FDIC Certificate #: 25719 Status: Inactive Closing history: Change in Location Acquiring institution:Four Corners Community Bank (#35441) Federal Reserve ID: 821858 Date Established: November 01, 1984 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 12251 FDIC's unique #: 17596 Numeric code: 21 Regulator: FDIC 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: November 01, 1984 Last Structure Change Effective Date: August 25, 2007 Last Structure Change Process Date: October 02, 2007 Last Data Update: October 02, 2007 Data Source Date: April 05, 2012
Location
Address: 343 E. Main St., Cortez, CO 81321 County: Montezuma 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
History of Changes
Merger - Without Assistance
Office Sold
Change in Location
Financial Summary
Total assets: $42.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
24Total employees (full-time equivalent)
$44,430Total assets
$1,891Cash and due from depository institutions
$19Interest-bearing balances
$9,751Securities
$2,790Federal funds sold & reverse repurchase agreements
$29,249Net loans & leases
$390Loan loss allowance
$0Trading account assets
$257Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$492All other assets
$44,430Total liabilities and capital
$39,324Total liabilities
$39,251Total deposits
$29,978Interest-bearing deposits
$39,251Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$73All other liabilities
$5,106Total equity capital
$5,106Total bank equity capital
$5,106Perpetual preferred stock
$0Common stock
$1,281Surplus
$188Undivided profits
Memoranda
$3,637Noncurrent loans and leases
$6,188Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$114Earning assets
$0Long-term assets (5+ years)
$244Average Assets, year-to-date
$41,809Average Assets, quarterly
$6,736Volatile liabilities
$44,820Insider loans
$44,701FHLB advances
$1,681Loans and leases held for sale
$338Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,188Total unused commitments
$28Restructured Loans and leases
$369Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$2,879Total interest income
$547Total interest expense
$2,332Net interest income
$90Provision for loan and lease losses
$265Total noninterest income
$0Fiduciary activities
$132Service charges on deposit accounts
$0Trading account gains & fees
$133Additional noninterest income
$1,888Total noninterest expense
$964Salaries and employee benefits
$314Premises and equipment expense
$610Additional noninterest expense
$619Pre-tax net operating income
$36Securities gains (losses)
$0Applicable income taxes
$655Income before extraordinary items
$0Extraordinary gains - net
$655Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$44Sale, conversion, retirement of capital stock, net
$160Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.88%Yield on earning assets
1.31%Cost of funding earning assets
5.57%Net interest margin
0.63%Noninterest income to earning assets
4.51%Noninterest expense to earning assets
1.38%Net operating income to assets
1.46%Return on assets (ROA)
1.46%Pretax return on assets
13.72%Return on equity (ROE)
10.37%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
204.55%Credit loss provision to net charge-offs
16.11%Efficiency ratio
72,699Assets per employee
1.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
24.43%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
342.11%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.38%Net loans and leases to deposits
74.52%Net loans and leases to core deposits
77.85%Equity capital to assets
11.49%Core capital (leverage) ratio
11.55%Tier 1 risk-based capital ratio
17.58%Total risk-based capital ratio
Memoranda
$19Average assets
$44,820Average earning assets
$4,774Average equity
$41,843Average loans
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