State Bank and Trust of Colorado Springs in Colorado Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 29, 1998

State Bank and Trust of Colorado Springs in Colorado Springs, Colorado (CO)
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State Bank and Trust of Colorado Springs - Overview

General
FDIC Certificate #: 25781
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Vectra Bank Colorado, National Association (#2993)
Federal Reserve ID: 824457
Date Established: November 15, 1984
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
OTS Docket #: 11590
FDIC's unique #: 17644
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: November 15, 1984
Last Structure Change Effective Date: May 29, 1998
Last Structure Change Process Date: June 16, 1998
Last Data Update: June 16, 1998
Data Source Date: April 05, 2012
Location
Address: 111 South Tejon Street, Colorado Springs, CO 80903
County: El Paso
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): Colorado Springs, CO (#1720)
Core Based Statistical Area (CBSA): Colorado Springs, CO (#17820)
CBSA Metro Statistical Area: Colorado Springs, CO (#17820)
Financial Summary
Total assets: $97.4 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
43Total employees (full-time equivalent)
$86,105Total assets
$9,000Cash and due from depository institutions
$8Interest-bearing balances
$16,836Securities
$4,600Federal funds sold & reverse repurchase agreements
$52,973Net loans & leases
$615Loan loss allowance
$0Trading account assets
$1,720Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$976All other assets
$86,105Total liabilities and capital
$80,638Total liabilities
$77,974Total deposits
$43,618Interest-bearing deposits
$77,974Deposits held in domestic offices
0.00%% insured (estimated)
$2,474Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$190All other liabilities
$5,467Total equity capital
$5,467Total bank equity capital
$5,467Perpetual preferred stock
$0Common stock
$1,200Surplus
$1,200Undivided profits
Memoranda
$3,067Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$311Earning assets
$0Long-term assets (5+ years)
$367Average Assets, year-to-date
$74,417Average Assets, quarterly
$10,798Volatile liabilities
$79,535Insider loans
$87,026FHLB advances
$6,024Loans and leases held for sale
$266Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,100Total unused commitments
$0Restructured Loans and leases
$59,986Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$6,143Total interest income
$1,582Total interest expense
$4,561Net interest income
$120Provision for loan and lease losses
$606Total noninterest income
$0Fiduciary activities
$226Service charges on deposit accounts
$0Trading account gains & fees
$380Additional noninterest income
$2,831Total noninterest expense
$1,372Salaries and employee benefits
$589Premises and equipment expense
$870Additional noninterest expense
$2,216Pre-tax net operating income
$60Securities gains (losses)
$663Applicable income taxes
$1,613Income before extraordinary items
$0Extraordinary gains - net
$1,613Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$1,205Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.84%Yield on earning assets
2.28%Cost of funding earning assets
6.56%Net interest margin
0.87%Noninterest income to earning assets
4.07%Noninterest expense to earning assets
1.97%Net operating income to assets
2.03%Return on assets (ROA)
2.86%Pretax return on assets
31.84%Return on equity (ROE)
8.05%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
6000.00%Credit loss provision to net charge-offs
1168.00%Efficiency ratio
54,790Assets per employee
2.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
74.71%Loss allowance to loans
1.15%Loss allowance to noncurrent loans
197.75%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
0.58%Net loans and leases to deposits
67.94%Net loans and leases to core deposits
71.18%Equity capital to assets
6.35%Core capital (leverage) ratio
6.71%Tier 1 risk-based capital ratio
9.09%Total risk-based capital ratio
Memoranda
$10Average assets
$79,535Average earning assets
$5,065Average equity
$69,482Average loans

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