Wells Fargo Bank Minnesota, National Association in Minneapolis, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 20, 2004

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 7,665Total employees (full-time equivalent)
  • $48,801,863Total assets
  • $1,448,414Cash and due from depository institutions
  • $126,782Interest-bearing balances
  • $2,568,074Securities
  • $1,053,000Federal funds sold & reverse repurchase agreements
  • $41,887,950Net loans & leases
  • $284,375Loan loss allowance
  • $49,037Trading account assets
  • $179,751Bank premises and fixed assets
  • $12,268Other real estate owned
  • $299,985Goodwill and other intangibles
  • $0Life insurance assets
  • $1,303,384All other assets
  • $48,801,863Total liabilities and capital
  • $44,966,339Total liabilities
  • $29,893,674Total deposits
  • $12,796,676Interest-bearing deposits
  • $29,889,500Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $9,532,630Federal funds purchased & repurchase agreements
  • $1,965Trading liabilities
  • $4,543,322Other borrowed funds
  • $0Subordinated debt
  • $994,748All other liabilities
  • $3,835,524Total equity capital
  • $3,835,524Total bank equity capital
  • $3,835,524Perpetual preferred stock
  • $0Common stock
  • $100,000Surplus
  • $2,133,596Undivided profits
  • Memoranda
  • $1,601,928Noncurrent loans and leases
  • $3,375,813Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $155,992Earning assets
  • $178Long-term assets (5+ years)
  • $137,183Average Assets, year-to-date
  • $45,649,828Average Assets, quarterly
  • $8,541,285Volatile liabilities
  • $51,712,724Insider loans
  • $50,361,020FHLB advances
  • $10,589,765Loans and leases held for sale
  • $2,409Unused loan commitments
  • $4,535,062Tier 1 (core) risk-based capital
  • $741,144Tier 2 risk-based capital
  • $14,457,381Total risk weighted assets
  • $3,375,813Total unused commitments
  • $0Restructured Loans and leases
  • $285,205Derivatives
  • $72,807Total assets and liabilities in foreign offices

Income and Expense (December 31, 2003)

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

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.76%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 4.11%Net interest margin
  • 2.03%Noninterest income to earning assets
  • 3.04%Noninterest expense to earning assets
  • 1.83%Net operating income to assets
  • 1.83%Return on assets (ROA)
  • 2.79%Pretax return on assets
  • 25.09%Return on equity (ROE)
  • -6.57%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 101.67%Credit loss provision to net charge-offs
  • 34.03%Efficiency ratio
  • 49,353Assets per employee
  • 6.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 126.20%Loss allowance to loans
  • 0.67%Loss allowance to noncurrent loans
  • 182.30%Noncurrent assets plus other real estate owned to assets
  • 0.34%Noncurrent loans to loans
  • 0.37%Net loans and leases to deposits
  • 140.12%Net loans and leases to core deposits
  • 141.38%Equity capital to assets
  • 7.86%Core capital (leverage) ratio
  • 7.00%Tier 1 risk-based capital ratio
  • 13.14%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $51,712,724Average earning assets
  • $3,763,631Average equity
  • $48,080,374Average 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
  • $136,927,682Managed Assets
  • 1Number of Accounts
  • $17,761,407Personal trust and agency accounts
  • $9,147,547Employee benefit-defined contribution accounts
  • $2,793,982Employee benefit-defined benefit accounts
  • $1,438,650Other retirement accounts
  • $629,340Corporate trust and agency accounts
  • $857,854Investment management agency accounts
  • $448,393Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $2,445,641Non-managed Assets
  • 32497Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $119,166,275Other retirement accounts
  • $344,934Corporate trust and agency accounts
  • $27,664,982Other fiduciary accounts
  • $30,308Fiduciary accounts held in foreign offices

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