Norwest Bank North Country, National Association in Brainerd, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 12, 1998

  • Norwest Bank North Country, National Association in Brainerd, Minnesota (MN)
  • Show street view No street view available for this location

Norwest Bank North Country, National Association - Overview

  • General
  • FDIC Certificate #: 34175
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Norwest Bank Minnesota South, National Association (#5237)
    Federal Reserve ID: 2409960
    Date Established: May 15, 1996
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 11 (Interstate: No)
    OTS Docket #: 14253
    FDIC's unique #: 56832
    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: May 15, 1996
    Last Structure Change Effective Date: September 12, 1998
    Last Structure Change Process Date: September 23, 1998
    Last Data Update: October 19, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1920 South Sixth Street, Brainerd, MN 56401
    County: Crow Wing
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Brainerd, MN (#14660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Consolidated - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $262.7 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
  • 121Total employees (full-time equivalent)
  • $281,336Total assets
  • $10,462Cash and due from depository institutions
  • $0Interest-bearing balances
  • $56,900Securities
  • $11,150Federal funds sold & reverse repurchase agreements
  • $188,836Net loans & leases
  • $6,159Loan loss allowance
  • $0Trading account assets
  • $3,644Bank premises and fixed assets
  • $200Other real estate owned
  • $4,694Goodwill and other intangibles
  • $0Life insurance assets
  • $5,450All other assets
  • $281,336Total liabilities and capital
  • $255,307Total liabilities
  • $233,810Total deposits
  • $202,689Interest-bearing deposits
  • $233,810Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $7,361Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,841Other borrowed funds
  • $0Subordinated debt
  • $3,295All other liabilities
  • $26,029Total equity capital
  • $26,029Total bank equity capital
  • $26,029Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $19,531Undivided profits
  • Memoranda
  • $5,498Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,576Earning assets
  • $32Long-term assets (5+ years)
  • $1,324Average Assets, year-to-date
  • $256,886Average Assets, quarterly
  • $36,973Volatile liabilities
  • $296,664Insider loans
  • $292,737FHLB advances
  • $47,317Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $25,663Total unused commitments
  • $0Restructured Loans and leases
  • $180,619Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $23,859Total interest income
  • $10,551Total interest expense
  • $13,308Net interest income
  • $3,878Provision for loan and lease losses
  • $2,388Total noninterest income
  • $0Fiduciary activities
  • $1,166Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,222Additional noninterest income
  • $11,526Total noninterest expense
  • $6,207Salaries and employee benefits
  • $1,455Premises and equipment expense
  • $3,864Additional noninterest expense
  • $292Pre-tax net operating income
  • -$4Securities gains (losses)
  • -$31Applicable income taxes
  • $319Income before extraordinary items
  • $0Extraordinary gains - net
  • $319Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $244Sale, conversion, retirement of capital stock, net
  • $5,281Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.75%Yield on earning assets
  • 3.87%Cost of funding earning assets
  • 4.88%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 4.23%Noninterest expense to earning assets
  • 0.11%Net operating income to assets
  • 0.11%Return on assets (ROA)
  • 0.10%Pretax return on assets
  • 1.08%Return on equity (ROE)
  • -16.73%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 1589.34%Credit loss provision to net charge-offs
  • 17.09%Efficiency ratio
  • 71,413Assets per employee
  • 2.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1655.49%Loss allowance to loans
  • 3.16%Loss allowance to noncurrent loans
  • 390.80%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 0.81%Net loans and leases to deposits
  • 80.76%Net loans and leases to core deposits
  • 93.25%Equity capital to assets
  • 9.25%Core capital (leverage) ratio
  • 7.57%Tier 1 risk-based capital ratio
  • 11.62%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $296,664Average earning assets
  • $29,658Average equity
  • $272,647Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Norwest Bank North Country, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents