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

This bank is inactive as of August 26, 2000

  • Norwest Bank Minnesota West, National Association in Moorhead, Minnesota (MN)
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Norwest Bank Minnesota West, National Association - Overview

  • General
  • FDIC Certificate #: 5124
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Minnesota, National Association (#5208)
    Federal Reserve ID: 123253
    Date Established: May 15, 1927
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 12 (Interstate: No)
    FDIC's unique #: 3428
    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: August 26, 2000
    Last Structure Change Process Date: September 20, 2000
    Last Data Update: September 20, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 730 Center Avenue, Moorhead, MN 56560
    County: Clay
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520)
    Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
    Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
    CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
  • Financial Summary
  • Total assets: $575.6 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
  • 142Total employees (full-time equivalent)
  • $568,800Total assets
  • $26,759Cash and due from depository institutions
  • $16,496Interest-bearing balances
  • $132,130Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $396,217Net loans & leases
  • $6,153Loan loss allowance
  • $0Trading account assets
  • $4,299Bank premises and fixed assets
  • $112Other real estate owned
  • $631Goodwill and other intangibles
  • $0Life insurance assets
  • $8,652All other assets
  • $568,800Total liabilities and capital
  • $508,550Total liabilities
  • $464,203Total deposits
  • $391,670Interest-bearing deposits
  • $464,203Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $36,120Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $253Other borrowed funds
  • $0Subordinated debt
  • $7,974All other liabilities
  • $60,250Total equity capital
  • $60,250Total bank equity capital
  • $60,250Perpetual preferred stock
  • $0Common stock
  • $925Surplus
  • $52,351Undivided profits
  • Memoranda
  • $6,974Noncurrent loans and leases
  • $24,500Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,944Earning assets
  • $2,604Long-term assets (5+ years)
  • $4,563Average Assets, year-to-date
  • $544,843Average Assets, quarterly
  • $155,065Volatile liabilities
  • $581,510Insider loans
  • $573,943FHLB advances
  • $50,226Loans and leases held for sale
  • $76Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $75,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $24,500Total unused commitments
  • $0Restructured Loans and leases
  • $3,882Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $42,107Total interest income
  • $14,712Total interest expense
  • $27,395Net interest income
  • $90Provision for loan and lease losses
  • $5,890Total noninterest income
  • $271Fiduciary activities
  • $3,647Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,972Additional noninterest income
  • $16,464Total noninterest expense
  • $5,304Salaries and employee benefits
  • $1,440Premises and equipment expense
  • $9,720Additional noninterest expense
  • $16,731Pre-tax net operating income
  • -$252Securities gains (losses)
  • $5,363Applicable income taxes
  • $11,116Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,116Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $769Sale, conversion, retirement of capital stock, net
  • $7,600Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.64%Yield on earning assets
  • 2.67%Cost of funding earning assets
  • 4.97%Net interest margin
  • 1.07%Noninterest income to earning assets
  • 2.99%Noninterest expense to earning assets
  • 1.94%Net operating income to assets
  • 1.91%Return on assets (ROA)
  • 2.83%Pretax return on assets
  • 18.53%Return on equity (ROE)
  • 5.86%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 11.70%Credit loss provision to net charge-offs
  • 21.87%Efficiency ratio
  • 49,244Assets per employee
  • 4.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.37%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 156.01%Noncurrent assets plus other real estate owned to assets
  • 0.71%Noncurrent loans to loans
  • 0.98%Net loans and leases to deposits
  • 85.35%Net loans and leases to core deposits
  • 87.98%Equity capital to assets
  • 10.59%Core capital (leverage) ratio
  • 10.72%Tier 1 risk-based capital ratio
  • 19.77%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $581,510Average earning assets
  • $59,977Average equity
  • $551,004Average loans

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