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

This bank is inactive as of March 01, 1994

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

  • General
  • FDIC Certificate #: 9289
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Indiana, National Association (#13849)
    Federal Reserve ID: 506940
    Date Established: January 03, 1933
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 5944
    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: 101 South Main Street, Bluffton, IN 46714
    County: Wells
    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
    Metropolitan Statistical Area (MSA): Fort Wayne, IN (#2760)
    Combined Statistical Area (CSA): Fort Wayne-Huntington-Auburn, IN (#258)
    Core Based Statistical Area (CBSA): Fort Wayne, IN (#23060)
    CBSA Metro Statistical Area: Fort Wayne, IN (#23060)
  • Financial Summary
  • Total assets: $73.2 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)
  • $24Total assets
  • $73,222Cash and due from depository institutions
  • $2,638Interest-bearing balances
  • $0Securities
  • $41,495Federal funds sold & reverse repurchase agreements
  • $1,500Net loans & leases
  • $25,580Loan loss allowance
  • $1,766Trading account assets
  • $0Bank premises and fixed assets
  • $599Other real estate owned
  • $0Goodwill and other intangibles
  • $1,410Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $73,222Total liabilities
  • $68,935Total deposits
  • $60,906Interest-bearing deposits
  • $55,428Deposits held in domestic offices
  • 60906.00%% insured (estimated)
  • $78Federal funds purchased & repurchase agreements
  • $6,755Trading liabilities
  • $0Other borrowed funds
  • $1Subordinated debt
  • $0All other liabilities
  • $1,273Total equity capital
  • $1,273Total bank equity capital
  • $4,287Perpetual preferred stock
  • $0Common stock
  • $1,600Surplus
  • $1,600Undivided profits
  • Memoranda
  • $1,087Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,268Income earned, not collected on loans
  • $255Earning assets
  • $68,575Long-term assets (5+ years)
  • $34,934Average Assets, year-to-date
  • $80,021Average Assets, quarterly
  • $74,573Volatile liabilities
  • $9,084Insider loans
  • $239FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $7,486Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,259Total risk weighted assets
  • $37,240Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,168Total interest expense
  • $2,448Net interest income
  • $2,720Provision for loan and lease losses
  • $1,092Total noninterest income
  • $295Fiduciary activities
  • $0Service charges on deposit accounts
  • $200Trading account gains & fees
  • $0Additional noninterest income
  • $95Total noninterest expense
  • $2,014Salaries and employee benefits
  • $857Premises and equipment expense
  • $397Additional noninterest expense
  • $760Pre-tax net operating income
  • -$91Securities gains (losses)
  • $27Applicable income taxes
  • $43Income before extraordinary items
  • -$107Extraordinary gains - net
  • -$62Net income attributable to bank
  • -$169Net charge-offs
  • $457Cash dividends
  • $2,250Sale, 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
  • 6.86%Cost of funding earning assets
  • 3.25%Net interest margin
  • 3.61%Noninterest income to earning assets
  • 0.39%Noninterest expense to earning assets
  • 2.67%Net operating income to assets
  • -0.17%Return on assets (ROA)
  • -0.21%Pretax return on assets
  • -0.16%Return on equity (ROE)
  • -2.87%Retained earnings to average equity (YTD only)
  • -41.11%Net charge-offs to loans
  • 1.36%Credit loss provision to net charge-offs
  • 238.95%Efficiency ratio
  • 66,799Assets per employee
  • 3.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1331.36%Loss allowance to loans
  • 6.46%Loss allowance to noncurrent loans
  • 139.27%Noncurrent assets plus other real estate owned to assets
  • 1.73%Noncurrent loans to loans
  • 4.64%Net loans and leases to deposits
  • 42.00%Net loans and leases to core deposits
  • 43.67%Equity capital to assets
  • 5.85%Core capital (leverage) ratio
  • 5.63%Tier 1 risk-based capital ratio
  • 11.44%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $80,021Average earning assets
  • $5,885Average equity
  • $75,356Average loans

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