Norwest Bank Rushville, National Association in Rushville, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 1994

Norwest Bank Rushville, National Association in Rushville, Indiana (IN)
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Norwest Bank Rushville, National Association - Overview

General
FDIC Certificate #: 4377
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Indiana, National Association (#13849)
Federal Reserve ID: 61841
Date Established: September 04, 1871
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 2882
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: 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: 1535 North Main Street, Rushville, IN 46173
County: Rush
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: $77.3 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)
$28Total assets
$77,315Cash and due from depository institutions
$2,989Interest-bearing balances
$0Securities
$20,636Federal funds sold & reverse repurchase agreements
$5,600Net loans & leases
$45,303Loan loss allowance
$2,247Trading account assets
$0Bank premises and fixed assets
$343Other real estate owned
$19Goodwill and other intangibles
$2,425Life insurance assets
$0All other assets
$0Total liabilities and capital
$77,315Total liabilities
$71,688Total deposits
$69,650Interest-bearing deposits
$62,696Deposits held in domestic offices
69650.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$1,148Trading liabilities
$0Other borrowed funds
$3Subordinated debt
$0All other liabilities
$887Total equity capital
$887Total bank equity capital
$5,627Perpetual preferred stock
$0Common stock
$150Surplus
$250Undivided profits
Memoranda
$5,227Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,277Income earned, not collected on loans
$1,197Earning assets
$71,539Long-term assets (5+ years)
$15,825Average Assets, year-to-date
$79,741Average Assets, quarterly
$79,442Volatile liabilities
$6,698Insider loans
$27FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,245Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,589Total risk weighted assets
$55,349Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$5,451Total interest expense
$2,678Net interest income
$2,773Provision for loan and lease losses
$1,112Total noninterest income
$293Fiduciary activities
$0Service charges on deposit accounts
$199Trading account gains & fees
$0Additional noninterest income
$94Total noninterest expense
$2,071Salaries and employee benefits
$926Premises and equipment expense
$374Additional noninterest expense
$771Pre-tax net operating income
-$117Securities gains (losses)
$43Applicable income taxes
-$134Income before extraordinary items
$60Extraordinary gains - net
-$92Net income attributable to bank
-$32Net charge-offs
$365Cash dividends
$650Sale, 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
7.33%Cost of funding earning assets
3.60%Net interest margin
3.73%Noninterest income to earning assets
0.39%Noninterest expense to earning assets
2.78%Net operating income to assets
0.04%Return on assets (ROA)
-0.04%Pretax return on assets
-0.21%Return on equity (ROE)
-0.55%Retained earnings to average equity (YTD only)
-11.69%Net charge-offs to loans
0.71%Credit loss provision to net charge-offs
304.66%Efficiency ratio
67,547Assets per employee
2.76%Cash dividends to net income (YTD only)
Condition Ratios (%)
-2031.25%Loss allowance to loans
4.73%Loss allowance to noncurrent loans
98.68%Noncurrent assets plus other real estate owned to assets
2.97%Noncurrent loans to loans
4.79%Net loans and leases to deposits
65.04%Net loans and leases to core deposits
70.67%Equity capital to assets
7.28%Core capital (leverage) ratio
7.11%Tier 1 risk-based capital ratio
10.10%Total risk-based capital ratio
Memoranda
$11Average assets
$79,741Average earning assets
$5,832Average equity
$74,380Average loans

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