Wells Fargo Bank Michigan, National Association in Marquette, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 20, 2004

  • Wells Fargo Bank Michigan, National Association in Marquette, Michigan (MI)
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Wells Fargo Bank Michigan, National Association - Overview

  • General
  • FDIC Certificate #: 5067
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank, National Association (#3511)
    Federal Reserve ID: 352558
    Date Established: January 22, 1864
    WWW: http://www.wellsfargo.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 26 (Interstate: No)
    OTS Docket #: 11130
    FDIC's unique #: 3383
    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: Febuary 20, 2004
    Last Structure Change Process Date: April 14, 2004
    Last Data Update: April 14, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 West Washington Street, Marquette, MI 49855
    County: Marquette
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Appleton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Marquette, MI (#32100)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $762.0 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2003)

  • Dollar figures in thousands
  • 246Total employees (full-time equivalent)
  • $762,001Total assets
  • $150,504Cash and due from depository institutions
  • $112,371Interest-bearing balances
  • $117,501Securities
  • $85,929Federal funds sold & reverse repurchase agreements
  • $266,723Net loans & leases
  • $13,004Loan loss allowance
  • $0Trading account assets
  • $16,891Bank premises and fixed assets
  • $2,734Other real estate owned
  • $104,766Goodwill and other intangibles
  • $0Life insurance assets
  • $16,953All other assets
  • $762,001Total liabilities and capital
  • $554,740Total liabilities
  • $539,830Total deposits
  • $441,742Interest-bearing deposits
  • $539,830Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $13,518Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,392All other liabilities
  • $207,261Total equity capital
  • $207,261Total bank equity capital
  • $207,261Perpetual preferred stock
  • $0Common stock
  • $7,048Surplus
  • $190,432Undivided profits
  • Memoranda
  • $9,781Noncurrent loans and leases
  • $77,869Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,816Earning assets
  • $4Long-term assets (5+ years)
  • $1,504Average Assets, year-to-date
  • $582,524Average Assets, quarterly
  • $61,677Volatile liabilities
  • $757,324Insider loans
  • $764,682FHLB advances
  • $27,370Loans and leases held for sale
  • $70Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $77,869Total unused commitments
  • $0Restructured Loans and leases
  • $4,649Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $25,670Total interest income
  • $6,175Total interest expense
  • $19,495Net interest income
  • $1,000Provision for loan and lease losses
  • $11,155Total noninterest income
  • $4,245Fiduciary activities
  • $3,947Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,963Additional noninterest income
  • $23,902Total noninterest expense
  • $11,213Salaries and employee benefits
  • $4,628Premises and equipment expense
  • $8,061Additional noninterest expense
  • $5,748Pre-tax net operating income
  • $64Securities gains (losses)
  • $1,789Applicable income taxes
  • $4,023Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,023Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.39%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 3.34%Net interest margin
  • 1.91%Noninterest income to earning assets
  • 4.09%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.77%Pretax return on assets
  • 1.95%Return on equity (ROE)
  • 1.95%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 6.75%Efficiency ratio
  • 76,183Assets per employee
  • 3.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.65%Loss allowance to noncurrent loans
  • 270.02%Noncurrent assets plus other real estate owned to assets
  • 0.99%Noncurrent loans to loans
  • 1.72%Net loans and leases to deposits
  • 49.41%Net loans and leases to core deposits
  • 50.71%Equity capital to assets
  • 27.20%Core capital (leverage) ratio
  • 15.67%Tier 1 risk-based capital ratio
  • 28.02%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $757,324Average earning assets
  • $206,110Average equity
  • $584,487Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $856,067Managed Assets
  • 1Number of Accounts
  • $639,215Personal trust and agency accounts
  • $305,258Employee benefit-defined contribution accounts
  • $38,665Employee benefit-defined benefit accounts
  • $8,848Other retirement accounts
  • $65,229Corporate trust and agency accounts
  • $55Investment management agency accounts
  • $107,452Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $113,708Non-managed Assets
  • 1508Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $216,852Other retirement accounts
  • $78,406Corporate trust and agency accounts
  • $43,167Other fiduciary accounts
  • $5,664Fiduciary accounts held in foreign offices

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