FDIC Certificate #: 17836 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community Banks of Southern Colorado (#3052) Federal Reserve ID: 597957 Date Established: January 23, 1958 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 13740 FDIC's unique #: 11780 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: January 23, 1958 Last Structure Change Effective Date: August 31, 2001 Last Structure Change Process Date: September 13, 2001 Last Data Update: September 13, 2001 Data Source Date: April 05, 2012
Location
Address: 501 Main Street, Walsenburg, CO 81089 County: Huerfano 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
Financial Summary
Total assets: $53.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
25Total employees (full-time equivalent)
$48,729Total assets
$1,517Cash and due from depository institutions
$13Interest-bearing balances
$7,546Securities
$3,877Federal funds sold & reverse repurchase agreements
$32,867Net loans & leases
$372Loan loss allowance
$0Trading account assets
$1,495Bank premises and fixed assets
$99Other real estate owned
$462Goodwill and other intangibles
$0Life insurance assets
$866All other assets
$48,729Total liabilities and capital
$45,045Total liabilities
$38,438Total deposits
$30,811Interest-bearing deposits
$38,438Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,000Other borrowed funds
$0Subordinated debt
$607All other liabilities
$3,684Total equity capital
$3,684Total bank equity capital
$3,684Perpetual preferred stock
$0Common stock
$150Surplus
$2,236Undivided profits
Memoranda
$1,298Noncurrent loans and leases
$4,881Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$805Earning assets
$0Long-term assets (5+ years)
$365Average Assets, year-to-date
$44,303Average Assets, quarterly
$4,770Volatile liabilities
$47,072Insider loans
$48,568FHLB advances
$5,372Loans and leases held for sale
$1,082Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,881Total unused commitments
$0Restructured Loans and leases
$372Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$3,691Total interest income
$1,517Total interest expense
$2,174Net interest income
$158Provision for loan and lease losses
$454Total noninterest income
$0Fiduciary activities
$228Service charges on deposit accounts
$0Trading account gains & fees
$226Additional noninterest income
$1,521Total noninterest expense
$807Salaries and employee benefits
$199Premises and equipment expense
$515Additional noninterest expense
$949Pre-tax net operating income
$1Securities gains (losses)
$314Applicable income taxes
$636Income before extraordinary items
$0Extraordinary gains - net
$636Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$79Sale, conversion, retirement of capital stock, net
$308Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.71%Yield on earning assets
3.58%Cost of funding earning assets
5.13%Net interest margin
1.07%Noninterest income to earning assets
3.59%Noninterest expense to earning assets
1.35%Net operating income to assets
1.35%Return on assets (ROA)
2.02%Pretax return on assets
18.79%Return on equity (ROE)
9.69%Retained earnings to average equity (YTD only)
0.25%Net charge-offs to loans
200.00%Credit loss provision to net charge-offs
14.01%Efficiency ratio
56,963Assets per employee
1.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.43%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
46.21%Noncurrent assets plus other real estate owned to assets
1.86%Noncurrent loans to loans
2.42%Net loans and leases to deposits
85.51%Net loans and leases to core deposits
99.40%Equity capital to assets
7.56%Core capital (leverage) ratio
6.93%Tier 1 risk-based capital ratio
9.06%Total risk-based capital ratio
Memoranda
$10Average assets
$47,072Average earning assets
$3,385Average equity
$42,375Average loans
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