Norwest Bank Academy Place, National Association in Colorado Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1995

  • Norwest Bank Academy Place, National Association in Colorado Springs, Colorado (CO)
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Norwest Bank Academy Place, National Association - Overview

  • General
  • FDIC Certificate #: 24702
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank West, National Association (#3011)
    Federal Reserve ID: 827056
    Date Established: August 01, 1983
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 17145
    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: August 01, 1983
    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: 5360 North Academy Boulevard, Colorado Springs, CO 80918
    County: El Paso
    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
    Metropolitan Statistical Area (MSA): Colorado Springs, CO (#1720)
    Core Based Statistical Area (CBSA): Colorado Springs, CO (#17820)
    CBSA Metro Statistical Area: Colorado Springs, CO (#17820)
  • Financial Summary
  • Total assets: $60.1 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)
  • $27Total assets
  • $60,061Cash and due from depository institutions
  • $6,138Interest-bearing balances
  • $1,450Securities
  • $22,158Federal funds sold & reverse repurchase agreements
  • $17,000Net loans & leases
  • $13,670Loan loss allowance
  • $441Trading account assets
  • $0Bank premises and fixed assets
  • $573Other real estate owned
  • $0Goodwill and other intangibles
  • $522Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $60,061Total liabilities
  • $57,864Total deposits
  • $57,406Interest-bearing deposits
  • $40,454Deposits held in domestic offices
  • 57406.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $458Total equity capital
  • $458Total bank equity capital
  • $2,197Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $1,240Undivided profits
  • Memoranda
  • $457Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $67Income earned, not collected on loans
  • $64Earning assets
  • $54,278Long-term assets (5+ years)
  • $16,836Average Assets, year-to-date
  • $58,216Average Assets, quarterly
  • $59,372Volatile liabilities
  • $800Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,980Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,127Total risk weighted assets
  • $21,871Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,455Total interest expense
  • $876Net interest income
  • $2,579Provision for loan and lease losses
  • -$26Total noninterest income
  • $917Fiduciary activities
  • $0Service charges on deposit accounts
  • $585Trading account gains & fees
  • $0Additional noninterest income
  • $332Total noninterest expense
  • $3,229Salaries and employee benefits
  • $612Premises and equipment expense
  • $426Additional noninterest expense
  • $2,191Pre-tax net operating income
  • $293Securities gains (losses)
  • -$214Applicable income taxes
  • $27Income before extraordinary items
  • $52Extraordinary gains - net
  • $0Net income attributable to bank
  • $52Net charge-offs
  • $66Cash dividends
  • $150Sale, 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
  • 6.44%Cost of funding earning assets
  • 1.63%Net interest margin
  • 4.81%Noninterest income to earning assets
  • 1.71%Noninterest expense to earning assets
  • 6.02%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.09%Pretax return on assets
  • 0.14%Return on equity (ROE)
  • 1.83%Retained earnings to average equity (YTD only)
  • -3.45%Net charge-offs to loans
  • 0.49%Credit loss provision to net charge-offs
  • -39.39%Efficiency ratio
  • 92,363Assets per employee
  • 2.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 288.46%Loss allowance to loans
  • 3.13%Loss allowance to noncurrent loans
  • 658.21%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.47%Net loans and leases to deposits
  • 23.81%Net loans and leases to core deposits
  • 24.15%Equity capital to assets
  • 3.66%Core capital (leverage) ratio
  • 5.48%Tier 1 risk-based capital ratio
  • 14.30%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $58,216Average earning assets
  • $2,842Average equity
  • $53,629Average loans

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