Norwest Bank Arizona, National Association in Phoenix, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 10, 1995

  • Norwest Bank Arizona, National Association in Phoenix, Arizona (AZ)
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Norwest Bank Arizona, National Association - Overview

  • General
  • FDIC Certificate #: 25286
    Status: Inactive
    Closing history: Consolidated - Without Assistance
    Acquiring institution: Wells Fargo Bank Arizona, National Association (#19501)
    Federal Reserve ID: 49362
    Date Established: June 25, 1984
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 79 (Interstate: No)
    OTS Docket #: 11749
    FDIC's unique #: 17489
    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: June 25, 1984
    Last Structure Change Effective Date: November 10, 1995
    Last Structure Change Process Date: December 07, 1995
    Last Data Update: April 11, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 3300 North Central Avenue, Phoenix, AZ 85012
    County: Maricopa
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Phoenix
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Phoenix-Mesa, AZ (#6200)
    Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060)
    CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060)
  • Financial Summary
  • Total assets: $3,597.2 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)
  • $951Total assets
  • $2,174,044Cash and due from depository institutions
  • $210,287Interest-bearing balances
  • $55Securities
  • $761,899Federal funds sold & reverse repurchase agreements
  • $43,970Net loans & leases
  • $1,071,501Loan loss allowance
  • $25,747Trading account assets
  • $0Bank premises and fixed assets
  • $29,128Other real estate owned
  • $1,318Goodwill and other intangibles
  • $21,517Life insurance assets
  • $34,424All other assets
  • $0Total liabilities and capital
  • $2,174,044Total liabilities
  • $2,051,349Total deposits
  • $1,885,051Interest-bearing deposits
  • $1,363,163Deposits held in domestic offices
  • 1885051.00%% insured (estimated)
  • $76Federal funds purchased & repurchase agreements
  • $63,181Trading liabilities
  • $0Other borrowed funds
  • $113Subordinated debt
  • $20,000All other liabilities
  • $83,004Total equity capital
  • $83,004Total bank equity capital
  • $122,695Perpetual preferred stock
  • $0Common stock
  • $40,000Surplus
  • $135,796Undivided profits
  • Memoranda
  • $-53,101Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,032Income earned, not collected on loans
  • $6,840Earning assets
  • $1,877,425Long-term assets (5+ years)
  • $608,390Average Assets, year-to-date
  • $2,153,676Average Assets, quarterly
  • $2,140,181Volatile liabilities
  • $130,169Insider loans
  • $114FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $483,138Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $115,789Total risk weighted assets
  • $1,447,318Total unused commitments
  • $0Restructured Loans and leases
  • $82Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $131,915Total interest expense
  • $42,817Net interest income
  • $89,098Provision for loan and lease losses
  • $3,825Total noninterest income
  • $20,622Fiduciary activities
  • $1,427Service charges on deposit accounts
  • $11,087Trading account gains & fees
  • $102Additional noninterest income
  • $8,006Total noninterest expense
  • $114,467Salaries and employee benefits
  • $41,914Premises and equipment expense
  • $16,078Additional noninterest expense
  • $56,475Pre-tax net operating income
  • -$8,572Securities gains (losses)
  • $0Applicable income taxes
  • -$2,248Income before extraordinary items
  • -$6,324Extraordinary gains - net
  • $0Net income attributable to bank
  • -$6,324Net charge-offs
  • $5,388Cash dividends
  • $0Sale, 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
  • 6.95%Cost of funding earning assets
  • 2.26%Net interest margin
  • 4.69%Noninterest income to earning assets
  • 1.09%Noninterest expense to earning assets
  • 6.03%Net operating income to assets
  • -0.29%Return on assets (ROA)
  • -0.29%Pretax return on assets
  • -0.40%Return on equity (ROE)
  • -4.63%Retained earnings to average equity (YTD only)
  • -4.63%Net charge-offs to loans
  • 0.50%Credit loss provision to net charge-offs
  • 70.99%Efficiency ratio
  • 101,944Assets per employee
  • 2.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.35%Loss allowance to noncurrent loans
  • 285.06%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 56.84%Net loans and leases to core deposits
  • 58.94%Equity capital to assets
  • 5.64%Core capital (leverage) ratio
  • 5.75%Tier 1 risk-based capital ratio
  • 8.00%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $2,153,676Average earning assets
  • $136,453Average equity
  • $1,898,356Average loans

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