FDIC Certificate #: 22938 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Vectra Bank Colorado, National Association (#2993) Federal Reserve ID: 383954 Date Established: September 04, 1979 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 13356 FDIC's unique #: 16045 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: September 04, 1979 Last Structure Change Effective Date: August 28, 1998 Last Structure Change Process Date: September 14, 1998 Last Data Update: September 14, 1998 Data Source Date: April 05, 2012
Location
Address: 227 First Street, Kersey, CO 80644 County: Weld 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): Greeley, CO (#3060) Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34) Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216) Core Based Statistical Area (CBSA): Greeley, CO (#24540) CBSA Metro Statistical Area: Greeley, CO (#24540)
Financial Summary
Total assets: $150.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
76Total employees (full-time equivalent)
$135,486Total assets
$4,100Cash and due from depository institutions
$74Interest-bearing balances
$12,995Securities
$6,425Federal funds sold & reverse repurchase agreements
$105,182Net loans & leases
$1,836Loan loss allowance
$0Trading account assets
$3,428Bank premises and fixed assets
$28Other real estate owned
$297Goodwill and other intangibles
$0Life insurance assets
$3,031All other assets
$135,486Total liabilities and capital
$125,741Total liabilities
$124,912Total deposits
$109,483Interest-bearing deposits
$124,912Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$829All other liabilities
$9,745Total equity capital
$9,745Total bank equity capital
$9,745Perpetual preferred stock
$0Common stock
$684Surplus
$4,319Undivided profits
Memoranda
$4,742Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$905Earning assets
$0Long-term assets (5+ years)
$2,132Average Assets, year-to-date
$124,676Average Assets, quarterly
$11,767Volatile liabilities
$124,321Insider loans
$135,277FHLB advances
$17,969Loans and leases held for sale
$787Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,466Total unused commitments
$0Restructured Loans and leases
$111,248Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$12,731Total interest income
$5,677Total interest expense
$7,054Net interest income
$1,315Provision for loan and lease losses
$1,370Total noninterest income
$0Fiduciary activities
$863Service charges on deposit accounts
$0Trading account gains & fees
$507Additional noninterest income
$5,282Total noninterest expense
$2,621Salaries and employee benefits
$802Premises and equipment expense
$1,859Additional noninterest expense
$1,827Pre-tax net operating income
$0Securities gains (losses)
$654Applicable income taxes
$1,173Income before extraordinary items
$0Extraordinary gains - net
$1,173Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$375Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
11.19%Yield on earning assets
4.99%Cost of funding earning assets
6.20%Net interest margin
1.20%Noninterest income to earning assets
4.64%Noninterest expense to earning assets
0.94%Net operating income to assets
0.94%Return on assets (ROA)
1.47%Pretax return on assets
13.93%Return on equity (ROE)
13.93%Retained earnings to average equity (YTD only)
0.37%Net charge-offs to loans
350.67%Credit loss provision to net charge-offs
8.38%Efficiency ratio
61,681Assets per employee
1.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.72%Loss allowance to noncurrent loans
202.87%Noncurrent assets plus other real estate owned to assets
0.69%Noncurrent loans to loans
0.85%Net loans and leases to deposits
84.20%Net loans and leases to core deposits
98.35%Equity capital to assets
7.19%Core capital (leverage) ratio
6.92%Tier 1 risk-based capital ratio
8.47%Total risk-based capital ratio
Memoranda
$10Average assets
$124,321Average earning assets
$8,422Average equity
$113,774Average loans
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