Norwest Bank Minnesota South Central, National Association in Mankato, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 17, 1995

  • Norwest Bank Minnesota South Central, National Association in Mankato, Minnesota (MN)
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Norwest Bank Minnesota South Central, National Association - Overview

  • General
  • FDIC Certificate #: 5192
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Norwest Bank Minnesota South, National Association (#5237)
    Federal Reserve ID: 958754
    Date Established: July 18, 1872
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 3482
    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: Second And Hickory Streets, Mankato, MN 56001
    County: Blue Earth
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860)
    CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860)
  • History of Changes
  • Consolidated - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $422.0 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)
  • $112Total assets
  • $411,232Cash and due from depository institutions
  • $7,999Interest-bearing balances
  • $0Securities
  • $61,875Federal funds sold & reverse repurchase agreements
  • $5,146Net loans & leases
  • $329,419Loan loss allowance
  • $4,641Trading account assets
  • $0Bank premises and fixed assets
  • $3,277Other real estate owned
  • $0Goodwill and other intangibles
  • $3,200Life insurance assets
  • $316All other assets
  • $0Total liabilities and capital
  • $411,232Total liabilities
  • $388,407Total deposits
  • $374,202Interest-bearing deposits
  • $316,069Deposits held in domestic offices
  • 374202.00%% insured (estimated)
  • $79Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $8,250All other liabilities
  • $5,955Total equity capital
  • $5,955Total bank equity capital
  • $22,825Perpetual preferred stock
  • $0Common stock
  • $4,000Surplus
  • $7,766Undivided profits
  • Memoranda
  • $11,059Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $351Income earned, not collected on loans
  • $2,426Earning assets
  • $396,440Long-term assets (5+ years)
  • $61,231Average Assets, year-to-date
  • $404,425Average Assets, quarterly
  • $404,881Volatile liabilities
  • $35,315Insider loans
  • $5FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $27,984Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $24,462Total risk weighted assets
  • $341,970Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $30,339Total interest expense
  • $11,584Net interest income
  • $18,755Provision for loan and lease losses
  • $195Total noninterest income
  • $2,631Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,746Trading account gains & fees
  • $0Additional noninterest income
  • $885Total noninterest expense
  • $10,936Salaries and employee benefits
  • $4,109Premises and equipment expense
  • $1,148Additional noninterest expense
  • $5,679Pre-tax net operating income
  • $10,255Securities gains (losses)
  • -$12Applicable income taxes
  • $3,863Income before extraordinary items
  • $6,380Extraordinary gains - net
  • $0Net income attributable to bank
  • $6,380Net charge-offs
  • $176Cash dividends
  • $5,100Sale, 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
  • 7.85%Cost of funding earning assets
  • 3.00%Net interest margin
  • 4.85%Noninterest income to earning assets
  • 0.68%Noninterest expense to earning assets
  • 2.83%Net operating income to assets
  • 1.58%Return on assets (ROA)
  • 1.58%Pretax return on assets
  • 2.53%Return on equity (ROE)
  • 26.53%Retained earnings to average equity (YTD only)
  • 5.32%Net charge-offs to loans
  • 0.05%Credit loss provision to net charge-offs
  • 110.80%Efficiency ratio
  • 50,379Assets per employee
  • 3.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 79.94%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 1322.22%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 88.03%Net loans and leases to core deposits
  • 97.21%Equity capital to assets
  • 5.55%Core capital (leverage) ratio
  • 5.92%Tier 1 risk-based capital ratio
  • 7.15%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $404,425Average earning assets
  • $24,048Average equity
  • $386,696Average loans

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