Centennial Bank of the West in Fort Collins, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2008

  • Centennial Bank of the West in Fort Collins, Colorado (CO)
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Centennial Bank of the West - Overview

  • General
  • FDIC Certificate #: 15515
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Guaranty Bank and Trust Company (#17482)
    Federal Reserve ID: 83450
    Date Established: May 15, 1937
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 15 (Interstate: No)
    OTS Docket #: 14144
    FDIC's unique #: 9814
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 19, 1937
    Last Structure Change Effective Date: January 01, 2008
    Last Structure Change Process Date: January 08, 2008
    Last Data Update: January 08, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 4650 Royal Vista Circle, Fort Collins, CO 80528
    County: Larimer
    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): Fort Collins-Loveland, CO (#2670)
    Core Based Statistical Area (CBSA): Fort Collins-Loveland, CO (#22660)
    CBSA Metro Statistical Area: Fort Collins-Loveland, CO (#22660)
  • Financial Summary
  • Total assets: $784.1 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, 2007)

  • Dollar figures in thousands
  • 147Total employees (full-time equivalent)
  • $784,071Total assets
  • $16,086Cash and due from depository institutions
  • $5Interest-bearing balances
  • $44,865Securities
  • $23,345Federal funds sold & reverse repurchase agreements
  • $618,150Net loans & leases
  • $10,552Loan loss allowance
  • $0Trading account assets
  • $22,499Bank premises and fixed assets
  • $2,766Other real estate owned
  • $16,781Goodwill and other intangibles
  • $12,491Life insurance assets
  • $39,579All other assets
  • $784,071Total liabilities and capital
  • $689,118Total liabilities
  • $652,093Total deposits
  • $516,970Interest-bearing deposits
  • $652,093Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $19,142Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,356Other borrowed funds
  • $0Subordinated debt
  • $10,527All other liabilities
  • $94,953Total equity capital
  • $94,953Total bank equity capital
  • $94,953Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $242,315Undivided profits
  • Memoranda
  • $-147,862Noncurrent loans and leases
  • $105,418Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $11,593Earning assets
  • $0Long-term assets (5+ years)
  • $4,206Average Assets, year-to-date
  • $686,365Average Assets, quarterly
  • $109,488Volatile liabilities
  • $974,340Insider loans
  • $880,785FHLB advances
  • $118,549Loans and leases held for sale
  • $10Unused loan commitments
  • $7,356Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $492Total risk weighted assets
  • $105,418Total unused commitments
  • $0Restructured Loans and leases
  • $8,432Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $59,338Total interest income
  • $23,731Total interest expense
  • $35,607Net interest income
  • $21,388Provision for loan and lease losses
  • $6,101Total noninterest income
  • $1,218Fiduciary activities
  • $2,545Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,338Additional noninterest income
  • $168,746Total noninterest expense
  • $10,034Salaries and employee benefits
  • $4,015Premises and equipment expense
  • $154,697Additional noninterest expense
  • -$148,426Pre-tax net operating income
  • $1Securities gains (losses)
  • -$2,556Applicable income taxes
  • -$145,869Income before extraordinary items
  • $0Extraordinary gains - net
  • -$145,869Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $24,769Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.77%Yield on earning assets
  • 3.11%Cost of funding earning assets
  • 4.67%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 22.11%Noninterest expense to earning assets
  • -14.97%Net operating income to assets
  • -14.97%Return on assets (ROA)
  • -15.23%Pretax return on assets
  • -69.48%Return on equity (ROE)
  • -69.48%Retained earnings to average equity (YTD only)
  • 3.43%Net charge-offs to loans
  • 86.35%Credit loss provision to net charge-offs
  • -5.13%Efficiency ratio
  • 59,861Assets per employee
  • 5.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 91.02%Noncurrent assets plus other real estate owned to assets
  • 1.83%Noncurrent loans to loans
  • 1.84%Net loans and leases to deposits
  • 94.79%Net loans and leases to core deposits
  • 111.72%Equity capital to assets
  • 12.11%Core capital (leverage) ratio
  • 9.71%Tier 1 risk-based capital ratio
  • 12.13%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $974,340Average earning assets
  • $209,954Average equity
  • $763,253Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $176,584Managed Assets
  • 1Number of Accounts
  • $154,087Personal trust and agency accounts
  • $132,261Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $418Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $21,408Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 364Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $22,497Other retirement accounts
  • $0Corporate trust and agency accounts
  • $6,925Other fiduciary accounts
  • $15,572Fiduciary accounts held in foreign offices

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