FDIC Certificate #: 23407 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community First National Bank (#14297) Federal Reserve ID: 401157 Date Established: May 04, 1981 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 9839 FDIC's unique #: 16408 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: May 04, 1981 Last Structure Change Effective Date: July 01, 1998 Last Structure Change Process Date: July 22, 1998 Last Data Update: July 22, 1998 Data Source Date: April 05, 2012
Location
Address: 12000 North Washington, Thornton, CO 80241 County: Adams 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 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: $83.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
55Total employees (full-time equivalent)
$77,596Total assets
$5,524Cash and due from depository institutions
$99Interest-bearing balances
$10,472Securities
$4,100Federal funds sold & reverse repurchase agreements
$52,902Net loans & leases
$224Loan loss allowance
$0Trading account assets
$3,344Bank premises and fixed assets
$527Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$727All other assets
$77,596Total liabilities and capital
$72,174Total liabilities
$71,742Total deposits
$54,456Interest-bearing deposits
$71,742Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$432All other liabilities
$5,422Total equity capital
$5,422Total bank equity capital
$5,422Perpetual preferred stock
$0Common stock
$500Surplus
$650Undivided profits
Memoranda
$4,272Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$197Earning assets
$0Long-term assets (5+ years)
$354Average Assets, year-to-date
$67,573Average Assets, quarterly
$9,368Volatile liabilities
$71,445Insider loans
$77,197FHLB advances
$10,770Loans and leases held for sale
$1,278Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,362Total unused commitments
$0Restructured Loans and leases
$55,924Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$5,732Total interest income
$2,252Total interest expense
$3,480Net interest income
$101Provision for loan and lease losses
$1,474Total noninterest income
$0Fiduciary activities
$876Service charges on deposit accounts
$0Trading account gains & fees
$598Additional noninterest income
$2,982Total noninterest expense
$1,501Salaries and employee benefits
$385Premises and equipment expense
$1,096Additional noninterest expense
$1,871Pre-tax net operating income
$0Securities gains (losses)
$23Applicable income taxes
$1,848Income before extraordinary items
$0Extraordinary gains - net
$1,848Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$89Sale, conversion, retirement of capital stock, net
$1,301Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.15%Yield on earning assets
3.60%Cost of funding earning assets
5.56%Net interest margin
2.35%Noninterest income to earning assets
4.76%Noninterest expense to earning assets
2.59%Net operating income to assets
2.59%Return on assets (ROA)
2.62%Pretax return on assets
36.02%Return on equity (ROE)
10.66%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
113.48%Credit loss provision to net charge-offs
22.16%Efficiency ratio
60,194Assets per employee
1.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.40%Loss allowance to loans
0.42%Loss allowance to noncurrent loans
113.71%Noncurrent assets plus other real estate owned to assets
0.93%Noncurrent loans to loans
0.37%Net loans and leases to deposits
73.74%Net loans and leases to core deposits
86.76%Equity capital to assets
6.99%Core capital (leverage) ratio
6.94%Tier 1 risk-based capital ratio
9.59%Total risk-based capital ratio
Memoranda
$10Average assets
$71,445Average earning assets
$5,131Average equity
$62,623Average loans
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