Wells Fargo Bank Minnesota, National Association in Minneapolis, Minnesota (MN)

Show street view No street view available for this location
Table of contents:
Wells Fargo Bank Minnesota, National Association
GeneralFDIC Certificate #: 5208
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank, National Association (#3511)
Federal Reserve ID: 995151
Date Established: January 01, 1872
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: 176 (Interstate: No)
OTS Docket #: 9127
FDIC's unique #: 3497
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: 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 22, 2004
Last Data Update: March 22, 2004
Data Source Date: April 05, 2012
LocationAddress: Sixth Street And Marquette Avenue, Minneapolis, MN 55479
County: Hennepin
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial SummaryTotal assets: $48,801.9 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)
Total employees (full-time equivalent)7,665
Total assets$48,801,863
Cash and due from depository institutions$1,448,414
Interest-bearing balances$126,782
Federal funds sold & reverse repurchase agreements$1,053,000
Net loans & leases$41,887,950
Loan loss allowance $284,375
Trading account assets$49,037
Bank premises and fixed assets$179,751
Other real estate owned$12,268
Goodwill and other intangibles$299,985
All other assets$1,303,384
Life insurance assets$0
Total liabilities and capital$48,801,863
Total liabilities$44,966,339
Total deposits$29,893,674
Interest-bearing deposits$12,796,676
Deposits held in domestic offices$29,889,500
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $9,532,630
Trading liabilities$1,965
Other borrowed funds $4,543,322
Subordinated debt $0
All other liabilities $994,748
Total equity capital$3,835,524
Total bank equity capital$3,835,524
Perpetual preferred stock$3,835,524
Common stock$0
Undivided profits $2,133,596
Noncurrent loans and leases $1,601,928
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $3,375,813
Income earned, not collected on loans $0
Earning assets $155,992
Long-term assets (5+ years) $178
Average Assets, year-to-date $137,183
Average Assets, quarterly $45,649,828
Volatile liabilities $8,541,285
Insider loans $51,712,724
FHLB advances $50,361,020
Loans and leases held for sale $10,589,765
Unused loan commitments $2,409
Tier 1 (core) risk-based capital $4,535,062
Tier 2 risk-based capital $741,144
Total risk weighted assets $14,457,381
Total unused commitments $3,375,813
Restructured Loans and leases $0
Back to page top, Back to table top

Income and Expense (December 31, 2003)
(Dollar figures in thousands)
Total interest income $2,287,509
Total interest expense $311,817
Net interest income $1,975,692
Provision for loan and lease losses $44,540
Total noninterest income $976,442
Fiduciary activities $238,031
Service charges on deposit accounts $184,373
Trading account gains & fees $3,375
Additional noninterest income $550,663
Total noninterest expense $1,461,342
Salaries and employee benefits $585,286
Premises and equipment expense $115,839
Additional noninterest expense $760,217
Pre-tax net operating income $1,446,252
Securities gains (losses) -$2,299
Applicable income taxes $499,709
Income before extraordinary items $944,244
Extraordinary gains - net $0
Net income attributable to bank $944,244
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $43,809
Net operating income $1,191,600
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2003)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.76%
Cost of funding earning assets 0.65%
Net interest margin 4.11%
Noninterest income to earning assets 2.03%
Noninterest expense to earning assets 3.04%
Net operating income to assets 1.83%
Return on assets (ROA) 1.83%
Pretax return on assets 2.79%
Return on equity (ROE) 25.09%
Retained earnings to average equity (YTD only) -6.57%
Net charge-offs to loans 0.11%
Credit loss provision to net charge-offs 101.67%
Efficiency ratio34.03%
Assets per employee$49,353
Cash dividends to net income (YTD only)6.37%
Condition Ratios (%)
Loss allowance to loans 126.20%
Loss allowance to noncurrent loans 0.67%
Noncurrent assets plus other real estate owned to assets 182.30%
Noncurrent loans to loans 0.34%
Net loans and leases to deposits0.37%
Net loans and leases to core deposits 140.12%
Equity capital to assets 141.38%
Core capital (leverage) ratio 7.86%
Tier 1 risk-based capital ratio 7.00%
Total risk-based capital ratio 13.14%
Average assets$14
Average earning assets$51,712,724
Average equity $3,763,631
Average loans $48,080,374
Back to page top, Back to table top

Total Fiduciary and Related Assets (December 31, 2003)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$136,927,682
Number of Accounts1
Personal trust and agency accounts$17,761,407
Employee benefit-defined contribution accounts$9,147,547
Employee benefit-defined benefit accounts$2,793,982
Other retirement accounts$1,438,650
Corporate trust and agency accounts$629,340
Investment management agency accounts$857,854
Other fiduciary accounts$448,393
Fiduciary accounts held in foreign offices$0
Non-managed Assets$2,445,641
Number of Accounts32497
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$119,166,275
Corporate trust and agency accounts$344,934
Other fiduciary accounts$27,664,982
Fiduciary accounts held in foreign offices$30,308
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Wells Fargo Bank Minnesota, National Association.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.