Alpine Bank, Aspen in Aspen, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 06, 1995

Alpine Bank, Aspen in Aspen, Colorado (CO)
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Alpine Bank, Aspen - Overview

General
FDIC Certificate #: 27532
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Alpine Bank (#23091)
Federal Reserve ID: 1392672
Date Established: June 16, 1989
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 10131
FDIC's unique #: 40265
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: June 16, 1989
Last Structure Change Effective Date: November 06, 1995
Last Structure Change Process Date: December 11, 1995
Last Data Update: December 11, 1995
Data Source Date: April 05, 2012
Location
Address: 600 East Hopkins Avenue, Aspen, CO 81611
County: Pitkin
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Denver
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $69.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$31Total assets
$65,656Cash and due from depository institutions
$3,869Interest-bearing balances
$5Securities
$4,474Federal funds sold & reverse repurchase agreements
$2,678Net loans & leases
$48,472Loan loss allowance
$555Trading account assets
$0Bank premises and fixed assets
$4,432Other real estate owned
$0Goodwill and other intangibles
$1,731Life insurance assets
$0All other assets
$0Total liabilities and capital
$65,656Total liabilities
$61,131Total deposits
$60,583Interest-bearing deposits
$41,645Deposits held in domestic offices
60583.00%% insured (estimated)
$71Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$361Subordinated debt
$0All other liabilities
$187Total equity capital
$187Total bank equity capital
$4,525Perpetual preferred stock
$0Common stock
$300Surplus
$1,755Undivided profits
Memoranda
$2,470Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$282Earning assets
$55,629Long-term assets (5+ years)
$2,565Average Assets, year-to-date
$61,722Average Assets, quarterly
$64,100Volatile liabilities
$2,852Insider loans
$115FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$9,410Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,550Total risk weighted assets
$47,434Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,664Total interest expense
$1,152Net interest income
$3,512Provision for loan and lease losses
$46Total noninterest income
$622Fiduciary activities
$0Service charges on deposit accounts
$418Trading account gains & fees
$0Additional noninterest income
$204Total noninterest expense
$2,498Salaries and employee benefits
$1,175Premises and equipment expense
$114Additional noninterest expense
$1,209Pre-tax net operating income
$1,590Securities gains (losses)
$0Applicable income taxes
$656Income before extraordinary items
$934Extraordinary gains - net
$0Net income attributable to bank
$934Net charge-offs
$35Cash dividends
$170Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.80%Cost of funding earning assets
2.17%Net interest margin
6.62%Noninterest income to earning assets
1.17%Noninterest expense to earning assets
4.71%Net operating income to assets
1.51%Return on assets (ROA)
1.51%Pretax return on assets
2.58%Return on equity (ROE)
22.12%Retained earnings to average equity (YTD only)
18.10%Net charge-offs to loans
0.08%Credit loss provision to net charge-offs
131.43%Efficiency ratio
60,426Assets per employee
2.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.20%Loss allowance to loans
1.13%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
80.01%Net loans and leases to core deposits
83.44%Equity capital to assets
6.89%Core capital (leverage) ratio
7.19%Tier 1 risk-based capital ratio
9.59%Total risk-based capital ratio
Memoranda
$11Average assets
$61,722Average earning assets
$4,222Average equity
$53,021Average loans

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