Colorado Community First National Bank in Sterling, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 30, 1995

Colorado Community First National Bank in Sterling, Colorado (CO)
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Colorado Community First National Bank - Overview

General
FDIC Certificate #: 18633
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First National Bank (#14297)
Federal Reserve ID: 116657
Date Established: November 16, 1962
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
OTS Docket #: 10007
FDIC's unique #: 12517
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: November 16, 1962
Last Structure Change Effective Date: November 30, 1995
Last Structure Change Process Date: December 12, 1995
Last Data Update: December 12, 1995
Data Source Date: April 05, 2012
Location
Address: 130 North Third Street, Sterling, CO 80751
County: Logan
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
Core Based Statistical Area (CBSA): Sterling, CO (#44540)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $30.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$17Total assets
$30,653Cash and due from depository institutions
$1,539Interest-bearing balances
$0Securities
$6,857Federal funds sold & reverse repurchase agreements
$770Net loans & leases
$20,077Loan loss allowance
$185Trading account assets
$0Bank premises and fixed assets
$835Other real estate owned
$0Goodwill and other intangibles
$575Life insurance assets
$0All other assets
$0Total liabilities and capital
$30,653Total liabilities
$28,076Total deposits
$26,455Interest-bearing deposits
$21,159Deposits held in domestic offices
26455.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,500Subordinated debt
$0All other liabilities
$121Total equity capital
$121Total bank equity capital
$2,577Perpetual preferred stock
$0Common stock
$500Surplus
$500Undivided profits
Memoranda
$1,577Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$347Earning assets
$27,704Long-term assets (5+ years)
$2,765Average Assets, year-to-date
$30,140Average Assets, quarterly
$30,384Volatile liabilities
$1,721Insider loans
$718FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$8,388Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,671Total risk weighted assets
$22,244Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,186Total interest expense
$762Net interest income
$1,424Provision for loan and lease losses
$0Total noninterest income
$269Fiduciary activities
$0Service charges on deposit accounts
$160Trading account gains & fees
$0Additional noninterest income
$109Total noninterest expense
$1,074Salaries and employee benefits
$511Premises and equipment expense
$148Additional noninterest expense
$415Pre-tax net operating income
$619Securities gains (losses)
$4Applicable income taxes
$207Income before extraordinary items
$416Extraordinary gains - net
$0Net income attributable to bank
$416Net charge-offs
$2Cash dividends
$366Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.94%Cost of funding earning assets
2.77%Net interest margin
5.17%Noninterest income to earning assets
0.98%Noninterest expense to earning assets
3.90%Net operating income to assets
1.37%Return on assets (ROA)
1.38%Pretax return on assets
2.07%Return on equity (ROE)
16.19%Retained earnings to average equity (YTD only)
1.95%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
0.00%Efficiency ratio
63,438Assets per employee
1.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
87.98%Loss allowance to loans
0.91%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
75.89%Net loans and leases to core deposits
81.17%Equity capital to assets
8.41%Core capital (leverage) ratio
8.82%Tier 1 risk-based capital ratio
12.01%Total risk-based capital ratio
Memoranda
$13Average assets
$30,140Average earning assets
$2,569Average equity
$27,545Average loans

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