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

This bank is inactive as of January 01, 1995

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

General
FDIC Certificate #: 17067
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank West, National Association (#3011)
Federal Reserve ID: 940450
Date Established: June 01, 1942
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 11122
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, 1952
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: 119 South Mill, Aspen, CO 81611
County: Pitkin
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
Financial Summary
Total assets: $106.8 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)
$30Total assets
$106,832Cash and due from depository institutions
$5,034Interest-bearing balances
$1,450Securities
$21,473Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$75,893Loan loss allowance
$1,141Trading account assets
$0Bank premises and fixed assets
$3,649Other real estate owned
$0Goodwill and other intangibles
$783Life insurance assets
$0All other assets
$0Total liabilities and capital
$106,832Total liabilities
$100,013Total deposits
$78,042Interest-bearing deposits
$53,615Deposits held in domestic offices
78042.00%% insured (estimated)
$84Federal funds purchased & repurchase agreements
$21,100Trading liabilities
$0Other borrowed funds
$2Subordinated debt
$0All other liabilities
$869Total equity capital
$869Total bank equity capital
$6,819Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,850Undivided profits
Memoranda
$3,970Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$167Income earned, not collected on loans
$449Earning assets
$98,816Long-term assets (5+ years)
$28,235Average Assets, year-to-date
$104,732Average Assets, quarterly
$106,675Volatile liabilities
$24,217Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$13,104Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,693Total risk weighted assets
$79,406Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$7,518Total interest expense
$2,166Net interest income
$5,352Provision for loan and lease losses
$0Total noninterest income
$771Fiduciary activities
$0Service charges on deposit accounts
$381Trading account gains & fees
$0Additional noninterest income
$390Total noninterest expense
$4,402Salaries and employee benefits
$1,536Premises and equipment expense
$512Additional noninterest expense
$2,354Pre-tax net operating income
$1,721Securities gains (losses)
$13Applicable income taxes
$582Income before extraordinary items
$1,152Extraordinary gains - net
$0Net income attributable to bank
$1,152Net charge-offs
$84Cash dividends
$350Sale, 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
7.74%Cost of funding earning assets
2.23%Net interest margin
5.51%Noninterest income to earning assets
0.79%Noninterest expense to earning assets
4.53%Net operating income to assets
1.09%Return on assets (ROA)
1.10%Pretax return on assets
1.66%Return on equity (ROE)
16.65%Retained earnings to average equity (YTD only)
11.59%Net charge-offs to loans
0.12%Credit loss provision to net charge-offs
0.00%Efficiency ratio
71,893Assets per employee
3.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
30.38%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
683.23%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.22%Net loans and leases to deposits
97.25%Net loans and leases to core deposits
101.29%Equity capital to assets
6.38%Core capital (leverage) ratio
7.03%Tier 1 risk-based capital ratio
9.69%Total risk-based capital ratio
Memoranda
$11Average assets
$104,732Average earning assets
$6,917Average equity
$97,122Average loans

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