First Mountain Bank in Leadville, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 15, 2008

First Mountain Bank in Leadville, Colorado (CO)
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First Mountain Bank - Overview

General
FDIC Certificate #: 23216
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The First National Bank of Hugo (#3029)
Federal Reserve ID: 295356
Date Established: October 06, 1980
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
OTS Docket #: 14508
FDIC's unique #: 16269
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: October 06, 1980
Last Structure Change Effective Date: December 15, 2008
Last Structure Change Process Date: January 07, 2009
Last Data Update: January 07, 2009
Data Source Date: April 05, 2012
Location
Address: 409 Harrison Avenue, Leadville, CO 80461
County: Lake
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
Core Based Statistical Area (CBSA): Edwards, CO (#20780)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $27.1 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, 2007)

Dollar figures in thousands
8Total employees (full-time equivalent)
$23,042Total assets
$6,526Cash and due from depository institutions
$5,881Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$15,500Net loans & leases
$258Loan loss allowance
$0Trading account assets
$362Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$654All other assets
$23,043Total liabilities and capital
$21,362Total liabilities
$17,359Total deposits
$13,384Interest-bearing deposits
$17,359Deposits held in domestic offices
0.00%% insured (estimated)
$145Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,787Other borrowed funds
$0Subordinated debt
$71All other liabilities
$1,681Total equity capital
$1,681Total bank equity capital
$1,681Perpetual preferred stock
$0Common stock
$220Surplus
$440Undivided profits
Memoranda
$1,021Noncurrent loans and leases
$848Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4Earning assets
$0Long-term assets (5+ years)
$80Average Assets, year-to-date
$21,381Average Assets, quarterly
$9,555Volatile liabilities
$22,903Insider loans
$23,015FHLB advances
$3,976Loans and leases held for sale
$0Unused loan commitments
$3,787Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$848Total unused commitments
$0Restructured Loans and leases
$165Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$1,627Total interest income
$481Total interest expense
$1,146Net interest income
-$22Provision for loan and lease losses
$249Total noninterest income
$0Fiduciary activities
$207Service charges on deposit accounts
$0Trading account gains & fees
$42Additional noninterest income
$1,028Total noninterest expense
$774Salaries and employee benefits
$52Premises and equipment expense
$202Additional noninterest expense
$389Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$389Income before extraordinary items
$0Extraordinary gains - net
$389Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$29Sale, conversion, retirement of capital stock, net
$313Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.66%Yield on earning assets
2.26%Cost of funding earning assets
5.40%Net interest margin
1.17%Noninterest income to earning assets
4.84%Noninterest expense to earning assets
1.70%Net operating income to assets
1.70%Return on assets (ROA)
1.70%Pretax return on assets
23.64%Return on equity (ROE)
4.62%Retained earnings to average equity (YTD only)
-0.20%Net charge-offs to loans
75.86%Credit loss provision to net charge-offs
0.00%Efficiency ratio
73,692Assets per employee
2.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
80.46%Loss allowance to loans
1.64%Loss allowance to noncurrent loans
6450.00%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.03%Net loans and leases to deposits
89.29%Net loans and leases to core deposits
97.33%Equity capital to assets
7.30%Core capital (leverage) ratio
7.16%Tier 1 risk-based capital ratio
12.86%Total risk-based capital ratio
Memoranda
$14Average assets
$22,903Average earning assets
$1,646Average equity
$21,241Average loans

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