Norwest Bank Monticello in Monticello, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 1994

Norwest Bank Monticello in Monticello, Indiana (IN)
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Norwest Bank Monticello - Overview

General
FDIC Certificate #: 1836
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Indiana, National Association (#13849)
Federal Reserve ID: 936341
Date Established: August 01, 1932
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
FDIC's unique #: 1222
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 01, 1994
Last Structure Change Process Date: March 14, 1994
Last Data Update: March 14, 1994
Data Source Date: April 05, 2012
Location
Address: 119 North Main Street, Monticello, IN 47960
County: White
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $114.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$46Total assets
$114,000Cash and due from depository institutions
$5,142Interest-bearing balances
$0Securities
$45,751Federal funds sold & reverse repurchase agreements
$7,400Net loans & leases
$48,526Loan loss allowance
$3,071Trading account assets
$0Bank premises and fixed assets
$1,757Other real estate owned
$1Goodwill and other intangibles
$2,193Life insurance assets
$3,230All other assets
$0Total liabilities and capital
$114,000Total liabilities
$99,937Total deposits
$97,927Interest-bearing deposits
$84,334Deposits held in domestic offices
97927.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$245Trading liabilities
$0Other borrowed funds
$3Subordinated debt
$0All other liabilities
$1,762Total equity capital
$1,762Total bank equity capital
$14,063Perpetual preferred stock
$0Common stock
$1,621Surplus
$13,377Undivided profits
Memoranda
$-935Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,653Income earned, not collected on loans
$502Earning assets
$101,677Long-term assets (5+ years)
$34,087Average Assets, year-to-date
$117,463Average Assets, quarterly
$112,258Volatile liabilities
$6,958Insider loans
$203FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,644Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,616Total risk weighted assets
$62,420Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$8,051Total interest expense
$3,230Net interest income
$4,821Provision for loan and lease losses
$2,588Total noninterest income
$697Fiduciary activities
$0Service charges on deposit accounts
$438Trading account gains & fees
$0Additional noninterest income
$259Total noninterest expense
$4,757Salaries and employee benefits
$1,878Premises and equipment expense
$606Additional noninterest expense
$2,273Pre-tax net operating income
-$1,827Securities gains (losses)
$40Applicable income taxes
-$189Income before extraordinary items
-$1,598Extraordinary gains - net
-$305Net income attributable to bank
-$1,903Net charge-offs
$1,524Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.66%Cost of funding earning assets
3.07%Net interest margin
4.59%Noninterest income to earning assets
0.66%Noninterest expense to earning assets
4.53%Net operating income to assets
-1.39%Return on assets (ROA)
-1.62%Pretax return on assets
-1.78%Return on equity (ROE)
-13.21%Retained earnings to average equity (YTD only)
-13.21%Net charge-offs to loans
2.52%Credit loss provision to net charge-offs
169.82%Efficiency ratio
67,416Assets per employee
2.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.95%Loss allowance to noncurrent loans
115.76%Noncurrent assets plus other real estate owned to assets
2.33%Noncurrent loans to loans
5.14%Net loans and leases to deposits
49.55%Net loans and leases to core deposits
53.20%Equity capital to assets
12.34%Core capital (leverage) ratio
10.43%Tier 1 risk-based capital ratio
17.01%Total risk-based capital ratio
Memoranda
$18Average assets
$117,463Average earning assets
$14,406Average equity
$105,049Average loans

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