Wells Fargo Financial Bank in Sioux Falls, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 02, 2009

  • Wells Fargo Financial Bank in Sioux Falls, South Dakota (SD)
  • Show street view No street view available for this location

Wells Fargo Financial Bank - Overview

  • General
  • FDIC Certificate #: 26983
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank, National Association (#3511)
    Federal Reserve ID: 363956
    Date Established: June 01, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 36400
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 01, 1987
    Last Structure Change Effective Date: Febuary 02, 2009
    Last Structure Change Process Date: March 16, 2009
    Last Data Update: March 16, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 3201 North 4th Avenue, Sioux Falls, SD 57104
    County: Minnehaha
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Sioux Falls, SD (#7760)
    Core Based Statistical Area (CBSA): Sioux Falls, SD (#43620)
    CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
  • Financial Summary
  • Total assets: $6,296.0 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
  • 1,074Total employees (full-time equivalent)
  • $6,296,020Total assets
  • $26,966Cash and due from depository institutions
  • $150Interest-bearing balances
  • $377,466Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $5,519,875Net loans & leases
  • $902,811Loan loss allowance
  • $0Trading account assets
  • $13,769Bank premises and fixed assets
  • $1,748Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $356,196All other assets
  • $6,296,020Total liabilities and capital
  • $5,371,150Total liabilities
  • $185,937Total deposits
  • $184,073Interest-bearing deposits
  • $185,937Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,148,515Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $734,671Other borrowed funds
  • $170,000Subordinated debt
  • $132,027All other liabilities
  • $924,870Total equity capital
  • $924,870Total bank equity capital
  • $924,870Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $370,068Undivided profits
  • Memoranda
  • $553,802Noncurrent loans and leases
  • $4,094,223Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $272,672Earning assets
  • $0Long-term assets (5+ years)
  • $65,521Average Assets, year-to-date
  • $5,897,491Average Assets, quarterly
  • $273,697Volatile liabilities
  • $6,010,481Insider loans
  • $6,295,071FHLB advances
  • $4,185,486Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,094,223Total unused commitments
  • $0Restructured Loans and leases
  • $256,348Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $1,071,789Total interest income
  • $126,662Total interest expense
  • $945,127Net interest income
  • $1,095,126Provision for loan and lease losses
  • $109,455Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $109,455Additional noninterest income
  • $157,959Total noninterest expense
  • $51,175Salaries and employee benefits
  • $2,806Premises and equipment expense
  • $103,978Additional noninterest expense
  • -$198,503Pre-tax net operating income
  • $3,877Securities gains (losses)
  • -$71,496Applicable income taxes
  • -$123,130Income before extraordinary items
  • $0Extraordinary gains - net
  • -$123,130Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $572,409Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 18.81%Yield on earning assets
  • 2.22%Cost of funding earning assets
  • 16.59%Net interest margin
  • 1.92%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • -2.09%Net operating income to assets
  • -2.05%Return on assets (ROA)
  • -3.24%Pretax return on assets
  • -14.61%Return on equity (ROE)
  • -14.61%Retained earnings to average equity (YTD only)
  • 9.73%Net charge-offs to loans
  • 191.32%Credit loss provision to net charge-offs
  • 1.57%Efficiency ratio
  • 14,978Assets per employee
  • 5.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 14.06%Loss allowance to noncurrent loans
  • 331.10%Noncurrent assets plus other real estate owned to assets
  • 4.36%Noncurrent loans to loans
  • 4.25%Net loans and leases to deposits
  • 2968.68%Net loans and leases to core deposits
  • 3005.86%Equity capital to assets
  • 14.69%Core capital (leverage) ratio
  • 11.69%Tier 1 risk-based capital ratio
  • 12.00%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $6,010,481Average earning assets
  • $842,904Average equity
  • $5,698,201Average loans

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