Colorado National Bank Aspen in Aspen, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1997

Colorado National Bank Aspen in Aspen, Colorado (CO)
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Colorado National Bank Aspen - Overview

General
FDIC Certificate #: 20222
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Bank National Association (#5199)
Federal Reserve ID: 880350
Date Established: July 23, 1970
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)
FDIC's unique #: 13904
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: July 23, 1970
Last Structure Change Effective Date: June 01, 1997
Last Structure Change Process Date: June 16, 1997
Last Data Update: June 16, 1997
Data Source Date: April 05, 2012
Location
Address: 420 East Main Street, Aspen, CO 81611
County: Pitkin
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: $51.0 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$12Total assets
$52,023Cash and due from depository institutions
$6,125Interest-bearing balances
$0Securities
$2,440Federal funds sold & reverse repurchase agreements
$21,829Net loans & leases
$20,805Loan loss allowance
$830Trading account assets
$0Bank premises and fixed assets
$120Other real estate owned
$0Goodwill and other intangibles
$704Life insurance assets
$0All other assets
$0Total liabilities and capital
$52,023Total liabilities
$43,828Total deposits
$43,282Interest-bearing deposits
$31,391Deposits held in domestic offices
43282.00%% insured (estimated)
$82Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$546Total equity capital
$546Total bank equity capital
$8,195Perpetual preferred stock
$0Common stock
$450Surplus
$1,300Undivided profits
Memoranda
$6,445Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$10Income earned, not collected on loans
$178Earning assets
$45,074Long-term assets (5+ years)
$1,699Average Assets, year-to-date
$50,623Average Assets, quarterly
$50,043Volatile liabilities
$936Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$9,154Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,193Total risk weighted assets
$26,320Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$3,437Total interest expense
$930Net interest income
$2,507Provision for loan and lease losses
$0Total noninterest income
$380Fiduciary activities
$0Service charges on deposit accounts
$302Trading account gains & fees
$0Additional noninterest income
$78Total noninterest expense
$1,917Salaries and employee benefits
$638Premises and equipment expense
$250Additional noninterest expense
$1,029Pre-tax net operating income
$970Securities gains (losses)
$0Applicable income taxes
$331Income before extraordinary items
$639Extraordinary gains - net
$0Net income attributable to bank
$639Net charge-offs
$114Cash dividends
$0Sale, 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
7.60%Cost of funding earning assets
2.06%Net interest margin
5.54%Noninterest income to earning assets
0.84%Noninterest expense to earning assets
4.24%Net operating income to assets
1.26%Return on assets (ROA)
1.26%Pretax return on assets
1.92%Return on equity (ROE)
8.10%Retained earnings to average equity (YTD only)
8.10%Net charge-offs to loans
0.56%Credit loss provision to net charge-offs
0.00%Efficiency ratio
66,401Assets per employee
4.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.84%Loss allowance to noncurrent loans
8300.00%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.05%Net loans and leases to deposits
48.07%Net loans and leases to core deposits
49.13%Equity capital to assets
15.75%Core capital (leverage) ratio
16.86%Tier 1 risk-based capital ratio
31.13%Total risk-based capital ratio
Memoranda
$32Average assets
$50,623Average earning assets
$7,892Average equity
$45,234Average loans

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