Wells Fargo Bank Minnesota, National Association in city_name, state_name

Wells Fargo Bank Minnesota, National Association in Minneapolis, Minnesota (MN)
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Wells Fargo Bank Minnesota, National Association - Overview

General
FDIC Certificate #: 5208
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank, National Association (#3511)
Federal Reserve ID: 995151
Date Established: January 01, 1872
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: 176 (Interstate: No)
OTS Docket #: 9127
FDIC's unique #: 3497
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 20, 2004
Last Structure Change Process Date: March 22, 2004
Last Data Update: March 22, 2004
Data Source Date: April 05, 2012
Location
Address: Sixth Street And Marquette Avenue, Minneapolis, MN 55479
County: Hennepin
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial Summary
Total assets: $48,801.9 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
7,665Total employees (full-time equivalent)
$48,801,863Total assets
$1,448,414Cash and due from depository institutions
$126,782Interest-bearing balances
$2,568,074Securities
$1,053,000Federal funds sold & reverse repurchase agreements
$41,887,950Net loans & leases
$284,375Loan loss allowance
$49,037Trading account assets
$179,751Bank premises and fixed assets
$12,268Other real estate owned
$299,985Goodwill and other intangibles
$0Life insurance assets
$1,303,384All other assets
$48,801,863Total liabilities and capital
$44,966,339Total liabilities
$29,893,674Total deposits
$12,796,676Interest-bearing deposits
$29,889,500Deposits held in domestic offices
0.00%% insured (estimated)
$9,532,630Federal funds purchased & repurchase agreements
$1,965Trading liabilities
$4,543,322Other borrowed funds
$0Subordinated debt
$994,748All other liabilities
$3,835,524Total equity capital
$3,835,524Total bank equity capital
$3,835,524Perpetual preferred stock
$0Common stock
$100,000Surplus
$2,133,596Undivided profits
Memoranda
$1,601,928Noncurrent loans and leases
$3,375,813Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$155,992Earning assets
$178Long-term assets (5+ years)
$137,183Average Assets, year-to-date
$45,649,828Average Assets, quarterly
$8,541,285Volatile liabilities
$51,712,724Insider loans
$50,361,020FHLB advances
$10,589,765Loans and leases held for sale
$2,409Unused loan commitments
$4,535,062Tier 1 (core) risk-based capital
$741,144Tier 2 risk-based capital
$14,457,381Total risk weighted assets
$3,375,813Total unused commitments
$0Restructured Loans and leases
$285,205Derivatives
$72,807Total assets and liabilities in foreign offices

Income and Expense (December 31, 2003)

Dollar figures in thousands
$2,287,509Total interest income
$311,817Total interest expense
$1,975,692Net interest income
$44,540Provision for loan and lease losses
$976,442Total noninterest income
$238,031Fiduciary activities
$184,373Service charges on deposit accounts
$3,375Trading account gains & fees
$550,663Additional noninterest income
$1,461,342Total noninterest expense
$585,286Salaries and employee benefits
$115,839Premises and equipment expense
$760,217Additional noninterest expense
$1,446,252Pre-tax net operating income
-$2,299Securities gains (losses)
$499,709Applicable income taxes
$944,244Income before extraordinary items
$0Extraordinary gains - net
$944,244Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$43,809Sale, conversion, retirement of capital stock, net
$1,191,600Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.76%Yield on earning assets
0.65%Cost of funding earning assets
4.11%Net interest margin
2.03%Noninterest income to earning assets
3.04%Noninterest expense to earning assets
1.83%Net operating income to assets
1.83%Return on assets (ROA)
2.79%Pretax return on assets
25.09%Return on equity (ROE)
-6.57%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
101.67%Credit loss provision to net charge-offs
34.03%Efficiency ratio
49,353Assets per employee
6.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
126.20%Loss allowance to loans
0.67%Loss allowance to noncurrent loans
182.30%Noncurrent assets plus other real estate owned to assets
0.34%Noncurrent loans to loans
0.37%Net loans and leases to deposits
140.12%Net loans and leases to core deposits
141.38%Equity capital to assets
7.86%Core capital (leverage) ratio
7.00%Tier 1 risk-based capital ratio
13.14%Total risk-based capital ratio
Memoranda
$14Average assets
$51,712,724Average earning assets
$3,763,631Average equity
$48,080,374Average 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
$136,927,682Managed Assets
1Number of Accounts
$17,761,407Personal trust and agency accounts
$9,147,547Employee benefit-defined contribution accounts
$2,793,982Employee benefit-defined benefit accounts
$1,438,650Other retirement accounts
$629,340Corporate trust and agency accounts
$857,854Investment management agency accounts
$448,393Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$2,445,641Non-managed Assets
32497Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$119,166,275Other retirement accounts
$344,934Corporate trust and agency accounts
$27,664,982Other fiduciary accounts
$30,308Fiduciary accounts held in foreign offices

Wells Fargo Bank Minnesota, National Association in Minneapolis, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Wells Fargo Bank Minnesota, National Association - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

Total Fiduciary and Related Assets (December 31, 2003)

Comment about this bank, ask questions, or add new information about it:

Wells Fargo Bank Minnesota, National Association in Minneapolis, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

Wells Fargo Bank Minnesota, National Association - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

Total Fiduciary and Related Assets (December 31, 2003)

Comment about this bank, ask questions, or add new information about it:

Wells Fargo Bank Minnesota, National Association in Minneapolis, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches