Greenhorn Valley Bank in Colorado City, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 14, 1997

Greenhorn Valley Bank in Colorado City, Colorado (CO)
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Greenhorn Valley Bank - Overview

General
FDIC Certificate #: 22468
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Canon National Bank (#21801)
Federal Reserve ID: 629559
Date Established: May 31, 1977
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 15663
Numeric code: 13
Regulator: FED
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: May 31, 1977
Last Structure Change Effective Date: July 14, 1997
Last Structure Change Process Date: August 18, 1997
Last Data Update: August 18, 1997
Data Source Date: April 05, 2012
Location
Address: One North Parkway, Colorado City, CO 81019
County: Pueblo
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): Pueblo, CO (#6560)
Core Based Statistical Area (CBSA): Pueblo, CO (#39380)
CBSA Metro Statistical Area: Pueblo, CO (#39380)
Financial Summary
Total assets: $11.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$10,658Cash and due from depository institutions
$623Interest-bearing balances
$0Securities
$1,606Federal funds sold & reverse repurchase agreements
$1,150Net loans & leases
$6,738Loan loss allowance
$70Trading account assets
$0Bank premises and fixed assets
$396Other real estate owned
$26Goodwill and other intangibles
$119Life insurance assets
$0All other assets
$0Total liabilities and capital
$10,658Total liabilities
$9,823Total deposits
$9,742Interest-bearing deposits
$7,808Deposits held in domestic offices
9742.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$81Total equity capital
$81Total bank equity capital
$835Perpetual preferred stock
$0Common stock
$308Surplus
$143Undivided profits
Memoranda
$384Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$12Income earned, not collected on loans
$88Earning assets
$9,494Long-term assets (5+ years)
$1,225Average Assets, year-to-date
$10,188Average Assets, quarterly
$10,678Volatile liabilities
$413Insider loans
$85FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$268Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$837Total risk weighted assets
$6,776Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$857Total interest expense
$321Net interest income
$536Provision for loan and lease losses
$66Total noninterest income
$125Fiduciary activities
$0Service charges on deposit accounts
$92Trading account gains & fees
$0Additional noninterest income
$33Total noninterest expense
$459Salaries and employee benefits
$227Premises and equipment expense
$56Additional noninterest expense
$176Pre-tax net operating income
$136Securities gains (losses)
$0Applicable income taxes
$44Income before extraordinary items
$92Extraordinary gains - net
$0Net income attributable to bank
$92Net charge-offs
$58Cash dividends
$19Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.60%Cost of funding earning assets
3.59%Net interest margin
6.00%Noninterest income to earning assets
1.40%Noninterest expense to earning assets
5.14%Net operating income to assets
0.90%Return on assets (ROA)
0.90%Pretax return on assets
1.33%Return on equity (ROE)
11.40%Retained earnings to average equity (YTD only)
9.04%Net charge-offs to loans
0.88%Credit loss provision to net charge-offs
113.79%Efficiency ratio
69,440Assets per employee
1.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
20.65%Loss allowance to loans
1.03%Loss allowance to noncurrent loans
583.33%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
0.18%Net loans and leases to deposits
69.16%Net loans and leases to core deposits
72.23%Equity capital to assets
7.83%Core capital (leverage) ratio
7.72%Tier 1 risk-based capital ratio
12.35%Total risk-based capital ratio
Memoranda
$13Average assets
$10,188Average earning assets
$807Average equity
$8,931Average loans

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