Norwest Bank Minnesota Central, National Association in St. Cloud, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 17, 1995

  • Norwest Bank Minnesota Central, National Association in St. Cloud, Minnesota (MN)
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Norwest Bank Minnesota Central, National Association - Overview

  • General
  • FDIC Certificate #: 9755
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Norwest Bank Minnesota South, National Association (#5237)
    Federal Reserve ID: 744751
    Date Established: September 01, 1917
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Interstate: No)
    FDIC's unique #: 6242
    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: January 01, 1934
    Last Structure Change Effective Date: November 17, 1995
    Last Structure Change Process Date: January 03, 1996
    Last Data Update: January 03, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 South First Street, St. Cloud, MN 56301
    County: Stearns
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): St. Cloud, MN (#6980)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
    CBSA Metro Statistical Area: St. Cloud, MN (#41060)
  • History of Changes
  • Consolidated - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $459.4 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)
  • $125Total assets
  • $386,968Cash and due from depository institutions
  • $6,542Interest-bearing balances
  • $200Securities
  • $120,817Federal funds sold & reverse repurchase agreements
  • $610Net loans & leases
  • $246,340Loan loss allowance
  • $3,487Trading account assets
  • $0Bank premises and fixed assets
  • $4,136Other real estate owned
  • $0Goodwill and other intangibles
  • $7,637Life insurance assets
  • $886All other assets
  • $0Total liabilities and capital
  • $386,968Total liabilities
  • $364,460Total deposits
  • $350,031Interest-bearing deposits
  • $299,086Deposits held in domestic offices
  • 350031.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $4,993Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,550All other liabilities
  • $6,886Total equity capital
  • $6,886Total bank equity capital
  • $22,508Perpetual preferred stock
  • $0Common stock
  • $550Surplus
  • $17,851Undivided profits
  • Memoranda
  • $4,107Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $426Income earned, not collected on loans
  • $1,616Earning assets
  • $367,967Long-term assets (5+ years)
  • $157,002Average Assets, year-to-date
  • $415,547Average Assets, quarterly
  • $395,258Volatile liabilities
  • $21,123Insider loans
  • $10FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $19,619Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $25,269Total risk weighted assets
  • $281,495Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $27,971Total interest expense
  • $11,561Net interest income
  • $16,410Provision for loan and lease losses
  • -$875Total noninterest income
  • $4,538Fiduciary activities
  • $1Service charges on deposit accounts
  • $1,944Trading account gains & fees
  • $5Additional noninterest income
  • $2,588Total noninterest expense
  • $13,425Salaries and employee benefits
  • $4,440Premises and equipment expense
  • $1,925Additional noninterest expense
  • $7,060Pre-tax net operating income
  • $8,398Securities gains (losses)
  • $405Applicable income taxes
  • $3,223Income before extraordinary items
  • $5,580Extraordinary gains - net
  • $0Net income attributable to bank
  • $5,580Net charge-offs
  • $441Cash dividends
  • $11,650Sale, 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
  • 7.16%Cost of funding earning assets
  • 2.96%Net interest margin
  • 4.20%Noninterest income to earning assets
  • 1.16%Noninterest expense to earning assets
  • 3.44%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 2.12%Return on equity (ROE)
  • 19.90%Retained earnings to average equity (YTD only)
  • -21.65%Net charge-offs to loans
  • 0.18%Credit loss provision to net charge-offs
  • -198.41%Efficiency ratio
  • 61,930Assets per employee
  • 3.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 208.78%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 818.54%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 70.38%Net loans and leases to core deposits
  • 73.78%Equity capital to assets
  • 5.82%Core capital (leverage) ratio
  • 6.28%Tier 1 risk-based capital ratio
  • 8.98%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $415,547Average earning assets
  • $28,035Average equity
  • $390,686Average loans

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