Norwest Bank Wyoming Gillette, National Association in Gillette, Wyoming (WY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 16, 1993

Norwest Bank Wyoming Gillette, National Association in Gillette, Wyoming (WY)
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Norwest Bank Wyoming Gillette, National Association - Overview

General
FDIC Certificate #: 21798
Status: Inactive
Closing history: Corrections
Acquiring institution: Wells Fargo Bank Wyoming, National Association (#2210)
Federal Reserve ID: 10054
Date Established: October 18, 1974
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 #: 15099
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: October 18, 1974
Last Structure Change Effective Date: April 16, 1993
Last Structure Change Process Date: April 22, 1993
Last Data Update: August 11, 1997
Data Source Date: April 05, 2012
Location
Address: 500 Douglas Highway, Gillette, WY 82716
County: Campbell
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Billings
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Gillette, WY (#23940)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $36.2 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$19Total assets
$38,938Cash and due from depository institutions
$2,098Interest-bearing balances
$0Securities
$8,352Federal funds sold & reverse repurchase agreements
$8,010Net loans & leases
$19,262Loan loss allowance
$332Trading account assets
$0Bank premises and fixed assets
$414Other real estate owned
$93Goodwill and other intangibles
$430Life insurance assets
$279All other assets
$0Total liabilities and capital
$38,938Total liabilities
$34,691Total deposits
$34,547Interest-bearing deposits
$28,735Deposits held in domestic offices
34547.00%% insured (estimated)
$74Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$144Total equity capital
$144Total bank equity capital
$4,247Perpetual preferred stock
$0Common stock
$400Surplus
$3,901Undivided profits
Memoranda
$-54Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$24Income earned, not collected on loans
$142Earning assets
$35,624Long-term assets (5+ years)
$5,096Average Assets, year-to-date
$36,946Average Assets, quarterly
$35,241Volatile liabilities
$9,300Insider loans
$15FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,565Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,968Total risk weighted assets
$21,581Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$3,093Total interest expense
$1,321Net interest income
$1,772Provision for loan and lease losses
$54Total noninterest income
$579Fiduciary activities
$0Service charges on deposit accounts
$414Trading account gains & fees
$0Additional noninterest income
$165Total noninterest expense
$2,157Salaries and employee benefits
$479Premises and equipment expense
$157Additional noninterest expense
$1,521Pre-tax net operating income
$140Securities gains (losses)
$79Applicable income taxes
$88Income before extraordinary items
$131Extraordinary gains - net
-$37Net income attributable to bank
$94Net charge-offs
$137Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.25%Cost of funding earning assets
3.95%Net interest margin
5.30%Noninterest income to earning assets
1.73%Noninterest expense to earning assets
6.45%Net operating income to assets
0.22%Return on assets (ROA)
0.25%Pretax return on assets
0.49%Return on equity (ROE)
3.01%Retained earnings to average equity (YTD only)
3.01%Net charge-offs to loans
0.78%Credit loss provision to net charge-offs
39.42%Efficiency ratio
89,281Assets per employee
2.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.69%Loss allowance to noncurrent loans
1383.33%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.12%Net loans and leases to deposits
55.76%Net loans and leases to core deposits
76.29%Equity capital to assets
10.91%Core capital (leverage) ratio
5.95%Tier 1 risk-based capital ratio
18.39%Total risk-based capital ratio
Memoranda
$20Average assets
$36,946Average earning assets
$3,127Average equity
$33,439Average loans

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