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

This bank is inactive as of July 08, 1994

  • Norwest Bank Minnesota West, National Association in Moorhead, Minnesota (MN)
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Norwest Bank Minnesota West, National Association - Overview

  • General
  • FDIC Certificate #: 5213
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Norwest Bank Minnesota West, National Association (#5124)
    Federal Reserve ID: 703459
    Date Established: March 25, 1929
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    OTS Docket #: 9906
    FDIC's unique #: 3500
    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: July 08, 1994
    Last Structure Change Process Date: July 20, 1994
    Last Data Update: July 20, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 524 Center Avenue, Moorhead, MN 56560
    County: Clay
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520)
    Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
    Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
    CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
  • Financial Summary
  • Total assets: $348.1 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $98Total assets
  • $360,309Cash and due from depository institutions
  • $15,221Interest-bearing balances
  • $0Securities
  • $133,585Federal funds sold & reverse repurchase agreements
  • $20,770Net loans & leases
  • $182,291Loan loss allowance
  • $2,430Trading account assets
  • $0Bank premises and fixed assets
  • $3,070Other real estate owned
  • $21Goodwill and other intangibles
  • $4,218Life insurance assets
  • $1,133All other assets
  • $0Total liabilities and capital
  • $360,309Total liabilities
  • $335,167Total deposits
  • $325,317Interest-bearing deposits
  • $285,456Deposits held in domestic offices
  • 325317.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $150Subordinated debt
  • $0All other liabilities
  • $6,700Total equity capital
  • $6,700Total bank equity capital
  • $25,141Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $11,731Undivided profits
  • Memoranda
  • $8,410Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $586Income earned, not collected on loans
  • $1,463Earning assets
  • $336,646Long-term assets (5+ years)
  • $78,375Average Assets, year-to-date
  • $353,153Average Assets, quarterly
  • $354,835Volatile liabilities
  • $10,247Insider loans
  • $212FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $21,222Total risk weighted assets
  • $202,393Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $23,892Total interest expense
  • $10,824Net interest income
  • $13,068Provision for loan and lease losses
  • $0Total noninterest income
  • $3,179Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,706Trading account gains & fees
  • $33Additional noninterest income
  • $1,440Total noninterest expense
  • $10,866Salaries and employee benefits
  • $3,724Premises and equipment expense
  • $1,146Additional noninterest expense
  • $5,996Pre-tax net operating income
  • $5,381Securities gains (losses)
  • $11Applicable income taxes
  • $2,094Income before extraordinary items
  • $3,298Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,298Net charge-offs
  • -$35Cash dividends
  • $2,495Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.26%Cost of funding earning assets
  • 3.29%Net interest margin
  • 3.97%Noninterest income to earning assets
  • 0.97%Noninterest expense to earning assets
  • 3.30%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 1.53%Return on equity (ROE)
  • 14.83%Retained earnings to average equity (YTD only)
  • 3.61%Net charge-offs to loans
  • -0.02%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 66,381Assets per employee
  • 3.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.65%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 414.68%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.32%Net loans and leases to deposits
  • 56.03%Net loans and leases to core deposits
  • 57.28%Equity capital to assets
  • 6.98%Core capital (leverage) ratio
  • 6.01%Tier 1 risk-based capital ratio
  • 10.49%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $353,153Average earning assets
  • $22,246Average equity
  • $328,985Average loans

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