Southwest State Bank in Denver, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 19, 1996

  • Southwest State Bank in Denver, Colorado (CO)
  • Show street view No street view available for this location

Southwest State Bank - Overview

  • General
  • FDIC Certificate #: 18348
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Vectra Bank (#22656)
    Federal Reserve ID: 36157
    Date Established: Febuary 06, 1961
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 12262
    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: Febuary 06, 1961
    Last Structure Change Effective Date: June 19, 1996
    Last Structure Change Process Date: July 24, 1996
    Last Data Update: July 24, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 1380 South Federal Boulevard, Denver, CO 80219
    County: Denver
    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): Denver, CO (#2080)
    Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
    Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
    Core Based Statistical Area (CBSA): Denver-Aurora-Broomfield, CO (#19740)
    CBSA Metro Statistical Area: Denver-Aurora-Broomfield, CO (#19740)
  • Financial Summary
  • Total assets: $110.8 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)
  • $72Total assets
  • $113,545Cash and due from depository institutions
  • $8,444Interest-bearing balances
  • $1,667Securities
  • $18,594Federal funds sold & reverse repurchase agreements
  • $8,000Net loans & leases
  • $76,291Loan loss allowance
  • $933Trading account assets
  • $0Bank premises and fixed assets
  • $946Other real estate owned
  • $307Goodwill and other intangibles
  • $963Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $113,545Total liabilities
  • $99,927Total deposits
  • $99,643Interest-bearing deposits
  • $74,977Deposits held in domestic offices
  • 99643.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $284Total equity capital
  • $284Total bank equity capital
  • $13,618Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $2,500Undivided profits
  • Memoranda
  • $9,618Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $578Income earned, not collected on loans
  • $492Earning assets
  • $104,552Long-term assets (5+ years)
  • $6,190Average Assets, year-to-date
  • $112,125Average Assets, quarterly
  • $111,546Volatile liabilities
  • $11,923Insider loans
  • $69FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $13,212Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,615Total risk weighted assets
  • $82,419Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,469Total interest expense
  • $2,754Net interest income
  • $6,715Provision for loan and lease losses
  • $135Total noninterest income
  • $1,158Fiduciary activities
  • $0Service charges on deposit accounts
  • $700Trading account gains & fees
  • $0Additional noninterest income
  • $458Total noninterest expense
  • $4,700Salaries and employee benefits
  • $2,247Premises and equipment expense
  • $628Additional noninterest expense
  • $1,825Pre-tax net operating income
  • $3,038Securities gains (losses)
  • $0Applicable income taxes
  • $1,068Income before extraordinary items
  • $1,970Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,970Net charge-offs
  • $221Cash dividends
  • $0Sale, 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
  • 9.19%Cost of funding earning assets
  • 2.67%Net interest margin
  • 6.52%Noninterest income to earning assets
  • 1.12%Noninterest expense to earning assets
  • 4.56%Net operating income to assets
  • 1.76%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 2.71%Return on equity (ROE)
  • 15.60%Retained earnings to average equity (YTD only)
  • 15.60%Net charge-offs to loans
  • 0.29%Credit loss provision to net charge-offs
  • 61.09%Efficiency ratio
  • 59,698Assets per employee
  • 1.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 161.42%Noncurrent assets plus other real estate owned to assets
  • 0.78%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 76.56%Net loans and leases to core deposits
  • 86.97%Equity capital to assets
  • 11.99%Core capital (leverage) ratio
  • 12.12%Tier 1 risk-based capital ratio
  • 16.52%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $112,125Average earning assets
  • $12,625Average equity
  • $103,053Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Southwest State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents