Wells Fargo Bank Illinois, National Association in Galesburg, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 20, 2004

  • Wells Fargo Bank Illinois, National Association in Galesburg, Illinois (IL)
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Wells Fargo Bank Illinois, National Association - Overview

  • General
  • FDIC Certificate #: 3667
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank, National Association (#3511)
    Federal Reserve ID: 985134
    Date Established: December 15, 1863
    WWW: http://www.wellsfargo.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 15 (Interstate: No)
    FDIC's unique #: 2344
    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: Febuary 20, 2004
    Last Structure Change Process Date: March 31, 2004
    Last Data Update: March 31, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 East Main Street, Galesburg, IL 61401
    County: Knox
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Galesburg, IL (#23660)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $478.2 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)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2003)

  • Dollar figures in thousands
  • 151Total employees (full-time equivalent)
  • $478,157Total assets
  • $24,742Cash and due from depository institutions
  • $0Interest-bearing balances
  • $34,340Securities
  • $198,997Federal funds sold & reverse repurchase agreements
  • $177,639Net loans & leases
  • $4,077Loan loss allowance
  • $0Trading account assets
  • $9,884Bank premises and fixed assets
  • $166Other real estate owned
  • $24,667Goodwill and other intangibles
  • $0Life insurance assets
  • $7,722All other assets
  • $478,157Total liabilities and capital
  • $395,641Total liabilities
  • $369,507Total deposits
  • $309,526Interest-bearing deposits
  • $369,507Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $20,948Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $5,186All other liabilities
  • $82,516Total equity capital
  • $82,516Total bank equity capital
  • $82,516Perpetual preferred stock
  • $0Common stock
  • $2,540Surplus
  • $77,554Undivided profits
  • Memoranda
  • $2,422Noncurrent loans and leases
  • $69,272Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,740Earning assets
  • $0Long-term assets (5+ years)
  • $1,625Average Assets, year-to-date
  • $410,976Average Assets, quarterly
  • $39,024Volatile liabilities
  • $487,014Insider loans
  • $480,240FHLB advances
  • $30,305Loans and leases held for sale
  • $56Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $69,272Total unused commitments
  • $0Restructured Loans and leases
  • $3,308Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $17,723Total interest income
  • $4,275Total interest expense
  • $13,448Net interest income
  • -$1,552Provision for loan and lease losses
  • $5,792Total noninterest income
  • $1,842Fiduciary activities
  • $2,452Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,498Additional noninterest income
  • $16,486Total noninterest expense
  • $8,393Salaries and employee benefits
  • $2,797Premises and equipment expense
  • $5,296Additional noninterest expense
  • $4,306Pre-tax net operating income
  • -$1Securities gains (losses)
  • $1,302Applicable income taxes
  • $3,003Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,003Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$1,553Sale, conversion, retirement of capital stock, net
  • $8,000Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.14%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 3.14%Net interest margin
  • 1.35%Noninterest income to earning assets
  • 3.85%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 3.48%Return on equity (ROE)
  • -5.79%Retained earnings to average equity (YTD only)
  • -0.49%Net charge-offs to loans
  • 99.94%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 85,343Assets per employee
  • 3.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 266.40%Loss allowance to loans
  • 2.24%Loss allowance to noncurrent loans
  • 148.80%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 1.51%Net loans and leases to deposits
  • 48.07%Net loans and leases to core deposits
  • 49.32%Equity capital to assets
  • 17.26%Core capital (leverage) ratio
  • 12.47%Tier 1 risk-based capital ratio
  • 21.67%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $487,014Average earning assets
  • $86,254Average equity
  • $428,201Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $61,162Managed Assets
  • 1Number of Accounts
  • $30,515Personal trust and agency accounts
  • $23,349Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,729Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $1,033Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $4,404Non-managed Assets
  • 158Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $30,647Other retirement accounts
  • $27,591Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,590Fiduciary accounts held in foreign offices

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