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

This bank is inactive as of January 01, 1995

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

General
FDIC Certificate #: 19841
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank West, National Association (#3011)
Federal Reserve ID: 74850
Date Established: March 01, 1955
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
FDIC's unique #: 13634
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: July 22, 1968
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: 1063 Main Avenue, Durango, CO 81301
County: La Plata
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
Core Based Statistical Area (CBSA): Durango, CO (#20420)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $58.5 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)
$26Total assets
$58,505Cash and due from depository institutions
$2,104Interest-bearing balances
$580Securities
$20,589Federal funds sold & reverse repurchase agreements
$7,400Net loans & leases
$26,225Loan loss allowance
$760Trading account assets
$0Bank premises and fixed assets
$1,106Other real estate owned
$0Goodwill and other intangibles
$1,081Life insurance assets
$0All other assets
$0Total liabilities and capital
$58,505Total liabilities
$56,170Total deposits
$53,865Interest-bearing deposits
$40,542Deposits held in domestic offices
53865.00%% insured (estimated)
$83Federal funds purchased & repurchase agreements
$1,352Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$953Total equity capital
$953Total bank equity capital
$2,335Perpetual preferred stock
$0Common stock
$700Surplus
$2,500Undivided profits
Memoranda
$-865Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$42Income earned, not collected on loans
$136Earning assets
$54,794Long-term assets (5+ years)
$17,605Average Assets, year-to-date
$58,337Average Assets, quarterly
$58,386Volatile liabilities
$5,103Insider loans
$13FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,901Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,289Total risk weighted assets
$33,400Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,094Total interest expense
$1,210Net interest income
$2,884Provision for loan and lease losses
-$36Total noninterest income
$897Fiduciary activities
$0Service charges on deposit accounts
$523Trading account gains & fees
$0Additional noninterest income
$374Total noninterest expense
$3,012Salaries and employee benefits
$828Premises and equipment expense
$476Additional noninterest expense
$1,708Pre-tax net operating income
$805Securities gains (losses)
-$186Applicable income taxes
$209Income before extraordinary items
$410Extraordinary gains - net
$0Net income attributable to bank
$410Net charge-offs
$343Cash dividends
$350Sale, 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
7.64%Cost of funding earning assets
2.26%Net interest margin
5.38%Noninterest income to earning assets
1.67%Noninterest expense to earning assets
5.62%Net operating income to assets
0.91%Return on assets (ROA)
0.70%Pretax return on assets
1.06%Return on equity (ROE)
13.59%Retained earnings to average equity (YTD only)
1.99%Net charge-offs to loans
1.37%Credit loss provision to net charge-offs
-10.50%Efficiency ratio
79,661Assets per employee
2.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
85.37%Loss allowance to loans
2.82%Loss allowance to noncurrent loans
1809.52%Noncurrent assets plus other real estate owned to assets
0.07%Noncurrent loans to loans
0.16%Net loans and leases to deposits
48.69%Net loans and leases to core deposits
52.33%Equity capital to assets
3.99%Core capital (leverage) ratio
5.60%Tier 1 risk-based capital ratio
9.85%Total risk-based capital ratio
Memoranda
$11Average assets
$58,337Average earning assets
$3,018Average equity
$53,610Average loans

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