FirstAmerican Bank, National Association in Colorado Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 21, 1994

  • FirstAmerican Bank, National Association in Colorado Springs, Colorado (CO)
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FirstAmerican Bank, National Association - Overview

  • General
  • FDIC Certificate #: 18087
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Norwest Bank Colorado Springs, National Association (#3005)
    Federal Reserve ID: 966058
    Date Established: October 01, 1959
    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 #: 12009
    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: October 01, 1959
    Last Structure Change Effective Date: March 21, 1994
    Last Structure Change Process Date: April 05, 1994
    Last Data Update: April 05, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 1800 South Nevada Avenue, Colorado Springs, CO 80901
    County: El Paso
    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
    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: $48.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $21Total assets
  • $48,101Cash and due from depository institutions
  • $2,332Interest-bearing balances
  • $0Securities
  • $21,541Federal funds sold & reverse repurchase agreements
  • $3,000Net loans & leases
  • $17,561Loan loss allowance
  • $536Trading account assets
  • $0Bank premises and fixed assets
  • $1,644Other real estate owned
  • $23Goodwill and other intangibles
  • $435Life insurance assets
  • $1,565All other assets
  • $0Total liabilities and capital
  • $48,101Total liabilities
  • $43,608Total deposits
  • $43,506Interest-bearing deposits
  • $36,049Deposits held in domestic offices
  • 43506.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $102Total equity capital
  • $102Total bank equity capital
  • $4,493Perpetual preferred stock
  • $0Common stock
  • $1,300Surplus
  • $2,958Undivided profits
  • Memoranda
  • $235Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $339Income earned, not collected on loans
  • $95Earning assets
  • $42,102Long-term assets (5+ years)
  • $10,602Average Assets, year-to-date
  • $46,773Average Assets, quarterly
  • $47,305Volatile liabilities
  • $1,024Insider loans
  • $15FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,767Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,871Total risk weighted assets
  • $23,757Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,661Total interest expense
  • $1,052Net interest income
  • $1,609Provision for loan and lease losses
  • $198Total noninterest income
  • $415Fiduciary activities
  • $0Service charges on deposit accounts
  • $348Trading account gains & fees
  • $0Additional noninterest income
  • $67Total noninterest expense
  • $1,777Salaries and employee benefits
  • $861Premises and equipment expense
  • $204Additional noninterest expense
  • $712Pre-tax net operating income
  • $49Securities gains (losses)
  • $0Applicable income taxes
  • $15Income before extraordinary items
  • $34Extraordinary gains - net
  • $0Net income attributable to bank
  • $34Net charge-offs
  • $34Cash dividends
  • $200Sale, 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
  • 6.41%Cost of funding earning assets
  • 2.53%Net interest margin
  • 3.88%Noninterest income to earning assets
  • 1.00%Noninterest expense to earning assets
  • 4.28%Net operating income to assets
  • 0.07%Return on assets (ROA)
  • 0.07%Pretax return on assets
  • 0.10%Return on equity (ROE)
  • 1.01%Retained earnings to average equity (YTD only)
  • -4.91%Net charge-offs to loans
  • 0.16%Credit loss provision to net charge-offs
  • 582.35%Efficiency ratio
  • 83,745Assets per employee
  • 2.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 588.24%Loss allowance to loans
  • 2.96%Loss allowance to noncurrent loans
  • 158.11%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 1.87%Net loans and leases to deposits
  • 40.36%Net loans and leases to core deposits
  • 41.34%Equity capital to assets
  • 9.34%Core capital (leverage) ratio
  • 6.16%Tier 1 risk-based capital ratio
  • 12.08%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $46,773Average earning assets
  • $3,383Average equity
  • $41,510Average loans

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