Norwest Bank International Falls, National Association in International Falls, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 12, 1998

Norwest Bank International Falls, National Association in International Falls, Minnesota (MN)
Show street view No street view available for this location

Norwest Bank International Falls, National Association - Overview

General
FDIC Certificate #: 5168
Status: Inactive
Closing history: Corrections
Acquiring institution: Norwest Bank Minnesota North, National Association (#5125)
Federal Reserve ID: 951951
Date Established: August 22, 1904
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
OTS Docket #: 9454
FDIC's unique #: 3462
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 12, 1998
Last Structure Change Process Date: September 23, 1998
Last Data Update: July 28, 1999
Data Source Date: April 05, 2012
Location
Address: 419-421 Third Street, International Falls, MN 56649
County: Koochiching
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Forks
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of Changes
Consolidated - Without Assistance
Corrections
Financial Summary
Total assets: $135.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
54Total employees (full-time equivalent)
$132,729Total assets
$7,097Cash and due from depository institutions
$2,862Interest-bearing balances
$35,842Securities
$2,915Federal funds sold & reverse repurchase agreements
$83,686Net loans & leases
$3,206Loan loss allowance
$0Trading account assets
$812Bank premises and fixed assets
$117Other real estate owned
$559Goodwill and other intangibles
$0Life insurance assets
$1,701All other assets
$132,729Total liabilities and capital
$120,050Total liabilities
$118,122Total deposits
$107,140Interest-bearing deposits
$118,122Deposits held in domestic offices
0.00%% insured (estimated)
$105Federal funds purchased & repurchase agreements
$0Trading liabilities
$764Other borrowed funds
$0Subordinated debt
$1,059All other liabilities
$12,679Total equity capital
$12,679Total bank equity capital
$12,679Perpetual preferred stock
$0Common stock
$1,000Surplus
$3,729Undivided profits
Memoranda
$7,950Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,062Earning assets
$412Long-term assets (5+ years)
$857Average Assets, year-to-date
$125,305Average Assets, quarterly
$25,557Volatile liabilities
$134,639Insider loans
$134,400FHLB advances
$20,285Loans and leases held for sale
$23Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,106Total unused commitments
$0Restructured Loans and leases
$84,919Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$11,248Total interest income
$4,715Total interest expense
$6,533Net interest income
$1,852Provision for loan and lease losses
$1,050Total noninterest income
$0Fiduciary activities
$474Service charges on deposit accounts
$0Trading account gains & fees
$576Additional noninterest income
$4,087Total noninterest expense
$2,352Salaries and employee benefits
$594Premises and equipment expense
$1,141Additional noninterest expense
$1,644Pre-tax net operating income
$20Securities gains (losses)
$663Applicable income taxes
$1,001Income before extraordinary items
$0Extraordinary gains - net
$1,001Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$45Sale, conversion, retirement of capital stock, net
$500Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.83%Yield on earning assets
3.70%Cost of funding earning assets
5.13%Net interest margin
0.82%Noninterest income to earning assets
3.21%Noninterest expense to earning assets
0.73%Net operating income to assets
0.74%Return on assets (ROA)
1.24%Pretax return on assets
7.96%Return on equity (ROE)
3.99%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
4115.56%Credit loss provision to net charge-offs
77.69%Efficiency ratio
53,343Assets per employee
2.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.95%Loss allowance to loans
3.69%Loss allowance to noncurrent loans
301.88%Noncurrent assets plus other real estate owned to assets
0.89%Noncurrent loans to loans
1.22%Net loans and leases to deposits
70.85%Net loans and leases to core deposits
84.78%Equity capital to assets
9.55%Core capital (leverage) ratio
8.94%Tier 1 risk-based capital ratio
13.93%Total risk-based capital ratio
Memoranda
$15Average assets
$134,639Average earning assets
$12,571Average equity
$127,321Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Norwest Bank International Falls, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.