FDIC Certificate #: 26405 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Vectra Bank Colorado, National Association (#2993) Federal Reserve ID: 954859 Date Established: October 07, 1985 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 33014 Numeric code: 21 Regulator: FDIC 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: October 07, 1985 Last Structure Change Effective Date: August 31, 1998 Last Structure Change Process Date: September 24, 1998 Last Data Update: September 24, 1998 Data Source Date: April 05, 2012
Location
Address: 1990 Tenth Avenue West, Broomfield, CO 80020 County: Broomfield 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 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: $41.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
26Total employees (full-time equivalent)
$41,509Total assets
$2,104Cash and due from depository institutions
$0Interest-bearing balances
$7,413Securities
$3,145Federal funds sold & reverse repurchase agreements
$26,899Net loans & leases
$378Loan loss allowance
$0Trading account assets
$1,590Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$358All other assets
$41,509Total liabilities and capital
$38,806Total liabilities
$38,222Total deposits
$28,139Interest-bearing deposits
$38,222Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$584All other liabilities
$2,703Total equity capital
$2,703Total bank equity capital
$2,703Perpetual preferred stock
$0Common stock
$317Surplus
$429Undivided profits
Memoranda
$1,957Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$140Earning assets
$0Long-term assets (5+ years)
$146Average Assets, year-to-date
$37,457Average Assets, quarterly
$1,917Volatile liabilities
$35,438Insider loans
$39,428FHLB advances
$2,166Loans and leases held for sale
$423Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,516Total unused commitments
$0Restructured Loans and leases
$29,185Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$3,167Total interest income
$980Total interest expense
$2,187Net interest income
$220Provision for loan and lease losses
$1,201Total noninterest income
$0Fiduciary activities
$234Service charges on deposit accounts
$0Trading account gains & fees
$967Additional noninterest income
$2,090Total noninterest expense
$1,180Salaries and employee benefits
$258Premises and equipment expense
$652Additional noninterest expense
$1,078Pre-tax net operating income
$0Securities gains (losses)
$388Applicable income taxes
$690Income before extraordinary items
$0Extraordinary gains - net
$690Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$41Sale, conversion, retirement of capital stock, net
$6Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.05%Yield on earning assets
3.11%Cost of funding earning assets
6.94%Net interest margin
3.81%Noninterest income to earning assets
6.63%Noninterest expense to earning assets
1.95%Net operating income to assets
1.95%Return on assets (ROA)
3.04%Pretax return on assets
29.61%Return on equity (ROE)
29.35%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
536.59%Credit loss provision to net charge-offs
31.66%Efficiency ratio
61,688Assets per employee
1.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.87%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
270.00%Noncurrent assets plus other real estate owned to assets
0.34%Noncurrent loans to loans
0.51%Net loans and leases to deposits
70.38%Net loans and leases to core deposits
74.60%Equity capital to assets
6.51%Core capital (leverage) ratio
6.85%Tier 1 risk-based capital ratio
9.16%Total risk-based capital ratio
Memoranda
$10Average assets
$35,438Average earning assets
$2,330Average equity
$31,503Average loans
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