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

This bank is inactive as of March 01, 1994

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

General
FDIC Certificate #: 13127
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Indiana, National Association (#13849)
Federal Reserve ID: 54946
Date Established: January 23, 1904
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Interstate: No)
FDIC's unique #: 8303
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: 12-14 North Broadway Avenue, Peru, IN 46970
County: Miami
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
Combined Statistical Area (CSA): Kokomo-Peru, IN (#316)
Core Based Statistical Area (CBSA): Peru, IN (#37940)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $83.5 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)
$36Total assets
$83,530Cash and due from depository institutions
$2,795Interest-bearing balances
$0Securities
$48,297Federal funds sold & reverse repurchase agreements
$3,000Net loans & leases
$22,889Loan loss allowance
$1,696Trading account assets
$0Bank premises and fixed assets
$1,263Other real estate owned
$51Goodwill and other intangibles
$1,712Life insurance assets
$3,523All other assets
$0Total liabilities and capital
$83,530Total liabilities
$73,474Total deposits
$71,436Interest-bearing deposits
$66,415Deposits held in domestic offices
71436.00%% insured (estimated)
$82Federal funds purchased & repurchase agreements
$762Trading liabilities
$0Other borrowed funds
$1Subordinated debt
$0All other liabilities
$1,275Total equity capital
$1,275Total bank equity capital
$10,056Perpetual preferred stock
$0Common stock
$200Surplus
$10,192Undivided profits
Memoranda
$-336Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$125Income earned, not collected on loans
$201Earning assets
$74,186Long-term assets (5+ years)
$22,254Average Assets, year-to-date
$84,610Average Assets, quarterly
$84,435Volatile liabilities
$4,158Insider loans
$171FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,792Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,274Total risk weighted assets
$36,391Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$5,481Total interest expense
$2,411Net interest income
$3,070Provision for loan and lease losses
$1,064Total noninterest income
$527Fiduciary activities
$0Service charges on deposit accounts
$374Trading account gains & fees
$0Additional noninterest income
$153Total noninterest expense
$3,838Salaries and employee benefits
$1,185Premises and equipment expense
$611Additional noninterest expense
$2,042Pre-tax net operating income
-$1,305Securities gains (losses)
$61Applicable income taxes
-$77Income before extraordinary items
-$1,167Extraordinary gains - net
-$138Net income attributable to bank
-$1,305Net charge-offs
$179Cash 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
7.48%Cost of funding earning assets
3.29%Net interest margin
4.19%Noninterest income to earning assets
0.72%Noninterest expense to earning assets
5.24%Net operating income to assets
-1.45%Return on assets (ROA)
-1.54%Pretax return on assets
-1.63%Return on equity (ROE)
-12.66%Retained earnings to average equity (YTD only)
-12.66%Net charge-offs to loans
0.62%Credit loss provision to net charge-offs
594.41%Efficiency ratio
80,317Assets per employee
2.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
6.90%Loss allowance to noncurrent loans
1356.80%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.51%Net loans and leases to deposits
32.04%Net loans and leases to core deposits
33.64%Equity capital to assets
12.04%Core capital (leverage) ratio
8.25%Tier 1 risk-based capital ratio
17.24%Total risk-based capital ratio
Memoranda
$19Average assets
$84,610Average earning assets
$10,305Average equity
$73,285Average loans

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