The First National Bank of Amarillo in Amarillo, Texas (TX)



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The First National Bank of Amarillo
GeneralFDIC Certificate #: 19427
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: Wells Fargo Bank Texas, National Association (#14533)
Federal Reserve ID: 311359
Date Established: April 10, 1965
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 6 (Interstate: No)
FDIC's unique #: 13230
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: May 06, 1965
Last Structure Change Effective Date: August 24, 2002
Last Structure Change Process Date: October 29, 2002
Last Data Update: October 29, 2002
Data Source Date: April 05, 2012
LocationAddress: 901 South Filmore, Suite 101, Amarillo, TX 79101
County: Potter
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: San Francisco
FDIC Field Office: Lubbock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Amarillo, TX (#320)
Core Based Statistical Area (CBSA): Amarillo, TX (#11100)
CBSA Metro Statistical Area: Amarillo, TX (#11100)
Financial SummaryTotal assets: $365.6 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2001)
(Dollar figures in thousands)
Total employees (full-time equivalent)110
Total assets$356,631
Cash and due from depository institutions$24,926
Interest-bearing balances$12
Securities$4,362
Federal funds sold & reverse repurchase agreements$4,430
Net loans & leases$310,589
Loan loss allowance $5,695
Trading account assets$0
Bank premises and fixed assets$4,549
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$7,775
Life insurance assets$0
Total liabilities and capital$356,631
Total liabilities$302,271
Total deposits$300,538
Interest-bearing deposits$202,871
Deposits held in domestic offices$300,538
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $1,733
Total equity capital$54,360
Total bank equity capital$54,360
Perpetual preferred stock$54,360
Common stock$0
Surplus$100
Undivided profits $38,759
Memoranda
Noncurrent loans and leases $15,501
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $112,162
Income earned, not collected on loans $0
Earning assets $51
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,736
Average Assets, quarterly $319,393
Volatile liabilities $44,503
Insider loans $361,803
FHLB advances $359,571
Loans and leases held for sale $68,422
Unused loan commitments $31,281
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $2,647
Total unused commitments $112,162
Restructured Loans and leases $0
Derivatives$3,937
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Income and Expense (December 31, 2001)
(Dollar figures in thousands)
Total interest income $24,910
Total interest expense $7,867
Net interest income $17,043
Provision for loan and lease losses -$850
Total noninterest income $3,309
Fiduciary activities $196
Service charges on deposit accounts $2,079
Trading account gains & fees $0
Additional noninterest income $1,034
Total noninterest expense $10,383
Salaries and employee benefits $5,590
Premises and equipment expense $1,376
Additional noninterest expense $3,417
Pre-tax net operating income $10,819
Securities gains (losses) $0
Applicable income taxes $3,683
Income before extraordinary items $7,136
Extraordinary gains - net $0
Net income attributable to bank $7,136
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$1,556
Net operating income $2,244
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Performance and Condition Ratios (December 31, 2001)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.59%
Cost of funding earning assets 2.40%
Net interest margin 5.19%
Noninterest income to earning assets 1.01%
Noninterest expense to earning assets 3.16%
Net operating income to assets 1.97%
Return on assets (ROA) 1.97%
Pretax return on assets 2.99%
Return on equity (ROE) 13.66%
Retained earnings to average equity (YTD only) 9.37%
Net charge-offs to loans -0.48%
Credit loss provision to net charge-offs 54.63%
Efficiency ratio0.00%
Assets per employee$51,017
Cash dividends to net income (YTD only)3.24%
Condition Ratios (%)
Loss allowance to loans 31.45%
Loss allowance to noncurrent loans 1.80%
Noncurrent assets plus other real estate owned to assets 11166.67%
Noncurrent loans to loans 0.01%
Net loans and leases to deposits0.02%
Net loans and leases to core deposits 103.34%
Equity capital to assets 133.81%
Core capital (leverage) ratio 15.24%
Tier 1 risk-based capital ratio 15.30%
Total risk-based capital ratio 17.34%
Memoranda
Average assets$19
Average earning assets$361,803
Average equity $52,227
Average loans $328,120
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Total Fiduciary and Related Assets (December 31, 2001)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$42,894
Number of Accounts1
Personal trust and agency accounts$32,608
Employee benefit-defined contribution accounts$6,263
Employee benefit-defined benefit accounts$1,711
Other retirement accounts$0
Corporate trust and agency accounts$1,022
Investment management agency accounts$0
Other fiduciary accounts$23,612
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts73
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$10,286
Corporate trust and agency accounts$117
Other fiduciary accounts$10,169
Fiduciary accounts held in foreign offices$0
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