Wells Fargo National Bank West Reports – 1225761

Wells Fargo National Bank West Financial Reports

Quarter Ended: 2024-09-30

Data Updated on: 11/22/2024

Wells Fargo National Bank West is a Commercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC) located in Las Vegas, NV. Established on 12/01/1988, the bank is regulated by the OCC and has 1 domestic offices. It operates in the Las Vegas-Henderson-Paradise, NV.

The bank has 0 employees and holds $10,343,572k in total assets. With a focus on community banking, the bank has been serving its customers since 12/01/1988.

Learn more about Wells Fargo National Bank West on Visbanking Report Portal. See pricing on Visbanking Pricing Page or request a demo on Request Demo Page. Follow us on Linkedin for more information about the US Banking System Visbanking Linkedin Page for the latest updates.

Talk with the Founder

Wells Fargo National Bank West Institution Profile

Established Date12/01/1988Institution ClassCommercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC)
Primary RegulatorOCCNumber of Domestic Offices1
Number of Foreign Offices0Number of US Offices0
Number of Employees0Directly owned by another bank (CERT)No
Community BankNoZIP89102
Ownership TypeNot MutualCityLas Vegas
State Alpha codeNVState and County Number32003
Subchapter S CorporationsNoTrust PowersTrust Powers Not Known
Federal Reserve ID Number12Federal Reserve ID Number DescriptionSAN FRANCISCO
Office of The Comptroller District:WESTERN DISTRICTOffice of Thrift Supervision RegionWest
Last Structure Change Effective Date08/31/2022Date of Deposit Insurance12/01/1988
Primary Insurance AgencyDIF

Institution Profile Overview

Delve into the foundational details of Wells Fargo National Bank West with our “Institution Profile” table. The 12/01/1988 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC), the bank operates under the oversight of OCC, ensuring compliance and regulatory adherence.

1 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Las Vegas, NV, and 89102 provide geographic context. Explore these attributes to gain a holistic view of Wells Fargo National Bank West in the financial landscape.

Wells Fargo National Bank West Financials

(USD, in thousands)

Total Assets$10,343,572Total Liabilities$8,916,820
Total Equity Capital$1,426,752Total Deposits$8,711,786
Net Loans and Leases$5,779,481Total Interest Income$106,279
Total Noninterest Income$-1,477Total Interest Expense$68,227
Total Noninterest Expense$11,996Tier 1 Risk-Based Capital Ratio1,479,880.00%
Net Loans and Leases to Core DepositsN/AReturn on Assets0.66%
Return on Equity5.11%Efficiency Ratio32.80%

Financial Performance Overview

Gain a comprehensive perspective on Wells Fargo National Bank West’s financial landscape through our “Financials” table. The bank boasts total assets of $10,343,572k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $8,916,820k and total equity capital at $1,426,752k.

Delve into key operational metrics, including total deposits of $8,711,786k, net loans and leases at $5,779k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 1479880, and Return on Assets at 0.66. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Wells Fargo National Bank West’s performance and competitive positioning within the financial industry.

Wells Fargo National Bank West Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x)N/ANet Loans and Leases to Core DepositsN/A
Tier 1 Risk-Based Capital Ratio1,479,880.00%Securities Gains (Losses)$0
Goodwill and Other IntangiblesN/ACost of Funding Earning Assets0.00%
Yield on Earning Assets3.83%Total Interest Income$106,279
Applicable Income Taxes$6,254Loss Allowance to Loans and Leases0.34%
Net Loans and Leases$5,779,481Loss Allowance to Noncurrent Loans and Leases42.92%
Noncurrent Loans to Loans0.79%Net Income Attributable to Bank and Noncontrolling Interests$18,502
Net Interest Income$38,052Net Interest Margin1.37%
Net Operating Income to Assets0.66%Noninterest Income to Average Assets-0.05%
Total Noninterest Income-$1,477Noninterest Expense to Average Assets0.43%
Total Noninterest Expense$11,996Net Charge-Offs to Loans and Leases-0.03%
All Other AssetsN/AOther Real Estate Owned$0
Other borrowed funds$0Pre-tax Net Operating Income$24,756
Pretax Return on Assets0.89%Return on Assets0.66%
Retained Earnings to Average Equity (YTD only)N/A

Insights into Financial Metrics

Enhance your understanding of Wells Fargo National Bank West‘s financial standing through our Additional Financial Information table. Explore key metrics such as Net Loans and Leases: $5,779,481k and Net Interest Income $38,052k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 1479880 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: -0.03 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $-1,477k and evaluate operational efficiency using metrics like Efficiency Ratio: 32.8. This nuanced financial overview empowers a comprehensive analysis of Wells Fargo National Bank West‘s strategic financial position and performance in the industry.

Frequently Asked Questions (FAQs)

What is the asset size of Wells Fargo National Bank West?

The asset size of Wells Fargo National Bank West is approximately $10,343,572k, reflecting the bank’s scale and market presence.

How does the loan-to-deposit ratio of Wells Fargo National Bank West compare to industry benchmarks?

The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For Wells Fargo National Bank West, this ratio stands at
66.34%
(please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.

What is the capital adequacy ratio for Wells Fargo National Bank West?

The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 1479880.

What is the net interest margin of Wells Fargo National Bank West, and how has it trended over the past year?

The current net interest margin is 1.37. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.

What is the percentage of non-performing loans on Wells Fargo National Bank West’s balance sheet?

The percentage of non-performing loans is an important metric indicating asset quality. For Wells Fargo National Bank West, this stands at 0.788.

Are there any recent regulatory changes that could impact Wells Fargo National Bank West’s operations?

Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting Wells Fargo National Bank West. For tailored insights, please consult our expert or access our detailed reports.

What is the history of Wells Fargo National Bank West?

Wells Fargo National Bank West was established on 12/01/1988. It has been serving the community for several decades, continuously adapting to the changing financial landscape. For a detailed history, please refer to the bank’s about page.

Is Wells Fargo National Bank West FDIC insured?

Yes, Wells Fargo National Bank West is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank’s commitment to maintaining customer trust and financial security.

What is the routing number for Wells Fargo National Bank West in OK?

The routing number for Wells Fargo National Bank West in Oklahoma is not available. It’s recommended to verify with the bank directly for transactions.

How big is Wells Fargo National Bank West?

Wells Fargo National Bank West is a significant player in the financial sector with total assets valued at $10,343,572k and a network of 1 domestic offices.

Is Wells Fargo National Bank West a local bank?

Wells Fargo National Bank West is often considered a local bank due to its strong community focus and local market presence, despite having a broader operational reach. This combination allows it to serve local communities effectively while benefiting from larger-scale operations.

This table provides key financial information about Wells Fargo National Bank West. Get more data about Wells Fargo National Bank West on Visbanking Report Portal.