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

This bank is inactive as of November 06, 1995

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

General
FDIC Certificate #: 22306
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Alpine Bank (#23091)
Federal Reserve ID: 947253
Date Established: July 19, 1976
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 10413
FDIC's unique #: 15515
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: July 19, 1976
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: 145 Midland Avenue, Basalt, CO 81621
County: Eagle
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
Core Based Statistical Area (CBSA): Edwards, CO (#20780)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $41.9 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)
$17Total assets
$39,986Cash and due from depository institutions
$2,249Interest-bearing balances
$3Securities
$9,850Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$24,950Loan loss allowance
$293Trading account assets
$0Bank premises and fixed assets
$818Other real estate owned
$0Goodwill and other intangibles
$2,119Life insurance assets
$0All other assets
$0Total liabilities and capital
$39,986Total liabilities
$37,246Total deposits
$35,041Interest-bearing deposits
$26,949Deposits held in domestic offices
35041.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$1,473Trading liabilities
$0Other borrowed funds
$483Subordinated debt
$0All other liabilities
$249Total equity capital
$249Total bank equity capital
$2,740Perpetual preferred stock
$0Common stock
$800Surplus
$305Undivided profits
Memoranda
$1,635Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$11Income earned, not collected on loans
$124Earning assets
$34,803Long-term assets (5+ years)
$2,702Average Assets, year-to-date
$38,365Average Assets, quarterly
$40,259Volatile liabilities
$3,385Insider loans
$640FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,343Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,856Total risk weighted assets
$25,519Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,860Total interest expense
$755Net interest income
$2,105Provision for loan and lease losses
$7Total noninterest income
$660Fiduciary activities
$0Service charges on deposit accounts
$434Trading account gains & fees
$0Additional noninterest income
$226Total noninterest expense
$1,765Salaries and employee benefits
$648Premises and equipment expense
$188Additional noninterest expense
$929Pre-tax net operating income
$993Securities gains (losses)
$0Applicable income taxes
$318Income before extraordinary items
$675Extraordinary gains - net
$0Net income attributable to bank
$675Net charge-offs
$7Cash dividends
$89Sale, 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
8.39%Cost of funding earning assets
2.21%Net interest margin
6.17%Noninterest income to earning assets
1.94%Noninterest expense to earning assets
5.18%Net operating income to assets
1.76%Return on assets (ROA)
1.76%Pretax return on assets
2.59%Return on equity (ROE)
26.72%Retained earnings to average equity (YTD only)
23.20%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
100.00%Efficiency ratio
63,834Assets per employee
2.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
13.19%Loss allowance to loans
1.16%Loss allowance to noncurrent loans
2663.64%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.04%Net loans and leases to deposits
71.20%Net loans and leases to core deposits
74.23%Equity capital to assets
6.85%Core capital (leverage) ratio
7.04%Tier 1 risk-based capital ratio
11.19%Total risk-based capital ratio
Memoranda
$12Average assets
$38,365Average earning assets
$2,526Average equity
$34,096Average loans

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