Norwest Bank Angola in Angola, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 1994

  • Norwest Bank Angola in Angola, Indiana (IN)
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Norwest Bank Angola - Overview

  • General
  • FDIC Certificate #: 1840
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Indiana, National Association (#13849)
    Federal Reserve ID: 377047
    Date Established: April 01, 1927
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 1226
    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: March 01, 1994
    Last Structure Change Process Date: March 14, 1994
    Last Data Update: March 14, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: Public Square, Angola, IN 46703
    County: Steuben
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Combined Statistical Area (CSA): Fort Wayne-Huntington-Auburn, IN (#258)
    Core Based Statistical Area (CBSA): Angola, IN (#11420)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $83.3 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)
  • $30Total assets
  • $83,330Cash and due from depository institutions
  • $1,835Interest-bearing balances
  • $0Securities
  • $30,189Federal funds sold & reverse repurchase agreements
  • $7,000Net loans & leases
  • $41,200Loan loss allowance
  • $4,367Trading account assets
  • $0Bank premises and fixed assets
  • $1,421Other real estate owned
  • $5Goodwill and other intangibles
  • $1,680Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $83,330Total liabilities
  • $77,328Total deposits
  • $73,122Interest-bearing deposits
  • $67,591Deposits held in domestic offices
  • 73122.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $2,889Trading liabilities
  • $0Other borrowed funds
  • $2Subordinated debt
  • $0All other liabilities
  • $1,315Total equity capital
  • $1,315Total bank equity capital
  • $6,002Perpetual preferred stock
  • $0Common stock
  • $1,600Surplus
  • $3,867Undivided profits
  • Memoranda
  • $535Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,760Income earned, not collected on loans
  • $305Earning assets
  • $78,389Long-term assets (5+ years)
  • $32,580Average Assets, year-to-date
  • $87,729Average Assets, quarterly
  • $84,118Volatile liabilities
  • $12,638Insider loans
  • $137FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,772Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,002Total risk weighted assets
  • $51,303Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,977Total interest expense
  • $2,954Net interest income
  • $3,023Provision for loan and lease losses
  • $4,608Total noninterest income
  • $423Fiduciary activities
  • $0Service charges on deposit accounts
  • $262Trading account gains & fees
  • $0Additional noninterest income
  • $161Total noninterest expense
  • $2,808Salaries and employee benefits
  • $1,099Premises and equipment expense
  • $515Additional noninterest expense
  • $1,194Pre-tax net operating income
  • -$3,970Securities gains (losses)
  • $226Applicable income taxes
  • -$1,388Income before extraordinary items
  • -$2,356Extraordinary gains - net
  • -$146Net income attributable to bank
  • -$2,502Net charge-offs
  • $1,993Cash dividends
  • $0Sale, 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
  • 7.41%Cost of funding earning assets
  • 3.66%Net interest margin
  • 3.75%Noninterest income to earning assets
  • 0.52%Noninterest expense to earning assets
  • 3.48%Net operating income to assets
  • -2.85%Return on assets (ROA)
  • -2.85%Pretax return on assets
  • -4.43%Return on equity (ROE)
  • -42.59%Retained earnings to average equity (YTD only)
  • -42.59%Net charge-offs to loans
  • 3.77%Credit loss provision to net charge-offs
  • 231.21%Efficiency ratio
  • 81,486Assets per employee
  • 2.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 9.58%Loss allowance to noncurrent loans
  • 116.14%Noncurrent assets plus other real estate owned to assets
  • 4.52%Noncurrent loans to loans
  • 8.25%Net loans and leases to deposits
  • 56.34%Net loans and leases to core deposits
  • 65.01%Equity capital to assets
  • 7.20%Core capital (leverage) ratio
  • 7.33%Tier 1 risk-based capital ratio
  • 11.70%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $87,729Average earning assets
  • $5,875Average equity
  • $80,678Average loans

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