Norwest Bank Sterling, National Association in Sterling, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1995

Norwest Bank Sterling, National Association in Sterling, Colorado (CO)
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Norwest Bank Sterling, National Association - Overview

General
FDIC Certificate #: 11263
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank West, National Association (#3011)
Federal Reserve ID: 595850
Date Established: Febuary 14, 1925
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 7190
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: January 01, 1995
Last Structure Change Process Date: January 12, 1995
Last Data Update: January 12, 1995
Data Source Date: April 05, 2012
Location
Address: Third And Ash Streets, Sterling, CO 80751
County: Logan
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Denver
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Sterling, CO (#44540)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $81.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$26Total assets
$81,328Cash and due from depository institutions
$4,575Interest-bearing balances
$0Securities
$38,248Federal funds sold & reverse repurchase agreements
$2,800Net loans & leases
$33,894Loan loss allowance
$1,586Trading account assets
$0Bank premises and fixed assets
$464Other real estate owned
$0Goodwill and other intangibles
$1,347Life insurance assets
$0All other assets
$0Total liabilities and capital
$81,328Total liabilities
$75,804Total deposits
$74,629Interest-bearing deposits
$60,955Deposits held in domestic offices
74629.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,175Total equity capital
$1,175Total bank equity capital
$5,524Perpetual preferred stock
$0Common stock
$2,000Surplus
$5,000Undivided profits
Memoranda
$-1,476Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$41Income earned, not collected on loans
$407Earning assets
$74,942Long-term assets (5+ years)
$37,986Average Assets, year-to-date
$83,487Average Assets, quarterly
$83,134Volatile liabilities
$2,634Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$12,459Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,275Total risk weighted assets
$45,310Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$6,146Total interest expense
$1,716Net interest income
$4,430Provision for loan and lease losses
-$2Total noninterest income
$530Fiduciary activities
$0Service charges on deposit accounts
$357Trading account gains & fees
$0Additional noninterest income
$173Total noninterest expense
$2,648Salaries and employee benefits
$901Premises and equipment expense
$288Additional noninterest expense
$1,459Pre-tax net operating income
$2,314Securities gains (losses)
-$399Applicable income taxes
$672Income before extraordinary items
$1,243Extraordinary gains - net
$0Net income attributable to bank
$1,243Net charge-offs
$0Cash dividends
$1,100Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.84%Cost of funding earning assets
2.19%Net interest margin
5.65%Noninterest income to earning assets
0.68%Noninterest expense to earning assets
3.38%Net operating income to assets
1.80%Return on assets (ROA)
1.49%Pretax return on assets
2.29%Return on equity (ROE)
18.71%Retained earnings to average equity (YTD only)
2.15%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
53,387Assets per employee
3.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
88.50%Loss allowance to loans
4.47%Loss allowance to noncurrent loans
3868.29%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.12%Net loans and leases to deposits
45.42%Net loans and leases to core deposits
47.08%Equity capital to assets
6.79%Core capital (leverage) ratio
8.71%Tier 1 risk-based capital ratio
16.06%Total risk-based capital ratio
Memoranda
$17Average assets
$83,487Average earning assets
$6,642Average equity
$78,380Average loans

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