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

This bank is inactive as of January 01, 1995

Norwest Bank Sunset Park, National Association in Pueblo, Colorado (CO)
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Norwest Bank Sunset Park, National Association - Overview

General
FDIC Certificate #: 18586
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank West, National Association (#3011)
Federal Reserve ID: 210153
Date Established: September 04, 1962
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 #: 12473
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: September 04, 1962
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: 1221 South Prairie Avenue, Pueblo, CO 81004
County: Pueblo
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
Metropolitan Statistical Area (MSA): Pueblo, CO (#6560)
Core Based Statistical Area (CBSA): Pueblo, CO (#39380)
CBSA Metro Statistical Area: Pueblo, CO (#39380)
Financial Summary
Total assets: $67.5 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)
$24Total assets
$67,464Cash and due from depository institutions
$2,987Interest-bearing balances
$580Securities
$36,646Federal funds sold & reverse repurchase agreements
$5,600Net loans & leases
$20,402Loan loss allowance
$681Trading account assets
$0Bank premises and fixed assets
$897Other real estate owned
$0Goodwill and other intangibles
$932Life insurance assets
$0All other assets
$0Total liabilities and capital
$67,464Total liabilities
$65,205Total deposits
$64,460Interest-bearing deposits
$55,834Deposits held in domestic offices
64460.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$745Total equity capital
$745Total bank equity capital
$2,259Perpetual preferred stock
$0Common stock
$688Surplus
$974Undivided profits
Memoranda
$597Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$40Income earned, not collected on loans
$108Earning assets
$63,228Long-term assets (5+ years)
$28,829Average Assets, year-to-date
$71,843Average Assets, quarterly
$69,271Volatile liabilities
$876Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,316Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,877Total risk weighted assets
$28,716Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,896Total interest expense
$1,707Net interest income
$3,189Provision for loan and lease losses
-$127Total noninterest income
$519Fiduciary activities
$0Service charges on deposit accounts
$330Trading account gains & fees
$0Additional noninterest income
$189Total noninterest expense
$2,687Salaries and employee benefits
$615Premises and equipment expense
$232Additional noninterest expense
$1,840Pre-tax net operating income
$1,148Securities gains (losses)
-$259Applicable income taxes
$303Income before extraordinary items
$586Extraordinary gains - net
$0Net income attributable to bank
$586Net charge-offs
-$74Cash dividends
$725Sale, 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
7.18%Cost of funding earning assets
2.50%Net interest margin
4.68%Noninterest income to earning assets
0.76%Noninterest expense to earning assets
3.94%Net operating income to assets
1.05%Return on assets (ROA)
0.82%Pretax return on assets
1.24%Return on equity (ROE)
16.56%Retained earnings to average equity (YTD only)
-3.93%Net charge-offs to loans
-0.34%Credit loss provision to net charge-offs
171.62%Efficiency ratio
72,465Assets per employee
2.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
123.72%Loss allowance to loans
3.23%Loss allowance to noncurrent loans
1702.50%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.19%Net loans and leases to deposits
31.65%Net loans and leases to core deposits
32.09%Equity capital to assets
3.35%Core capital (leverage) ratio
5.62%Tier 1 risk-based capital ratio
13.50%Total risk-based capital ratio
Memoranda
$15Average assets
$71,843Average earning assets
$3,539Average equity
$68,146Average loans

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