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

This bank is inactive as of November 17, 1995

Norwest Bank Waseca, National Association in Waseca, Minnesota (MN)
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Norwest Bank Waseca, National Association - Overview

General
FDIC Certificate #: 33580
Status: Inactive
Closing history: Office Purchased
Acquiring institution: Norwest Bank Minnesota South, National Association (#5237)
Federal Reserve ID: 1950791
Date Established: April 03, 1992
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 6 (Interstate: No)
FDIC's unique #: 47525
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: April 03, 1992
Last Structure Change Effective Date: November 17, 1995
Last Structure Change Process Date: January 03, 1996
Last Data Update: January 03, 1996
Data Source Date: April 05, 2012
Location
Address: 220 Elm Avenue East, Waseca, MN 56093
County: Waseca
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of Changes
Consolidated - Without Assistance
Corrections
Office Purchased
Financial Summary
Total assets: $26.9 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)
$8Total assets
$25,427Cash and due from depository institutions
$350Interest-bearing balances
$0Securities
$12,575Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$12,073Loan loss allowance
$67Trading account assets
$0Bank premises and fixed assets
$54Other real estate owned
$0Goodwill and other intangibles
$142Life insurance assets
$233All other assets
$0Total liabilities and capital
$25,427Total liabilities
$22,773Total deposits
$20,907Interest-bearing deposits
$19,892Deposits held in domestic offices
20907.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$1,500Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$366Total equity capital
$366Total bank equity capital
$2,654Perpetual preferred stock
$0Common stock
$1,000Surplus
$2,000Undivided profits
Memoranda
$-346Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4Income earned, not collected on loans
$57Earning assets
$24,648Long-term assets (5+ years)
$770Average Assets, year-to-date
$24,811Average Assets, quarterly
$25,060Volatile liabilities
$2,775Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$435Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,591Total risk weighted assets
$12,616Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,427Total interest expense
$831Net interest income
$596Provision for loan and lease losses
$50Total noninterest income
$88Fiduciary activities
$0Service charges on deposit accounts
$66Trading account gains & fees
$0Additional noninterest income
$22Total noninterest expense
$687Salaries and employee benefits
$224Premises and equipment expense
$74Additional noninterest expense
$389Pre-tax net operating income
-$53Securities gains (losses)
-$145Applicable income taxes
-$27Income before extraordinary items
-$171Extraordinary gains - net
$0Net income attributable to bank
-$171Net charge-offs
$7Cash dividends
$0Sale, 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
5.96%Cost of funding earning assets
3.47%Net interest margin
2.49%Noninterest income to earning assets
0.37%Noninterest expense to earning assets
2.87%Net operating income to assets
-0.19%Return on assets (ROA)
-0.69%Pretax return on assets
-0.80%Return on equity (ROE)
-6.04%Retained earnings to average equity (YTD only)
-6.04%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
714.29%Efficiency ratio
86,257Assets per employee
3.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.55%Loss allowance to noncurrent loans
1675.00%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.03%Net loans and leases to deposits
57.75%Net loans and leases to core deposits
61.50%Equity capital to assets
10.44%Core capital (leverage) ratio
10.39%Tier 1 risk-based capital ratio
20.54%Total risk-based capital ratio
Memoranda
$21Average assets
$24,811Average earning assets
$2,831Average equity
$23,946Average loans

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