The First National Bank of Hereford in Hereford, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 25, 1995

  • The First National Bank of Hereford in Hereford, Texas (TX)
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The First National Bank of Hereford - Overview

  • General
  • FDIC Certificate #: 3252
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: FirstBank Southwest (#3387)
    Federal Reserve ID: 58458
    Date Established: October 23, 1900
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 2100
    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: August 25, 1995
    Last Structure Change Process Date: August 31, 1995
    Last Data Update: August 31, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 North Main Street, Hereford, TX 79045
    County: Deaf Smith
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Hereford, TX (#25820)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $84.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $31Total assets
  • $88,707Cash and due from depository institutions
  • $7,021Interest-bearing balances
  • $0Securities
  • $25,246Federal funds sold & reverse repurchase agreements
  • $7,500Net loans & leases
  • $44,039Loan loss allowance
  • $597Trading account assets
  • $0Bank premises and fixed assets
  • $2,251Other real estate owned
  • $67Goodwill and other intangibles
  • $2,583Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $88,707Total liabilities
  • $78,699Total deposits
  • $76,716Interest-bearing deposits
  • $56,881Deposits held in domestic offices
  • 76716.00%% insured (estimated)
  • $72Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $460Subordinated debt
  • $0All other liabilities
  • $1,523Total equity capital
  • $1,523Total bank equity capital
  • $10,008Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $4,000Undivided profits
  • Memoranda
  • $5,008Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11Income earned, not collected on loans
  • $1,021Earning assets
  • $76,785Long-term assets (5+ years)
  • $1,110Average Assets, year-to-date
  • $89,392Average Assets, quarterly
  • $86,297Volatile liabilities
  • $15,447Insider loans
  • $1,388FHLB advances
  • $0Loans and leases held for sale
  • $109Unused loan commitments
  • $28,432Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,248Total risk weighted assets
  • $54,437Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,911Total interest expense
  • $1,834Net interest income
  • $4,077Provision for loan and lease losses
  • -$200Total noninterest income
  • $381Fiduciary activities
  • $0Service charges on deposit accounts
  • $279Trading account gains & fees
  • $0Additional noninterest income
  • $102Total noninterest expense
  • $2,414Salaries and employee benefits
  • $1,268Premises and equipment expense
  • $299Additional noninterest expense
  • $847Pre-tax net operating income
  • $2,244Securities gains (losses)
  • -$6Applicable income taxes
  • $762Income before extraordinary items
  • $1,476Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,476Net charge-offs
  • -$129Cash dividends
  • $1,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.52%Cost of funding earning assets
  • 2.33%Net interest margin
  • 5.19%Noninterest income to earning assets
  • 0.48%Noninterest expense to earning assets
  • 3.07%Net operating income to assets
  • 1.66%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 2.50%Return on equity (ROE)
  • 14.46%Retained earnings to average equity (YTD only)
  • 4.66%Net charge-offs to loans
  • -0.28%Credit loss provision to net charge-offs
  • 155.04%Efficiency ratio
  • 54,150Assets per employee
  • 2.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.75%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 5427.27%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 57.41%Net loans and leases to core deposits
  • 71.34%Equity capital to assets
  • 11.28%Core capital (leverage) ratio
  • 11.98%Tier 1 risk-based capital ratio
  • 18.83%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $89,392Average earning assets
  • $10,208Average equity
  • $78,565Average loans

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