Norwest Bank Longmont, National Association in city_name, state_name

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

General
FDIC Certificate #: 19368
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank West, National Association (#3011)
Federal Reserve ID: 88156
Date Established: August 03, 1964
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 #: 13176
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: Febuary 01, 1965
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: 635 Coffman Street, Longmont, CO 80501
County: Boulder
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): Boulder-Longmont, CO (#1125)
Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
Core Based Statistical Area (CBSA): Boulder, CO (#14500)
CBSA Metro Statistical Area: Boulder, CO (#14500)
Financial Summary
Total assets: $86.0 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)
$29Total assets
$85,992Cash and due from depository institutions
$8,637Interest-bearing balances
$4,930Securities
$37,759Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$37,375Loan loss allowance
$953Trading account assets
$0Bank premises and fixed assets
$838Other real estate owned
$0Goodwill and other intangibles
$1,109Life insurance assets
$274All other assets
$0Total liabilities and capital
$85,992Total liabilities
$82,413Total deposits
$74,637Interest-bearing deposits
$57,930Deposits held in domestic offices
74637.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$6,700Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,076Total equity capital
$1,076Total bank equity capital
$3,579Perpetual preferred stock
$0Common stock
$540Surplus
$2,559Undivided profits
Memoranda
$480Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$23Income earned, not collected on loans
$134Earning assets
$80,064Long-term assets (5+ years)
$33,319Average Assets, year-to-date
$89,811Average Assets, quarterly
$87,875Volatile liabilities
$8,407Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$7,560Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,059Total risk weighted assets
$39,835Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$5,895Total interest expense
$2,027Net interest income
$3,868Provision for loan and lease losses
$0Total noninterest income
$806Fiduciary activities
$0Service charges on deposit accounts
$504Trading account gains & fees
$0Additional noninterest income
$302Total noninterest expense
$2,995Salaries and employee benefits
$912Premises and equipment expense
$240Additional noninterest expense
$1,843Pre-tax net operating income
$1,679Securities gains (losses)
-$54Applicable income taxes
$557Income before extraordinary items
$1,068Extraordinary gains - net
$0Net income attributable to bank
$1,068Net charge-offs
$41Cash dividends
$1,250Sale, 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
6.99%Cost of funding earning assets
2.40%Net interest margin
4.58%Noninterest income to earning assets
0.96%Noninterest expense to earning assets
3.55%Net operating income to assets
1.23%Return on assets (ROA)
1.19%Pretax return on assets
1.81%Return on equity (ROE)
21.59%Retained earnings to average equity (YTD only)
-3.68%Net charge-offs to loans
0.12%Credit loss provision to net charge-offs
0.00%Efficiency ratio
61,596Assets per employee
2.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
117.04%Loss allowance to loans
2.49%Loss allowance to noncurrent loans
4143.48%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.06%Net loans and leases to deposits
50.08%Net loans and leases to core deposits
51.25%Equity capital to assets
4.16%Core capital (leverage) ratio
5.68%Tier 1 risk-based capital ratio
12.70%Total risk-based capital ratio
Memoranda
$14Average assets
$89,811Average earning assets
$4,947Average equity
$84,394Average loans

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

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

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