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Wells Fargo Bank Minnesota, National Association

Minneapolis, MN · Cert 5208

FDIC

Q4 2003

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2003, the quarter ended December 31, 2003, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Wells Fargo Bank Minnesota, National Association

Minneapolis, MN · Cert 5208

FDIC

Q4 2003

$48.8BAssets
$42.2BLoans
$29.9BDeposits
$3.8BEquity
Loan mix
80%RE $22.4B20%C&I $5.5B0%Consumer $0.1BQ4 2002Q4 2003
Deposit mix
43%Interest-bearing $12.8B57%Noninterest $17.1BQ4 2002Q4 2003

NIM

5.82%Q4 ’015.00%Q4 ’024.57%Q4 ’03+12%+2%

Non-interest income vs. expense

2.82%Q4 ’012.64%Q4 ’022.92%Q4 ’03+13%-10%

Executive Summary

  • Earnings: ROA of 1.83%, up 5 bps year over year; NIM at 3.95%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 141.09% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

1.83%+5 bps YoY

Net Interest Margin (YTD, annualized)

3.95%+8 bps YoY

Efficiency Ratio (YTD, annualized)

49.35%+79 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets1.78%1.91%1.74%1.91%1.83%+5 bps
Return on Equity26.25%25.40%24.38%26.73%25.09%-116 bps
Net Interest Margin3.87%3.74%3.58%3.39%3.95%+8 bps
Efficiency Ratio48.56%47.76%48.49%48.64%49.35%+79 bps
Non-Interest Burden1.08%0.99%1.03%0.77%0.97%-11 bps
Growth
Asset Growth (YoY)0.53%-5.95%0.80%-1.12%-7.74%-828 bps
Loan Growth (YoY)13.11%16.50%10.22%-1.11%7.88%-523 bps
Deposit Growth (YoY)24.91%40.86%57.92%17.16%-9.05%-3,396 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.23%0.10%0.13%0.12%0.10%-13 bps
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital13.50%12.29%11.49%12.91%14.22%+72 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits118.95%122.52%104.05%115.11%141.09%+2,214 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a