FDIC Certificate #: 21132 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Bank Midwest, National Association (#59052) Federal Reserve ID: 785259 Date Established: June 26, 1973 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 42 (Interstate: No) OTS Docket #: 14644 FDIC's unique #: 14609 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: June 26, 1973 Last Structure Change Effective Date: October 21, 2011 Last Structure Change Process Date: October 24, 2011 Last Data Update: October 24, 2011 Data Source Date: April 05, 2012
Location
Address: 5570 South Dtc Parkway, Greenwood Village, CO 80111 County: Arapahoe 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): Denver, CO (#2080) Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34) Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216) Core Based Statistical Area (CBSA): Denver-Aurora-Broomfield, CO (#19740) CBSA Metro Statistical Area: Denver-Aurora-Broomfield, CO (#19740)
Financial Summary
Total assets: $1,281.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
285Total employees (full-time equivalent)
$1,575,679Total assets
$241,078Cash and due from depository institutions
$223,203Interest-bearing balances
$55,950Securities
$0Federal funds sold & reverse repurchase agreements
$1,140,113Net loans & leases
$65,687Loan loss allowance
$0Trading account assets
$67,416Bank premises and fixed assets
$37,797Other real estate owned
$343Goodwill and other intangibles
$9,953Life insurance assets
$32,982All other assets
$1,575,679Total liabilities and capital
$1,521,043Total liabilities
$1,499,483Total deposits
$1,313,614Interest-bearing deposits
$1,499,483Deposits held in domestic offices
93.68%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,000Other borrowed funds
$0Subordinated debt
$6,560All other liabilities
$54,636Total equity capital
$54,636Total bank equity capital
$54,636Perpetual preferred stock
$0Common stock
$120Surplus
$124,056Undivided profits
Memoranda
$-69,540Noncurrent loans and leases
$122,306Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$162,693Earning assets
$3,822Long-term assets (5+ years)
$5,425Average Assets, year-to-date
$1,419,266Average Assets, quarterly
$147,196Volatile liabilities
$1,720,907Insider loans
$1,615,063FHLB advances
$537,978Loans and leases held for sale
$12,803Unused loan commitments
$15,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$122,306Total unused commitments
$21,261Restructured Loans and leases
$16,018Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$66,740Total interest income
$28,414Total interest expense
$38,326Net interest income
$63,532Provision for loan and lease losses
$877Total noninterest income
$0Fiduciary activities
$3,163Service charges on deposit accounts
$0Trading account gains & fees
-$2,286Additional noninterest income
$43,100Total noninterest expense
$17,081Salaries and employee benefits
$6,649Premises and equipment expense
$19,370Additional noninterest expense
-$67,429Pre-tax net operating income
$978Securities gains (losses)
-$2,112Applicable income taxes
-$64,339Income before extraordinary items
$0Extraordinary gains - net
-$64,339Net income attributable to bank
$0Net charge-offs
-$64,339Cash dividends
$41,196Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.33%Yield on earning assets
1.84%Cost of funding earning assets
2.49%Net interest margin
0.06%Noninterest income to earning assets
2.80%Noninterest expense to earning assets
-3.79%Net operating income to assets
-3.74%Return on assets (ROA)
-3.86%Pretax return on assets
-70.62%Return on equity (ROE)
-70.62%Retained earnings to average equity (YTD only)
3.19%Net charge-offs to loans
154.22%Credit loss provision to net charge-offs
-0.09%Efficiency ratio
109,915Assets per employee
5.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.45%Loss allowance to noncurrent loans
40.37%Noncurrent assets plus other real estate owned to assets
12.72%Noncurrent loans to loans
13.49%Net loans and leases to deposits
76.03%Net loans and leases to core deposits
118.58%Equity capital to assets
3.47%Core capital (leverage) ratio
2.99%Tier 1 risk-based capital ratio
3.98%Total risk-based capital ratio
Memoranda
$5Average assets
$1,720,907Average earning assets
$91,102Average equity
$1,540,312Average loans
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