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

This bank is inactive as of June 13, 1997

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

  • General
  • FDIC Certificate #: 5571
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Norwest Bank Texas, South, National Association (#5511)
    Federal Reserve ID: 550064
    Date Established: June 01, 1874
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    OTS Docket #: 9849
    FDIC's unique #: 3791
    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: January 01, 1934
    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: 811 Washington Avenue, Waco, TX 76701
    County: Mclennan
    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): Waco, TX (#8800)
    Core Based Statistical Area (CBSA): Waco, TX (#47380)
    CBSA Metro Statistical Area: Waco, TX (#47380)
  • Financial Summary
  • Total assets: $337.0 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)
  • $125Total assets
  • $355,185Cash and due from depository institutions
  • $24,679Interest-bearing balances
  • $0Securities
  • $74,760Federal funds sold & reverse repurchase agreements
  • $85,290Net loans & leases
  • $145,816Loan loss allowance
  • $5,784Trading account assets
  • $0Bank premises and fixed assets
  • $4,527Other real estate owned
  • $161Goodwill and other intangibles
  • $12,220Life insurance assets
  • $7,732All other assets
  • $0Total liabilities and capital
  • $355,185Total liabilities
  • $323,990Total deposits
  • $304,895Interest-bearing deposits
  • $248,348Deposits held in domestic offices
  • 304895.00%% insured (estimated)
  • $82Federal funds purchased & repurchase agreements
  • $12,397Trading liabilities
  • $0Other borrowed funds
  • $2,769Subordinated debt
  • $0All other liabilities
  • $3,929Total equity capital
  • $3,929Total bank equity capital
  • $31,195Perpetual preferred stock
  • $0Common stock
  • $6,000Surplus
  • $22,209Undivided profits
  • Memoranda
  • $2,986Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,740Income earned, not collected on loans
  • $1,076Earning assets
  • $305,866Long-term assets (5+ years)
  • $62,146Average Assets, year-to-date
  • $367,454Average Assets, quarterly
  • $366,202Volatile liabilities
  • $45,311Insider loans
  • $16FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $34,272Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $23,105Total risk weighted assets
  • $192,977Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $23,999Total interest expense
  • $11,669Net interest income
  • $12,330Provision for loan and lease losses
  • $0Total noninterest income
  • $4,220Fiduciary activities
  • $1,801Service charges on deposit accounts
  • $1,868Trading account gains & fees
  • $0Additional noninterest income
  • $551Total noninterest expense
  • $13,188Salaries and employee benefits
  • $4,725Premises and equipment expense
  • $1,121Additional noninterest expense
  • $7,342Pre-tax net operating income
  • $3,362Securities gains (losses)
  • -$39Applicable income taxes
  • $887Income before extraordinary items
  • $2,436Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,436Net charge-offs
  • $864Cash dividends
  • $5,500Sale, 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
  • 3.64%Net interest margin
  • 3.85%Noninterest income to earning assets
  • 1.32%Noninterest expense to earning assets
  • 4.11%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 0.90%Return on equity (ROE)
  • 7.49%Retained earnings to average equity (YTD only)
  • -9.42%Net charge-offs to loans
  • 0.50%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 76,254Assets per employee
  • 2.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 225.78%Loss allowance to loans
  • 3.82%Loss allowance to noncurrent loans
  • 211.09%Noncurrent assets plus other real estate owned to assets
  • 0.82%Noncurrent loans to loans
  • 1.81%Net loans and leases to deposits
  • 47.82%Net loans and leases to core deposits
  • 53.07%Equity capital to assets
  • 8.78%Core capital (leverage) ratio
  • 6.88%Tier 1 risk-based capital ratio
  • 11.97%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $367,454Average earning assets
  • $32,526Average equity
  • $320,624Average loans

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