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

This bank is inactive as of November 17, 1995

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

  • General
  • FDIC Certificate #: 33580
    Status: Inactive
    Closing history: Office Purchased
    Acquiring institution: Norwest Bank Minnesota South, National Association (#5237)
    Federal Reserve ID: 1950791
    Date Established: April 03, 1992
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 47525
    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: April 03, 1992
    Last Structure Change Effective Date: November 17, 1995
    Last Structure Change Process Date: January 03, 1996
    Last Data Update: January 03, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 220 Elm Avenue East, Waseca, MN 56093
    County: Waseca
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Consolidated - Without Assistance
    Corrections
    Office Purchased
  • Financial Summary
  • Total assets: $26.9 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)
  • $8Total assets
  • $25,427Cash and due from depository institutions
  • $350Interest-bearing balances
  • $0Securities
  • $12,575Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $12,073Loan loss allowance
  • $67Trading account assets
  • $0Bank premises and fixed assets
  • $54Other real estate owned
  • $0Goodwill and other intangibles
  • $142Life insurance assets
  • $233All other assets
  • $0Total liabilities and capital
  • $25,427Total liabilities
  • $22,773Total deposits
  • $20,907Interest-bearing deposits
  • $19,892Deposits held in domestic offices
  • 20907.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $1,500Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $366Total equity capital
  • $366Total bank equity capital
  • $2,654Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $2,000Undivided profits
  • Memoranda
  • $-346Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4Income earned, not collected on loans
  • $57Earning assets
  • $24,648Long-term assets (5+ years)
  • $770Average Assets, year-to-date
  • $24,811Average Assets, quarterly
  • $25,060Volatile liabilities
  • $2,775Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $435Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,591Total risk weighted assets
  • $12,616Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,427Total interest expense
  • $831Net interest income
  • $596Provision for loan and lease losses
  • $50Total noninterest income
  • $88Fiduciary activities
  • $0Service charges on deposit accounts
  • $66Trading account gains & fees
  • $0Additional noninterest income
  • $22Total noninterest expense
  • $687Salaries and employee benefits
  • $224Premises and equipment expense
  • $74Additional noninterest expense
  • $389Pre-tax net operating income
  • -$53Securities gains (losses)
  • -$145Applicable income taxes
  • -$27Income before extraordinary items
  • -$171Extraordinary gains - net
  • $0Net income attributable to bank
  • -$171Net charge-offs
  • $7Cash dividends
  • $0Sale, 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
  • 5.96%Cost of funding earning assets
  • 3.47%Net interest margin
  • 2.49%Noninterest income to earning assets
  • 0.37%Noninterest expense to earning assets
  • 2.87%Net operating income to assets
  • -0.19%Return on assets (ROA)
  • -0.69%Pretax return on assets
  • -0.80%Return on equity (ROE)
  • -6.04%Retained earnings to average equity (YTD only)
  • -6.04%Net charge-offs to loans
  • 0.07%Credit loss provision to net charge-offs
  • 714.29%Efficiency ratio
  • 86,257Assets per employee
  • 3.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.55%Loss allowance to noncurrent loans
  • 1675.00%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 57.75%Net loans and leases to core deposits
  • 61.50%Equity capital to assets
  • 10.44%Core capital (leverage) ratio
  • 10.39%Tier 1 risk-based capital ratio
  • 20.54%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $24,811Average earning assets
  • $2,831Average equity
  • $23,946Average loans

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