Norwest Bank Colorado Springs, National Association in Colorado Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1995

  • Norwest Bank Colorado Springs, National Association in Colorado Springs, Colorado (CO)
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Norwest Bank Colorado Springs, National Association - Overview

  • General
  • FDIC Certificate #: 3005
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank West, National Association (#3011)
    Federal Reserve ID: 822350
    Date Established: March 07, 1907
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    FDIC's unique #: 1904
    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: January 01, 1995
    Last Structure Change Process Date: January 12, 1995
    Last Data Update: January 12, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 90 South Cascade Avenue, Colorado Springs, CO 80901
    County: El Paso
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Colorado Springs, CO (#1720)
    Core Based Statistical Area (CBSA): Colorado Springs, CO (#17820)
    CBSA Metro Statistical Area: Colorado Springs, CO (#17820)
  • Financial Summary
  • Total assets: $363.1 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)
  • $121Total assets
  • $363,127Cash and due from depository institutions
  • $25,712Interest-bearing balances
  • $0Securities
  • $148,102Federal funds sold & reverse repurchase agreements
  • $12,000Net loans & leases
  • $163,596Loan loss allowance
  • $8,136Trading account assets
  • $0Bank premises and fixed assets
  • $6,222Other real estate owned
  • $0Goodwill and other intangibles
  • $5,745Life insurance assets
  • $1,750All other assets
  • $0Total liabilities and capital
  • $363,127Total liabilities
  • $340,569Total deposits
  • $334,136Interest-bearing deposits
  • $258,521Deposits held in domestic offices
  • 334136.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $6,433Total equity capital
  • $6,433Total bank equity capital
  • $22,558Perpetual preferred stock
  • $0Common stock
  • $10,000Surplus
  • $20,326Undivided profits
  • Memoranda
  • $-7,768Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $741Income earned, not collected on loans
  • $894Earning assets
  • $323,698Long-term assets (5+ years)
  • $129,862Average Assets, year-to-date
  • $388,567Average Assets, quarterly
  • $368,952Volatile liabilities
  • $4,892Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $59,948Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $27,771Total risk weighted assets
  • $193,682Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $24,954Total interest expense
  • $8,104Net interest income
  • $16,850Provision for loan and lease losses
  • -$351Total noninterest income
  • $2,966Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,820Trading account gains & fees
  • $0Additional noninterest income
  • $1,146Total noninterest expense
  • $13,571Salaries and employee benefits
  • $4,081Premises and equipment expense
  • $1,867Additional noninterest expense
  • $7,623Pre-tax net operating income
  • $6,596Securities gains (losses)
  • -$723Applicable income taxes
  • $1,979Income before extraordinary items
  • $3,894Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,894Net charge-offs
  • -$257Cash dividends
  • $0Sale, 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
  • 6.97%Cost of funding earning assets
  • 2.26%Net interest margin
  • 4.71%Noninterest income to earning assets
  • 0.83%Noninterest expense to earning assets
  • 3.79%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 1.51%Return on equity (ROE)
  • 14.96%Retained earnings to average equity (YTD only)
  • 14.96%Net charge-offs to loans
  • -0.16%Credit loss provision to net charge-offs
  • 136.58%Efficiency ratio
  • 66,169Assets per employee
  • 3.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.74%Loss allowance to noncurrent loans
  • 1097.98%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.43%Net loans and leases to deposits
  • 48.96%Net loans and leases to core deposits
  • 49.69%Equity capital to assets
  • 6.21%Core capital (leverage) ratio
  • 7.58%Tier 1 risk-based capital ratio
  • 14.34%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $388,567Average earning assets
  • $26,032Average equity
  • $357,919Average loans

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