Norwest Bank New Mexico Northeast, National Association
Norwest Bank New Mexico Northeast, National Association in Tucumcari, New Mexico (NM) Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of May 16, 1998
Norwest Bank New Mexico Northeast, National Association in Tucumcari, New Mexico (NM)
Norwest Bank New Mexico Northeast, National Association - Overview
General
FDIC Certificate #: 2254 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wells Fargo Bank New Mexico, National Association (#2252) Federal Reserve ID: 382957 Date Established: January 01, 1901 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 13491 FDIC's unique #: 1500 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: May 16, 1998 Last Structure Change Process Date: June 08, 1998 Last Data Update: June 08, 1998 Data Source Date: April 05, 2012
Location
Address: 302 South First Street, Tucumcari, NM 88401 County: Quay Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Kansas City FDIC Field Office: Albuquerque Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West
Financial Summary
Total assets: $93.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
59Total employees (full-time equivalent)
$93,446Total assets
$8,810Cash and due from depository institutions
$329Interest-bearing balances
$7,970Securities
$18,700Federal funds sold & reverse repurchase agreements
$54,201Net loans & leases
$1,626Loan loss allowance
$0Trading account assets
$1,943Bank premises and fixed assets
$116Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,706All other assets
$93,446Total liabilities and capital
$85,069Total liabilities
$84,202Total deposits
$69,752Interest-bearing deposits
$84,202Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$867All other liabilities
$8,377Total equity capital
$8,377Total bank equity capital
$8,377Perpetual preferred stock
$0Common stock
$2,000Surplus
$2,000Undivided profits
Memoranda
$4,377Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$399Earning assets
$0Long-term assets (5+ years)
$855Average Assets, year-to-date
$81,200Average Assets, quarterly
$4,318Volatile liabilities
$91,534Insider loans
$92,484FHLB advances
$6,195Loans and leases held for sale
$437Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,193Total unused commitments
$0Restructured Loans and leases
$58,668Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$7,004Total interest income
$2,782Total interest expense
$4,222Net interest income
$1,521Provision for loan and lease losses
$989Total noninterest income
$0Fiduciary activities
$722Service charges on deposit accounts
$0Trading account gains & fees
$267Additional noninterest income
$4,877Total noninterest expense
$2,435Salaries and employee benefits
$1,121Premises and equipment expense
$1,321Additional noninterest expense
-$1,187Pre-tax net operating income
-$222Securities gains (losses)
-$353Applicable income taxes
-$1,056Income before extraordinary items
$0Extraordinary gains - net
-$1,056Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$446Sale, conversion, retirement of capital stock, net
$50Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.89%Yield on earning assets
3.53%Cost of funding earning assets
5.36%Net interest margin
1.25%Noninterest income to earning assets
6.19%Noninterest expense to earning assets
-0.97%Net operating income to assets
-1.15%Return on assets (ROA)
-1.54%Pretax return on assets
-12.27%Return on equity (ROE)
-12.85%Retained earnings to average equity (YTD only)
0.76%Net charge-offs to loans
341.03%Credit loss provision to net charge-offs
0.75%Efficiency ratio
93,590Assets per employee
1.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
-4.73%Loss allowance to loans
2.91%Loss allowance to noncurrent loans
407.52%Noncurrent assets plus other real estate owned to assets
0.55%Noncurrent loans to loans
0.71%Net loans and leases to deposits
64.37%Net loans and leases to core deposits
69.48%Equity capital to assets
8.96%Core capital (leverage) ratio
8.84%Tier 1 risk-based capital ratio
14.22%Total risk-based capital ratio
Memoranda
$15Average assets
$91,534Average earning assets
$8,608Average equity
$78,825Average loans
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Norwest Bank New Mexico Northeast, National Association
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