FDIC Certificate #: 57835 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Points West Community Bank (#3031) Federal Reserve ID: 3264782 Date Established: December 01, 2004 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 427713 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: December 01, 2004 Last Structure Change Effective Date: July 08, 2011 Last Structure Change Process Date: July 11, 2011 Last Data Update: July 11, 2011 Data Source Date: April 05, 2012
Location
Address: 355 Eastman Park Drive, Windsor, CO 80550 County: Weld 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 Metropolitan Statistical Area (MSA): Greeley, CO (#3060) Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34) Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216) Core Based Statistical Area (CBSA): Greeley, CO (#24540) CBSA Metro Statistical Area: Greeley, CO (#24540)
Financial Summary
Total assets: $62.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
16Total employees (full-time equivalent)
$72,664Total assets
$6,743Cash and due from depository institutions
$6,005Interest-bearing balances
$2,606Securities
$1,475Federal funds sold & reverse repurchase agreements
$50,424Net loans & leases
$2,203Loan loss allowance
$0Trading account assets
$3,554Bank premises and fixed assets
$7,116Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$746All other assets
$72,664Total liabilities and capital
$69,338Total liabilities
$68,650Total deposits
$64,205Interest-bearing deposits
$68,650Deposits held in domestic offices
97.36%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$500Other borrowed funds
$0Subordinated debt
$188All other liabilities
$3,326Total equity capital
$3,326Total bank equity capital
$3,326Perpetual preferred stock
$0Common stock
$5,430Surplus
$2,250Undivided profits
Memoranda
$-4,354Noncurrent loans and leases
$5,036Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,600Earning assets
$0Long-term assets (5+ years)
$162Average Assets, year-to-date
$60,510Average Assets, quarterly
$2,097Volatile liabilities
$76,307Insider loans
$71,775FHLB advances
$29,269Loans and leases held for sale
$862Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,036Total unused commitments
$2,630Restructured Loans and leases
$748Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$3,420Total interest income
$1,159Total interest expense
$2,261Net interest income
$973Provision for loan and lease losses
$252Total noninterest income
$0Fiduciary activities
$130Service charges on deposit accounts
$0Trading account gains & fees
$122Additional noninterest income
$2,380Total noninterest expense
$1,013Salaries and employee benefits
$271Premises and equipment expense
$1,096Additional noninterest expense
-$840Pre-tax net operating income
$69Securities gains (losses)
$0Applicable income taxes
-$771Income before extraordinary items
$0Extraordinary gains - net
-$771Net income attributable to bank
$0Net charge-offs
-$771Cash dividends
$2,613Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.30%Yield on earning assets
1.80%Cost of funding earning assets
3.50%Net interest margin
0.39%Noninterest income to earning assets
3.69%Noninterest expense to earning assets
-1.10%Net operating income to assets
-1.01%Return on assets (ROA)
-1.01%Pretax return on assets
-19.84%Return on equity (ROE)
-19.84%Retained earnings to average equity (YTD only)
4.51%Net charge-offs to loans
37.24%Credit loss provision to net charge-offs
0.05%Efficiency ratio
94,708Assets per employee
4.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.19%Loss allowance to noncurrent loans
84.73%Noncurrent assets plus other real estate owned to assets
13.37%Noncurrent loans to loans
4.94%Net loans and leases to deposits
73.45%Net loans and leases to core deposits
126.44%Equity capital to assets
4.58%Core capital (leverage) ratio
4.52%Tier 1 risk-based capital ratio
5.59%Total risk-based capital ratio
Memoranda
$7Average assets
$76,307Average earning assets
$3,885Average equity
$64,539Average loans
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