FDIC Certificate #: 16124 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Points West Community Bank (#3031) Federal Reserve ID: 272357 Date Established: Febuary 19, 1944 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 10339 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: Febuary 19, 1944 Last Structure Change Effective Date: March 22, 2004 Last Structure Change Process Date: April 20, 2004 Last Data Update: April 20, 2004 Data Source Date: April 05, 2012
Location
Address: 128 South Colorado Avenue, Haxtun, CO 80731 County: Phillips 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
Financial Summary
Total assets: $23.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$23,187Total assets
$1,050Cash and due from depository institutions
$0Interest-bearing balances
$2,714Securities
$200Federal funds sold & reverse repurchase agreements
$18,175Net loans & leases
$383Loan loss allowance
$0Trading account assets
$125Bank premises and fixed assets
$0Other real estate owned
$460Goodwill and other intangibles
$0Life insurance assets
$463All other assets
$23,187Total liabilities and capital
$20,938Total liabilities
$20,846Total deposits
$17,167Interest-bearing deposits
$20,846Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$35Other borrowed funds
$0Subordinated debt
$57All other liabilities
$2,249Total equity capital
$2,249Total bank equity capital
$2,249Perpetual preferred stock
$0Common stock
$257Surplus
$1,943Undivided profits
Memoranda
$49Noncurrent loans and leases
$2,685Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$78Earning assets
$0Long-term assets (5+ years)
$373Average Assets, year-to-date
$21,089Average Assets, quarterly
$2,068Volatile liabilities
$24,862Insider loans
$23,898FHLB advances
$2,251Loans and leases held for sale
$901Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,685Total unused commitments
$0Restructured Loans and leases
$250Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$205Total interest income
$42Total interest expense
$163Net interest income
$0Provision for loan and lease losses
$13Total noninterest income
$0Fiduciary activities
$11Service charges on deposit accounts
$0Trading account gains & fees
$2Additional noninterest income
$105Total noninterest expense
$53Salaries and employee benefits
$7Premises and equipment expense
$45Additional noninterest expense
$71Pre-tax net operating income
$0Securities gains (losses)
$20Applicable income taxes
$51Income before extraordinary items
$0Extraordinary gains - net
$51Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4Sale, conversion, retirement of capital stock, net
$1,100Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.89%Yield on earning assets
0.18%Cost of funding earning assets
0.71%Net interest margin
0.06%Noninterest income to earning assets
0.46%Noninterest expense to earning assets
0.21%Net operating income to assets
0.21%Return on assets (ROA)
0.29%Pretax return on assets
1.80%Return on equity (ROE)
-37.11%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
17.75%Efficiency ratio
53,977Assets per employee
2.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
2156.86%Loss allowance to loans
2.06%Loss allowance to noncurrent loans
491.03%Noncurrent assets plus other real estate owned to assets
0.34%Noncurrent loans to loans
0.42%Net loans and leases to deposits
87.19%Net loans and leases to core deposits
97.56%Equity capital to assets
9.70%Core capital (leverage) ratio
7.43%Tier 1 risk-based capital ratio
8.99%Total risk-based capital ratio
Memoranda
$10Average assets
$24,862Average earning assets
$2,827Average equity
$23,005Average loans
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