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

This bank is inactive as of January 01, 1995

Norwest Bank Steamboat Springs, National Association in Steamboat Springs, Colorado (CO)
Show street view No street view available for this location

Norwest Bank Steamboat Springs, National Association - Overview

General
FDIC Certificate #: 11262
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank West, National Association (#3011)
Federal Reserve ID: 213855
Date Established: March 01, 1929
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 #: 7189
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: 320 Lincoln Avenue, Steamboat Springs, CO 80477
County: Routt
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
Financial Summary
Total assets: $118.0 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)
$36Total assets
$118,018Cash and due from depository institutions
$3,941Interest-bearing balances
$2,320Securities
$38,754Federal funds sold & reverse repurchase agreements
$16,100Net loans & leases
$55,888Loan loss allowance
$1,976Trading account assets
$0Bank premises and fixed assets
$1,308Other real estate owned
$0Goodwill and other intangibles
$2,027Life insurance assets
$0All other assets
$0Total liabilities and capital
$118,018Total liabilities
$113,492Total deposits
$95,455Interest-bearing deposits
$75,423Deposits held in domestic offices
95455.00%% insured (estimated)
$83Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$16,796Subordinated debt
$0All other liabilities
$1,241Total equity capital
$1,241Total bank equity capital
$4,526Perpetual preferred stock
$0Common stock
$800Surplus
$800Undivided profits
Memoranda
$2,926Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$55Income earned, not collected on loans
$347Earning assets
$113,062Long-term assets (5+ years)
$32,087Average Assets, year-to-date
$111,168Average Assets, quarterly
$115,051Volatile liabilities
$25,803Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$10,696Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,190Total risk weighted assets
$65,521Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$7,927Total interest expense
$2,327Net interest income
$5,600Provision for loan and lease losses
-$691Total noninterest income
$998Fiduciary activities
$0Service charges on deposit accounts
$591Trading account gains & fees
$0Additional noninterest income
$407Total noninterest expense
$4,551Salaries and employee benefits
$1,397Premises and equipment expense
$428Additional noninterest expense
$2,726Pre-tax net operating income
$2,738Securities gains (losses)
-$279Applicable income taxes
$858Income before extraordinary items
$1,601Extraordinary gains - net
$0Net income attributable to bank
$1,601Net charge-offs
-$493Cash dividends
$1,300Sale, 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
7.62%Cost of funding earning assets
2.24%Net interest margin
5.38%Noninterest income to earning assets
0.96%Noninterest expense to earning assets
4.37%Net operating income to assets
1.60%Return on assets (ROA)
1.44%Pretax return on assets
2.21%Return on equity (ROE)
27.28%Retained earnings to average equity (YTD only)
5.13%Net charge-offs to loans
-0.90%Credit loss provision to net charge-offs
140.16%Efficiency ratio
68,975Assets per employee
3.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
81.20%Loss allowance to loans
3.41%Loss allowance to noncurrent loans
3592.73%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.10%Net loans and leases to deposits
58.55%Net loans and leases to core deposits
64.65%Equity capital to assets
3.84%Core capital (leverage) ratio
5.73%Tier 1 risk-based capital ratio
9.45%Total risk-based capital ratio
Memoranda
$11Average assets
$111,168Average earning assets
$5,869Average equity
$104,068Average 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 Steamboat Springs, 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.