Norwest Bank Minnesota North, National Association in Duluth, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 08, 2000

  • Norwest Bank Minnesota North, National Association in Duluth, Minnesota (MN)
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Norwest Bank Minnesota North, National Association - Overview

  • General
  • FDIC Certificate #: 5125
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Minnesota, National Association (#5208)
    Federal Reserve ID: 159056
    Date Established: December 15, 1879
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 20 (Interstate: No)
    FDIC's unique #: 3429
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 08, 2000
    Last Structure Change Process Date: August 16, 2000
    Last Data Update: August 16, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 230 West Superior Street, Duluth, MN 55802
    County: St. Louis
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Duluth-Superior, MN-WI (#2240)
    Core Based Statistical Area (CBSA): Duluth, MN-WI (#20260)
    CBSA Metro Statistical Area: Duluth, MN-WI (#20260)
  • Financial Summary
  • Total assets: $1,047.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1999)

  • Dollar figures in thousands
  • 329Total employees (full-time equivalent)
  • $1,013,045Total assets
  • $36,134Cash and due from depository institutions
  • $20,670Interest-bearing balances
  • $399,563Securities
  • $86,100Federal funds sold & reverse repurchase agreements
  • $472,042Net loans & leases
  • $6,550Loan loss allowance
  • $0Trading account assets
  • $6,513Bank premises and fixed assets
  • $356Other real estate owned
  • $4,810Goodwill and other intangibles
  • $0Life insurance assets
  • $7,527All other assets
  • $1,013,045Total liabilities and capital
  • $931,001Total liabilities
  • $879,852Total deposits
  • $741,867Interest-bearing deposits
  • $879,852Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $32,850Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,792Other borrowed funds
  • $0Subordinated debt
  • $16,507All other liabilities
  • $82,044Total equity capital
  • $82,044Total bank equity capital
  • $82,044Perpetual preferred stock
  • $0Common stock
  • $7,000Surplus
  • $53,526Undivided profits
  • Memoranda
  • $21,518Noncurrent loans and leases
  • $59,375Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,067Earning assets
  • $29Long-term assets (5+ years)
  • $2,651Average Assets, year-to-date
  • $978,375Average Assets, quarterly
  • $384,654Volatile liabilities
  • $1,029,415Insider loans
  • $1,021,204FHLB advances
  • $87,749Loans and leases held for sale
  • $50Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $514Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $59,375Total unused commitments
  • $0Restructured Loans and leases
  • $6,550Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $68,148Total interest income
  • $29,685Total interest expense
  • $38,463Net interest income
  • $3,848Provision for loan and lease losses
  • $23,145Total noninterest income
  • $10,700Fiduciary activities
  • $5,519Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,926Additional noninterest income
  • $37,685Total noninterest expense
  • $13,111Salaries and employee benefits
  • $3,694Premises and equipment expense
  • $20,880Additional noninterest expense
  • $20,075Pre-tax net operating income
  • -$2,373Securities gains (losses)
  • $6,829Applicable income taxes
  • $10,873Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,873Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,510Sale, conversion, retirement of capital stock, net
  • $8,280Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.00%Yield on earning assets
  • 3.05%Cost of funding earning assets
  • 3.95%Net interest margin
  • 2.38%Noninterest income to earning assets
  • 3.87%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.06%Return on assets (ROA)
  • 1.72%Pretax return on assets
  • 13.14%Return on equity (ROE)
  • 3.13%Retained earnings to average equity (YTD only)
  • 0.76%Net charge-offs to loans
  • 109.63%Credit loss provision to net charge-offs
  • 6.82%Efficiency ratio
  • 59,838Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.15%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 161.05%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.85%Net loans and leases to deposits
  • 53.65%Net loans and leases to core deposits
  • 57.10%Equity capital to assets
  • 8.10%Core capital (leverage) ratio
  • 7.71%Tier 1 risk-based capital ratio
  • 11.09%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,029,415Average earning assets
  • $82,738Average equity
  • $972,857Average loans

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