West Side National Bank of Pearland in Pearland, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 24, 1994

  • West Side National Bank of Pearland in Pearland, Texas (TX)
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West Side National Bank of Pearland - Overview

  • General
  • FDIC Certificate #: 24548
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Harrisburg Bank, Houston, Texas (#3261)
    Federal Reserve ID: 5863
    Date Established: June 01, 1983
    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 #: 17053
    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: June 01, 1983
    Last Structure Change Effective Date: June 24, 1994
    Last Structure Change Process Date: July 21, 1994
    Last Data Update: July 21, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 5208 West Broadway, Pearland, TX 77581
    County: Brazoria
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Brazoria, TX (#1145)
    Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42)
    Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
    Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420)
    CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
  • History of Changes
  • Merger - Without Assistance
    Participated in Reorganization
  • Financial Summary
  • Total assets: $56.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $22Total assets
  • $55,797Cash and due from depository institutions
  • $3,466Interest-bearing balances
  • $982Securities
  • $31,263Federal funds sold & reverse repurchase agreements
  • $2,891Net loans & leases
  • $16,223Loan loss allowance
  • $322Trading account assets
  • $0Bank premises and fixed assets
  • $1,516Other real estate owned
  • $20Goodwill and other intangibles
  • $418Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $55,797Total liabilities
  • $50,804Total deposits
  • $50,371Interest-bearing deposits
  • $37,620Deposits held in domestic offices
  • 50371.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $433Total equity capital
  • $433Total bank equity capital
  • $4,993Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $1,500Undivided profits
  • Memoranda
  • $1,993Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $401Income earned, not collected on loans
  • $64Earning assets
  • $51,359Long-term assets (5+ years)
  • $4,290Average Assets, year-to-date
  • $55,930Average Assets, quarterly
  • $55,386Volatile liabilities
  • $4,895Insider loans
  • $565FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,893Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,993Total risk weighted assets
  • $21,916Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,437Total interest expense
  • $1,170Net interest income
  • $2,267Provision for loan and lease losses
  • $75Total noninterest income
  • $757Fiduciary activities
  • $0Service charges on deposit accounts
  • $582Trading account gains & fees
  • $0Additional noninterest income
  • $175Total noninterest expense
  • $2,014Salaries and employee benefits
  • $928Premises and equipment expense
  • $310Additional noninterest expense
  • $776Pre-tax net operating income
  • $935Securities gains (losses)
  • $0Applicable income taxes
  • $317Income before extraordinary items
  • $618Extraordinary gains - net
  • -$3Net income attributable to bank
  • $615Net charge-offs
  • $40Cash dividends
  • $300Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.77%Cost of funding earning assets
  • 2.30%Net interest margin
  • 4.46%Noninterest income to earning assets
  • 1.49%Noninterest expense to earning assets
  • 3.96%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 1.67%Return on equity (ROE)
  • 12.75%Retained earnings to average equity (YTD only)
  • 6.53%Net charge-offs to loans
  • 0.23%Credit loss provision to net charge-offs
  • 187.50%Efficiency ratio
  • 66,601Assets per employee
  • 2.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.78%Loss allowance to loans
  • 1.95%Loss allowance to noncurrent loans
  • 80.30%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 2.42%Net loans and leases to deposits
  • 32.21%Net loans and leases to core deposits
  • 35.67%Equity capital to assets
  • 8.95%Core capital (leverage) ratio
  • 8.86%Tier 1 risk-based capital ratio
  • 22.78%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $55,930Average earning assets
  • $4,824Average equity
  • $50,802Average loans

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