FDIC Certificate #: 22776 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First State Bank of Colorado (#12373) Federal Reserve ID: 353359 Date Established: January 02, 1979 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 15904 Numeric code: 13 Regulator: FED 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: January 02, 1979 Last Structure Change Effective Date: June 30, 2010 Last Structure Change Process Date: July 09, 2010 Last Data Update: July 09, 2010 Data Source Date: April 05, 2012
Location
Address: 1000 Main Street, Westcliffe, CO 81252 County: Custer 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
Financial Summary
Total assets: $81.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
31Total employees (full-time equivalent)
$83,964Total assets
$6,544Cash and due from depository institutions
$5,176Interest-bearing balances
$3,932Securities
$1,620Federal funds sold & reverse repurchase agreements
$66,964Net loans & leases
$1,826Loan loss allowance
$0Trading account assets
$636Bank premises and fixed assets
$3,031Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,237All other assets
$83,964Total liabilities and capital
$75,947Total liabilities
$75,571Total deposits
$60,117Interest-bearing deposits
$75,571Deposits held in domestic offices
96.91%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$376All other liabilities
$8,017Total equity capital
$8,017Total bank equity capital
$8,017Perpetual preferred stock
$0Common stock
$288Surplus
$424Undivided profits
Memoranda
$7,305Noncurrent loans and leases
$5,030Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,095Earning assets
$0Long-term assets (5+ years)
$385Average Assets, year-to-date
$77,692Average Assets, quarterly
$9,137Volatile liabilities
$83,706Insider loans
$83,833FHLB advances
$19,333Loans and leases held for sale
$1,186Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,030Total unused commitments
$1,730Restructured Loans and leases
$799Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$5,370Total interest income
$1,610Total interest expense
$3,760Net interest income
$850Provision for loan and lease losses
$419Total noninterest income
$0Fiduciary activities
$330Service charges on deposit accounts
$0Trading account gains & fees
$89Additional noninterest income
$2,935Total noninterest expense
$1,593Salaries and employee benefits
$267Premises and equipment expense
$1,075Additional noninterest expense
$394Pre-tax net operating income
$0Securities gains (losses)
$115Applicable income taxes
$279Income before extraordinary items
$0Extraordinary gains - net
$279Net income attributable to bank
$0Net charge-offs
$279Cash dividends
$860Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.91%Yield on earning assets
2.07%Cost of funding earning assets
4.84%Net interest margin
0.54%Noninterest income to earning assets
3.77%Noninterest expense to earning assets
0.33%Net operating income to assets
0.33%Return on assets (ROA)
0.47%Pretax return on assets
3.50%Return on equity (ROE)
3.50%Retained earnings to average equity (YTD only)
1.16%Net charge-offs to loans
98.84%Credit loss provision to net charge-offs
1.45%Efficiency ratio
70,232Assets per employee
2.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.65%Loss allowance to noncurrent loans
59.00%Noncurrent assets plus other real estate owned to assets
7.30%Noncurrent loans to loans
4.50%Net loans and leases to deposits
88.61%Net loans and leases to core deposits
119.07%Equity capital to assets
9.55%Core capital (leverage) ratio
9.50%Tier 1 risk-based capital ratio
12.73%Total risk-based capital ratio
Memoranda
$14Average assets
$83,706Average earning assets
$7,962Average equity
$77,753Average loans
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