FDIC Certificate #: 17872 Status: Active Federal Reserve ID: 968155 Date Established: May 31, 1958 WWW:http://www.fnbcortez.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 11811 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: May 31, 1958 Last Structure Change Effective Date: April 11, 2011 Last Structure Change Process Date: June 21, 2011 Last Data Update: June 21, 2011 Data Source Date: April 05, 2012
Location
Address: 2258 E. Main Street, Cortez, CO 81321 County: Montezuma 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
Change in Location
Financial Summary
Total assets: $90.7 mil Equity capital: $9.0 mil Deposits held in domestic offices: $77.3 mil Return on assets (ROA): 0.36% ($0.3 mil) Quarterly return on assets: 0.79% ($0.7 mil) Return on Equity (ROE): 3.91% ($0.4 mil) Quarterly return on equity: 8.14% ($0.7 mil) Net income: $0.3 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.50% ($453.7 mil) Quarterly Pretax return on assets: 1.20% ($1,089.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
21Total employees (full-time equivalent)
$90,749Total assets
$1,966Cash and due from depository institutions
$606Interest-bearing balances
$53,509Securities
$1,370Federal funds sold & reverse repurchase agreements
$24,978Net loans & leases
$428Loan loss allowance
$0Trading account assets
$5,346Bank premises and fixed assets
$293Other real estate owned
$0Goodwill and other intangibles
$90,749Life insurance assets
$3,287All other assets
$81,793Total liabilities and capital
$77,307Total liabilities
$62,178Total deposits
$77,307Interest-bearing deposits
$82Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,500Trading liabilities
$0Other borrowed funds
$986Subordinated debt
$8,956All other liabilities
$8,956Total equity capital
$8,956Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$1,000Surplus
$6,956Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$344Income earned, not collected on loans
$0Earning assets
$427Long-term assets (5+ years)
$80,463Average Assets, year-to-date
$52,258Average Assets, quarterly
$87,034Volatile liabilities
$91,078Insider loans
$41,684FHLB advances
$92,500Loans and leases held for sale
$1,989Unused loan commitments
$837Tier 1 (core) risk-based capital
$7,888Tier 2 risk-based capital
$0Total risk weighted assets
$1,152Total unused commitments
$4,091Restructured Loans and leases
$1,116Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,225Total interest income
$503Total interest expense
$2,722Net interest income
$149Provision for loan and lease losses
$457Total noninterest income
$0Fiduciary activities
$277Service charges on deposit accounts
$0Trading account gains & fees
$180Additional noninterest income
$2,674Total noninterest expense
$1,262Salaries and employee benefits
$494Premises and equipment expense
$918Additional noninterest expense
$356Pre-tax net operating income
$76Securities gains (losses)
$116Applicable income taxes
$316Income before extraordinary items
$0Extraordinary gains - net
$316Net income attributable to bank
$0Net charge-offs
$316Cash dividends
$179Sale, conversion, retirement of capital stock, net
$100Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.20%Yield on earning assets
0.66%Cost of funding earning assets
3.55%Net interest margin
0.60%Noninterest income to earning assets
3.49%Noninterest expense to earning assets
0.30%Net operating income to assets
0.36%Return on assets (ROA)
0.50%Pretax return on assets
3.91%Return on equity (ROE)
2.67%Retained earnings to average equity (YTD only)
0.68%Net charge-offs to loans
83.24%Credit loss provision to net charge-offs
2.82%Efficiency ratio
84,115Assets per employee
4.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.65%Loss allowance to loans
1.68%Loss allowance to noncurrent loans
124.42%Noncurrent assets plus other real estate owned to assets
0.70%Noncurrent loans to loans
1.35%Net loans and leases to deposits
32.31%Net loans and leases to core deposits
37.04%Equity capital to assets
9.87%Core capital (leverage) ratio
8.53%Tier 1 risk-based capital ratio
18.92%Total risk-based capital ratio
Memoranda
$20Average assets
$87,034Average earning assets
$8,083Average equity
$76,708Average loans
List of branches
1 Colorado Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
11811
First National Bank, Cortez
2258 E. Main Street, Cortez, CO 81321
May 31, 1958
Full Service Brick and Mortar
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