Wells Fargo Bank Grand Junction-Downtown, National Association in Grand Junction, Colorado (CO)



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Wells Fargo Bank Grand Junction-Downtown, National Association
GeneralFDIC Certificate #: 12863
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank, National Association (#3511)
Federal Reserve ID: 2383882
Date Established: January 01, 1903
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 #: 8144
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 01, 2009
Last Structure Change Process Date: January 13, 2009
Last Data Update: January 13, 2009
Data Source Date: April 05, 2012
LocationAddress: 359 Main Street, Grand Junction, CO 81501
County: Mesa
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): Grand Junction, CO (#2995)
Core Based Statistical Area (CBSA): Grand Junction, CO (#24300)
CBSA Metro Statistical Area: Grand Junction, CO (#24300)
Financial SummaryTotal assets: $3.2 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 2008)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$3,242
Cash and due from depository institutions$0
Interest-bearing balances$0
Securities$0
Federal funds sold & reverse repurchase agreements$3,182
Net loans & leases$0
Loan loss allowance $0
Trading account assets$0
Bank premises and fixed assets$0
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$60
Life insurance assets$0
Total liabilities and capital$3,242
Total liabilities$657
Total deposits$500
Interest-bearing deposits$500
Deposits held in domestic offices$500
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $157
Total equity capital$2,585
Total bank equity capital$2,585
Perpetual preferred stock$2,585
Common stock$0
Surplus$1,000
Undivided profits $1,000
Memoranda
Noncurrent loans and leases $585
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $0
Average Assets, year-to-date $0
Average Assets, quarterly $3,182
Volatile liabilities $0
Insider loans $3,248
FHLB advances $3,246
Loans and leases held for sale $500
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 2008)
(Dollar figures in thousands)
Total interest income $65
Total interest expense $23
Net interest income $42
Provision for loan and lease losses $0
Total noninterest income $0
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $54
Salaries and employee benefits $0
Premises and equipment expense $0
Additional noninterest expense $54
Pre-tax net operating income -$12
Securities gains (losses) $0
Applicable income taxes -$4
Income before extraordinary items -$8
Extraordinary gains - net $0
Net income attributable to bank -$8
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 2008)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets2.04%
Cost of funding earning assets 0.72%
Net interest margin 1.32%
Noninterest income to earning assets 0.00%
Noninterest expense to earning assets 1.69%
Net operating income to assets -0.25%
Return on assets (ROA) -0.25%
Pretax return on assets -0.37%
Return on equity (ROE) -0.31%
Retained earnings to average equity (YTD only) -0.31%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$128,571
Cash dividends to net income (YTD only)0.00%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.00%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 0.00%
Equity capital to assets 0.00%
Core capital (leverage) ratio 79.73%
Tier 1 risk-based capital ratio 79.59%
Total risk-based capital ratio 406.45%
Memoranda
Average assets$406
Average earning assets$3,248
Average equity $2,593
Average loans $3,186
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