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

This bank is inactive as of January 01, 1995

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

General
FDIC Certificate #: 16348
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank West, National Association (#3011)
Federal Reserve ID: 382359
Date Established: September 27, 1910
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 #: 10532
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: December 04, 1945
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: 615 Goddard Avenue, Ignacio, CO 81137
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: $39.0 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)
$11Total assets
$38,997Cash and due from depository institutions
$1,149Interest-bearing balances
$290Securities
$24,854Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$11,986Loan loss allowance
$464Trading account assets
$0Bank premises and fixed assets
$283Other real estate owned
$0Goodwill and other intangibles
$725Life insurance assets
$0All other assets
$0Total liabilities and capital
$38,997Total liabilities
$37,697Total deposits
$35,917Interest-bearing deposits
$32,016Deposits held in domestic offices
35917.00%% insured (estimated)
$53Federal funds purchased & repurchase agreements
$1,300Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$480Total equity capital
$480Total bank equity capital
$1,300Perpetual preferred stock
$0Common stock
$200Surplus
$1,460Undivided profits
Memoranda
$-360Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$187Income earned, not collected on loans
$107Earning assets
$37,130Long-term assets (5+ years)
$18,070Average Assets, year-to-date
$43,172Average Assets, quarterly
$41,770Volatile liabilities
$1,706Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,780Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,454Total risk weighted assets
$15,890Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,987Total interest expense
$954Net interest income
$2,033Provision for loan and lease losses
-$397Total noninterest income
$309Fiduciary activities
$0Service charges on deposit accounts
$167Trading account gains & fees
$0Additional noninterest income
$142Total noninterest expense
$1,345Salaries and employee benefits
$291Premises and equipment expense
$132Additional noninterest expense
$922Pre-tax net operating income
$1,394Securities gains (losses)
-$86Applicable income taxes
$448Income before extraordinary items
$860Extraordinary gains - net
$0Net income attributable to bank
$860Net charge-offs
-$172Cash dividends
$375Sale, 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
7.31%Cost of funding earning assets
2.33%Net interest margin
4.97%Noninterest income to earning assets
0.76%Noninterest expense to earning assets
3.29%Net operating income to assets
2.12%Return on assets (ROA)
1.99%Pretax return on assets
3.03%Return on equity (ROE)
48.10%Retained earnings to average equity (YTD only)
27.13%Net charge-offs to loans
-1.43%Credit loss provision to net charge-offs
230.81%Efficiency ratio
57,430Assets per employee
3.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
43.60%Loss allowance to loans
3.73%Loss allowance to noncurrent loans
248.13%Noncurrent assets plus other real estate owned to assets
0.48%Noncurrent loans to loans
1.50%Net loans and leases to deposits
33.37%Net loans and leases to core deposits
33.75%Equity capital to assets
3.33%Core capital (leverage) ratio
5.75%Tier 1 risk-based capital ratio
15.44%Total risk-based capital ratio
Memoranda
$17Average assets
$43,172Average earning assets
$1,788Average equity
$40,869Average loans

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