Norwest Bank Angola in Angola, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 1994

Norwest Bank Angola in Angola, Indiana (IN)
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Norwest Bank Angola - Overview

General
FDIC Certificate #: 1840
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Indiana, National Association (#13849)
Federal Reserve ID: 377047
Date Established: April 01, 1927
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 1226
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 01, 1994
Last Structure Change Process Date: March 14, 1994
Last Data Update: March 14, 1994
Data Source Date: April 05, 2012
Location
Address: Public Square, Angola, IN 46703
County: Steuben
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Combined Statistical Area (CSA): Fort Wayne-Huntington-Auburn, IN (#258)
Core Based Statistical Area (CBSA): Angola, IN (#11420)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $83.3 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)
$30Total assets
$83,330Cash and due from depository institutions
$1,835Interest-bearing balances
$0Securities
$30,189Federal funds sold & reverse repurchase agreements
$7,000Net loans & leases
$41,200Loan loss allowance
$4,367Trading account assets
$0Bank premises and fixed assets
$1,421Other real estate owned
$5Goodwill and other intangibles
$1,680Life insurance assets
$0All other assets
$0Total liabilities and capital
$83,330Total liabilities
$77,328Total deposits
$73,122Interest-bearing deposits
$67,591Deposits held in domestic offices
73122.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$2,889Trading liabilities
$0Other borrowed funds
$2Subordinated debt
$0All other liabilities
$1,315Total equity capital
$1,315Total bank equity capital
$6,002Perpetual preferred stock
$0Common stock
$1,600Surplus
$3,867Undivided profits
Memoranda
$535Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,760Income earned, not collected on loans
$305Earning assets
$78,389Long-term assets (5+ years)
$32,580Average Assets, year-to-date
$87,729Average Assets, quarterly
$84,118Volatile liabilities
$12,638Insider loans
$137FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,772Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,002Total risk weighted assets
$51,303Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$5,977Total interest expense
$2,954Net interest income
$3,023Provision for loan and lease losses
$4,608Total noninterest income
$423Fiduciary activities
$0Service charges on deposit accounts
$262Trading account gains & fees
$0Additional noninterest income
$161Total noninterest expense
$2,808Salaries and employee benefits
$1,099Premises and equipment expense
$515Additional noninterest expense
$1,194Pre-tax net operating income
-$3,970Securities gains (losses)
$226Applicable income taxes
-$1,388Income before extraordinary items
-$2,356Extraordinary gains - net
-$146Net income attributable to bank
-$2,502Net charge-offs
$1,993Cash dividends
$0Sale, 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
7.41%Cost of funding earning assets
3.66%Net interest margin
3.75%Noninterest income to earning assets
0.52%Noninterest expense to earning assets
3.48%Net operating income to assets
-2.85%Return on assets (ROA)
-2.85%Pretax return on assets
-4.43%Return on equity (ROE)
-42.59%Retained earnings to average equity (YTD only)
-42.59%Net charge-offs to loans
3.77%Credit loss provision to net charge-offs
231.21%Efficiency ratio
81,486Assets per employee
2.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
9.58%Loss allowance to noncurrent loans
116.14%Noncurrent assets plus other real estate owned to assets
4.52%Noncurrent loans to loans
8.25%Net loans and leases to deposits
56.34%Net loans and leases to core deposits
65.01%Equity capital to assets
7.20%Core capital (leverage) ratio
7.33%Tier 1 risk-based capital ratio
11.70%Total risk-based capital ratio
Memoranda
$13Average assets
$87,729Average earning assets
$5,875Average equity
$80,678Average loans

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