Wells Fargo Bank North Dakota, National Association in Fargo, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 20, 2004

  • Wells Fargo Bank North Dakota, National Association in Fargo, North Dakota (ND)
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Wells Fargo Bank North Dakota, National Association - Overview

  • General
  • FDIC Certificate #: 3922
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank, National Association (#3511)
    Federal Reserve ID: 928850
    Date Established: January 01, 1878
    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: 28 (Interstate: No)
    OTS Docket #: 9910
    FDIC's unique #: 2557
    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 25, 2004
    Last Data Update: March 25, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 406 Main Avenue, Fargo, ND 58126
    County: Cass
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520)
    Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
    Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
    CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
  • Financial Summary
  • Total assets: $1,531.1 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
  • 373Total employees (full-time equivalent)
  • $1,531,122Total assets
  • $95,925Cash and due from depository institutions
  • $34,193Interest-bearing balances
  • $164,018Securities
  • $473,048Federal funds sold & reverse repurchase agreements
  • $683,101Net loans & leases
  • $9,663Loan loss allowance
  • $304Trading account assets
  • $14,392Bank premises and fixed assets
  • $150Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $100,184All other assets
  • $1,531,122Total liabilities and capital
  • $1,440,609Total liabilities
  • $1,322,356Total deposits
  • $1,026,363Interest-bearing deposits
  • $1,322,356Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $86,918Federal funds purchased & repurchase agreements
  • $55Trading liabilities
  • $358Other borrowed funds
  • $19,355Subordinated debt
  • $11,567All other liabilities
  • $90,513Total equity capital
  • $90,513Total bank equity capital
  • $90,513Perpetual preferred stock
  • $0Common stock
  • $16,000Surplus
  • $47,639Undivided profits
  • Memoranda
  • $26,874Noncurrent loans and leases
  • $302,906Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $11,676Earning assets
  • $0Long-term assets (5+ years)
  • $6,605Average Assets, year-to-date
  • $1,354,360Average Assets, quarterly
  • $209,743Volatile liabilities
  • $1,497,549Insider loans
  • $1,489,866FHLB advances
  • $158,237Loans and leases held for sale
  • $207Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,707Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $302,906Total unused commitments
  • $0Restructured Loans and leases
  • $29,033Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $53,554Total interest income
  • $15,751Total interest expense
  • $37,803Net interest income
  • $3,241Provision for loan and lease losses
  • $29,481Total noninterest income
  • $4,077Fiduciary activities
  • $9,856Service charges on deposit accounts
  • $438Trading account gains & fees
  • $15,110Additional noninterest income
  • $64,734Total noninterest expense
  • $17,281Salaries and employee benefits
  • $5,032Premises and equipment expense
  • $42,421Additional noninterest expense
  • -$691Pre-tax net operating income
  • $454Securities gains (losses)
  • -$467Applicable income taxes
  • $230Income before extraordinary items
  • $0Extraordinary gains - net
  • $230Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,241Sale, conversion, retirement of capital stock, net
  • $10,000Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.02%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 2.84%Net interest margin
  • 2.21%Noninterest income to earning assets
  • 4.86%Noninterest expense to earning assets
  • -0.00%Net operating income to assets
  • 0.02%Return on assets (ROA)
  • -0.02%Pretax return on assets
  • 0.24%Return on equity (ROE)
  • -10.27%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 0.79%Efficiency ratio
  • 96,210Assets per employee
  • 4.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 4347.83%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 82.76%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 1.69%Net loans and leases to deposits
  • 51.66%Net loans and leases to core deposits
  • 54.59%Equity capital to assets
  • 5.91%Core capital (leverage) ratio
  • 6.01%Tier 1 risk-based capital ratio
  • 8.40%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,497,549Average earning assets
  • $95,115Average equity
  • $1,331,096Average 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
  • $592,988Managed Assets
  • 1Number of Accounts
  • $393,975Personal trust and agency accounts
  • $244,183Employee benefit-defined contribution accounts
  • $961Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $47,021Corporate trust and agency accounts
  • $105Investment management agency accounts
  • $56,044Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $45,661Non-managed Assets
  • 1112Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $199,013Other retirement accounts
  • $42,573Corporate trust and agency accounts
  • $117,603Other fiduciary accounts
  • $16,476Fiduciary accounts held in foreign offices

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