SUNWEST Bank of El Paso, National Association in El Paso, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 09, 1998

  • SUNWEST Bank of El Paso, National Association in El Paso, Texas (TX)
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SUNWEST Bank of El Paso, National Association - Overview

  • General
  • FDIC Certificate #: 19197
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of America, National Association (#15802)
    Federal Reserve ID: 941158
    Date Established: July 31, 1964
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 11 (Interstate: No)
    FDIC's unique #: 13016
    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: July 31, 1964
    Last Structure Change Effective Date: July 09, 1998
    Last Structure Change Process Date: July 22, 1998
    Last Data Update: July 22, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 416 North Stanton Street, El Paso, TX 79987
    County: El Paso
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Albuquerque
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): El Paso, TX (#2320)
    Core Based Statistical Area (CBSA): El Paso, TX (#21340)
    CBSA Metro Statistical Area: El Paso, TX (#21340)
  • Financial Summary
  • Total assets: $635.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 149Total employees (full-time equivalent)
  • $626,443Total assets
  • $21,582Cash and due from depository institutions
  • $0Interest-bearing balances
  • $16,887Securities
  • $314,417Federal funds sold & reverse repurchase agreements
  • $163,921Net loans & leases
  • $4,743Loan loss allowance
  • $0Trading account assets
  • $12,570Bank premises and fixed assets
  • $0Other real estate owned
  • $88,366Goodwill and other intangibles
  • $0Life insurance assets
  • $8,700All other assets
  • $626,443Total liabilities and capital
  • $472,362Total liabilities
  • $416,403Total deposits
  • $318,058Interest-bearing deposits
  • $416,403Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $47,285Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $8,674All other liabilities
  • $154,081Total equity capital
  • $154,081Total bank equity capital
  • $154,081Perpetual preferred stock
  • $0Common stock
  • $3,251Surplus
  • $147,088Undivided profits
  • Memoranda
  • $3,742Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,425Earning assets
  • $0Long-term assets (5+ years)
  • $961Average Assets, year-to-date
  • $495,225Average Assets, quarterly
  • $15,388Volatile liabilities
  • $602,467Insider loans
  • $611,313FHLB advances
  • $84,904Loans and leases held for sale
  • $75Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $24,485Total unused commitments
  • $0Restructured Loans and leases
  • $255,916Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $35,004Total interest income
  • $12,690Total interest expense
  • $22,314Net interest income
  • -$240Provision for loan and lease losses
  • $5,467Total noninterest income
  • $0Fiduciary activities
  • $4,715Service charges on deposit accounts
  • $0Trading account gains & fees
  • $752Additional noninterest income
  • $15,090Total noninterest expense
  • $5,575Salaries and employee benefits
  • $2,237Premises and equipment expense
  • $7,278Additional noninterest expense
  • $12,931Pre-tax net operating income
  • $344Securities gains (losses)
  • $6,190Applicable income taxes
  • $7,085Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,085Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $442Sale, conversion, retirement of capital stock, net
  • $3,200Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.35%Yield on earning assets
  • 2.66%Cost of funding earning assets
  • 4.68%Net interest margin
  • 1.15%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 2.20%Pretax return on assets
  • 5.27%Return on equity (ROE)
  • 2.89%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • -54.30%Credit loss provision to net charge-offs
  • 28.71%Efficiency ratio
  • 39,801Assets per employee
  • 4.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.17%Loss allowance to loans
  • 2.81%Loss allowance to noncurrent loans
  • 138.48%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 2.03%Net loans and leases to deposits
  • 39.37%Net loans and leases to core deposits
  • 43.28%Equity capital to assets
  • 24.60%Core capital (leverage) ratio
  • 12.33%Tier 1 risk-based capital ratio
  • 25.61%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $602,467Average earning assets
  • $134,330Average equity
  • $476,482Average loans

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