FDIC Certificate #: 3000 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wells Fargo Bank, National Association (#3511) Federal Reserve ID: 625355 Date Established: August 06, 1874 WWW:http://www.fremontbank.net Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) FDIC's unique #: 1900 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 23, 2006 Last Structure Change Process Date: October 13, 2006 Last Data Update: October 13, 2006 Data Source Date: April 05, 2012
Location
Address: 532 Main Street, Canon City, CO 81212 County: Fremont Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: San Francisco FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Ca?on City, CO (#15860) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $153.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
66Total employees (full-time equivalent)
$143,707Total assets
$4,268Cash and due from depository institutions
$2,602Interest-bearing balances
$38,280Securities
$12,590Federal funds sold & reverse repurchase agreements
$83,968Net loans & leases
$1,456Loan loss allowance
$0Trading account assets
$1,999Bank premises and fixed assets
$416Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,186All other assets
$143,707Total liabilities and capital
$129,012Total liabilities
$128,468Total deposits
$108,044Interest-bearing deposits
$128,468Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$544All other liabilities
$14,695Total equity capital
$14,695Total bank equity capital
$14,695Perpetual preferred stock
$0Common stock
$200Surplus
$1,000Undivided profits
Memoranda
$13,495Noncurrent loans and leases
$15,163Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$88Earning assets
$0Long-term assets (5+ years)
$951Average Assets, year-to-date
$137,440Average Assets, quarterly
$14,576Volatile liabilities
$137,688Insider loans
$141,426FHLB advances
$17,016Loans and leases held for sale
$12Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$15,163Total unused commitments
$0Restructured Loans and leases
$1,174Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$8,365Total interest income
$1,991Total interest expense
$6,374Net interest income
$115Provision for loan and lease losses
$755Total noninterest income
$0Fiduciary activities
$483Service charges on deposit accounts
$0Trading account gains & fees
$272Additional noninterest income
$4,517Total noninterest expense
$2,599Salaries and employee benefits
$651Premises and equipment expense
$1,267Additional noninterest expense
$2,497Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
$2,495Income before extraordinary items
$0Extraordinary gains - net
$2,495Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$59Sale, conversion, retirement of capital stock, net
$2,300Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.33%Yield on earning assets
1.51%Cost of funding earning assets
4.82%Net interest margin
0.57%Noninterest income to earning assets
3.42%Noninterest expense to earning assets
1.81%Net operating income to assets
1.81%Return on assets (ROA)
1.81%Pretax return on assets
16.94%Return on equity (ROE)
1.32%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
194.92%Credit loss provision to net charge-offs
44.27%Efficiency ratio
63,361Assets per employee
2.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
92.18%Loss allowance to loans
1.70%Loss allowance to noncurrent loans
1654.55%Noncurrent assets plus other real estate owned to assets
0.35%Noncurrent loans to loans
0.10%Net loans and leases to deposits
65.36%Net loans and leases to core deposits
75.34%Equity capital to assets
10.23%Core capital (leverage) ratio
10.65%Tier 1 risk-based capital ratio
15.97%Total risk-based capital ratio
Memoranda
$17Average assets
$137,688Average earning assets
$14,727Average equity
$132,107Average loans
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