Norwest Bank Colorado Springs-East, 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 Colorado Springs-East, National Association in Colorado Springs, Colorado (CO)
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Norwest Bank Colorado Springs-East, National Association - Overview

  • General
  • FDIC Certificate #: 19214
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank West, National Association (#3011)
    Federal Reserve ID: 778756
    Date Established: August 31, 1964
    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 #: 13032
    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 31, 1964
    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: 500 North Circle Drive, Colorado Springs, CO 80901
    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: $101.3 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)
  • $37Total assets
  • $101,292Cash and due from depository institutions
  • $35,801Interest-bearing balances
  • $32,260Securities
  • $34,509Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $26,969Loan loss allowance
  • $607Trading account assets
  • $0Bank premises and fixed assets
  • $2,110Other real estate owned
  • $0Goodwill and other intangibles
  • $1,313Life insurance assets
  • $590All other assets
  • $0Total liabilities and capital
  • $101,292Total liabilities
  • $96,162Total deposits
  • $89,969Interest-bearing deposits
  • $71,999Deposits held in domestic offices
  • 89969.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $5,700Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $493Total equity capital
  • $493Total bank equity capital
  • $5,130Perpetual preferred stock
  • $0Common stock
  • $807Surplus
  • $5,076Undivided profits
  • Memoranda
  • $-753Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $84Income earned, not collected on loans
  • $109Earning assets
  • $93,738Long-term assets (5+ years)
  • $31,589Average Assets, year-to-date
  • $110,573Average Assets, quarterly
  • $104,256Volatile liabilities
  • $7,848Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,076Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,163Total risk weighted assets
  • $39,332Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,602Total interest expense
  • $2,980Net interest income
  • $3,622Provision for loan and lease losses
  • -$124Total noninterest income
  • $1,433Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,011Trading account gains & fees
  • $0Additional noninterest income
  • $422Total noninterest expense
  • $4,471Salaries and employee benefits
  • $960Premises and equipment expense
  • $464Additional noninterest expense
  • $3,047Pre-tax net operating income
  • $708Securities gains (losses)
  • -$331Applicable income taxes
  • $130Income before extraordinary items
  • $247Extraordinary gains - net
  • $0Net income attributable to bank
  • $247Net charge-offs
  • -$101Cash dividends
  • $1,075Sale, 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
  • 6.34%Cost of funding earning assets
  • 2.86%Net interest margin
  • 3.48%Noninterest income to earning assets
  • 1.38%Noninterest expense to earning assets
  • 4.30%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.22%Pretax return on assets
  • 0.34%Return on equity (ROE)
  • 3.70%Retained earnings to average equity (YTD only)
  • -12.41%Net charge-offs to loans
  • -0.42%Credit loss provision to net charge-offs
  • 122.77%Efficiency ratio
  • 83,541Assets per employee
  • 2.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 435.22%Loss allowance to loans
  • 2.20%Loss allowance to noncurrent loans
  • 722.62%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 29.98%Net loans and leases to core deposits
  • 30.71%Equity capital to assets
  • 5.06%Core capital (leverage) ratio
  • 5.75%Tier 1 risk-based capital ratio
  • 15.67%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $110,573Average earning assets
  • $6,674Average equity
  • $104,092Average loans

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