FDIC Certificate #: 24309 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community First National Bank (#14297) Federal Reserve ID: 579654 Date Established: Febuary 16, 1983 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Interstate: No) OTS Docket #: 12803 FDIC's unique #: 16911 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: Febuary 16, 1983 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: 1610 Hover Street, Longmont, CO 80501 County: Boulder 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): Boulder-Longmont, CO (#1125) Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34) Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216) Core Based Statistical Area (CBSA): Boulder, CO (#14500) CBSA Metro Statistical Area: Boulder, CO (#14500)
Financial Summary
Total assets: $142.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
67Total employees (full-time equivalent)
$130,412Total assets
$6,493Cash and due from depository institutions
$168Interest-bearing balances
$15,093Securities
$22,200Federal funds sold & reverse repurchase agreements
$82,207Net loans & leases
$504Loan loss allowance
$0Trading account assets
$3,235Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,184All other assets
$130,412Total liabilities and capital
$121,567Total liabilities
$121,071Total deposits
$101,243Interest-bearing deposits
$121,071Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$496All other liabilities
$8,845Total equity capital
$8,845Total bank equity capital
$8,845Perpetual preferred stock
$0Common stock
$500Surplus
$500Undivided profits
Memoranda
$7,845Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$31Earning assets
$0Long-term assets (5+ years)
$603Average Assets, year-to-date
$119,668Average Assets, quarterly
$11,793Volatile liabilities
$109,835Insider loans
$124,802FHLB advances
$14,785Loans and leases held for sale
$17Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$20,074Total unused commitments
$0Restructured Loans and leases
$90,520Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$9,801Total interest income
$3,563Total interest expense
$6,238Net interest income
$30Provision for loan and lease losses
$1,158Total noninterest income
$0Fiduciary activities
$1,017Service charges on deposit accounts
$0Trading account gains & fees
$141Additional noninterest income
$4,226Total noninterest expense
$2,532Salaries and employee benefits
$528Premises and equipment expense
$1,166Additional noninterest expense
$3,140Pre-tax net operating income
$0Securities gains (losses)
$1,085Applicable income taxes
$2,055Income before extraordinary items
$0Extraordinary gains - net
$2,055Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$31Sale, conversion, retirement of capital stock, net
$485Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.85%Yield on earning assets
3.58%Cost of funding earning assets
6.27%Net interest margin
1.16%Noninterest income to earning assets
4.25%Noninterest expense to earning assets
1.87%Net operating income to assets
1.87%Return on assets (ROA)
2.86%Pretax return on assets
25.45%Return on equity (ROE)
19.44%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
96.77%Credit loss provision to net charge-offs
102.26%Efficiency ratio
57,139Assets per employee
1.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
23.60%Loss allowance to loans
0.61%Loss allowance to noncurrent loans
1625.81%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.04%Net loans and leases to deposits
67.90%Net loans and leases to core deposits
77.35%Equity capital to assets
6.78%Core capital (leverage) ratio
6.83%Tier 1 risk-based capital ratio
9.77%Total risk-based capital ratio
Memoranda
$10Average assets
$109,835Average earning assets
$8,076Average equity
$99,531Average loans
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