FDIC Certificate #: 3032 Status: Inactive Closing history: Corrections Acquiring institution:Community Banks of Colorado (#21132) Federal Reserve ID: 507255 Date Established: October 10, 1910 WWW:http://www.cobnks.comcbr/ Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 13 (Interstate: No) OTS Docket #: 10242 FDIC's unique #: 1929 Numeric code: 13 Regulator: FED 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: January 01, 1934 Last Structure Change Effective Date: September 30, 2004 Last Structure Change Process Date: October 14, 2004 Last Data Update: October 14, 2004 Data Source Date: April 05, 2012
Location
Address: 501 Main Street, La Jara, CO 81140 County: Conejos 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
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $180.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
85Total employees (full-time equivalent)
$178,684Total assets
$5,318Cash and due from depository institutions
$77Interest-bearing balances
$5,449Securities
$0Federal funds sold & reverse repurchase agreements
$150,924Net loans & leases
$1,184Loan loss allowance
$0Trading account assets
$5,406Bank premises and fixed assets
$404Other real estate owned
$5,466Goodwill and other intangibles
$0Life insurance assets
$5,717All other assets
$178,684Total liabilities and capital
$158,945Total liabilities
$141,667Total deposits
$113,928Interest-bearing deposits
$141,667Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$16,891Other borrowed funds
$0Subordinated debt
$387All other liabilities
$19,739Total equity capital
$19,739Total bank equity capital
$19,739Perpetual preferred stock
$0Common stock
$1,141Surplus
$15,214Undivided profits
Memoranda
$3,384Noncurrent loans and leases
$20,733Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,520Earning assets
$930Long-term assets (5+ years)
$1,910Average Assets, year-to-date
$156,450Average Assets, quarterly
$4,566Volatile liabilities
$179,997Insider loans
$177,233FHLB advances
$36,526Loans and leases held for sale
$1,763Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$469Total risk weighted assets
$20,733Total unused commitments
$0Restructured Loans and leases
$1,184Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$10,644Total interest income
$2,667Total interest expense
$7,977Net interest income
$344Provision for loan and lease losses
$1,626Total noninterest income
$0Fiduciary activities
$697Service charges on deposit accounts
$0Trading account gains & fees
$929Additional noninterest income
$6,213Total noninterest expense
$3,361Salaries and employee benefits
$1,126Premises and equipment expense
$1,726Additional noninterest expense
$3,046Pre-tax net operating income
$88Securities gains (losses)
$1,103Applicable income taxes
$2,031Income before extraordinary items
$0Extraordinary gains - net
$2,031Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$99Sale, conversion, retirement of capital stock, net
$3,000Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.84%Yield on earning assets
1.71%Cost of funding earning assets
5.13%Net interest margin
1.04%Noninterest income to earning assets
3.99%Noninterest expense to earning assets
1.10%Net operating income to assets
1.13%Return on assets (ROA)
1.74%Pretax return on assets
10.32%Return on equity (ROE)
-4.93%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
347.47%Credit loss provision to net charge-offs
34.24%Efficiency ratio
64,449Assets per employee
2.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
147.71%Loss allowance to loans
0.78%Loss allowance to noncurrent loans
33.64%Noncurrent assets plus other real estate owned to assets
2.20%Noncurrent loans to loans
2.31%Net loans and leases to deposits
106.53%Net loans and leases to core deposits
125.74%Equity capital to assets
11.05%Core capital (leverage) ratio
8.30%Tier 1 risk-based capital ratio
9.82%Total risk-based capital ratio
Memoranda
$11Average assets
$179,997Average earning assets
$19,674Average equity
$155,637Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Community Banks of the Rockies.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: