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



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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
Securities$2,568,074
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
Surplus$100,000
Undivided profits $2,133,596
Memoranda
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
Derivatives$285,205
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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
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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%
Memoranda
Average assets$14
Average earning assets$51,712,724
Average equity $3,763,631
Average loans $48,080,374
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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
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