Norwest Bank Texas, South Central in Victoria, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 22, 1997

  • Norwest Bank Texas, South Central in Victoria, Texas (TX)
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Norwest Bank Texas, South Central - Overview

  • General
  • FDIC Certificate #: 16931
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Wells Fargo Bank Texas, National Association (#14533)
    Federal Reserve ID: 364869
    Date Established: March 01, 1875
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 64 (Interstate: No)
    OTS Docket #: 11242
    FDIC's unique #: 11014
    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: August 09, 1950
    Last Structure Change Effective Date: November 22, 1997
    Last Structure Change Process Date: December 12, 1997
    Last Data Update: October 28, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: One O'connor Plaza, Victoria, TX 77902
    County: Victoria
    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
    Metropolitan Statistical Area (MSA): Victoria, TX (#8750)
    Core Based Statistical Area (CBSA): Victoria, TX (#47020)
    CBSA Metro Statistical Area: Victoria, TX (#47020)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $2,754.1 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)
  • $1,033Total assets
  • $2,086,676Cash and due from depository institutions
  • $156,674Interest-bearing balances
  • $84Securities
  • $570,304Federal funds sold & reverse repurchase agreements
  • $167,875Net loans & leases
  • $1,101,811Loan loss allowance
  • $17,151Trading account assets
  • $0Bank premises and fixed assets
  • $36,140Other real estate owned
  • $193Goodwill and other intangibles
  • $46,481Life insurance assets
  • $7,198All other assets
  • $0Total liabilities and capital
  • $2,086,676Total liabilities
  • $1,941,853Total deposits
  • $1,778,033Interest-bearing deposits
  • $1,329,596Deposits held in domestic offices
  • 1778033.00%% insured (estimated)
  • $80Federal funds purchased & repurchase agreements
  • $104,075Trading liabilities
  • $0Other borrowed funds
  • $2,176Subordinated debt
  • $3,600All other liabilities
  • $53,969Total equity capital
  • $53,969Total bank equity capital
  • $144,823Perpetual preferred stock
  • $0Common stock
  • $28,000Surplus
  • $72,277Undivided profits
  • Memoranda
  • $44,546Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,841Income earned, not collected on loans
  • $8,514Earning assets
  • $1,840,074Long-term assets (5+ years)
  • $359,180Average Assets, year-to-date
  • $2,067,830Average Assets, quarterly
  • $2,040,108Volatile liabilities
  • $242,763Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $74Unused loan commitments
  • $341,422Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $135,484Total risk weighted assets
  • $1,049,147Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $138,801Total interest expense
  • $55,494Net interest income
  • $83,307Provision for loan and lease losses
  • $10,706Total noninterest income
  • $31,193Fiduciary activities
  • $7,364Service charges on deposit accounts
  • $15,014Trading account gains & fees
  • $0Additional noninterest income
  • $8,815Total noninterest expense
  • $116,203Salaries and employee benefits
  • $44,201Premises and equipment expense
  • $24,945Additional noninterest expense
  • $47,057Pre-tax net operating income
  • -$12,409Securities gains (losses)
  • -$2,570Applicable income taxes
  • -$4,639Income before extraordinary items
  • -$10,340Extraordinary gains - net
  • $0Net income attributable to bank
  • -$10,340Net charge-offs
  • $8,340Cash dividends
  • $28,477Sale, 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
  • 7.66%Cost of funding earning assets
  • 3.06%Net interest margin
  • 4.60%Noninterest income to earning assets
  • 1.72%Noninterest expense to earning assets
  • 6.41%Net operating income to assets
  • -0.41%Return on assets (ROA)
  • -0.50%Pretax return on assets
  • -0.72%Return on equity (ROE)
  • -6.47%Retained earnings to average equity (YTD only)
  • -24.30%Net charge-offs to loans
  • 0.91%Credit loss provision to net charge-offs
  • 128.37%Efficiency ratio
  • 92,779Assets per employee
  • 2.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -275.41%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 354.29%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.43%Net loans and leases to deposits
  • 61.97%Net loans and leases to core deposits
  • 67.12%Equity capital to assets
  • 6.94%Core capital (leverage) ratio
  • 6.69%Tier 1 risk-based capital ratio
  • 12.91%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $2,067,830Average earning assets
  • $159,745Average equity
  • $1,812,990Average loans

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