The First State Bank of Wiggins in Wiggins, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 24, 1994

The First State Bank of Wiggins in Wiggins, Colorado (CO)
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The First State Bank of Wiggins - Overview

General
FDIC Certificate #: 20477
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Independent Bank (#22938)
Federal Reserve ID: 220358
Date Established: September 02, 1971
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 14121
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: September 02, 1971
Last Structure Change Effective Date: October 24, 1994
Last Structure Change Process Date: November 17, 1994
Last Data Update: November 17, 1994
Data Source Date: April 05, 2012
Location
Address: 502 Central, Wiggins, CO 80654
County: Morgan
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): Fort Morgan, CO (#22820)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $10.4 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)
$8Total assets
$9,079Cash and due from depository institutions
$503Interest-bearing balances
$0Securities
$816Federal funds sold & reverse repurchase agreements
$680Net loans & leases
$6,570Loan loss allowance
$149Trading account assets
$0Bank premises and fixed assets
$210Other real estate owned
$90Goodwill and other intangibles
$210Life insurance assets
$0All other assets
$0Total liabilities and capital
$9,079Total liabilities
$8,468Total deposits
$8,394Interest-bearing deposits
$5,657Deposits held in domestic offices
8394.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$44Subordinated debt
$0All other liabilities
$30Total equity capital
$30Total bank equity capital
$611Perpetual preferred stock
$0Common stock
$105Surplus
$228Undivided profits
Memoranda
$278Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$171Income earned, not collected on loans
$137Earning assets
$8,066Long-term assets (5+ years)
$491Average Assets, year-to-date
$8,984Average Assets, quarterly
$8,787Volatile liabilities
$329Insider loans
$74FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$540Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$611Total risk weighted assets
$6,896Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$784Total interest expense
$241Net interest income
$543Provision for loan and lease losses
$82Total noninterest income
$151Fiduciary activities
$0Service charges on deposit accounts
$99Trading account gains & fees
$0Additional noninterest income
$52Total noninterest expense
$498Salaries and employee benefits
$244Premises and equipment expense
$61Additional noninterest expense
$193Pre-tax net operating income
$114Securities gains (losses)
$0Applicable income taxes
$5Income before extraordinary items
$109Extraordinary gains - net
$0Net income attributable to bank
$109Net charge-offs
$47Cash dividends
$0Sale, 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
9.87%Cost of funding earning assets
3.03%Net interest margin
6.83%Noninterest income to earning assets
1.90%Noninterest expense to earning assets
6.27%Net operating income to assets
1.21%Return on assets (ROA)
1.21%Pretax return on assets
1.27%Return on equity (ROE)
19.60%Retained earnings to average equity (YTD only)
19.60%Net charge-offs to loans
0.72%Credit loss provision to net charge-offs
174.47%Efficiency ratio
71,758Assets per employee
1.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.22%Loss allowance to noncurrent loans
87.13%Noncurrent assets plus other real estate owned to assets
2.87%Noncurrent loans to loans
2.55%Net loans and leases to deposits
78.27%Net loans and leases to core deposits
81.46%Equity capital to assets
6.73%Core capital (leverage) ratio
7.11%Tier 1 risk-based capital ratio
8.86%Total risk-based capital ratio
Memoranda
$10Average assets
$8,984Average earning assets
$556Average equity
$7,947Average loans

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