First National Bank of Colorado in Steamboat Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 29, 1998

First National Bank of Colorado in Steamboat Springs, Colorado (CO)
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First National Bank of Colorado - Overview

General
FDIC Certificate #: 25741
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Vectra Bank Colorado, National Association (#2993)
Federal Reserve ID: 471459
Date Established: November 01, 1984
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
OTS Docket #: 9267
FDIC's unique #: 17614
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: November 01, 1984
Last Structure Change Effective Date: May 29, 1998
Last Structure Change Process Date: June 16, 1998
Last Data Update: June 16, 1998
Data Source Date: April 05, 2012
Location
Address: 2155 Resort Drive, Steamboat Springs, CO 80477
County: Routt
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: $101.9 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
34Total employees (full-time equivalent)
$92,841Total assets
$4,264Cash and due from depository institutions
$199Interest-bearing balances
$24,459Securities
$7,900Federal funds sold & reverse repurchase agreements
$55,021Net loans & leases
$442Loan loss allowance
$0Trading account assets
$284Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$913All other assets
$92,841Total liabilities and capital
$86,065Total liabilities
$83,454Total deposits
$65,610Interest-bearing deposits
$83,454Deposits held in domestic offices
0.00%% insured (estimated)
$2,009Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$602All other liabilities
$6,776Total equity capital
$6,776Total bank equity capital
$6,776Perpetual preferred stock
$0Common stock
$1,593Surplus
$1,593Undivided profits
Memoranda
$3,590Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$171Earning assets
$0Long-term assets (5+ years)
$405Average Assets, year-to-date
$87,579Average Assets, quarterly
$11,186Volatile liabilities
$86,381Insider loans
$91,158FHLB advances
$23,545Loans and leases held for sale
$1,582Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,007Total unused commitments
$0Restructured Loans and leases
$63,573Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$7,541Total interest income
$3,006Total interest expense
$4,535Net interest income
$0Provision for loan and lease losses
$884Total noninterest income
$0Fiduciary activities
$369Service charges on deposit accounts
$0Trading account gains & fees
$515Additional noninterest income
$2,620Total noninterest expense
$1,424Salaries and employee benefits
$561Premises and equipment expense
$635Additional noninterest expense
$2,799Pre-tax net operating income
$6Securities gains (losses)
$1,024Applicable income taxes
$1,781Income before extraordinary items
$0Extraordinary gains - net
$1,781Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$4Sale, conversion, retirement of capital stock, net
$562Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.29%Yield on earning assets
3.70%Cost of funding earning assets
5.59%Net interest margin
1.09%Noninterest income to earning assets
3.23%Noninterest expense to earning assets
2.06%Net operating income to assets
2.06%Return on assets (ROA)
3.25%Pretax return on assets
29.14%Return on equity (ROE)
19.95%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
48,348Assets per employee
2.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.56%Loss allowance to loans
0.80%Loss allowance to noncurrent loans
258.48%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.31%Net loans and leases to deposits
65.93%Net loans and leases to core deposits
88.86%Equity capital to assets
7.30%Core capital (leverage) ratio
7.49%Tier 1 risk-based capital ratio
10.56%Total risk-based capital ratio
Memoranda
$11Average assets
$86,381Average earning assets
$6,111Average equity
$81,173Average loans

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