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• _ r rte' >n•�r 86 NCNB Texas Reports Rarnings -- 2 Deposits at Dec. 31, 1988, totaled $20.5 bi,lion. This includes funds generated bra Continuing bonus -rate CD promotion that resulted in 41.7 billion in nearly 100,000 accounts by year -end. "This shows the continued confidence our customers have placed in the bank," said Francis B. "Buddy" hemp, chairman. Total loans at Dec. 31, 1988, were 411.6 billion. Kemp said the bank has instituted a►n aggressive program to build its lean portfolio. "We have about $3 billion in excess funding that we'd like to put to work as new loan* in Texas during 1989," he said, "and we are optimistic there will be improved loan demand in Texas as the economy continues to rebound." At Dec. 31, the reserve for loan losses was $141 million (1.21 percent of loans outstanding). The Special Asset Division reported total net assets of $6.o billio:i at Dec. 31, 1988. NCNB Texas is managing the Special Asset Division under contract. However, the cost of funding and -administering all assets in the Special -Asset Division and loss exposure are being borne by the FDIC. NCNB Texas reported consolidated total assets of 425.3 billion at year -end 1988. It is Texas' largest bank with -121 banking centers located in virtually every major market throughout the state. NCNB Corp. is a Charlotte -based holding company that numa►gesi more than $30 billion in assets and has lull- service banks in seven Southern states. ..U- fdi ores emotes A condensed balance sheet and other financial data accompany this alai release.