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

This bank is inactive as of November 11, 2009

  • The Citizens National Bank of Akron in Akron, Colorado (CO)
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The Citizens National Bank of Akron - Overview

  • General
  • FDIC Certificate #: 2992
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: Farmers & Stockmens Bank (#13625)
    Federal Reserve ID: 746054
    Date Established: August 11, 1916
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    OTS Docket #: 52233
    FDIC's unique #: 1892
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 11, 2009
    Last Structure Change Process Date: November 19, 2009
    Last Data Update: November 19, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: Post Office Box 300, 101 Main, Akron, CO 80720
    County: Washington
    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
  • History of Changes
  • Merger - Without Assistance
    Office Sold
  • Financial Summary
  • Total assets: $47.0 mil

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

2000 - 2011 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, 2008)

  • Dollar figures in thousands
  • 13Total employees (full-time equivalent)
  • $46,455Total assets
  • $988Cash and due from depository institutions
  • $0Interest-bearing balances
  • $14,123Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $29,817Net loans & leases
  • $371Loan loss allowance
  • $0Trading account assets
  • $267Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,260All other assets
  • $46,455Total liabilities and capital
  • $37,967Total liabilities
  • $35,307Total deposits
  • $28,752Interest-bearing deposits
  • $35,307Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,895Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $593Other borrowed funds
  • $0Subordinated debt
  • $172All other liabilities
  • $8,488Total equity capital
  • $8,488Total bank equity capital
  • $8,488Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $1,000Undivided profits
  • Memoranda
  • $6,488Noncurrent loans and leases
  • $5,629Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $878Average Assets, year-to-date
  • $43,940Average Assets, quarterly
  • $10,111Volatile liabilities
  • $46,896Insider loans
  • $46,723FHLB advances
  • $5,619Loans and leases held for sale
  • $0Unused loan commitments
  • $593Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,629Total unused commitments
  • $0Restructured Loans and leases
  • $371Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $2,677Total interest income
  • $911Total interest expense
  • $1,766Net interest income
  • $0Provision for loan and lease losses
  • $140Total noninterest income
  • $0Fiduciary activities
  • $97Service charges on deposit accounts
  • $0Trading account gains & fees
  • $43Additional noninterest income
  • $1,283Total noninterest expense
  • $740Salaries and employee benefits
  • $127Premises and equipment expense
  • $416Additional noninterest expense
  • $623Pre-tax net operating income
  • $0Securities gains (losses)
  • $123Applicable income taxes
  • $500Income before extraordinary items
  • $0Extraordinary gains - net
  • $500Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.03%Yield on earning assets
  • 2.05%Cost of funding earning assets
  • 3.98%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 6.04%Return on equity (ROE)
  • 3.62%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 124.60%Efficiency ratio
  • 67,314Assets per employee
  • 3.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.00%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 84.45%Net loans and leases to core deposits
  • 94.41%Equity capital to assets
  • 18.27%Core capital (leverage) ratio
  • 18.24%Tier 1 risk-based capital ratio
  • 25.35%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $46,896Average earning assets
  • $8,283Average equity
  • $44,361Average loans

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