Baca State Bank in Springfield, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 17, 1996

Baca State Bank in Springfield, Colorado (CO)
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Baca State Bank - Overview

General
FDIC Certificate #: 22616
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Colorado East Bank & Trust (#3027)
Federal Reserve ID: 594255
Date Established: March 01, 1978
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 15777
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: March 01, 1978
Last Structure Change Effective Date: May 17, 1996
Last Structure Change Process Date: June 13, 1996
Last Data Update: June 13, 1996
Data Source Date: April 05, 2012
Location
Address: 1030 Main Street, Springfield, CO 81073
County: Baca
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: $43.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$10Total assets
$43,778Cash and due from depository institutions
$1,973Interest-bearing balances
$0Securities
$22,610Federal funds sold & reverse repurchase agreements
$1,400Net loans & leases
$16,609Loan loss allowance
$553Trading account assets
$0Bank premises and fixed assets
$153Other real estate owned
$0Goodwill and other intangibles
$1,033Life insurance assets
$0All other assets
$0Total liabilities and capital
$43,778Total liabilities
$38,062Total deposits
$37,632Interest-bearing deposits
$34,746Deposits held in domestic offices
37632.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$430Total equity capital
$430Total bank equity capital
$5,716Perpetual preferred stock
$0Common stock
$400Surplus
$800Undivided profits
Memoranda
$4,516Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$13Income earned, not collected on loans
$591Earning assets
$40,619Long-term assets (5+ years)
$3,380Average Assets, year-to-date
$43,690Average Assets, quarterly
$43,563Volatile liabilities
$3,982Insider loans
$1,020FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,302Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,709Total risk weighted assets
$20,862Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,152Total interest expense
$1,386Net interest income
$1,766Provision for loan and lease losses
$112Total noninterest income
$131Fiduciary activities
$0Service charges on deposit accounts
$99Trading account gains & fees
$0Additional noninterest income
$32Total noninterest expense
$594Salaries and employee benefits
$358Premises and equipment expense
$73Additional noninterest expense
$163Pre-tax net operating income
$1,191Securities gains (losses)
-$8Applicable income taxes
$310Income before extraordinary items
$873Extraordinary gains - net
$0Net income attributable to bank
$873Net charge-offs
-$63Cash dividends
$300Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.76%Cost of funding earning assets
3.41%Net interest margin
4.35%Noninterest income to earning assets
0.32%Noninterest expense to earning assets
1.46%Net operating income to assets
2.01%Return on assets (ROA)
2.00%Pretax return on assets
2.71%Return on equity (ROE)
16.55%Retained earnings to average equity (YTD only)
10.86%Net charge-offs to loans
-0.37%Credit loss provision to net charge-offs
-177.78%Efficiency ratio
31,313Assets per employee
4.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
34.36%Loss allowance to loans
3.22%Loss allowance to noncurrent loans
4253.85%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.08%Net loans and leases to deposits
44.14%Net loans and leases to core deposits
49.36%Equity capital to assets
13.06%Core capital (leverage) ratio
12.98%Tier 1 risk-based capital ratio
27.37%Total risk-based capital ratio
Memoranda
$29Average assets
$43,690Average earning assets
$5,276Average equity
$40,618Average loans

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