Colorado Community First State Bank in Steamboat Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1997

Colorado Community First State Bank in Steamboat Springs, Colorado (CO)
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Colorado Community First State Bank - Overview

General
FDIC Certificate #: 22006
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First National Bank (#14297)
Federal Reserve ID: 348953
Date Established: May 12, 1975
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 9257
FDIC's unique #: 15265
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: May 12, 1975
Last Structure Change Effective Date: April 01, 1997
Last Structure Change Process Date: April 18, 1997
Last Data Update: April 18, 1997
Data Source Date: April 05, 2012
Location
Address: 555 Lincoln Avenue, Steamboat Springs, CO 80477
County: Routt
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Kansas City
FDIC Field Office: Denver
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $116.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$56Total assets
$120,003Cash and due from depository institutions
$5,683Interest-bearing balances
$18Securities
$30,716Federal funds sold & reverse repurchase agreements
$370Net loans & leases
$73,509Loan loss allowance
$1,015Trading account assets
$0Bank premises and fixed assets
$2,489Other real estate owned
$0Goodwill and other intangibles
$3,084Life insurance assets
$4,152All other assets
$0Total liabilities and capital
$120,003Total liabilities
$107,455Total deposits
$103,570Interest-bearing deposits
$83,577Deposits held in domestic offices
103570.00%% insured (estimated)
$77Federal funds purchased & repurchase agreements
$488Trading liabilities
$0Other borrowed funds
$2,000Subordinated debt
$0All other liabilities
$1,397Total equity capital
$1,397Total bank equity capital
$12,548Perpetual preferred stock
$0Common stock
$889Surplus
$11,399Undivided profits
Memoranda
$260Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$165Income earned, not collected on loans
$543Earning assets
$104,613Long-term assets (5+ years)
$16,259Average Assets, year-to-date
$116,019Average Assets, quarterly
$119,534Volatile liabilities
$14,975Insider loans
$95FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$7,857Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,368Total risk weighted assets
$83,046Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$8,906Total interest expense
$2,971Net interest income
$5,935Provision for loan and lease losses
$548Total noninterest income
$1,424Fiduciary activities
$0Service charges on deposit accounts
$743Trading account gains & fees
$0Additional noninterest income
$681Total noninterest expense
$3,859Salaries and employee benefits
$1,805Premises and equipment expense
$448Additional noninterest expense
$1,606Pre-tax net operating income
$2,952Securities gains (losses)
$1Applicable income taxes
$1,108Income before extraordinary items
$1,845Extraordinary gains - net
$0Net income attributable to bank
$1,845Net charge-offs
$72Cash dividends
$1,786Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.94%Cost of funding earning assets
2.98%Net interest margin
5.95%Noninterest income to earning assets
1.43%Noninterest expense to earning assets
3.87%Net operating income to assets
1.59%Return on assets (ROA)
1.59%Pretax return on assets
2.55%Return on equity (ROE)
14.82%Retained earnings to average equity (YTD only)
0.47%Net charge-offs to loans
0.11%Credit loss provision to net charge-offs
761.11%Efficiency ratio
47,452Assets per employee
2.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
96.80%Loss allowance to loans
1.36%Loss allowance to noncurrent loans
615.15%Noncurrent assets plus other real estate owned to assets
0.14%Noncurrent loans to loans
0.22%Net loans and leases to deposits
70.98%Net loans and leases to core deposits
80.71%Equity capital to assets
10.46%Core capital (leverage) ratio
6.65%Tier 1 risk-based capital ratio
10.08%Total risk-based capital ratio
Memoranda
$11Average assets
$116,019Average earning assets
$12,452Average equity
$99,671Average loans

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