FDIC Certificate #: 24094 Status: Inactive Closing history: Change in Location Acquiring institution:Hillcrest Bank (#22173) Federal Reserve ID: 726757 Date Established: September 27, 1982 WWW:http://www.colonialbk.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 12737 FDIC's unique #: 16792 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: September 27, 1982 Last Structure Change Effective Date: November 03, 2006 Last Structure Change Process Date: December 06, 2006 Last Data Update: December 06, 2006 Data Source Date: April 05, 2012
Location
Address: 2101 South Garfield Avenue, Loveland, CO 80537 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)
History of Changes
Merger - Without Assistance
Office Sold
Change in Location
Financial Summary
Total assets: $236.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
75Total employees (full-time equivalent)
$225,508Total assets
$7,549Cash and due from depository institutions
$43Interest-bearing balances
$48,245Securities
$13,070Federal funds sold & reverse repurchase agreements
$123,377Net loans & leases
$1,323Loan loss allowance
$0Trading account assets
$10,229Bank premises and fixed assets
$190Other real estate owned
$14,985Goodwill and other intangibles
$0Life insurance assets
$7,863All other assets
$225,508Total liabilities and capital
$191,856Total liabilities
$191,117Total deposits
$145,503Interest-bearing deposits
$191,117Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$739All other liabilities
$33,652Total equity capital
$33,652Total bank equity capital
$33,652Perpetual preferred stock
$0Common stock
$626Surplus
$32,974Undivided profits
Memoranda
$52Noncurrent loans and leases
$51,265Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$50Earning assets
$0Long-term assets (5+ years)
$1,135Average Assets, year-to-date
$184,735Average Assets, quarterly
$48,845Volatile liabilities
$193,901Insider loans
$210,036FHLB advances
$19,649Loans and leases held for sale
$119Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$51,265Total unused commitments
$0Restructured Loans and leases
$1,323Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$12,352Total interest income
$3,199Total interest expense
$9,153Net interest income
$240Provision for loan and lease losses
$927Total noninterest income
$0Fiduciary activities
$782Service charges on deposit accounts
$0Trading account gains & fees
$145Additional noninterest income
$6,229Total noninterest expense
$3,494Salaries and employee benefits
$977Premises and equipment expense
$1,758Additional noninterest expense
$3,611Pre-tax net operating income
$0Securities gains (losses)
$164Applicable income taxes
$3,447Income before extraordinary items
$0Extraordinary gains - net
$3,447Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$101Sale, conversion, retirement of capital stock, net
$1,284Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.14%Yield on earning assets
1.85%Cost of funding earning assets
5.29%Net interest margin
0.54%Noninterest income to earning assets
3.60%Noninterest expense to earning assets
1.78%Net operating income to assets
1.78%Return on assets (ROA)
1.86%Pretax return on assets
19.56%Return on equity (ROE)
12.28%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
237.62%Credit loss provision to net charge-offs
38.13%Efficiency ratio
61,796Assets per employee
3.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
37.25%Loss allowance to loans
1.06%Loss allowance to noncurrent loans
2646.00%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.04%Net loans and leases to deposits
64.56%Net loans and leases to core deposits
71.95%Equity capital to assets
14.92%Core capital (leverage) ratio
9.92%Tier 1 risk-based capital ratio
11.62%Total risk-based capital ratio
Memoranda
$12Average assets
$193,901Average earning assets
$17,621Average equity
$172,986Average loans
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