FDIC Certificate #: 3016 Status: Inactive Closing history: Consolidated - Without Assistance Acquiring institution:Wells Fargo Bank West, National Association (#3011) Federal Reserve ID: 79556 Date Established: Febuary 01, 1908 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 12425 FDIC's unique #: 1914 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: January 01, 1934 Last Structure Change Effective Date: November 09, 1998 Last Structure Change Process Date: January 27, 1999 Last Data Update: January 27, 1999 Data Source Date: April 05, 2012
Location
Address: 246 Broadway, Eagle, CO 81631 County: Eagle 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): Edwards, CO (#20780) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $88.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
45Total employees (full-time equivalent)
$82,407Total assets
$4,444Cash and due from depository institutions
$251Interest-bearing balances
$3,387Securities
$3,200Federal funds sold & reverse repurchase agreements
$66,784Net loans & leases
$622Loan loss allowance
$0Trading account assets
$3,694Bank premises and fixed assets
$0Other real estate owned
$18Goodwill and other intangibles
$0Life insurance assets
$880All other assets
$82,407Total liabilities and capital
$76,430Total liabilities
$75,535Total deposits
$61,163Interest-bearing deposits
$75,535Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$895All other liabilities
$5,977Total equity capital
$5,977Total bank equity capital
$5,977Perpetual preferred stock
$0Common stock
$900Surplus
$2,617Undivided profits
Memoranda
$2,460Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$25Earning assets
$0Long-term assets (5+ years)
$573Average Assets, year-to-date
$73,622Average Assets, quarterly
$6,891Volatile liabilities
$76,728Insider loans
$79,803FHLB advances
$20,520Loans and leases held for sale
$51Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,571Total risk weighted assets
$8,935Total unused commitments
$0Restructured Loans and leases
$70,073Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$6,965Total interest income
$2,277Total interest expense
$4,688Net interest income
$131Provision for loan and lease losses
$1,039Total noninterest income
$0Fiduciary activities
$561Service charges on deposit accounts
$0Trading account gains & fees
$478Additional noninterest income
$3,823Total noninterest expense
$1,949Salaries and employee benefits
$479Premises and equipment expense
$1,395Additional noninterest expense
$1,773Pre-tax net operating income
$37Securities gains (losses)
$661Applicable income taxes
$1,149Income before extraordinary items
$0Extraordinary gains - net
$1,149Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$33Sale, conversion, retirement of capital stock, net
$725Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.31%Yield on earning assets
3.37%Cost of funding earning assets
6.94%Net interest margin
1.54%Noninterest income to earning assets
5.66%Noninterest expense to earning assets
1.47%Net operating income to assets
1.50%Return on assets (ROA)
2.36%Pretax return on assets
22.18%Return on equity (ROE)
8.18%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
396.97%Credit loss provision to net charge-offs
57.70%Efficiency ratio
66,440Assets per employee
1.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.10%Loss allowance to loans
0.92%Loss allowance to noncurrent loans
2488.00%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.04%Net loans and leases to deposits
88.41%Net loans and leases to core deposits
121.39%Equity capital to assets
7.25%Core capital (leverage) ratio
7.34%Tier 1 risk-based capital ratio
8.50%Total risk-based capital ratio
Memoranda
$9Average assets
$76,728Average earning assets
$5,181Average equity
$67,562Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Mountain Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: