FDIC Certificate #: 23147 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community First National Bank (#14297) Federal Reserve ID: 293259 Date Established: July 02, 1980 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 16217 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: July 02, 1980 Last Structure Change Effective Date: July 01, 1998 Last Structure Change Process Date: July 22, 1998 Last Data Update: July 22, 1998 Data Source Date: April 05, 2012
Location
Address: 1520 East Mulberry Street, Fort Collins, CO 80524 County: Larimer Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Kansas City FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Fort Collins-Loveland, CO (#2670) Core Based Statistical Area (CBSA): Fort Collins-Loveland, CO (#22660) CBSA Metro Statistical Area: Fort Collins-Loveland, CO (#22660)
Financial Summary
Total assets: $43.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
21Total employees (full-time equivalent)
$41,798Total assets
$2,548Cash and due from depository institutions
$0Interest-bearing balances
$11,121Securities
$1,400Federal funds sold & reverse repurchase agreements
$25,572Net loans & leases
$248Loan loss allowance
$0Trading account assets
$554Bank premises and fixed assets
$0Other real estate owned
$152Goodwill and other intangibles
$0Life insurance assets
$451All other assets
$41,798Total liabilities and capital
$39,234Total liabilities
$38,651Total deposits
$31,346Interest-bearing deposits
$38,651Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$482Other borrowed funds
$0Subordinated debt
$101All other liabilities
$2,564Total equity capital
$2,564Total bank equity capital
$2,564Perpetual preferred stock
$0Common stock
$650Surplus
$656Undivided profits
Memoranda
$1,258Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$188Earning assets
$0Long-term assets (5+ years)
$143Average Assets, year-to-date
$38,093Average Assets, quarterly
$10,506Volatile liabilities
$34,866Insider loans
$39,982FHLB advances
$9,419Loans and leases held for sale
$421Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$462Total risk weighted assets
$4,924Total unused commitments
$0Restructured Loans and leases
$29,501Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,883Total interest income
$1,286Total interest expense
$1,597Net interest income
$74Provision for loan and lease losses
$264Total noninterest income
$0Fiduciary activities
$205Service charges on deposit accounts
$0Trading account gains & fees
$59Additional noninterest income
$1,306Total noninterest expense
$639Salaries and employee benefits
$205Premises and equipment expense
$462Additional noninterest expense
$481Pre-tax net operating income
$3Securities gains (losses)
$151Applicable income taxes
$333Income before extraordinary items
$0Extraordinary gains - net
$333Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$63Sale, conversion, retirement of capital stock, net
$80Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.10%Yield on earning assets
4.06%Cost of funding earning assets
5.04%Net interest margin
0.83%Noninterest income to earning assets
4.12%Noninterest expense to earning assets
0.95%Net operating income to assets
0.96%Return on assets (ROA)
1.39%Pretax return on assets
13.62%Return on equity (ROE)
10.35%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
117.46%Credit loss provision to net charge-offs
8.81%Efficiency ratio
69,425Assets per employee
1.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
24.02%Loss allowance to loans
0.96%Loss allowance to noncurrent loans
131.91%Noncurrent assets plus other real estate owned to assets
0.45%Noncurrent loans to loans
0.73%Net loans and leases to deposits
66.16%Net loans and leases to core deposits
86.06%Equity capital to assets
6.13%Core capital (leverage) ratio
6.00%Tier 1 risk-based capital ratio
8.02%Total risk-based capital ratio
Memoranda
$9Average assets
$34,866Average earning assets
$2,445Average equity
$31,694Average loans
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