Norwest Bank Montrose, National Association in Montrose, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1995

  • Norwest Bank Montrose, National Association in Montrose, Colorado (CO)
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Norwest Bank Montrose, National Association - Overview

  • General
  • FDIC Certificate #: 3042
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank West, National Association (#3011)
    Federal Reserve ID: 583558
    Date Established: January 01, 1889
    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 #: 1937
    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: January 01, 1995
    Last Structure Change Process Date: January 12, 1995
    Last Data Update: January 12, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Montrose, CO 81401
    County: Montrose
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Montrose, CO (#33940)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $149.7 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
  • 0Total employees (full-time equivalent)
  • $52Total assets
  • $149,741Cash and due from depository institutions
  • $5,962Interest-bearing balances
  • $1,740Securities
  • $53,290Federal funds sold & reverse repurchase agreements
  • $6,800Net loans & leases
  • $79,805Loan loss allowance
  • $3,001Trading account assets
  • $0Bank premises and fixed assets
  • $1,448Other real estate owned
  • $0Goodwill and other intangibles
  • $2,436Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $149,741Total liabilities
  • $143,428Total deposits
  • $141,139Interest-bearing deposits
  • $120,963Deposits held in domestic offices
  • 141139.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $2,289Total equity capital
  • $2,289Total bank equity capital
  • $6,313Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $1,000Undivided profits
  • Memoranda
  • $4,313Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,540Income earned, not collected on loans
  • $772Earning assets
  • $141,635Long-term assets (5+ years)
  • $51,036Average Assets, year-to-date
  • $149,565Average Assets, quarterly
  • $150,673Volatile liabilities
  • $7,882Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $13,146Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,581Total risk weighted assets
  • $89,425Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,397Total interest expense
  • $3,637Net interest income
  • $7,760Provision for loan and lease losses
  • -$753Total noninterest income
  • $916Fiduciary activities
  • $0Service charges on deposit accounts
  • $549Trading account gains & fees
  • $0Additional noninterest income
  • $367Total noninterest expense
  • $5,108Salaries and employee benefits
  • $1,790Premises and equipment expense
  • $499Additional noninterest expense
  • $2,819Pre-tax net operating income
  • $4,321Securities gains (losses)
  • -$259Applicable income taxes
  • $1,413Income before extraordinary items
  • $2,649Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,649Net charge-offs
  • -$459Cash dividends
  • $2,350Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.09%Cost of funding earning assets
  • 2.58%Net interest margin
  • 5.51%Noninterest income to earning assets
  • 0.65%Noninterest expense to earning assets
  • 3.62%Net operating income to assets
  • 1.88%Return on assets (ROA)
  • 1.77%Pretax return on assets
  • 2.72%Return on equity (ROE)
  • 33.10%Retained earnings to average equity (YTD only)
  • 3.74%Net charge-offs to loans
  • -0.58%Credit loss provision to net charge-offs
  • 164.05%Efficiency ratio
  • 58,875Assets per employee
  • 2.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 88.71%Loss allowance to loans
  • 3.62%Loss allowance to noncurrent loans
  • 194.87%Noncurrent assets plus other real estate owned to assets
  • 1.03%Noncurrent loans to loans
  • 1.86%Net loans and leases to deposits
  • 56.54%Net loans and leases to core deposits
  • 59.89%Equity capital to assets
  • 4.22%Core capital (leverage) ratio
  • 5.70%Tier 1 risk-based capital ratio
  • 9.60%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $149,565Average earning assets
  • $8,003Average equity
  • $140,914Average loans

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