Norwest Bank Wabash, National Association in Wabash, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 1994

Norwest Bank Wabash, National Association in Wabash, Indiana (IN)
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Norwest Bank Wabash, National Association - Overview

General
FDIC Certificate #: 11630
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Indiana, National Association (#13849)
Federal Reserve ID: 165440
Date Established: December 20, 1933
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 7436
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: March 01, 1994
Last Structure Change Process Date: March 14, 1994
Last Data Update: March 14, 1994
Data Source Date: April 05, 2012
Location
Address: 202 South Wabash Street, Wabash, IN 46992
County: Wabash
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Wabash, IN (#47340)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $80.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$34Total assets
$80,236Cash and due from depository institutions
$2,652Interest-bearing balances
$103Securities
$42,066Federal funds sold & reverse repurchase agreements
$2,500Net loans & leases
$29,821Loan loss allowance
$1,725Trading account assets
$0Bank premises and fixed assets
$1,511Other real estate owned
$2Goodwill and other intangibles
$1,684Life insurance assets
$0All other assets
$0Total liabilities and capital
$80,236Total liabilities
$75,288Total deposits
$73,434Interest-bearing deposits
$66,114Deposits held in domestic offices
73434.00%% insured (estimated)
$79Federal funds purchased & repurchase agreements
$62Trading liabilities
$0Other borrowed funds
$2Subordinated debt
$0All other liabilities
$1,790Total equity capital
$1,790Total bank equity capital
$4,948Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,156Undivided profits
Memoranda
$2,792Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,275Income earned, not collected on loans
$228Earning assets
$74,490Long-term assets (5+ years)
$40,119Average Assets, year-to-date
$86,121Average Assets, quarterly
$82,115Volatile liabilities
$4,493Insider loans
$942FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,901Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,830Total risk weighted assets
$43,295Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$5,498Total interest expense
$2,811Net interest income
$2,687Provision for loan and lease losses
$1,569Total noninterest income
$467Fiduciary activities
$0Service charges on deposit accounts
$271Trading account gains & fees
$0Additional noninterest income
$196Total noninterest expense
$2,639Salaries and employee benefits
$1,178Premises and equipment expense
$517Additional noninterest expense
$944Pre-tax net operating income
-$1,054Securities gains (losses)
$34Applicable income taxes
-$258Income before extraordinary items
-$762Extraordinary gains - net
-$416Net income attributable to bank
-$1,178Net charge-offs
$709Cash dividends
$1,600Sale, 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
6.95%Cost of funding earning assets
3.56%Net interest margin
3.40%Noninterest income to earning assets
0.59%Noninterest expense to earning assets
3.34%Net operating income to assets
-0.91%Return on assets (ROA)
-1.37%Pretax return on assets
-1.67%Return on equity (ROE)
-19.10%Retained earnings to average equity (YTD only)
-45.05%Net charge-offs to loans
1.90%Credit loss provision to net charge-offs
221.30%Efficiency ratio
82,055Assets per employee
2.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
-135.82%Loss allowance to loans
5.47%Loss allowance to noncurrent loans
75.82%Noncurrent assets plus other real estate owned to assets
2.84%Noncurrent loans to loans
7.21%Net loans and leases to deposits
40.61%Net loans and leases to core deposits
43.22%Equity capital to assets
6.17%Core capital (leverage) ratio
5.83%Tier 1 risk-based capital ratio
11.16%Total risk-based capital ratio
Memoranda
$12Average assets
$86,121Average earning assets
$6,167Average equity
$79,056Average loans

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