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

This bank is inactive as of July 08, 2000

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

  • General
  • FDIC Certificate #: 5237
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Minnesota, National Association (#5208)
    Federal Reserve ID: 175252
    Date Established: January 01, 1868
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 47 (Interstate: No)
    OTS Docket #: 12714
    FDIC's unique #: 3519
    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: July 08, 2000
    Last Structure Change Process Date: August 17, 2000
    Last Data Update: August 17, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 21 First Street, S.W., Rochester, MN 55902
    County: Olmsted
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Rochester, MN (#6820)
    Core Based Statistical Area (CBSA): Rochester, MN (#40340)
    CBSA Metro Statistical Area: Rochester, MN (#40340)
  • Financial Summary
  • Total assets: $2,460.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1999)

  • Dollar figures in thousands
  • 761Total employees (full-time equivalent)
  • $2,359,452Total assets
  • $63,152Cash and due from depository institutions
  • $15,447Interest-bearing balances
  • $478,559Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,723,690Net loans & leases
  • $26,652Loan loss allowance
  • $0Trading account assets
  • $33,039Bank premises and fixed assets
  • $250Other real estate owned
  • $4,114Goodwill and other intangibles
  • $0Life insurance assets
  • $56,648All other assets
  • $2,359,452Total liabilities and capital
  • $2,197,194Total liabilities
  • $2,047,674Total deposits
  • $1,669,085Interest-bearing deposits
  • $2,047,674Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $78,458Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,790Other borrowed funds
  • $29,000Subordinated debt
  • $40,272All other liabilities
  • $162,258Total equity capital
  • $162,258Total bank equity capital
  • $162,258Perpetual preferred stock
  • $0Common stock
  • $25,000Surplus
  • $104,817Undivided profits
  • Memoranda
  • $32,441Noncurrent loans and leases
  • $185,930Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $12,654Earning assets
  • $3,330Long-term assets (5+ years)
  • $12,890Average Assets, year-to-date
  • $2,217,696Average Assets, quarterly
  • $479,390Volatile liabilities
  • $2,424,064Insider loans
  • $2,371,287FHLB advances
  • $220,853Loans and leases held for sale
  • $4Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $185,930Total unused commitments
  • $0Restructured Loans and leases
  • $53,316Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $168,189Total interest income
  • $68,937Total interest expense
  • $99,252Net interest income
  • $13,319Provision for loan and lease losses
  • $30,730Total noninterest income
  • $0Fiduciary activities
  • $15,338Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15,392Additional noninterest income
  • $73,910Total noninterest expense
  • $31,564Salaries and employee benefits
  • $8,387Premises and equipment expense
  • $33,959Additional noninterest expense
  • $42,753Pre-tax net operating income
  • -$2,115Securities gains (losses)
  • $14,631Applicable income taxes
  • $26,007Income before extraordinary items
  • $0Extraordinary gains - net
  • $26,007Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $11,114Sale, conversion, retirement of capital stock, net
  • $25,400Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.46%Yield on earning assets
  • 3.06%Cost of funding earning assets
  • 4.40%Net interest margin
  • 1.36%Noninterest income to earning assets
  • 3.28%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.68%Pretax return on assets
  • 15.81%Return on equity (ROE)
  • 0.37%Retained earnings to average equity (YTD only)
  • 0.65%Net charge-offs to loans
  • 119.84%Credit loss provision to net charge-offs
  • 5.05%Efficiency ratio
  • 56,622Assets per employee
  • 3.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 97.67%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 210.62%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.72%Net loans and leases to deposits
  • 84.18%Net loans and leases to core deposits
  • 90.38%Equity capital to assets
  • 6.88%Core capital (leverage) ratio
  • 6.65%Tier 1 risk-based capital ratio
  • 8.13%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $2,424,064Average earning assets
  • $164,510Average equity
  • $2,255,373Average loans

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