Wells Fargo Bank South, National Association - Overview
General
FDIC Certificate #: 33966 Status: Inactive Closing history: Corrections Acquiring institution:Wells Fargo Bank South Central, National Association (#5146) Federal Reserve ID: 2264954 Date Established: January 17, 1995 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 17519 FDIC's unique #: 55340 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 17, 1995 Last Structure Change Effective Date: November 01, 2009 Last Structure Change Process Date: November 10, 2009 Last Data Update: November 10, 2009 Data Source Date: April 05, 2012
Location
Address: 2005 Taylor Street, Houston, TX 77007 County: Harris Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Washington FDIC Field Office: Houston Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Houston, TX (#3360) Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42) Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288) Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420) CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $22,785.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
0Total employees (full-time equivalent)
$29,508,742Total assets
$2,325Cash and due from depository institutions
$103Interest-bearing balances
$21,260,014Securities
$1,200,000Federal funds sold & reverse repurchase agreements
$5,186,672Net loans & leases
$257,365Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$36,068Other real estate owned
$36,796Goodwill and other intangibles
$0Life insurance assets
$1,786,867All other assets
$29,508,742Total liabilities and capital
$27,693,056Total liabilities
$4,901,950Total deposits
$4,901,950Interest-bearing deposits
$4,901,950Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$22,647,690Other borrowed funds
$0Subordinated debt
$143,416All other liabilities
$1,815,686Total equity capital
$1,815,686Total bank equity capital
$1,815,686Perpetual preferred stock
$0Common stock
$150Surplus
$1,815,536Undivided profits
Memoranda
$0Noncurrent loans and leases
$75Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$558,763Earning assets
$0Long-term assets (5+ years)
$32,902Average Assets, year-to-date
$27,646,789Average Assets, quarterly
$0Volatile liabilities
$27,145,573Insider loans
$31,364,164FHLB advances
$25,781,635Loans and leases held for sale
$0Unused loan commitments
$22,297,690Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$75Total unused commitments
$36,068Restructured Loans and leases
$105,826Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$0Total interest income
$0Total interest expense
$0Net interest income
$95,005Provision for loan and lease losses
$0Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$0Total noninterest expense
$0Salaries and employee benefits
$0Premises and equipment expense
$0Additional noninterest expense
-$95,005Pre-tax net operating income
$0Securities gains (losses)
-$33,252Applicable income taxes
-$61,753Income before extraordinary items
$0Extraordinary gains - net
-$61,753Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
0.00%Cost of funding earning assets
0.00%Net interest margin
0.00%Noninterest income to earning assets
0.00%Noninterest expense to earning assets
-0.23%Net operating income to assets
-0.23%Return on assets (ROA)
-0.35%Pretax return on assets
-3.74%Return on equity (ROE)
-3.74%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
0Assets per employee
0.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.73%Loss allowance to noncurrent loans
46.06%Noncurrent assets plus other real estate owned to assets
2.02%Noncurrent loans to loans
10.26%Net loans and leases to deposits
105.81%Net loans and leases to core deposits
293.36%Equity capital to assets
6.15%Core capital (leverage) ratio
5.79%Tier 1 risk-based capital ratio
20.49%Total risk-based capital ratio
Memoranda
$22Average assets
$27,145,573Average earning assets
$1,652,259Average equity
$25,803,642Average loans
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