Bank of Southern Colorado in Pueblo West, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 15, 1995

Bank of Southern Colorado in Pueblo West, Colorado (CO)
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Bank of Southern Colorado - Overview

General
FDIC Certificate #: 23646
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Minnequa Bank of Pueblo (#1773)
Federal Reserve ID: 468057
Date Established: January 18, 1982
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 16551
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: January 18, 1982
Last Structure Change Effective Date: April 15, 1995
Last Structure Change Process Date: June 29, 1995
Last Data Update: June 29, 1995
Data Source Date: April 05, 2012
Location
Address: 154 Mcculloch Boulevard, Pueblo West, CO 81007
County: Pueblo
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): Pueblo, CO (#6560)
Core Based Statistical Area (CBSA): Pueblo, CO (#39380)
CBSA Metro Statistical Area: Pueblo, CO (#39380)
Financial Summary
Total assets: $8.1 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)
$7Total assets
$9,024Cash and due from depository institutions
$723Interest-bearing balances
$0Securities
$3,493Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$3,661Loan loss allowance
$49Trading account assets
$0Bank premises and fixed assets
$435Other real estate owned
$0Goodwill and other intangibles
$119Life insurance assets
$593All other assets
$0Total liabilities and capital
$9,024Total liabilities
$7,570Total deposits
$7,162Interest-bearing deposits
$5,294Deposits held in domestic offices
7162.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$300Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$108Total equity capital
$108Total bank equity capital
$1,454Perpetual preferred stock
$0Common stock
$351Surplus
$1,204Undivided profits
Memoranda
$-101Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$25Earning assets
$7,154Long-term assets (5+ years)
$361Average Assets, year-to-date
$8,570Average Assets, quarterly
$9,074Volatile liabilities
$500Insider loans
$29FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$269Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$861Total risk weighted assets
$3,784Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$481Total interest expense
$130Net interest income
$351Provision for loan and lease losses
$10Total noninterest income
$113Fiduciary activities
$0Service charges on deposit accounts
$67Trading account gains & fees
$0Additional noninterest income
$46Total noninterest expense
$602Salaries and employee benefits
$246Premises and equipment expense
$69Additional noninterest expense
$287Pre-tax net operating income
-$148Securities gains (losses)
$0Applicable income taxes
-$58Income before extraordinary items
-$90Extraordinary gains - net
$0Net income attributable to bank
-$90Net charge-offs
$2Cash dividends
$25Sale, 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
7.01%Cost of funding earning assets
1.89%Net interest margin
5.12%Noninterest income to earning assets
1.65%Noninterest expense to earning assets
8.77%Net operating income to assets
-1.05%Return on assets (ROA)
-1.05%Pretax return on assets
-1.73%Return on equity (ROE)
-6.59%Retained earnings to average equity (YTD only)
-8.42%Net charge-offs to loans
0.06%Credit loss provision to net charge-offs
500.00%Efficiency ratio
110,345Assets per employee
1.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
-27.78%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
51.12%Net loans and leases to core deposits
52.59%Equity capital to assets
16.11%Core capital (leverage) ratio
10.32%Tier 1 risk-based capital ratio
22.75%Total risk-based capital ratio
Memoranda
$24Average assets
$8,570Average earning assets
$1,366Average equity
$6,861Average loans

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