FDIC Certificate #: 2996 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Centennial Bank of the West (#15515) Federal Reserve ID: 949350 Date Established: April 01, 1892 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 1896 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 31, 2001 Last Structure Change Process Date: January 09, 2002 Last Data Update: January 09, 2002 Data Source Date: April 05, 2012
Location
Address: Main Street, Berthoud, CO 80513 County: Larimer 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): Fort Collins-Loveland, CO (#2670) Core Based Statistical Area (CBSA): Fort Collins-Loveland, CO (#22660) CBSA Metro Statistical Area: Fort Collins-Loveland, CO (#22660)
Financial Summary
Total assets: $104.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
35Total employees (full-time equivalent)
$90,953Total assets
$4,312Cash and due from depository institutions
$863Interest-bearing balances
$10,405Securities
$4,030Federal funds sold & reverse repurchase agreements
$66,537Net loans & leases
$880Loan loss allowance
$0Trading account assets
$4,401Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,268All other assets
$90,953Total liabilities and capital
$83,632Total liabilities
$82,219Total deposits
$66,336Interest-bearing deposits
$82,219Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$217Other borrowed funds
$0Subordinated debt
$1,196All other liabilities
$7,321Total equity capital
$7,321Total bank equity capital
$7,321Perpetual preferred stock
$0Common stock
$600Surplus
$600Undivided profits
Memoranda
$6,121Noncurrent loans and leases
$23,756Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$24Earning assets
$0Long-term assets (5+ years)
$821Average Assets, year-to-date
$81,835Average Assets, quarterly
$14,730Volatile liabilities
$84,338Insider loans
$89,778FHLB advances
$11,611Loans and leases held for sale
$859Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$23,756Total unused commitments
$0Restructured Loans and leases
$880Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$7,375Total interest income
$3,385Total interest expense
$3,990Net interest income
$60Provision for loan and lease losses
$460Total noninterest income
$0Fiduciary activities
$353Service charges on deposit accounts
$0Trading account gains & fees
$107Additional noninterest income
$2,675Total noninterest expense
$1,555Salaries and employee benefits
$437Premises and equipment expense
$683Additional noninterest expense
$1,715Pre-tax net operating income
$0Securities gains (losses)
$663Applicable income taxes
$1,052Income before extraordinary items
$0Extraordinary gains - net
$1,052Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$4Sale, conversion, retirement of capital stock, net
$92Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.84%Yield on earning assets
4.52%Cost of funding earning assets
5.32%Net interest margin
0.61%Noninterest income to earning assets
3.57%Noninterest expense to earning assets
1.25%Net operating income to assets
1.25%Return on assets (ROA)
2.03%Pretax return on assets
15.76%Return on equity (ROE)
14.39%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-1500.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
60,112Assets per employee
2.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.75%Loss allowance to loans
1.31%Loss allowance to noncurrent loans
3666.67%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.04%Net loans and leases to deposits
80.93%Net loans and leases to core deposits
94.23%Equity capital to assets
8.05%Core capital (leverage) ratio
8.05%Tier 1 risk-based capital ratio
9.66%Total risk-based capital ratio
Memoranda
$11Average assets
$84,338Average earning assets
$6,673Average equity
$74,956Average loans
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