1st Choice Bank in Greeley, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 23, 2000

  • 1st Choice Bank in Greeley, Colorado (CO)
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1st Choice Bank - Overview

  • General
  • FDIC Certificate #: 33619
    Status: Inactive
    Closing history: Consolidated - Without Assistance
    Acquiring institution: Wells Fargo Bank West, National Association (#3011)
    Federal Reserve ID: 1973008
    Date Established: July 01, 1992
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 11644
    FDIC's unique #: 47673
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1992
    Last Structure Change Effective Date: September 23, 2000
    Last Structure Change Process Date: October 18, 2000
    Last Data Update: October 18, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 2164 35th Avenue, Greeley, CO 80634
    County: Weld
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Greeley, CO (#3060)
    Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
    Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
    Core Based Statistical Area (CBSA): Greeley, CO (#24540)
    CBSA Metro Statistical Area: Greeley, CO (#24540)
  • Financial Summary
  • Total assets: $483.0 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 132Total employees (full-time equivalent)
  • $420,343Total assets
  • $15,101Cash and due from depository institutions
  • $5Interest-bearing balances
  • $79,797Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $299,718Net loans & leases
  • $3,067Loan loss allowance
  • $0Trading account assets
  • $17,024Bank premises and fixed assets
  • $84Other real estate owned
  • $2,055Goodwill and other intangibles
  • $0Life insurance assets
  • $6,564All other assets
  • $420,343Total liabilities and capital
  • $390,323Total liabilities
  • $297,486Total deposits
  • $259,516Interest-bearing deposits
  • $297,486Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $37,094Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $53,521Other borrowed funds
  • $0Subordinated debt
  • $2,222All other liabilities
  • $30,020Total equity capital
  • $30,020Total bank equity capital
  • $30,020Perpetual preferred stock
  • $0Common stock
  • $2,595Surplus
  • $18,054Undivided profits
  • Memoranda
  • $9,371Noncurrent loans and leases
  • $80,161Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $777Earning assets
  • $0Long-term assets (5+ years)
  • $2,731Average Assets, year-to-date
  • $379,520Average Assets, quarterly
  • $66,252Volatile liabilities
  • $373,993Insider loans
  • $413,694FHLB advances
  • $120,223Loans and leases held for sale
  • $9,868Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $696Total risk weighted assets
  • $80,161Total unused commitments
  • $315Restructured Loans and leases
  • $3,067Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $30,527Total interest income
  • $15,067Total interest expense
  • $15,460Net interest income
  • $1,020Provision for loan and lease losses
  • $2,029Total noninterest income
  • $79Fiduciary activities
  • $965Service charges on deposit accounts
  • $0Trading account gains & fees
  • $985Additional noninterest income
  • $11,437Total noninterest expense
  • $5,776Salaries and employee benefits
  • $1,571Premises and equipment expense
  • $4,090Additional noninterest expense
  • $5,032Pre-tax net operating income
  • $17Securities gains (losses)
  • $1,589Applicable income taxes
  • $3,460Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,460Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $162Sale, conversion, retirement of capital stock, net
  • $275Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.08%Yield on earning assets
  • 4.48%Cost of funding earning assets
  • 4.60%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 0.92%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 1.35%Pretax return on assets
  • 12.75%Return on equity (ROE)
  • 11.73%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 629.63%Credit loss provision to net charge-offs
  • 37.36%Efficiency ratio
  • 64,864Assets per employee
  • 3.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7.95%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 394.72%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 100.75%Net loans and leases to core deposits
  • 124.95%Equity capital to assets
  • 7.14%Core capital (leverage) ratio
  • 7.35%Tier 1 risk-based capital ratio
  • 8.90%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $373,993Average earning assets
  • $27,146Average equity
  • $336,383Average loans

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