The Rio Grande County Bank in Del Norte, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 17, 2001

The Rio Grande County Bank in Del Norte, Colorado (CO)
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The Rio Grande County Bank - Overview

General
FDIC Certificate #: 15530
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community Banks of the Rockies (#3032)
Federal Reserve ID: 908058
Date Established: April 08, 1937
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 5 (Interstate: No)
FDIC's unique #: 9826
Numeric code: 13
Regulator: FED
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: August 25, 1937
Last Structure Change Effective Date: September 17, 2001
Last Structure Change Process Date: November 15, 2001
Last Data Update: November 15, 2001
Data Source Date: April 05, 2012
Location
Address: 595 Grand Avenue, Del Norte, CO 81132
County: Rio Grande
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
Financial Summary
Total assets: $57.2 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
33Total employees (full-time equivalent)
$53,246Total assets
$3,454Cash and due from depository institutions
$11Interest-bearing balances
$4,119Securities
$0Federal funds sold & reverse repurchase agreements
$39,857Net loans & leases
$424Loan loss allowance
$0Trading account assets
$1,508Bank premises and fixed assets
$0Other real estate owned
$2,901Goodwill and other intangibles
$0Life insurance assets
$1,407All other assets
$53,246Total liabilities and capital
$46,336Total liabilities
$45,310Total deposits
$36,457Interest-bearing deposits
$45,310Deposits held in domestic offices
0.00%% insured (estimated)
$825Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$201All other liabilities
$6,910Total equity capital
$6,910Total bank equity capital
$6,910Perpetual preferred stock
$0Common stock
$400Surplus
$6,083Undivided profits
Memoranda
$427Noncurrent loans and leases
$8,363Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$191Earning assets
$0Long-term assets (5+ years)
$1,010Average Assets, year-to-date
$43,987Average Assets, quarterly
$11,515Volatile liabilities
$52,591Insider loans
$53,704FHLB advances
$8,864Loans and leases held for sale
$1,447Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,363Total unused commitments
$0Restructured Loans and leases
$424Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$4,217Total interest income
$1,507Total interest expense
$2,710Net interest income
$22Provision for loan and lease losses
$417Total noninterest income
$0Fiduciary activities
$299Service charges on deposit accounts
$0Trading account gains & fees
$118Additional noninterest income
$2,060Total noninterest expense
$943Salaries and employee benefits
$288Premises and equipment expense
$829Additional noninterest expense
$1,045Pre-tax net operating income
$0Securities gains (losses)
$401Applicable income taxes
$644Income before extraordinary items
$0Extraordinary gains - net
$644Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$23Sale, conversion, retirement of capital stock, net
$675Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.77%Yield on earning assets
3.49%Cost of funding earning assets
6.28%Net interest margin
0.97%Noninterest income to earning assets
4.77%Noninterest expense to earning assets
1.22%Net operating income to assets
1.22%Return on assets (ROA)
1.99%Pretax return on assets
9.41%Return on equity (ROE)
-0.45%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
95.65%Credit loss provision to net charge-offs
46.39%Efficiency ratio
61,625Assets per employee
1.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
104.81%Loss allowance to loans
1.05%Loss allowance to noncurrent loans
221.99%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
0.47%Net loans and leases to deposits
87.97%Net loans and leases to core deposits
106.94%Equity capital to assets
12.98%Core capital (leverage) ratio
7.82%Tier 1 risk-based capital ratio
9.10%Total risk-based capital ratio
Memoranda
$10Average assets
$52,591Average earning assets
$6,840Average equity
$43,142Average loans

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