Norwest Bank Great Falls, National Association in Great Falls, Montana (MT)

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Norwest Bank Great Falls, National Association
GeneralFDIC Certificate #: 2180
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Montana, National Association (#16309)
Federal Reserve ID: 601555
Date Established: May 18, 1891
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 #: 1443
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: January 01, 1934
Last Structure Change Effective Date: Febuary 10, 1995
Last Structure Change Process Date: Febuary 23, 1995
Last Data Update: Febuary 23, 1995
Data Source Date: April 05, 2012
LocationAddress: 21 Third Street, North, Great Falls, MT 59403
County: Cascade
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Billings
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Great Falls, MT (#3040)
Core Based Statistical Area (CBSA): Great Falls, MT (#24500)
CBSA Metro Statistical Area: Great Falls, MT (#24500)
Financial SummaryTotal assets: $170.7 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)
Total employees (full-time equivalent)0
Total assets$53
Cash and due from depository institutions$170,735
Interest-bearing balances$16,391
Federal funds sold & reverse repurchase agreements$25,488
Net loans & leases$0
Loan loss allowance $125,823
Trading account assets$1,320
Bank premises and fixed assets$0
Other real estate owned$1,387
Goodwill and other intangibles$0
All other assets$0
Life insurance assets$1,646
Total liabilities and capital$0
Total liabilities$170,735
Total deposits$161,988
Interest-bearing deposits$122,937
Deposits held in domestic offices$90,123
% insured (estimated)122937.00%
Federal funds purchased & repurchase agreements $86
Trading liabilities$33,502
Other borrowed funds $0
Subordinated debt $522
All other liabilities $2,500
Total equity capital$2,527
Total bank equity capital$2,527
Perpetual preferred stock$8,747
Common stock$0
Undivided profits $3,750
Noncurrent loans and leases $1,247
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $278
Earning assets $1,164
Long-term assets (5+ years) $151,311
Average Assets, year-to-date $40,591
Average Assets, quarterly $156,505
Volatile liabilities $162,772
Insider loans $37,016
FHLB advances $34
Loans and leases held for sale $0
Unused loan commitments $4,254
Tier 1 (core) risk-based capital $50,556
Tier 2 risk-based capital $0
Total risk weighted assets $9,365
Total unused commitments $138,685
Restructured Loans and leases $0
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Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $11,212
Net interest income $3,704
Provision for loan and lease losses $7,508
Total noninterest income $482
Fiduciary activities $1,432
Service charges on deposit accounts $0
Trading account gains & fees $914
Additional noninterest income $15
Total noninterest expense $503
Salaries and employee benefits $5,526
Premises and equipment expense $1,766
Additional noninterest expense $418
Pre-tax net operating income $3,342
Securities gains (losses) $2,932
Applicable income taxes $146
Income before extraordinary items $1,202
Extraordinary gains - net $1,876
Net income attributable to bank $0
Net charge-offs $1,876
Cash dividends $309
Sale, conversion, retirement of capital stock, net $450
Net operating income $0
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Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.97%
Net interest margin 2.63%
Noninterest income to earning assets 5.33%
Noninterest expense to earning assets 1.02%
Net operating income to assets 3.93%
Return on assets (ROA) 1.14%
Pretax return on assets 1.20%
Return on equity (ROE) 1.97%
Retained earnings to average equity (YTD only) 21.72%
Net charge-offs to loans 16.51%
Credit loss provision to net charge-offs 0.27%
Efficiency ratio155.99%
Assets per employee$61,812
Cash dividends to net income (YTD only)3.22%
Condition Ratios (%)
Loss allowance to loans 23.99%
Loss allowance to noncurrent loans 1.04%
Noncurrent assets plus other real estate owned to assets 474.82%
Noncurrent loans to loans 0.16%
Net loans and leases to deposits0.22%
Net loans and leases to core deposits 102.35%
Equity capital to assets 104.90%
Core capital (leverage) ratio 5.12%
Tier 1 risk-based capital ratio 5.95%
Total risk-based capital ratio 6.75%
Average assets$10
Average earning assets$156,505
Average equity $8,636
Average loans $140,740
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