FDIC Certificate #: 22909 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Vectra Bank Colorado, National Association (#2993) Federal Reserve ID: 942557 Date Established: July 23, 1979 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 5 (Interstate: No) OTS Docket #: 9210 FDIC's unique #: 16016 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: July 23, 1979 Last Structure Change Effective Date: September 11, 1998 Last Structure Change Process Date: September 24, 1998 Last Data Update: September 24, 1998 Data Source Date: April 05, 2012
Location
Address: 534 East Hyman, Aspen, CO 81611 County: Pitkin 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
Financial Summary
Total assets: $197.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
58Total employees (full-time equivalent)
$180,577Total assets
$10,397Cash and due from depository institutions
$42Interest-bearing balances
$23,779Securities
$8,750Federal funds sold & reverse repurchase agreements
$113,887Net loans & leases
$1,437Loan loss allowance
$0Trading account assets
$3,386Bank premises and fixed assets
$0Other real estate owned
$18,233Goodwill and other intangibles
$0Life insurance assets
$2,145All other assets
$180,577Total liabilities and capital
$148,894Total liabilities
$146,595Total deposits
$116,612Interest-bearing deposits
$146,595Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,299All other liabilities
$31,683Total equity capital
$31,683Total bank equity capital
$31,683Perpetual preferred stock
$0Common stock
$650Surplus
$29,167Undivided profits
Memoranda
$1,866Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$45Earning assets
$0Long-term assets (5+ years)
$754Average Assets, year-to-date
$146,458Average Assets, quarterly
$22,610Volatile liabilities
$169,436Insider loans
$175,446FHLB advances
$22,633Loans and leases held for sale
$1,047Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,412Total risk weighted assets
$15,756Total unused commitments
$0Restructured Loans and leases
$117,384Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$8,748Total interest income
$3,026Total interest expense
$5,722Net interest income
-$20Provision for loan and lease losses
$657Total noninterest income
$0Fiduciary activities
$288Service charges on deposit accounts
$0Trading account gains & fees
$369Additional noninterest income
$3,386Total noninterest expense
$1,870Salaries and employee benefits
$369Premises and equipment expense
$1,147Additional noninterest expense
$3,013Pre-tax net operating income
$135Securities gains (losses)
$1,300Applicable income taxes
$1,848Income before extraordinary items
$0Extraordinary gains - net
$1,848Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$48Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.97%Yield on earning assets
2.06%Cost of funding earning assets
3.90%Net interest margin
0.45%Noninterest income to earning assets
2.31%Noninterest expense to earning assets
1.04%Net operating income to assets
1.09%Return on assets (ROA)
1.86%Pretax return on assets
8.04%Return on equity (ROE)
8.04%Retained earnings to average equity (YTD only)
-0.04%Net charge-offs to loans
41.67%Credit loss provision to net charge-offs
0.00%Efficiency ratio
45,822Assets per employee
3.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
3193.33%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.04%Net loans and leases to deposits
77.69%Net loans and leases to core deposits
91.87%Equity capital to assets
17.55%Core capital (leverage) ratio
8.76%Tier 1 risk-based capital ratio
11.44%Total risk-based capital ratio
Memoranda
$13Average assets
$169,436Average earning assets
$22,979Average equity
$146,652Average loans
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