FDIC Certificate #: 24500 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wells Fargo Bank, National Association (#3511) Federal Reserve ID: 559254 Date Established: June 01, 1983 WWW:http://www.bogj.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 15561 FDIC's unique #: 17027 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 01, 1983 Last Structure Change Effective Date: December 06, 2003 Last Structure Change Process Date: December 22, 2003 Last Data Update: December 22, 2003 Data Source Date: April 05, 2012
Location
Address: 2415 F Road, Grand Junction, CO 81505 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: $66.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2002)
Dollar figures in thousands
37Total employees (full-time equivalent)
$72,487Total assets
$4,811Cash and due from depository institutions
$207Interest-bearing balances
$28,789Securities
$0Federal funds sold & reverse repurchase agreements
$34,880Net loans & leases
$283Loan loss allowance
$0Trading account assets
$2,982Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,025All other assets
$72,487Total liabilities and capital
$66,739Total liabilities
$63,181Total deposits
$43,240Interest-bearing deposits
$63,181Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,100Other borrowed funds
$0Subordinated debt
$458All other liabilities
$5,748Total equity capital
$5,748Total bank equity capital
$5,748Perpetual preferred stock
$0Common stock
$605Surplus
$1,750Undivided profits
Memoranda
$3,393Noncurrent loans and leases
$9,389Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$21Earning assets
$0Long-term assets (5+ years)
$368Average Assets, year-to-date
$63,876Average Assets, quarterly
$2,921Volatile liabilities
$66,841Insider loans
$71,447FHLB advances
$6,436Loans and leases held for sale
$676Unused loan commitments
$3,100Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,389Total unused commitments
$237Restructured Loans and leases
$283Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$3,791Total interest income
$1,037Total interest expense
$2,754Net interest income
-$125Provision for loan and lease losses
$570Total noninterest income
$0Fiduciary activities
$375Service charges on deposit accounts
$0Trading account gains & fees
$195Additional noninterest income
$2,358Total noninterest expense
$1,386Salaries and employee benefits
$273Premises and equipment expense
$699Additional noninterest expense
$1,091Pre-tax net operating income
$1Securities gains (losses)
$284Applicable income taxes
$808Income before extraordinary items
$0Extraordinary gains - net
$808Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$42Sale, conversion, retirement of capital stock, net
$120Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.45%Yield on earning assets
1.77%Cost of funding earning assets
4.69%Net interest margin
0.97%Noninterest income to earning assets
4.01%Noninterest expense to earning assets
1.21%Net operating income to assets
1.21%Return on assets (ROA)
1.63%Pretax return on assets
15.35%Return on equity (ROE)
13.07%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
-297.62%Credit loss provision to net charge-offs
23.00%Efficiency ratio
70,878Assets per employee
1.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
14.85%Loss allowance to loans
0.80%Loss allowance to noncurrent loans
1347.62%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.06%Net loans and leases to deposits
55.21%Net loans and leases to core deposits
58.45%Equity capital to assets
7.93%Core capital (leverage) ratio
7.78%Tier 1 risk-based capital ratio
13.28%Total risk-based capital ratio
Memoranda
$14Average assets
$66,841Average earning assets
$5,263Average equity
$58,736Average loans
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