FDIC Certificate #: 20394 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Evergreen National Bank (#23404) Federal Reserve ID: 259853 Date Established: March 29, 1971 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 14052 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: March 29, 1971 Last Structure Change Effective Date: September 20, 2010 Last Structure Change Process Date: September 28, 2010 Last Data Update: September 28, 2010 Data Source Date: April 05, 2012
Location
Address: 502 Sixth Street, Georgetown, CO 80444 County: Clear Creek 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 Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216) Core Based Statistical Area (CBSA): Denver-Aurora-Broomfield, CO (#19740) CBSA Metro Statistical Area: Denver-Aurora-Broomfield, CO (#19740)
Financial Summary
Total assets: $23.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
12Total employees (full-time equivalent)
$24,434Total assets
$1,497Cash and due from depository institutions
$400Interest-bearing balances
$7,007Securities
$6,270Federal funds sold & reverse repurchase agreements
$8,674Net loans & leases
$219Loan loss allowance
$0Trading account assets
$454Bank premises and fixed assets
$123Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$409All other assets
$24,434Total liabilities and capital
$22,352Total liabilities
$22,321Total deposits
$11,906Interest-bearing deposits
$22,321Deposits held in domestic offices
90.49%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$31All other liabilities
$2,082Total equity capital
$2,082Total bank equity capital
$2,082Perpetual preferred stock
$0Common stock
$100Surplus
$1,800Undivided profits
Memoranda
$182Noncurrent loans and leases
$720Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$609Earning assets
$0Long-term assets (5+ years)
$100Average Assets, year-to-date
$22,351Average Assets, quarterly
$5,611Volatile liabilities
$24,520Insider loans
$24,685FHLB advances
$929Loans and leases held for sale
$289Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$720Total unused commitments
$0Restructured Loans and leases
$159Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$1,028Total interest income
$104Total interest expense
$924Net interest income
$334Provision for loan and lease losses
$160Total noninterest income
$0Fiduciary activities
$126Service charges on deposit accounts
$0Trading account gains & fees
$34Additional noninterest income
$1,332Total noninterest expense
$549Salaries and employee benefits
$139Premises and equipment expense
$644Additional noninterest expense
-$582Pre-tax net operating income
$179Securities gains (losses)
-$46Applicable income taxes
-$357Income before extraordinary items
$0Extraordinary gains - net
-$357Net income attributable to bank
$0Net charge-offs
-$357Cash dividends
$295Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.60%Yield on earning assets
0.47%Cost of funding earning assets
4.14%Net interest margin
0.72%Noninterest income to earning assets
5.97%Noninterest expense to earning assets
-2.11%Net operating income to assets
-1.46%Return on assets (ROA)
-1.64%Pretax return on assets
-16.06%Return on equity (ROE)
-16.06%Retained earnings to average equity (YTD only)
3.01%Net charge-offs to loans
113.22%Credit loss provision to net charge-offs
-0.84%Efficiency ratio
122,878Assets per employee
2.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.46%Loss allowance to noncurrent loans
35.96%Noncurrent assets plus other real estate owned to assets
3.00%Noncurrent loans to loans
6.85%Net loans and leases to deposits
38.86%Net loans and leases to core deposits
40.55%Equity capital to assets
8.52%Core capital (leverage) ratio
8.10%Tier 1 risk-based capital ratio
16.75%Total risk-based capital ratio
Memoranda
$18Average assets
$24,520Average earning assets
$2,223Average equity
$22,326Average loans
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