Regional Bank of Colorado, National Association in Rifle, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 05, 1996

Regional Bank of Colorado, National Association in Rifle, Colorado (CO)
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Regional Bank of Colorado, National Association - Overview

General
FDIC Certificate #: 23582
Status: Inactive
Closing history: Corrections
Acquiring institution: Wells Fargo Bank West, National Association (#3011)
Federal Reserve ID: 209951
Date Established: November 12, 1981
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 13256
FDIC's unique #: 16515
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: November 12, 1981
Last Structure Change Effective Date: August 05, 1996
Last Structure Change Process Date: August 23, 1996
Last Data Update: September 30, 1999
Data Source Date: April 05, 2012
Location
Address: 1542 Railroad Avenue, Rifle, CO 81650
County: Garfield
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
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $56.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$36Total assets
$57,942Cash and due from depository institutions
$4,014Interest-bearing balances
$7Securities
$12,054Federal funds sold & reverse repurchase agreements
$1,905Net loans & leases
$37,584Loan loss allowance
$528Trading account assets
$0Bank premises and fixed assets
$1,749Other real estate owned
$0Goodwill and other intangibles
$636Life insurance assets
$0All other assets
$0Total liabilities and capital
$57,942Total liabilities
$53,065Total deposits
$52,882Interest-bearing deposits
$40,295Deposits held in domestic offices
52882.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$183Total equity capital
$183Total bank equity capital
$4,877Perpetual preferred stock
$0Common stock
$487Surplus
$487Undivided profits
Memoranda
$3,903Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7Income earned, not collected on loans
$382Earning assets
$51,550Long-term assets (5+ years)
$2,299Average Assets, year-to-date
$53,912Average Assets, quarterly
$58,096Volatile liabilities
$5,774Insider loans
$736FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,062Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,882Total risk weighted assets
$40,808Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$4,582Total interest expense
$1,548Net interest income
$3,034Provision for loan and lease losses
$96Total noninterest income
$615Fiduciary activities
$0Service charges on deposit accounts
$467Trading account gains & fees
$0Additional noninterest income
$148Total noninterest expense
$2,089Salaries and employee benefits
$1,126Premises and equipment expense
$287Additional noninterest expense
$676Pre-tax net operating income
$1,464Securities gains (losses)
$0Applicable income taxes
$484Income before extraordinary items
$980Extraordinary gains - net
$0Net income attributable to bank
$980Net charge-offs
$54Cash dividends
$268Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.43%Cost of funding earning assets
3.19%Net interest margin
6.25%Noninterest income to earning assets
1.27%Noninterest expense to earning assets
4.30%Net operating income to assets
1.82%Return on assets (ROA)
1.82%Pretax return on assets
2.72%Return on equity (ROE)
22.05%Retained earnings to average equity (YTD only)
16.02%Net charge-offs to loans
0.14%Credit loss provision to net charge-offs
177.78%Efficiency ratio
57,249Assets per employee
1.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
27.35%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
7542.86%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.02%Net loans and leases to deposits
71.07%Net loans and leases to core deposits
79.78%Equity capital to assets
8.42%Core capital (leverage) ratio
8.34%Tier 1 risk-based capital ratio
11.96%Total risk-based capital ratio
Memoranda
$13Average assets
$53,912Average earning assets
$4,444Average equity
$48,574Average loans

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