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

This bank is inactive as of March 01, 1994

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

General
FDIC Certificate #: 9643
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Indiana, National Association (#13849)
Federal Reserve ID: 292944
Date Established: July 08, 1891
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 6165
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: 125 East Ninth Street, Rochester, IN 46975
County: Fulton
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: $88.9 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)
$37Total assets
$88,855Cash and due from depository institutions
$2,233Interest-bearing balances
$122Securities
$31,197Federal funds sold & reverse repurchase agreements
$3,600Net loans & leases
$47,316Loan loss allowance
$1,590Trading account assets
$0Bank premises and fixed assets
$1,699Other real estate owned
$169Goodwill and other intangibles
$2,254Life insurance assets
$387All other assets
$0Total liabilities and capital
$88,855Total liabilities
$82,245Total deposits
$78,510Interest-bearing deposits
$73,096Deposits held in domestic offices
78510.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$1,557Trading liabilities
$0Other borrowed funds
$55Subordinated debt
$0All other liabilities
$2,123Total equity capital
$2,123Total bank equity capital
$6,610Perpetual preferred stock
$270Common stock
$1,400Surplus
$4,795Undivided profits
Memoranda
$145Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,647Income earned, not collected on loans
$502Earning assets
$82,235Long-term assets (5+ years)
$29,579Average Assets, year-to-date
$95,221Average Assets, quarterly
$89,778Volatile liabilities
$6,101Insider loans
$1,404FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,211Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,125Total risk weighted assets
$58,692Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$6,736Total interest expense
$3,169Net interest income
$3,567Provision for loan and lease losses
$2,756Total noninterest income
$400Fiduciary activities
$0Service charges on deposit accounts
$268Trading account gains & fees
$0Additional noninterest income
$132Total noninterest expense
$3,501Salaries and employee benefits
$1,360Premises and equipment expense
$511Additional noninterest expense
$1,630Pre-tax net operating income
-$2,290Securities gains (losses)
$259Applicable income taxes
-$602Income before extraordinary items
-$1,429Extraordinary gains - net
-$154Net income attributable to bank
-$1,583Net charge-offs
$2,382Cash dividends
$1,850Sale, 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
7.65%Cost of funding earning assets
3.60%Net interest margin
4.05%Noninterest income to earning assets
0.45%Noninterest expense to earning assets
3.98%Net operating income to assets
-1.69%Return on assets (ROA)
-1.66%Pretax return on assets
-2.29%Return on equity (ROE)
-19.99%Retained earnings to average equity (YTD only)
-43.36%Net charge-offs to loans
4.06%Credit loss provision to net charge-offs
115.70%Efficiency ratio
72,649Assets per employee
2.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
-116.87%Loss allowance to loans
3.25%Loss allowance to noncurrent loans
43.60%Noncurrent assets plus other real estate owned to assets
4.29%Noncurrent loans to loans
7.46%Net loans and leases to deposits
60.27%Net loans and leases to core deposits
63.97%Equity capital to assets
7.44%Core capital (leverage) ratio
6.80%Tier 1 risk-based capital ratio
10.44%Total risk-based capital ratio
Memoranda
$12Average assets
$95,221Average earning assets
$7,918Average equity
$88,020Average loans

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