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

This bank is inactive as of March 11, 1994

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

General
FDIC Certificate #: 3043
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank One, Western Colorado, National Association (#21991)
Federal Reserve ID: 584050
Date Established: January 01, 1904
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)
FDIC's unique #: 1938
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 01, 1934
Last Structure Change Effective Date: March 11, 1994
Last Structure Change Process Date: April 05, 1994
Last Data Update: April 05, 1994
Data Source Date: April 05, 2012
Location
Address: 401 Main Street, Montrose, CO 81401
County: Montrose
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): Montrose, CO (#33940)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $92.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$41Total assets
$92,381Cash and due from depository institutions
$4,824Interest-bearing balances
$6Securities
$27,003Federal funds sold & reverse repurchase agreements
$12,900Net loans & leases
$45,399Loan loss allowance
$841Trading account assets
$0Bank premises and fixed assets
$686Other real estate owned
$594Goodwill and other intangibles
$975Life insurance assets
$0All other assets
$0Total liabilities and capital
$92,381Total liabilities
$84,875Total deposits
$73,689Interest-bearing deposits
$60,649Deposits held in domestic offices
73689.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$10,013Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,173Total equity capital
$1,173Total bank equity capital
$7,506Perpetual preferred stock
$0Common stock
$365Surplus
$1,335Undivided profits
Memoranda
$5,806Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,458Income earned, not collected on loans
$374Earning assets
$85,308Long-term assets (5+ years)
$5,367Average Assets, year-to-date
$79,101Average Assets, quarterly
$86,274Volatile liabilities
$12,249Insider loans
$430FHLB advances
$0Loans and leases held for sale
$1,508Unused loan commitments
$6,103Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,506Total risk weighted assets
$55,508Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$6,399Total interest expense
$1,973Net interest income
$4,426Provision for loan and lease losses
$0Total noninterest income
$339Fiduciary activities
$0Service charges on deposit accounts
$263Trading account gains & fees
$0Additional noninterest income
$76Total noninterest expense
$2,626Salaries and employee benefits
$1,232Premises and equipment expense
$251Additional noninterest expense
$1,143Pre-tax net operating income
$2,139Securities gains (losses)
-$4Applicable income taxes
$525Income before extraordinary items
$1,610Extraordinary gains - net
$8Net income attributable to bank
$1,618Net charge-offs
$183Cash dividends
$299Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.68%Cost of funding earning assets
2.68%Net interest margin
6.01%Noninterest income to earning assets
0.46%Noninterest expense to earning assets
3.56%Net operating income to assets
2.04%Return on assets (ROA)
2.05%Pretax return on assets
2.71%Return on equity (ROE)
23.46%Retained earnings to average equity (YTD only)
19.13%Net charge-offs to loans
0.38%Credit loss provision to net charge-offs
0.00%Efficiency ratio
55,110Assets per employee
2.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.48%Loss allowance to loans
1.82%Loss allowance to noncurrent loans
57.68%Noncurrent assets plus other real estate owned to assets
2.22%Noncurrent loans to loans
3.15%Net loans and leases to deposits
61.61%Net loans and leases to core deposits
63.54%Equity capital to assets
8.13%Core capital (leverage) ratio
8.94%Tier 1 risk-based capital ratio
13.52%Total risk-based capital ratio
Memoranda
$15Average assets
$79,101Average earning assets
$6,896Average equity
$73,680Average loans

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