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The Tyler Courier-Times from Tyler, Texas • 33

Location:
Tyler, Texas
Issue Date:
Page:
33
Extracted Article Text (OCR)

OTgUr Couricr-imcclfgraph Details On 3rd Quarter Tyler Bank Deposits Sunday Page 5 tmmm OCTOBER 4. 1987 I EDITORIAL I lENERGYRSHSt BUSINESS East Texas Top 20 Banks In Terms Of Total Deposits ETexas Deposits Increase Survey Shows 2.9 Increase, While Tyler Banks Report Drop CITY DEPOSITS BANK terFirst-RepublicBank merger, creating First RepublicBank Tyler. Stote officials also approved the conversion of South Broadway Bank to a branch of Southside State Bank. Longview -bank deposits Increased 11.6 percent from $810.3 million to $904.7 million in the third quarter. Third quarter deposit totals for the Longview banks were: Bank of Longview, $67.3 million, HP $25.6 million; Texas Commerce Bank, $221.5 million, up $21.8 million; MBank Longview, $218.3 million, up $60.14 million; Longview Bank Trust.

$211.3 million, up $15.8 million; Oak Forest National Bank, $9.37 DEPOSITS Page 5, Sec. 4 By EARL J. WILKINSON Staff Writer East Texas bank deposits increased 2.9 percent In 'the third quarter of 1987, according to a sur-' vey conducted by the Tyler Courier-Times-Telegraph. The survey showed that 74 East Texas banks reported deposits of $4.4 billion in the third quarter compared with about $4.3 billion last year an overall $124.1 million increase. Despite the overall increase, 44 percent of the 74 banks surveyed reported deposit decreases.

Meanwhile, Tyler bank deposits slipped 1.8 percent in the third quarter, going from $1,199 billion in 1986 to $1,178 billion this year. The third quarter decrease was the first Tyler drop since the second quarter $1.5 million, or 15 percent, from $9.9 million to $8.4 million; Tyler National Bank, down $955,000, or 3.1 -percent, from $30.4 million to $29.5 million; and Bank of East Texas, down $369,000, or 2.9 percent, from $12.4 million to $12 million. Tyler banks reporting third quarter deposit increases were South-side State Bank, up $13.5 million, or 5.5 percent, from $242.9 million to $256.4 million; Texas American Bank Tyler, up $4.5 million, or 3.5 percent, from $126.6 million to $131.1 million; and Rose Capital Bank, up $600,000, or eight-tenths of 1 percent, from $75.8 million to $76.4 million. The Tyler banking situation changed dramatically in the third quarter with the Comptroller of the Currency approval of the Tyler In- 1501,619.000 $256,458,000 $245,031,000 $221,548,000 $218,321,000 $211,306,000 $178,412,000 $131,114,000 $107,238,000 $103,778,000 $86,443,000 $82,064,000 $80,736,000 $79,419,000 $76,407,000 $76,368,000 $73,779,000 $72,097,000 $68,420,000 $67,317,000 of 11986 when total deposits dipped less than 1 percent. Bank officials attribute the de cline to the continued low loan demand in the area.

Leading the Tyler banks' third quarter decline was the newly ere-. ated First RepublicBank, which dropped $75.1 million or 11.2 percent from $666.6 million to $591.5 million. The drop was followed by First City National Bank Tyler, which reported a $56.8 million or 18.8 percent decrease from last year's figures going from $301.8 million to $245 million. Other Tyler banks reporting deposit decreases were American National Bank, down $5.6 million, or 16.9 percent, from $32.9 million to $27.3 million; Bank of Tyler, down First RepublicBank 2. southside State 3, First City 4.

Texas Commerce 5. MBank 6. Longview Bank Trust 7. City National Bank 8. Texas American Bank 9.

First RepublicBank 10. First National Bank 11. First National Bank 12. First National Bank 13. First National Bank 14.

Allied Bank 16. Rose Capital Bank 16. Texas American Bank 17. First National Bank 18. First National Bank 19.

Allied Citizens Bank 20. Bank Of Longview Tyler Tyler Tyler Longview Longview Longview Henderson Tyler Henderson Athens Kilgore Gilmer Palestine Jacksonville Tyler Longview Jacksonville Quitman Kilgore Longview 0 Earl J. Wilkinson Building Contracts Increase 7 In Tyler Tyler area building contracts took a turn for the better in August, according to F.W. Dodge Report. Total building contracts increased 7 percent from $6.8 million last year to $7.3 million this year, while residential was up 5 percent to $4.5 million, and nonresidential was up 11 percent to $2.8 million.

For the year, total buildinglcentracts were down 34 percent to $39 million; residentiwjpntracts are down 15 percent to $28.2 million; andlnonresidential contracts are down 58 percent to $10.7 mill TV Ratings Race Heats Up In ETex EDITOR'S NOTE: Two weeks ago, newscast ratings of East Texas' television stations were reported. The following story examines ratings in other segments of the broadcast day. Competition for the local television audience has heated up since the sign-on of NBC affiliate KETK in March, Arbitron ratings show. In the three-station race for an audience in a metro market of Gregg, Smith and Cherokee counties, Tyler-based ABC affiliate KLTV is ahead of KETK, headquartered in Jacksonville, and KLMG, a Longview- based CBS affiliate that came on the air three years ago. In the six months it has been on the air, KETK has made inroads in attracting viewers, especially to the NBC prime time and late programming it carries, according to a comparison of May and July metro market Arbitron ratings for the stations.

A breakdown of May Arbitron metro market ratings for the stations throughout the day are: Weekdays from 7 a.m. to 9 a.m.: KLTV -13 rating, 48 share; KLMG 0 rating, 1 share; KETK 0 rating, 2 Weekdays from 9 a.m. to 3 p.m.: KLTV 9 rating, 30 share; KLMG 3 rating and 9 share; KETK -1 rating, 3 share. Weekdays from 3 p.m. to 6 p.m.: KLTV 9 rating, 28 share; KLMG 3 rating, 8 share; KETK 1 rating, 2 Weekdays from 6 p.m.

to 6:30 p.m.: KLTV 24 rating, 47 share; KLMG 2 rating, 5 share; KETK 3 rating, 5 share. During this time period, KLTV and KETK show their local newscasts, while KLMG, which discontinued its local news earlier this year, runs The Andy Griffith Show. Weekdays from 6:30 p.m. to 7 p.m.: KLTV 23 rating, 43 share; KLMG 3 rating, 6 share; KETK 2 rating, 4 share. MAY PRIME TIME Prime time, which includes programming from 7 p.m.

to 10 p.m. Monday through Saturday and from 6 p.m. to 10 p.m. on Sunday: KLTV 13 rating, 24 share; KLMG 5 rating, 9 share; KETK 3 rating, 6 share, Weekdays from 10 p.m. to 10:30 p.m.: KLTV 20 rating, 41 share; KLMG 4 rating, 8 share; KETK 2 rating, 3 share.

During this time slot, KLTV and KETK runs local news while KLMG runs The Andy Griffith Show. Weekdays from 10:30 p.m. to midnight: KLTV 4 rating, 18 share; KLMG 1 rating, 5 share; KETK 1 rating, 2 share. Sign on-sign off, which represents an average of daily ratings from throughout the month: KLTV 9 rating, 28 share; KLMG 2 rating, 8 share; KETK 1 rating, 4 share. A breakdown of July Arbitron metro market ratings for the stations throughout the day are: Weekdays from 7 a.m.

to 9 a.m.: KLTV -10 rating, 44 share; KLMG 0 rating, 0 share; KETK 2 rating, 8 Weekdays from 9 a.m. to 3 p.m.: KLTV 9 rating, 31 share; KLMG 2 rating, 6 share; KETK 2 rating, 9 Weekdays from 3 p.m. to 6 p.m.: KLTV 8 rating, 25 share; KLMG 2 rating, 6 share; KETK 2 rating, 6 Weekdays from 6 p.m. to 6:30 p.m.: KLTV 21 rating, 43 share; KLMG 3 rating, 6 share; KETK 2 rating, 5 Weekdays from 6:30 p.m. to 7 p.m.: KLTV 22 rating.

44 share; KLMG 2 rating, 3 share; KETK 1 rating, 3 share. -JULY PRIME TIME Prime time, which includes programming from 7 p.m. to 10 p.m. Monday through Saturday and from 6 p.m. to 10 p.m.

on Sunday: KLTV 9 rating, 18 share; KLMG 3 rating, 6 share; KETK 7 rating, 15 share. Weekdays from 10 p.m. to 10:30 p.m.: KLTV 21 rating, 44 share; KLMG 4 rating, 8 share; KETK 3 RATINGS Page 4, Sec. 4 1 1 1, i American Eagles re-starting of late night flights from Tyler Pounds Field to D-FW International Airport comes two months alter Atlantic Southeast's stab at that time perioqnetted'a higher-than-average 75 percent occupancy. Despite the success, ASA had to stop the flights due to plane problems, but airport officials say the airline will restart the flights around Nov.

1. American Eagle's return to late night began Airport officials also quietly working with, ASA to begin a 5 a.m. flight. ASA and American Eagle currently has 7 a.m. U.S.

Vs. Iran? Just a thought: if war were to develop between Iran and United States, what would happen to price of oil? ETPRO's Dan Jones says oil would "skyrocket" overnight and stabilize around range due to Wall Street panic. Meanwhile, Senate action last week to take the 11 percent of U.S. oil purchased from Iran and buy it from somewhere else probably won't have any effect on crude prices. Jones Development funds for the planned development on Spur 248 have "dried up" after zoning problems developed between the city and a group of investors hoping to put numerous projects on 916 acres, says Bill Pills-bury of Signature Properties.

"It's just a bunch of raw land that looks dead. It's hard to resurrect it." The developers were focusing on 50 acres of RPO for medical Better Business Bureau of Central East Texas officials beginning to develop membership in its new 12 Northeast Texas counties. First step is bringing aboard what is expected to be an active Gregg County Advisory Board. BBB Exec Director Kay Robinson says their goal is to work toward the new territory knowing they have toll free and local telephone lines available for BBB services. The BBB currently has more than 2,000 Birthday Celebration Kelly-Springfield's two Tyler Auto Service stores celebrating 25 years of operations six months after the plant did the same.

About 700.000 tires have been sold from the two stores since their doors opened. This year, 152 Tyler Kelly-Springfield employees will celebrate their silver anniversary with the An estimated 5,900 members of the Worldwide Church of God set to converge on Big Sandy this week! Chamber officials say that the crowds, camping in Big Sandy, annually spill over somewhat into Tyler of HW Petroleum Newsletter predicts the price of oil for the short term will decline and stabilize in the range of $18 per Earl J. Wilkinson is business editor of the Tyler Courier-Times-Telegraph. Deadline for the Sunday Business Section is noon Thursday. All business news items should be mailed to: Tyler Courier-Times-Telegraph.

410 W. Erwin. Tyler. Texas 75710. or call -f' UP AND AWAY Construction on a parking garage roof at East Texas Savings Center, 6101 Broadway, has begun.

The $250,000 project is being done by Client Construction, city reports show. (Staff Photo By Paul Buck) Tyler Building Permits Take September Drop: City Report in September, one permit for a medical and institutional building worth one permit for service stationgarage. three for storemercantile building, five for relocated buildings, five for relocated buildings, $41,900. Also, one for building moved out of the city, four for building r. demolition, 28 for heating PERMITS Page 4, Sec.

4 $33.7 million have been issued, compared with 1,269 worth $49.25 million through the first nine months of 1986 a 31.4 percent drop. Building permits for single-family residences took a nosedive in September as five permits worth $688,500 were issued, compared with $1.4 million in permits issued last year. In other major permit categories Tyler building permits, minus the multi-million dollar commercial projects that dotted last year's report, droppe i 52.6 percent in September, according to a building report issued by the City of Tyler. Figures show that 117 permits were issued worth $2.8 million in September, compared with 133 worth $5.9 million issued in September 1986. For the year.

1,090 permits worth Oil Company Master Limited Partnerships Have Lost Favor "They have been laggards. They have not performed in the stock market like the independents or the integrated companies. Richard Straley I sitj'J t- 9 'hi rr I DALLAS (API Many oil company master limited partnerships did what they had to do about reducing payouts following last year's oil price crash. But the moves haven't been popular with investors. While some of the better-managed independent producers and oil service companies have enjoyed renewed investor interest this year with oil prices back at $19-a-barrel levels, the MLPs.

for the most part, remain also-rans. "They have been laggards." said Richard Straley, investment analyst with Eppler Guerin Turner in Dallas. "They have not performed in the stock market like the tracted by the high yields and tax benefits. An investment pioneered by oil companies, an MLP enables an individual to have a direct ownership in ongoing oil and gas properties and share in the high yields and tax breaks that pass from the investment. Units in a partnership eliminate one layer of taxation because OIL Page 4.

Sec. 4 independents or the integrated companies." Faced with a cash flow drain, the partnerships were forced to cut their once-generous cash distributions and to dig in, like their corporate counterparts, to wait out an improvement in oil and gas prices. In so doing, many of the partnerships lost favor with income-oriented investors who were initially at SILVER GHOST The car that started Rolls-Royce's fortunes, the Silver Ghost, was feated recently by company executives to celebrate its 80th anniversary. (United Press International).

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Pages Available:
431,700
Years Available:
1911-2007