Norwest Bank LaPorte in La Porte, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 27, 1995

  • Norwest Bank LaPorte in La Porte, Indiana (IN)
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Norwest Bank LaPorte - Overview

  • General
  • FDIC Certificate #: 15456
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Indiana, National Association (#13849)
    Federal Reserve ID: 154743
    Date Established: January 01, 1917
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 9984
    FDIC's unique #: 9766
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 18, 1937
    Last Structure Change Effective Date: January 27, 1995
    Last Structure Change Process Date: Febuary 22, 1995
    Last Data Update: Febuary 22, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 601 Jackson Street, La Porte, IN 46350
    County: La Porte
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Michigan City-La Porte, IN (#33140)
    CBSA Metro Statistical Area: Michigan City-La Porte, IN (#33140)
  • Financial Summary
  • Total assets: $132.2 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $48Total assets
  • $132,212Cash and due from depository institutions
  • $7,991Interest-bearing balances
  • $0Securities
  • $37,415Federal funds sold & reverse repurchase agreements
  • $9,000Net loans & leases
  • $73,017Loan loss allowance
  • $1,221Trading account assets
  • $0Bank premises and fixed assets
  • $1,509Other real estate owned
  • $0Goodwill and other intangibles
  • $3,280Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $132,212Total liabilities
  • $124,176Total deposits
  • $119,132Interest-bearing deposits
  • $103,888Deposits held in domestic offices
  • 119132.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $3,028Trading liabilities
  • $0Other borrowed funds
  • $336Subordinated debt
  • $0All other liabilities
  • $1,680Total equity capital
  • $1,680Total bank equity capital
  • $8,036Perpetual preferred stock
  • $0Common stock
  • $1,870Surplus
  • $7,146Undivided profits
  • Memoranda
  • $-980Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,578Income earned, not collected on loans
  • $645Earning assets
  • $119,432Long-term assets (5+ years)
  • $33,665Average Assets, year-to-date
  • $138,328Average Assets, quarterly
  • $134,292Volatile liabilities
  • $8,984Insider loans
  • $461FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $13,537Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,876Total risk weighted assets
  • $80,622Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,537Total interest expense
  • $1,230Net interest income
  • $1,307Provision for loan and lease losses
  • $0Total noninterest income
  • $202Fiduciary activities
  • $68Service charges on deposit accounts
  • $100Trading account gains & fees
  • $1Additional noninterest income
  • $33Total noninterest expense
  • $986Salaries and employee benefits
  • $493Premises and equipment expense
  • $158Additional noninterest expense
  • $335Pre-tax net operating income
  • $523Securities gains (losses)
  • -$774Applicable income taxes
  • -$111Income before extraordinary items
  • -$140Extraordinary gains - net
  • $0Net income attributable to bank
  • -$140Net charge-offs
  • $773Cash 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
  • 1.97%Cost of funding earning assets
  • 0.96%Net interest margin
  • 1.02%Noninterest income to earning assets
  • 0.16%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • -0.10%Pretax return on assets
  • -0.18%Return on equity (ROE)
  • -1.53%Retained earnings to average equity (YTD only)
  • -1.53%Net charge-offs to loans
  • 0.99%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 65,341Assets per employee
  • 2.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 77.38%Noncurrent assets plus other real estate owned to assets
  • 1.19%Noncurrent loans to loans
  • 2.13%Net loans and leases to deposits
  • 61.29%Net loans and leases to core deposits
  • 64.50%Equity capital to assets
  • 6.08%Core capital (leverage) ratio
  • 6.71%Tier 1 risk-based capital ratio
  • 11.01%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $138,328Average earning assets
  • $9,157Average equity
  • $128,710Average loans

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