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

This bank is inactive as of August 26, 2000

  • Norwest Bank Minnesota Southwest, National Association in Marshall, Minnesota (MN)
  • Show street view No street view available for this location

Norwest Bank Minnesota Southwest, National Association - Overview

  • General
  • FDIC Certificate #: 5195
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Minnesota, National Association (#5208)
    Federal Reserve ID: 921356
    Date Established: August 01, 1891
    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 #: 3484
    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: August 26, 2000
    Last Structure Change Process Date: September 20, 2000
    Last Data Update: September 20, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 West Main Street, Marshall, MN 56258
    County: Lyon
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Marshall, MN (#32140)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $263.1 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
  • 50Total employees (full-time equivalent)
  • $313,228Total assets
  • $41,419Cash and due from depository institutions
  • $32,285Interest-bearing balances
  • $154,109Securities
  • $34,600Federal funds sold & reverse repurchase agreements
  • $78,798Net loans & leases
  • $663Loan loss allowance
  • $0Trading account assets
  • $2,507Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,795All other assets
  • $313,228Total liabilities and capital
  • $292,044Total liabilities
  • $181,184Total deposits
  • $141,460Interest-bearing deposits
  • $181,184Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $92,383Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $26Other borrowed funds
  • $0Subordinated debt
  • $18,451All other liabilities
  • $21,184Total equity capital
  • $21,184Total bank equity capital
  • $21,184Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $14,156Undivided profits
  • Memoranda
  • $4,028Noncurrent loans and leases
  • $10,670Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $31Earning assets
  • $0Long-term assets (5+ years)
  • $688Average Assets, year-to-date
  • $299,792Average Assets, quarterly
  • $57,686Volatile liabilities
  • $286,450Insider loans
  • $294,460FHLB advances
  • $101,613Loans and leases held for sale
  • $50Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,670Total unused commitments
  • $0Restructured Loans and leases
  • $663Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $16,778Total interest income
  • $8,179Total interest expense
  • $8,599Net interest income
  • -$20Provision for loan and lease losses
  • $2,091Total noninterest income
  • $0Fiduciary activities
  • $1,499Service charges on deposit accounts
  • $0Trading account gains & fees
  • $592Additional noninterest income
  • $6,888Total noninterest expense
  • $1,792Salaries and employee benefits
  • $533Premises and equipment expense
  • $4,563Additional noninterest expense
  • $3,822Pre-tax net operating income
  • -$312Securities gains (losses)
  • $1,271Applicable income taxes
  • $2,239Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,239Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $31Sale, conversion, retirement of capital stock, net
  • $1,200Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.35%Yield on earning assets
  • 3.10%Cost of funding earning assets
  • 3.26%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 2.61%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 1.23%Pretax return on assets
  • 12.21%Return on equity (ROE)
  • 5.67%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • -64.52%Credit loss provision to net charge-offs
  • 122.65%Efficiency ratio
  • 64,434Assets per employee
  • 6.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.60%Loss allowance to loans
  • 0.83%Loss allowance to noncurrent loans
  • 2138.71%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 43.49%Net loans and leases to core deposits
  • 45.82%Equity capital to assets
  • 6.76%Core capital (leverage) ratio
  • 7.73%Tier 1 risk-based capital ratio
  • 9.84%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $286,450Average earning assets
  • $18,339Average equity
  • $264,080Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Norwest Bank Minnesota Southwest, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents