FDIC Certificate #: 28212 Status: Inactive Closing history: Change in Primary Regulatory Agency Acquiring institution:Vectra Bank Colorado, National Association (#2993) Federal Reserve ID: 874274 Date Established: January 01, 1905 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 7 (Interstate: No) OTS Docket #: 1148 FDIC's unique #: 41046 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: No Date of Deposit Insurance: May 31, 1938 Last Structure Change Effective Date: December 31, 1998 Last Structure Change Process Date: January 14, 1999 Last Data Update: January 14, 1999 Data Source Date: April 05, 2012
Location
Address: 2000 East 20th Street, Farmington, NM 87401 County: San Juan Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: San Francisco FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Farmington, NM (#22140) CBSA Metro Statistical Area: Farmington, NM (#22140)
History of Changes
Consolidated - Without Assistance
Corrections
Name Change
Change in Primary Regulatory Agency
Financial Summary
Total assets: $223.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
88Total employees (full-time equivalent)
$225,533Total assets
$3,274Cash and due from depository institutions
$940Interest-bearing balances
$30,456Securities
$8,308Federal funds sold & reverse repurchase agreements
$147,900Net loans & leases
$962Loan loss allowance
$0Trading account assets
$5,189Bank premises and fixed assets
$65Other real estate owned
$25,815Goodwill and other intangibles
$0Life insurance assets
$4,526All other assets
$225,533Total liabilities and capital
$184,040Total liabilities
$176,534Total deposits
$169,887Interest-bearing deposits
$176,534Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$2,506All other liabilities
$41,493Total equity capital
$41,493Total bank equity capital
$41,493Perpetual preferred stock
$0Common stock
$647Surplus
$40,957Undivided profits
Memoranda
$-111Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$888Earning assets
$0Long-term assets (5+ years)
$1,012Average Assets, year-to-date
$187,604Average Assets, quarterly
$0Volatile liabilities
$217,541Insider loans
$224,837FHLB advances
$40,422Loans and leases held for sale
$1,813Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,311Total unused commitments
$0Restructured Loans and leases
$127,664Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$10,016Total interest income
$5,406Total interest expense
$4,610Net interest income
$100Provision for loan and lease losses
$562Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$562Additional noninterest income
$4,806Total noninterest expense
$2,209Salaries and employee benefits
$944Premises and equipment expense
$1,653Additional noninterest expense
$266Pre-tax net operating income
-$16Securities gains (losses)
$379Applicable income taxes
-$129Income before extraordinary items
$0Extraordinary gains - net
-$129Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$16Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.31%Yield on earning assets
2.86%Cost of funding earning assets
2.44%Net interest margin
0.30%Noninterest income to earning assets
2.55%Noninterest expense to earning assets
-0.05%Net operating income to assets
-0.06%Return on assets (ROA)
0.11%Pretax return on assets
-0.42%Return on equity (ROE)
-0.42%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
625.00%Credit loss provision to net charge-offs
22.88%Efficiency ratio
80,259Assets per employee
2.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.65%Loss allowance to noncurrent loans
108.33%Noncurrent assets plus other real estate owned to assets
0.42%Noncurrent loans to loans
0.60%Net loans and leases to deposits
83.78%Net loans and leases to core deposits
104.81%Equity capital to assets
18.40%Core capital (leverage) ratio
7.84%Tier 1 risk-based capital ratio
12.27%Total risk-based capital ratio
Memoranda
$13Average assets
$217,541Average earning assets
$30,587Average equity
$188,747Average loans
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