FDIC Certificate #: 16494 Status: Inactive Closing history: Office Sold Acquiring institution:BANKWEST OF KANSAS (#10502) Federal Reserve ID: 506753 Date Established: October 10, 1946 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 10654 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: October 10, 1946 Last Structure Change Effective Date: December 08, 2000 Last Structure Change Process Date: Febuary 06, 2001 Last Data Update: Febuary 06, 2001 Data Source Date: April 05, 2012
Location
Address: 100 South Main, Keenesburg, CO 80643 County: Weld 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): Greeley, CO (#3060) Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34) Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216) Core Based Statistical Area (CBSA): Greeley, CO (#24540) CBSA Metro Statistical Area: Greeley, CO (#24540)
History of Changes
Merger - Without Assistance
Office Sold
Financial Summary
Total assets: $36.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$33,816Total assets
$1,146Cash and due from depository institutions
$0Interest-bearing balances
$7,781Securities
$10,080Federal funds sold & reverse repurchase agreements
$13,725Net loans & leases
$266Loan loss allowance
$0Trading account assets
$21Bank premises and fixed assets
$322Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$741All other assets
$33,816Total liabilities and capital
$30,716Total liabilities
$30,554Total deposits
$25,370Interest-bearing deposits
$30,554Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$162All other liabilities
$3,100Total equity capital
$3,100Total bank equity capital
$3,100Perpetual preferred stock
$0Common stock
$100Surplus
$600Undivided profits
Memoranda
$2,400Noncurrent loans and leases
$3,078Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$351Earning assets
$0Long-term assets (5+ years)
$469Average Assets, year-to-date
$31,586Average Assets, quarterly
$1,909Volatile liabilities
$33,547Insider loans
$33,522FHLB advances
$4,200Loans and leases held for sale
$60Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,078Total unused commitments
$1Restructured Loans and leases
$233Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$2,375Total interest income
$956Total interest expense
$1,419Net interest income
$104Provision for loan and lease losses
$198Total noninterest income
$0Fiduciary activities
$165Service charges on deposit accounts
$0Trading account gains & fees
$33Additional noninterest income
$870Total noninterest expense
$587Salaries and employee benefits
$51Premises and equipment expense
$232Additional noninterest expense
$643Pre-tax net operating income
$0Securities gains (losses)
$183Applicable income taxes
$460Income before extraordinary items
$0Extraordinary gains - net
$460Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$208Sale, conversion, retirement of capital stock, net
$222Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.55%Yield on earning assets
3.04%Cost of funding earning assets
4.51%Net interest margin
0.63%Noninterest income to earning assets
2.77%Noninterest expense to earning assets
1.37%Net operating income to assets
1.37%Return on assets (ROA)
1.92%Pretax return on assets
14.83%Return on equity (ROE)
7.67%Retained earnings to average equity (YTD only)
1.40%Net charge-offs to loans
50.00%Credit loss provision to net charge-offs
3.59%Efficiency ratio
53,803Assets per employee
2.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.26%Loss allowance to loans
1.90%Loss allowance to noncurrent loans
75.78%Noncurrent assets plus other real estate owned to assets
1.99%Noncurrent loans to loans
2.51%Net loans and leases to deposits
44.92%Net loans and leases to core deposits
52.08%Equity capital to assets
9.17%Core capital (leverage) ratio
9.47%Tier 1 risk-based capital ratio
17.10%Total risk-based capital ratio
Memoranda
$18Average assets
$33,547Average earning assets
$3,101Average equity
$31,451Average loans
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