficiency ratio
73,258Assets per employee
1.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
117.98%Loss allowance to loans
1.79%Loss allowance to noncurrent loans
112.77%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
1.59%Net loans and leases to deposits
15.17%Net loans and leases to core deposits
20.18%Equity capital to assets
16.35%Core capital (leverage) ratio
15.12%Tier 1 risk-based capital ratio
49.40%Total risk-based capital ratio
Memoranda
$50Average assets
$22,726Average earning assets
$3,947Average equity
$21,049Average loans

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