Wells Fargo Financial National Bank

Report generated from DepositInsuredBanks.com
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Overview

FDIC Cert 27389
Address
4455 Spring Mountain Road, Las Vegas, NV 89102
FDIC Unique Number 39831
Federal Reserve ID 1225761
Federal Reserve ID for Bank Holding Company 1120754
OCC Charter Number 21099
OTS Docket Number Not available or not applicable
MSA Las Vegas, NV-AZ
County Clark
Website http://www.retailservices.wellsfargo.com
Established On 12/01/1988
Insured On 12/01/1988
Holding Company Wells Fargo & Company
Regulator Office of the Comptroller of the Currency
Asset Concentration Credit-card Specialization
Ownership Type
Domestic Offices 1
Foreign Offices
Bank Charter Class N - Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)

Recent Changes

Financial Snapshot

USD, Thousands
Total Assets 7,394,331
Total Deposits 6,426,608
Domestic Deposits 6,426,608
Bank Equity Capital 932,654
Year to Date Quarterly
Net Income USD, 000 202,011 54,492
Return on Assets 4.02% 3.13%
Return on Equity 28.04% 24.1%
Pre-Tax Return on Assets 6.25% 4.86%
as of 09/30/2015

Financial Health

As of 09/30/2015
Low Risk

The Texas ratio is a measure of a bank's credit troubles. It is a way to measure how risky a bank is. The higher the Texas ratio, the more severe the credit troubles. Any bank with a TX Ratio near or greater than 100% is considered at risk. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing assets (Non performing loans + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.

Wells Fargo Financial National Bank has a texas ratio of 5.63 which puts it at low risk. As of 09/30/2015 the bank had $65,702 Non Current Loans and Leases, $0 Other Real Estate Owned, $932,654 Total Equity Capital and $233,462 Loan Loss Allowance.

Historical Texas Ratios

Date Non Current Loans and Leases Other Real Estate Owned Total Equity Capital Loan Loss Allowance TX Ratio
09/30/2015 $65,702 $0 $932,654 $233,462 5.63
06/30/2015 $52,271 $0 $876,203 $190,354 4.9
03/31/2015 $59,961 $0 $1,052,622 $199,608 4.79
12/31/2014 $61,164 $0 $980,698 $192,639 5.21
09/30/2014 $52,635 $0 $916,984 $175,564 4.82
06/30/2014 $41,917 $0 $854,986 $158,151 4.14
03/31/2014 $46,901 $0 $784,601 $154,207 5
12/31/2013 $51,001 $0 $1,009,770 $165,961 4.34
09/30/2013 $44,412 $0 $953,800 $159,159 3.99
06/30/2013 $35,499 $0 $889,005 $150,121 3.42
03/31/2013 $44,705 $0 $839,324 $145,075 4.54
12/31/2012 $45,406 $0 $777,846 $144,393 4.92
09/30/2012 $38,186 $0 $724,969 $134,131 4.44
06/30/2012 $32,034 $0 $652,592 $141,615 4.03
03/31/2012 $38,182 $0 $591,112 $146,429 5.18
12/31/2011 $42,018 $0 $536,545 $144,186 6.17
09/30/2011 $36,910 $0 $479,789 $148,934 5.87
06/30/2011 $37,043 $0 $647,001 $159,827 4.59
03/31/2011 $47,303 $0 $579,110 $197,334 6.09
12/31/2010 $56,275 $0 $519,688 $228,423 7.52
09/30/2010 $58,174 $0 $479,845 $230,956 8.18
06/30/2010 $53,259 $0 $454,104 $214,157 7.97
03/31/2010 $63,855 $0 $405,579 $234,763 9.97
12/31/2009 $67,412 $0 $390,108 $218,957 11.07
09/30/2009 $64,194 $0 $356,187 $227,010 11.01
06/30/2009 $62,193 $0 $333,445 $218,046 11.28
03/31/2009 $66,367 $0 $325,428 $211,844 12.35

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Assets and Liabilities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total employees (full-time equivalent) 669 675 657 653 659 Chart
Total Assets 7,394,331 6,542,789 6,300,750 6,541,389 6,233,265 Chart
Cash & Balances due from depository institutions 2,653 715 437 476 783 Chart
Interest-bearing balances 2,050 50 47 47 47 Chart
Securities 326,962 337,275 358,666 371,506 381,185 Chart
Federal funds sold and reverse repurchase 522,882 0 0 0 0 Chart
Net loans and leases 6,479,154 6,145,440 5,886,443 6,114,145 5,801,151 Chart
Loan loss allowance 233,462 190,354 199,608 192,639 175,564 Chart
Trading account assets 0 0 0 0 0 Chart
Bank premises and fixed assets 4 5 5 6 7 Chart
Other real estate owned 0 0 0 0 0 Chart
Goodwill and other intangibles 0 0 0 0 0 Chart
All other assets 62,676 59,354 55,199 55,256 50,139 Chart
Total Liabilities and Capital 7,394,331 6,542,789 6,300,750 6,541,389 6,233,265 Chart
Total Liabilities 6,461,677 5,666,586 5,248,128 5,560,691 5,316,281 Chart
Total deposits 6,426,608 4,325 4,441 2,697 2,447 Chart
Interest-bearing deposits 6,423,095 0 0 0 0 Chart
Deposits held in domestic offices 6,426,608 4,325 4,441 2,697 2,447 Chart
% insured (estimated) 96% 77% 72% 100% 100% Chart
Federal funds purchased and repurchase agreements 0 5,625,845 5,176,950 5,521,373 5,282,568 Chart
Trading liabilities 0 0 0 0 0 Chart
Other borrowed funds 0 0 0 0 0 Chart
Subordinated debt 0 0 0 0 0 Chart
All other liabilities 35,069 36,416 66,737 36,621 31,266 Chart
Total equity capital 932,654 876,203 1,052,622 980,698 916,984 Chart
Bank equity capital 932,654 876,203 1,052,622 980,698 916,984 Chart
Perpetual preferred stock 0 0 0 0 0 Chart
Common stock 750 750 750 750 750 Chart
Surplus 13,530 13,530 13,530 13,530 13,530 Chart
Undivided profits 918,374 861,923 1,038,342 966,418 902,704 Chart
Equity, minor interest in consolidated subs 0 0 0 0 0 Chart
Memoranda
Noncurrent loans and leases 65,702 52,271 59,961 61,164 52,635 Chart
Noncurrent loans which are wholly or partially guaranteed by the U.S. 0 0 0 0 0 Chart
Income earned, not collected on loans 10,651 10,233 10,098 10,243 10,103 Chart
Earning assets 7,331,048 6,482,765 6,245,156 6,485,698 6,182,383 Chart
Long-term assets (5+ years) 312,330 320,457 339,409 350,597 357,594 Chart
Average total assets 6,694,815 6,461,642 6,421,070 5,991,970 5,854,616 Chart
Average assets, quarterly 6,968,560 6,421,770 6,421,070 6,387,327 6,047,264 Chart
Total risk weighted assets adjusted 6,824,591 6,130,377 6,113,459 6,378,425 6,050,220 Chart
Adjusted average assets for leverage capital purposes 7,005,225 6,235,342 6,410,174 6,358,358 6,034,722 Chart
Life insurance assets 0 0 0 0 0 Chart
General account life insurance assets 0 0 0 0 0 Chart
Separate account life insurance assets 0 0 0 0 0 Chart
Hybrid life insurance assets 0 0 0 0 0 Chart
Volatile liabilities 0 5,625,845 5,176,950 5,521,373 5,282,568 Chart
Insider loans 0 0 0 0 0 Chart
FHLB advances 0 0 0 0 0 Chart
Loans and leases held for sale 0 0 0 0 0 Chart
Unused loan commitments 20,545,713 19,977,412 19,828,246 21,673,381 21,196,529 Chart
Tier one (core) capital 878,977 774,027 1,049,582 977,701 916,652 Chart
Tier 2 Risk-based capital 87,518 0 77,939 81,124 76,862 Chart
Total unused commitments 20,545,713 19,977,412 19,828,246 21,673,381 21,196,529 Chart
Derivatives 0 0 0 0 0 Chart

Income and Expenses

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total interest income 601,460 392,430 197,574 737,600 542,699 Chart
Total interest expense 8,448 6,628 3,340 12,553 9,136 Chart
Net interest income 593,012 385,802 194,234 725,047 533,563 Chart
Provision for loan and lease losses 160,781 80,948 49,011 162,493 108,011 Chart
Total noninterest income 7,655 6,904 6,005 1,690 1,428 Chart
Gross Fiduciary activities income 0 0 0 0 0 Chart
Service charges on deposit accounts 0 0 0 0 0 Chart
Trading account gains and fees 0 0 0 0 0 Chart
Additional Noninterest Income 7,655 6,904 6,005 1,690 1,428 Chart
Total noninterest expense 126,267 82,891 41,649 159,100 115,908 Chart
Salaries and employee benefits 33,658 22,093 11,069 43,059 31,869 Chart
Premises and equipment expense 1,929 1,286 639 2,813 2,148 Chart
Additional noninterest expense 90,680 59,512 29,941 113,228 81,891 Chart
Pre-tax net operating income 313,619 228,867 109,579 405,144 311,072 Chart
Securities gains (losses) 0 0 0 0 0 Chart
Applicable income taxes 111,608 81,348 38,975 143,748 110,059 Chart
Income before extraordinary items 202,011 147,519 70,604 261,396 201,013 Chart
Extraordinary gains, net 0 0 0 0 0 Chart
Net income 202,011 147,519 70,604 261,396 201,013 Chart
Minority interest net income 0 0 0 0 0 Chart
Net income of bank and minority interests 202,011 147,519 70,604 261,396 201,013 Chart
Net charge-offs 119,958 83,233 42,042 135,815 98,408 Chart
Cash dividends 250,000 250,000 0 300,000 300,000 Chart
Sale, conversion, retirement of capital stock, net 0 0 0 0 0 Chart
Net operating income 202,011 147,519 70,604 261,396 201,013 Chart

Securities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total securities 326,962 337,275 358,666 371,506 381,185 Chart
U.S. Government securities 326,962 337,275 358,666 371,506 381,185 Chart
U.S. Treasury securities 0 0 0 0 0 Chart
U.S. Government agency obligations 326,962 337,275 358,666 371,506 381,185 Chart
Securities issued by states & political subdivisions 0 0 0 0 0 Chart
Other domestic debt securities 0 0 0 0 0 Chart
Privately issued residential mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage-backed securities - Total 0 0 0 0 0 Chart
Asset backed securities 0 0 0 0 0 Chart
Structured financial products - Total 0 0 0 0 0 Chart
Other domestic debt securities - All other 0 0 0 0 0 Chart
Foreign debt securities 0 0 0 0 0 Chart
Equity securities 0 0 0 0 0 Chart
Assets held in trading accounts for TFR Reporters 0 0 0 0 0 Chart
General valuation allowances for securities for TFR Reporters 0 0 0 0 0 Chart
Memoranda
Pledged securities 226,845 270,552 278,954 321,864 279,135 Chart
Mortgage-backed securities 326,962 337,275 358,666 371,506 381,185 Chart
Certificates of participation in pools of residential mortgages 312,067 320,099 339,048 349,464 356,450 Chart
Issued or guaranteed by U.S. 312,067 320,099 339,048 349,464 356,450 Chart
Privately issued 0 0 0 0 0 Chart
Collaterized mortgage obligations 14,895 17,176 19,618 22,042 24,735 Chart
CMOs issued by government agencies or sponsored agencies 14,895 17,176 19,618 22,042 24,735 Chart
Privately issued 0 0 0 0 0 Chart
Commercial mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage pass-through securities 0 0 0 0 0 Chart
Other commercial mortgage-backed securities 0 0 0 0 0 Chart
Held to maturity securities (book value) 0 0 0 0 0 Chart
Available-for-sale securities (fair market value) 326,962 337,275 358,666 371,506 381,185 Chart
Total debt securities 326,962 337,275 358,666 371,506 381,185 Chart
Structured Notes
Amortized cost 0 0 0 0 0 Chart
Fair value 0 0 0 0 0 Chart
Trading account assets 0 0 0 0 0 Chart
Revaluation gains on off-balance sheet contracts 0 0 0 0 0 Chart
Revaluation losses on off-balance sheet contracts 0 0 0 0 0 Chart

Performance and Condition Ratios

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
% of unprofitable institutions N/A N/A N/A N/A N/A Chart
% of insitutions with earnings gains N/A N/A N/A N/A N/A Chart
Performance Ratios (%, annualized)
Yield on earning assets 12.08% 12.25% 12.42% 12.41% 12.46% Chart
Cost of funding earning assets 0.17% 0.21% 0.21% 0.21% 0.21% Chart
Net interest margin 11.91% 12.05% 12.21% 12.20% 12.25% Chart
Noninterest income to average assets 0.15% 0.21% 0.37% 0.03% 0.03% Chart
Noninterest expense to average assets 2.51% 2.57% 2.59% 2.66% 2.64% Chart
Loan and lease loss provision to assets 3.20% 2.51% 3.05% 2.71% 2.46% Chart
Net operating income to assets 4.02% 4.57% 4.40% 4.36% 4.58% Chart
Return on assets (ROA) 4.02% 4.57% 4.40% 4.36% 4.58% Chart
Pretax return on assets 6.25% 7.08% 6.83% 6.76% 7.08% Chart
Return on Equity (ROE) 28.04% 30.42% 27.78% 28.74% 30.06% Chart
Retained earnings to average equity (YTD only) -6.66% -21.13% 27.78% -4.24% -14.80% Chart
Net charge-offs to loans 2.51% 2.67% 2.71% 2.38% 2.36% Chart
Credit loss provision to net charge-offs 134.03% 97.25% 116.58% 119.64% 109.76% Chart
Earnings coverage of net charge-offs (x) 3.95% 3.72% 3.77% 4.18% 4.26% Chart
Efficiency ratio 21.02% 21.11% 20.80% 21.89% 21.67% Chart
Assets per employee ($millions) 11.05% 9.69% 9.59% 10.02% 9.46% Chart
Cash dividends to net income (YTD only) 123.76% 169.47% 0.00% 114.77% 149.24% Chart
Condition Ratios (%)
Loss allowance to loans 3.48% 3.00% 3.28% 3.05% 2.94% Chart
Loan loss allowance to noncurrent loans 355.33% 364.17% 332.90% 314.95% 333.55% Chart
Noncurrent assets plus other real estate owned to assets 0.89% 0.80% 0.95% 0.94% 0.84% Chart
Noncurrent loans to loans 0.98% 0.83% 0.99% 0.97% 0.88% Chart
Net loans and leases to total assets 87.62% 93.93% 93.42% 93.47% 93.07% Chart
Net loans and leases to deposits 100.82% 142091.10% 132547.69% 226701.70% 237071.97% Chart
Net loans and leases to core deposits 105.37% 142091.10% 132547.69% 226701.70% 237071.97% Chart
Total domestic deposits to total assets 86.91% 0.07% 0.07% 0.04% 0.04% Chart
Equity capital to assets 12.61% 13.39% 16.71% 14.99% 14.71% Chart
Core capital (leverage) ratio 12.55% 12.41% 16.37% 15.38% 15.19% Chart
Tier 1 risk-based capital ratio 12.88% 12.15% 17.17% 15.33% 15.15% Chart
Total risk-based capital ratio 14.16% 12.63% 18.44% 16.60% 16.42% Chart
Memoranda
Average total assets 6,694,815 6,461,642 6,421,070 5,991,970 5,854,616 Chart
Average earning assets 6,636,167 6,404,540 6,365,427 5,941,214 5,805,092 Chart
Average equity 960,544 969,841 1,016,660 909,408 891,585 Chart
Average loans 6,360,311 6,242,876 6,196,418 5,714,284 5,566,160 Chart