Norwest Bank Garden of the Gods, National Association in city_name, state_name

Norwest Bank Garden of the Gods, National Association in Colorado Springs, Colorado (CO)
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Norwest Bank Garden of the Gods, National Association - Overview

General
FDIC Certificate #: 22435
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank West, National Association (#3011)
Federal Reserve ID: 902850
Date Established: March 22, 1977
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 15634
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: March 22, 1977
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: 560 Garden Of The Gods Road, Colorado Springs, CO 80907
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: $48.5 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)
$19Total assets
$48,493Cash and due from depository institutions
$8,749Interest-bearing balances
$6,020Securities
$22,740Federal funds sold & reverse repurchase agreements
$4,800Net loans & leases
$10,902Loan loss allowance
$292Trading account assets
$0Bank premises and fixed assets
$866Other real estate owned
$0Goodwill and other intangibles
$436Life insurance assets
$0All other assets
$0Total liabilities and capital
$48,493Total liabilities
$46,711Total deposits
$46,474Interest-bearing deposits
$32,328Deposits held in domestic offices
46474.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$237Total equity capital
$237Total bank equity capital
$1,782Perpetual preferred stock
$0Common stock
$375Surplus
$750Undivided profits
Memoranda
$657Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$43Income earned, not collected on loans
$51Earning assets
$44,462Long-term assets (5+ years)
$19,784Average Assets, year-to-date
$50,320Average Assets, quarterly
$50,157Volatile liabilities
$955Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,298Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,743Total risk weighted assets
$18,525Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,045Total interest expense
$724Net interest income
$2,321Provision for loan and lease losses
-$79Total noninterest income
$733Fiduciary activities
$0Service charges on deposit accounts
$429Trading account gains & fees
$0Additional noninterest income
$304Total noninterest expense
$2,083Salaries and employee benefits
$442Premises and equipment expense
$223Additional noninterest expense
$1,418Pre-tax net operating income
$1,050Securities gains (losses)
-$88Applicable income taxes
$334Income before extraordinary items
$628Extraordinary gains - net
$0Net income attributable to bank
$628Net charge-offs
$55Cash dividends
$550Sale, 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
6.46%Cost of funding earning assets
1.54%Net interest margin
4.92%Noninterest income to earning assets
1.56%Noninterest expense to earning assets
4.42%Net operating income to assets
1.36%Return on assets (ROA)
1.25%Pretax return on assets
1.91%Return on equity (ROE)
25.63%Retained earnings to average equity (YTD only)
3.18%Net charge-offs to loans
0.51%Credit loss provision to net charge-offs
-143.64%Efficiency ratio
68,206Assets per employee
2.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
87.58%Loss allowance to loans
2.61%Loss allowance to noncurrent loans
679.07%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.38%Net loans and leases to deposits
23.46%Net loans and leases to core deposits
23.95%Equity capital to assets
3.67%Core capital (leverage) ratio
5.64%Tier 1 risk-based capital ratio
14.81%Total risk-based capital ratio
Memoranda
$16Average assets
$50,320Average earning assets
$2,451Average equity
$47,128Average loans

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

Norwest Bank Garden of the Gods, National Association - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

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

Norwest Bank Garden of the Gods, National Association - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

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