Bank of Colorado - Western Slope - Glenwood Springs in Glenwood Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 01, 1993

Bank of Colorado - Western Slope - Glenwood Springs in Glenwood Springs, Colorado (CO)
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Bank of Colorado - Western Slope - Glenwood Springs - Overview

General
FDIC Certificate #: 18735
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of Colorado - Western Slope (#22061)
Federal Reserve ID: 311555
Date Established: April 01, 1963
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 12602
Numeric code: 13
Regulator: FED
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: April 01, 1963
Last Structure Change Effective Date: August 01, 1993
Last Structure Change Process Date: August 16, 1993
Last Data Update: August 16, 1993
Data Source Date: April 05, 2012
Location
Address: 901 Grand Avenue, Glenwood Springs, CO 81601
County: Garfield
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: $43.9 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$27Total assets
$50,366Cash and due from depository institutions
$3,210Interest-bearing balances
$1,000Securities
$19,589Federal funds sold & reverse repurchase agreements
$6,074Net loans & leases
$18,893Loan loss allowance
$681Trading account assets
$0Bank premises and fixed assets
$1,798Other real estate owned
$22Goodwill and other intangibles
$780Life insurance assets
$0All other assets
$0Total liabilities and capital
$50,366Total liabilities
$46,843Total deposits
$46,437Interest-bearing deposits
$39,192Deposits held in domestic offices
46437.00%% insured (estimated)
$75Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$406Total equity capital
$406Total bank equity capital
$3,523Perpetual preferred stock
$0Common stock
$1,000Surplus
$2,071Undivided profits
Memoranda
$452Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$248Income earned, not collected on loans
$130Earning assets
$45,556Long-term assets (5+ years)
$3,648Average Assets, year-to-date
$52,343Average Assets, quarterly
$51,784Volatile liabilities
$2,950Insider loans
$0FHLB advances
$0Loans and leases held for sale
$117Unused loan commitments
$2,597Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,523Total risk weighted assets
$21,863Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$3,657Total interest expense
$1,538Net interest income
$2,119Provision for loan and lease losses
$50Total noninterest income
$524Fiduciary activities
$0Service charges on deposit accounts
$375Trading account gains & fees
$0Additional noninterest income
$149Total noninterest expense
$2,052Salaries and employee benefits
$830Premises and equipment expense
$238Additional noninterest expense
$984Pre-tax net operating income
$541Securities gains (losses)
$1Applicable income taxes
$164Income before extraordinary items
$378Extraordinary gains - net
$0Net income attributable to bank
$378Net charge-offs
$126Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.92%Cost of funding earning assets
3.33%Net interest margin
4.59%Noninterest income to earning assets
1.13%Noninterest expense to earning assets
4.44%Net operating income to assets
0.72%Return on assets (ROA)
0.72%Pretax return on assets
1.04%Return on equity (ROE)
11.33%Retained earnings to average equity (YTD only)
11.33%Net charge-offs to loans
0.55%Credit loss provision to net charge-offs
39.68%Efficiency ratio
77,639Assets per employee
1.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.48%Loss allowance to noncurrent loans
274.60%Noncurrent assets plus other real estate owned to assets
0.54%Noncurrent loans to loans
1.27%Net loans and leases to deposits
40.69%Net loans and leases to core deposits
43.45%Equity capital to assets
6.99%Core capital (leverage) ratio
6.91%Tier 1 risk-based capital ratio
16.11%Total risk-based capital ratio
Memoranda
$17Average assets
$52,343Average earning assets
$3,337Average equity
$46,189Average loans

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