Rio Blanco State Bank in Rangely, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 02, 1997

Rio Blanco State Bank in Rangely, Colorado (CO)
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Rio Blanco State Bank - Overview

General
FDIC Certificate #: 24484
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: First National Bank of the Rockies (#3041)
Federal Reserve ID: 529752
Date Established: May 16, 1983
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 17016
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: May 16, 1983
Last Structure Change Effective Date: May 02, 1997
Last Structure Change Process Date: May 12, 1997
Last Data Update: May 12, 1997
Data Source Date: April 05, 2012
Location
Address: 206 East Main, Rangely, CO 81648
County: Rio Blanco
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
Financial Summary
Total assets: $13.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$13,118Cash and due from depository institutions
$567Interest-bearing balances
$0Securities
$5,240Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$6,660Loan loss allowance
$96Trading account assets
$0Bank premises and fixed assets
$330Other real estate owned
$118Goodwill and other intangibles
$203Life insurance assets
$0All other assets
$0Total liabilities and capital
$13,118Total liabilities
$12,080Total deposits
$11,708Interest-bearing deposits
$9,903Deposits held in domestic offices
11708.00%% insured (estimated)
$79Federal funds purchased & repurchase agreements
$325Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$47Total equity capital
$47Total bank equity capital
$1,038Perpetual preferred stock
$0Common stock
$734Surplus
$16Undivided profits
Memoranda
$288Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$75Income earned, not collected on loans
$75Earning assets
$11,900Long-term assets (5+ years)
$797Average Assets, year-to-date
$12,637Average Assets, quarterly
$13,650Volatile liabilities
$4,314Insider loans
$331FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$776Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,038Total risk weighted assets
$6,634Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$1,040Total interest expense
$434Net interest income
$606Provision for loan and lease losses
$12Total noninterest income
$158Fiduciary activities
$0Service charges on deposit accounts
$123Trading account gains & fees
$0Additional noninterest income
$35Total noninterest expense
$578Salaries and employee benefits
$268Premises and equipment expense
$100Additional noninterest expense
$210Pre-tax net operating income
$174Securities gains (losses)
$0Applicable income taxes
$55Income before extraordinary items
$119Extraordinary gains - net
$0Net income attributable to bank
$119Net charge-offs
$17Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.13%Cost of funding earning assets
3.81%Net interest margin
5.32%Noninterest income to earning assets
1.39%Noninterest expense to earning assets
5.08%Net operating income to assets
0.94%Return on assets (ROA)
0.94%Pretax return on assets
1.38%Return on equity (ROE)
11.89%Retained earnings to average equity (YTD only)
11.89%Net charge-offs to loans
0.26%Credit loss provision to net charge-offs
70.59%Efficiency ratio
75,654Assets per employee
1.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.42%Loss allowance to noncurrent loans
128.00%Noncurrent assets plus other real estate owned to assets
1.47%Noncurrent loans to loans
1.11%Net loans and leases to deposits
56.88%Net loans and leases to core deposits
86.28%Equity capital to assets
7.91%Core capital (leverage) ratio
7.46%Tier 1 risk-based capital ratio
15.65%Total risk-based capital ratio
Memoranda
$17Average assets
$12,637Average earning assets
$1,001Average equity
$11,386Average loans

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