FDIC Certificate #: 90666 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First State Bank (#15586) Federal Reserve ID: 641551 Date Established: July 01, 1976 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 13607 FDIC's unique #: 18115 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: November 16, 1987 Last Structure Change Effective Date: April 26, 2004 Last Structure Change Process Date: April 27, 2004 Last Data Update: April 27, 2004 Data Source Date: April 05, 2012
Location
Address: 1776 South Nevada Avenue, Colorado Springs, CO 80906 County: El Paso Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Kansas City FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Colorado Springs, CO (#1720) Core Based Statistical Area (CBSA): Colorado Springs, CO (#17820) CBSA Metro Statistical Area: Colorado Springs, CO (#17820)
Financial Summary
Total assets: $14.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
9Total employees (full-time equivalent)
$14,410Total assets
$3,034Cash and due from depository institutions
$2,464Interest-bearing balances
$1,585Securities
$55Federal funds sold & reverse repurchase agreements
$9,158Net loans & leases
$243Loan loss allowance
$0Trading account assets
$406Bank premises and fixed assets
$0Other real estate owned
$19Goodwill and other intangibles
$0Life insurance assets
$153All other assets
$14,410Total liabilities and capital
$12,716Total liabilities
$12,254Total deposits
$9,421Interest-bearing deposits
$12,254Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$400Other borrowed funds
$0Subordinated debt
$62All other liabilities
$1,694Total equity capital
$1,694Total bank equity capital
$1,694Perpetual preferred stock
$0Common stock
$200Surplus
$711Undivided profits
Memoranda
$783Noncurrent loans and leases
$658Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$245Earning assets
$0Long-term assets (5+ years)
$73Average Assets, year-to-date
$13,262Average Assets, quarterly
$8Volatile liabilities
$15,135Insider loans
$14,888FHLB advances
$2,861Loans and leases held for sale
$93Unused loan commitments
$400Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$658Total unused commitments
$0Restructured Loans and leases
$144Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$819Total interest income
$210Total interest expense
$609Net interest income
$60Provision for loan and lease losses
$602Total noninterest income
$0Fiduciary activities
$58Service charges on deposit accounts
$0Trading account gains & fees
$544Additional noninterest income
$1,103Total noninterest expense
$752Salaries and employee benefits
$116Premises and equipment expense
$235Additional noninterest expense
$48Pre-tax net operating income
$0Securities gains (losses)
$8Applicable income taxes
$40Income before extraordinary items
$0Extraordinary gains - net
$40Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$54Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.91%Yield on earning assets
1.52%Cost of funding earning assets
4.40%Net interest margin
4.35%Noninterest income to earning assets
7.96%Noninterest expense to earning assets
0.26%Net operating income to assets
0.26%Return on assets (ROA)
0.32%Pretax return on assets
2.37%Return on equity (ROE)
2.37%Retained earnings to average equity (YTD only)
0.54%Net charge-offs to loans
111.11%Credit loss provision to net charge-offs
2.00%Efficiency ratio
91,082Assets per employee
1.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.58%Loss allowance to noncurrent loans
99.18%Noncurrent assets plus other real estate owned to assets
1.70%Noncurrent loans to loans
2.61%Net loans and leases to deposits
74.73%Net loans and leases to core deposits
97.50%Equity capital to assets
11.76%Core capital (leverage) ratio
11.02%Tier 1 risk-based capital ratio
14.43%Total risk-based capital ratio
Memoranda
$16Average assets
$15,135Average earning assets
$1,686Average equity
$13,849Average loans
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