Alpine Bank, Grand Junction in Clifton, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 06, 1995

Alpine Bank, Grand Junction in Clifton, Colorado (CO)
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Alpine Bank, Grand Junction - Overview

General
FDIC Certificate #: 33210
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Alpine Bank (#23091)
Federal Reserve ID: 1717631
Date Established: November 27, 1990
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 10430
FDIC's unique #: 46451
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: November 27, 1990
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: 570 - 32nd Road, Clifton, CO 81520
County: Mesa
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
Metropolitan Statistical Area (MSA): Grand Junction, CO (#2995)
Core Based Statistical Area (CBSA): Grand Junction, CO (#24300)
CBSA Metro Statistical Area: Grand Junction, CO (#24300)
Financial Summary
Total assets: $30.7 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
$25,695Cash and due from depository institutions
$1,756Interest-bearing balances
$8Securities
$5,069Federal funds sold & reverse repurchase agreements
$3,104Net loans & leases
$14,097Loan loss allowance
$169Trading account assets
$0Bank premises and fixed assets
$1,097Other real estate owned
$0Goodwill and other intangibles
$572Life insurance assets
$0All other assets
$0Total liabilities and capital
$25,695Total liabilities
$24,288Total deposits
$24,008Interest-bearing deposits
$15,824Deposits held in domestic offices
24008.00%% insured (estimated)
$82Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$201Subordinated debt
$0All other liabilities
$79Total equity capital
$79Total bank equity capital
$1,407Perpetual preferred stock
$0Common stock
$500Surplus
$600Undivided profits
Memoranda
$307Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1Income earned, not collected on loans
$81Earning assets
$22,278Long-term assets (5+ years)
$1,469Average Assets, year-to-date
$20,817Average Assets, quarterly
$24,596Volatile liabilities
$905Insider loans
$163FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,391Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,440Total risk weighted assets
$15,612Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,454Total interest expense
$386Net interest income
$1,068Provision for loan and lease losses
$48Total noninterest income
$411Fiduciary activities
$0Service charges on deposit accounts
$292Trading account gains & fees
$0Additional noninterest income
$119Total noninterest expense
$1,392Salaries and employee benefits
$519Premises and equipment expense
$184Additional noninterest expense
$689Pre-tax net operating income
$39Securities gains (losses)
$0Applicable income taxes
-$10Income before extraordinary items
$49Extraordinary gains - net
$0Net income attributable to bank
$49Net charge-offs
$4Cash dividends
$0Sale, 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
8.26%Cost of funding earning assets
2.19%Net interest margin
6.07%Noninterest income to earning assets
2.34%Noninterest expense to earning assets
7.91%Net operating income to assets
0.24%Return on assets (ROA)
0.24%Pretax return on assets
0.19%Return on equity (ROE)
3.62%Retained earnings to average equity (YTD only)
3.62%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
1200.00%Efficiency ratio
94,118Assets per employee
1.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
16900.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.01%Net loans and leases to deposits
58.72%Net loans and leases to core deposits
60.49%Equity capital to assets
5.48%Core capital (leverage) ratio
5.90%Tier 1 risk-based capital ratio
9.22%Total risk-based capital ratio
Memoranda
$10Average assets
$20,817Average earning assets
$1,352Average equity
$17,599Average loans

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