Norwest Bank Helena, National Association in Helena, Montana (MT)



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Norwest Bank Helena, National Association
GeneralFDIC Certificate #: 1110
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Montana, National Association (#16309)
Federal Reserve ID: 647553
Date Established: January 17, 1898
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 753
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: 350 North Last Chance Gulch, Helena, MT 59601
County: Lewis And Clark
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
Core Based Statistical Area (CBSA): Helena, MT (#25740)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $123.4 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$39
Cash and due from depository institutions$123,414
Interest-bearing balances$6,954
Securities$0
Federal funds sold & reverse repurchase agreements$45,581
Net loans & leases$1,269
Loan loss allowance $66,399
Trading account assets$728
Bank premises and fixed assets$0
Other real estate owned$1,906
Goodwill and other intangibles$23
All other assets$0
Life insurance assets$1,282
Total liabilities and capital$0
Total liabilities$123,414
Total deposits$117,828
Interest-bearing deposits$114,461
Deposits held in domestic offices$88,486
% insured (estimated)114461.00%
Federal funds purchased & repurchase agreements $86
Trading liabilities$1,653
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$1,714
Total bank equity capital$1,714
Perpetual preferred stock$5,586
Common stock$0
Surplus$2,600
Undivided profits $2,950
Memoranda
Noncurrent loans and leases $36
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $50
Earning assets $512
Long-term assets (5+ years) $113,249
Average Assets, year-to-date $40,059
Average Assets, quarterly $123,321
Volatile liabilities $122,186
Insider loans $6,935
FHLB advances $52
Loans and leases held for sale $0
Unused loan commitments $7,083
Tier 1 (core) risk-based capital $10,660
Tier 2 risk-based capital $0
Total risk weighted assets $6,913
Total unused commitments $71,873
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $8,598
Net interest income $2,915
Provision for loan and lease losses $5,683
Total noninterest income $108
Fiduciary activities $1,010
Service charges on deposit accounts $0
Trading account gains & fees $549
Additional noninterest income -$13
Total noninterest expense $474
Salaries and employee benefits $4,344
Premises and equipment expense $1,350
Additional noninterest expense $366
Pre-tax net operating income $2,628
Securities gains (losses) $2,241
Applicable income taxes -$23
Income before extraordinary items $835
Extraordinary gains - net $1,383
Net income attributable to bank $0
Net charge-offs $1,383
Cash dividends $13
Sale, conversion, retirement of capital stock, net $1,425
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 7.62%
Net interest margin 2.58%
Noninterest income to earning assets 5.04%
Noninterest expense to earning assets 0.90%
Net operating income to assets 3.85%
Return on assets (ROA) 1.13%
Pretax return on assets 1.12%
Return on equity (ROE) 1.80%
Retained earnings to average equity (YTD only) 19.82%
Net charge-offs to loans -0.60%
Credit loss provision to net charge-offs 0.02%
Efficiency ratio830.77%
Assets per employee$64,904
Cash dividends to net income (YTD only)3.16%
Condition Ratios (%)
Loss allowance to loans 103.04%
Loss allowance to noncurrent loans 1.08%
Noncurrent assets plus other real estate owned to assets 1456.00%
Noncurrent loans to loans 0.06%
Net loans and leases to deposits0.07%
Net loans and leases to core deposits 58.01%
Equity capital to assets 60.82%
Core capital (leverage) ratio 4.53%
Tier 1 risk-based capital ratio 5.70%
Total risk-based capital ratio 9.62%
Memoranda
Average assets$11
Average earning assets$123,321
Average equity $6,978
Average loans $112,834
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