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

This bank is inactive as of January 01, 1995

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

General
FDIC Certificate #: 19120
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank West, National Association (#3011)
Federal Reserve ID: 649959
Date Established: May 18, 1964
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 12952
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: May 18, 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: 140 West Fifth Street, Delta, CO 81416
County: Delta
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
Financial Summary
Total assets: $54.1 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)
$23Total assets
$54,118Cash and due from depository institutions
$2,471Interest-bearing balances
$0Securities
$20,669Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$29,164Loan loss allowance
$1,274Trading account assets
$0Bank premises and fixed assets
$832Other real estate owned
$0Goodwill and other intangibles
$982Life insurance assets
$0All other assets
$0Total liabilities and capital
$54,118Total liabilities
$51,769Total deposits
$50,029Interest-bearing deposits
$42,079Deposits held in domestic offices
50029.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$1,000Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$740Total equity capital
$740Total bank equity capital
$2,349Perpetual preferred stock
$0Common stock
$443Surplus
$1,266Undivided profits
Memoranda
$640Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$28Income earned, not collected on loans
$284Earning assets
$49,833Long-term assets (5+ years)
$21,187Average Assets, year-to-date
$55,753Average Assets, quarterly
$55,936Volatile liabilities
$2,200Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,522Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,290Total risk weighted assets
$34,598Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,203Total interest expense
$1,217Net interest income
$2,986Provision for loan and lease losses
-$156Total noninterest income
$511Fiduciary activities
$0Service charges on deposit accounts
$290Trading account gains & fees
$0Additional noninterest income
$221Total noninterest expense
$2,391Salaries and employee benefits
$756Premises and equipment expense
$235Additional noninterest expense
$1,400Pre-tax net operating income
$1,262Securities gains (losses)
-$173Applicable income taxes
$379Income before extraordinary items
$710Extraordinary gains - net
$0Net income attributable to bank
$710Net charge-offs
-$69Cash dividends
$450Sale, 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
8.14%Cost of funding earning assets
2.36%Net interest margin
5.78%Noninterest income to earning assets
0.99%Noninterest expense to earning assets
4.63%Net operating income to assets
1.48%Return on assets (ROA)
1.27%Pretax return on assets
1.95%Return on equity (ROE)
24.32%Retained earnings to average equity (YTD only)
8.91%Net charge-offs to loans
-0.25%Credit loss provision to net charge-offs
226.09%Efficiency ratio
68,373Assets per employee
2.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.38%Loss allowance to loans
4.19%Loss allowance to noncurrent loans
4550.00%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.09%Net loans and leases to deposits
58.29%Net loans and leases to core deposits
59.73%Equity capital to assets
4.34%Core capital (leverage) ratio
5.76%Tier 1 risk-based capital ratio
9.51%Total risk-based capital ratio
Memoranda
$11Average assets
$55,753Average earning assets
$2,919Average equity
$51,640Average loans

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