The American State Bank in Granada, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 1994

The American State Bank in Granada, Colorado (CO)
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The American State Bank - Overview

General
FDIC Certificate #: 1777
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Colorado East Bank & Trust (#3027)
Federal Reserve ID: 313652
Date Established: January 01, 1915
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 1175
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: January 01, 1934
Last Structure Change Effective Date: December 01, 1994
Last Structure Change Process Date: December 15, 1994
Last Data Update: December 15, 1994
Data Source Date: April 05, 2012
Location
Address: 108 East Goff Street, Granada, CO 81041
County: Prowers
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: $16.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$7Total assets
$13,976Cash and due from depository institutions
$524Interest-bearing balances
$100Securities
$7,675Federal funds sold & reverse repurchase agreements
$1,800Net loans & leases
$3,573Loan loss allowance
$170Trading account assets
$0Bank premises and fixed assets
$93Other real estate owned
$0Goodwill and other intangibles
$311Life insurance assets
$0All other assets
$0Total liabilities and capital
$13,976Total liabilities
$12,385Total deposits
$12,337Interest-bearing deposits
$11,247Deposits held in domestic offices
12337.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$48Total equity capital
$48Total bank equity capital
$1,591Perpetual preferred stock
$0Common stock
$140Surplus
$430Undivided profits
Memoranda
$1,021Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$43Income earned, not collected on loans
$91Earning assets
$13,148Long-term assets (5+ years)
$1,367Average Assets, year-to-date
$13,787Average Assets, quarterly
$13,730Volatile liabilities
$527Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,163Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,591Total risk weighted assets
$4,629Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$969Total interest expense
$344Net interest income
$625Provision for loan and lease losses
$39Total noninterest income
$58Fiduciary activities
$0Service charges on deposit accounts
$49Trading account gains & fees
$0Additional noninterest income
$9Total noninterest expense
$417Salaries and employee benefits
$252Premises and equipment expense
$38Additional noninterest expense
$127Pre-tax net operating income
$227Securities gains (losses)
$0Applicable income taxes
$73Income before extraordinary items
$154Extraordinary gains - net
$0Net income attributable to bank
$154Net charge-offs
-$6Cash dividends
$10Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.49%Cost of funding earning assets
2.66%Net interest margin
4.83%Noninterest income to earning assets
0.45%Noninterest expense to earning assets
3.23%Net operating income to assets
1.12%Return on assets (ROA)
1.12%Pretax return on assets
1.65%Return on equity (ROE)
10.16%Retained earnings to average equity (YTD only)
9.50%Net charge-offs to loans
-0.15%Credit loss provision to net charge-offs
-650.00%Efficiency ratio
61,054Assets per employee
2.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
6.49%Loss allowance to loans
4.54%Loss allowance to noncurrent loans
395.35%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
1.15%Net loans and leases to deposits
28.96%Net loans and leases to core deposits
30.25%Equity capital to assets
11.38%Core capital (leverage) ratio
11.61%Tier 1 risk-based capital ratio
34.37%Total risk-based capital ratio
Memoranda
$36Average assets
$13,787Average earning assets
$1,516Average equity
$12,930Average loans

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