The Burns National Bank of Durango in city_name, state_name

The Burns National Bank of Durango in Durango, Colorado (CO)
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The Burns National Bank of Durango - Overview

General
FDIC Certificate #: 3015
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of Colorado (#16980)
Federal Reserve ID: 71158
Date Established: May 17, 1910
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
OTS Docket #: 9791
FDIC's unique #: 1913
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: January 21, 2000
Last Structure Change Process Date: March 29, 2000
Last Data Update: March 29, 2000
Data Source Date: April 05, 2012
Location
Address: 1199 Main Avenue, Durango, CO 81301
County: La Plata
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
Core Based Statistical Area (CBSA): Durango, CO (#20420)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $140.1 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, 1999)

Dollar figures in thousands
60Total employees (full-time equivalent)
$140,090Total assets
$12,249Cash and due from depository institutions
$2,867Interest-bearing balances
$23,775Securities
$3,007Federal funds sold & reverse repurchase agreements
$91,053Net loans & leases
$1,951Loan loss allowance
$0Trading account assets
$7,549Bank premises and fixed assets
$0Other real estate owned
$497Goodwill and other intangibles
$0Life insurance assets
$1,960All other assets
$140,090Total liabilities and capital
$128,346Total liabilities
$113,685Total deposits
$82,295Interest-bearing deposits
$113,685Deposits held in domestic offices
0.00%% insured (estimated)
$4,723Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,112Other borrowed funds
$0Subordinated debt
$826All other liabilities
$11,744Total equity capital
$11,744Total bank equity capital
$11,744Perpetual preferred stock
$0Common stock
$300Surplus
$5,280Undivided profits
Memoranda
$6,164Noncurrent loans and leases
$33,238Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,949Earning assets
$81Long-term assets (5+ years)
$564Average Assets, year-to-date
$120,702Average Assets, quarterly
$14,153Volatile liabilities
$143,412Insider loans
$142,716FHLB advances
$20,697Loans and leases held for sale
$3,697Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$33,238Total unused commitments
$391Restructured Loans and leases
$1,228Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$10,772Total interest income
$3,731Total interest expense
$7,041Net interest income
$0Provision for loan and lease losses
$1,068Total noninterest income
$24Fiduciary activities
$616Service charges on deposit accounts
$0Trading account gains & fees
$428Additional noninterest income
$5,356Total noninterest expense
$2,356Salaries and employee benefits
$557Premises and equipment expense
$2,443Additional noninterest expense
$2,753Pre-tax net operating income
$0Securities gains (losses)
$921Applicable income taxes
$1,832Income before extraordinary items
$0Extraordinary gains - net
$1,832Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$117Sale, conversion, retirement of capital stock, net
$2,986Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.59%Yield on earning assets
2.98%Cost of funding earning assets
5.62%Net interest margin
0.85%Noninterest income to earning assets
4.27%Noninterest expense to earning assets
1.28%Net operating income to assets
1.28%Return on assets (ROA)
1.92%Pretax return on assets
14.32%Return on equity (ROE)
-9.02%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
23.53%Efficiency ratio
64,916Assets per employee
2.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
162.99%Loss allowance to loans
2.10%Loss allowance to noncurrent loans
100.10%Noncurrent assets plus other real estate owned to assets
1.39%Noncurrent loans to loans
2.10%Net loans and leases to deposits
80.09%Net loans and leases to core deposits
88.65%Equity capital to assets
8.38%Core capital (leverage) ratio
7.98%Tier 1 risk-based capital ratio
11.64%Total risk-based capital ratio
Memoranda
$13Average assets
$143,412Average earning assets
$12,795Average equity
$125,360Average loans

The Burns National Bank of Durango in Durango, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Burns National Bank of Durango - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

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

The Burns National Bank of Durango in Durango, Colorado (CO)Overview, Financial Summary, Detailed Financial Reports, Branches

The Burns National Bank of Durango - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

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

The Burns National Bank of Durango in Durango, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches