Norwest State Bank in Winner, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 16, 1994

Norwest State Bank in Winner, South Dakota (SD)
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Norwest State Bank - Overview

General
FDIC Certificate #: 1133
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank South Dakota, National Association (#15277)
Federal Reserve ID: 501356
Date Established: January 01, 1909
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 772
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 16, 1994
Last Structure Change Process Date: May 25, 1994
Last Data Update: May 25, 1994
Data Source Date: April 05, 2012
Location
Address: 425 Main Street, Winner, SD 57580
County: Tripp
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux Falls
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $93.2 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)
$55Total assets
$93,837Cash and due from depository institutions
$4,116Interest-bearing balances
$0Securities
$31,836Federal funds sold & reverse repurchase agreements
$10,950Net loans & leases
$43,418Loan loss allowance
$769Trading account assets
$0Bank premises and fixed assets
$548Other real estate owned
$0Goodwill and other intangibles
$2,969Life insurance assets
$0All other assets
$0Total liabilities and capital
$93,837Total liabilities
$86,962Total deposits
$85,547Interest-bearing deposits
$74,740Deposits held in domestic offices
85547.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,415Total equity capital
$1,415Total bank equity capital
$6,875Perpetual preferred stock
$0Common stock
$500Surplus
$3,100Undivided profits
Memoranda
$3,275Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$141Income earned, not collected on loans
$826Earning assets
$86,204Long-term assets (5+ years)
$14,053Average Assets, year-to-date
$93,583Average Assets, quarterly
$92,205Volatile liabilities
$8,051Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,692Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,523Total risk weighted assets
$53,667Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$7,211Total interest expense
$2,497Net interest income
$4,714Provision for loan and lease losses
$320Total noninterest income
$473Fiduciary activities
$0Service charges on deposit accounts
$192Trading account gains & fees
$0Additional noninterest income
$281Total noninterest expense
$3,288Salaries and employee benefits
$1,734Premises and equipment expense
$313Additional noninterest expense
$1,241Pre-tax net operating income
$1,579Securities gains (losses)
$17Applicable income taxes
$450Income before extraordinary items
$1,146Extraordinary gains - net
$0Net income attributable to bank
$1,146Net charge-offs
$63Cash dividends
$5,125Sale, 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
8.42%Cost of funding earning assets
2.92%Net interest margin
5.50%Noninterest income to earning assets
0.55%Noninterest expense to earning assets
3.84%Net operating income to assets
1.21%Return on assets (ROA)
1.22%Pretax return on assets
1.71%Return on equity (ROE)
12.18%Retained earnings to average equity (YTD only)
-42.30%Net charge-offs to loans
0.14%Credit loss provision to net charge-offs
507.94%Efficiency ratio
63,389Assets per employee
1.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
447.21%Loss allowance to loans
1.74%Loss allowance to noncurrent loans
545.39%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.32%Net loans and leases to deposits
50.75%Net loans and leases to core deposits
56.03%Equity capital to assets
7.33%Core capital (leverage) ratio
6.86%Tier 1 risk-based capital ratio
12.15%Total risk-based capital ratio
Memoranda
$13Average assets
$93,583Average earning assets
$9,407Average equity
$85,643Average loans

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