Union Colony Bank in Greeley, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 15, 2008

  • Union Colony Bank in Greeley, Colorado (CO)
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Union Colony Bank - Overview

  • General
  • FDIC Certificate #: 22864
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National Bank (#14372)
    Federal Reserve ID: 440352
    Date Established: May 21, 1979
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 9 (Interstate: No)
    OTS Docket #: 11847
    FDIC's unique #: 15977
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 21, 1979
    Last Structure Change Effective Date: Febuary 15, 2008
    Last Structure Change Process Date: Febuary 29, 2008
    Last Data Update: Febuary 29, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1701 Twenty-Third, Greeley, CO 80631
    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)
  • Financial Summary
  • Total assets: $413.3 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, 2007)

  • Dollar figures in thousands
  • 124Total employees (full-time equivalent)
  • $413,256Total assets
  • $38,439Cash and due from depository institutions
  • $20,000Interest-bearing balances
  • $28,600Securities
  • $16,555Federal funds sold & reverse repurchase agreements
  • $295,890Net loans & leases
  • $3,287Loan loss allowance
  • $0Trading account assets
  • $10,830Bank premises and fixed assets
  • $791Other real estate owned
  • $15,080Goodwill and other intangibles
  • $0Life insurance assets
  • $7,071All other assets
  • $413,256Total liabilities and capital
  • $365,268Total liabilities
  • $346,804Total deposits
  • $270,909Interest-bearing deposits
  • $346,804Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $14,110Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $834Other borrowed funds
  • $0Subordinated debt
  • $3,520All other liabilities
  • $47,988Total equity capital
  • $47,988Total bank equity capital
  • $47,988Perpetual preferred stock
  • $0Common stock
  • $1,360Surplus
  • $40,617Undivided profits
  • Memoranda
  • $6,011Noncurrent loans and leases
  • $86,359Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,784Earning assets
  • $0Long-term assets (5+ years)
  • $2,365Average Assets, year-to-date
  • $361,045Average Assets, quarterly
  • $33,132Volatile liabilities
  • $410,342Insider loans
  • $409,763FHLB advances
  • $72,514Loans and leases held for sale
  • $4,606Unused loan commitments
  • $834Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $86,359Total unused commitments
  • $0Restructured Loans and leases
  • $3,331Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $25,787Total interest income
  • $10,193Total interest expense
  • $15,594Net interest income
  • $2,555Provision for loan and lease losses
  • $5,565Total noninterest income
  • $1,255Fiduciary activities
  • $2,569Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,741Additional noninterest income
  • $15,721Total noninterest expense
  • $7,460Salaries and employee benefits
  • $1,908Premises and equipment expense
  • $6,353Additional noninterest expense
  • $2,883Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,039Applicable income taxes
  • $1,844Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,844Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,744Sale, conversion, retirement of capital stock, net
  • $2,500Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.24%Yield on earning assets
  • 2.86%Cost of funding earning assets
  • 4.38%Net interest margin
  • 1.56%Noninterest income to earning assets
  • 4.41%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 3.82%Return on equity (ROE)
  • -1.36%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 146.50%Credit loss provision to net charge-offs
  • 3.12%Efficiency ratio
  • 72,451Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 135.57%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 68.71%Noncurrent assets plus other real estate owned to assets
  • 1.35%Noncurrent loans to loans
  • 1.60%Net loans and leases to deposits
  • 85.32%Net loans and leases to core deposits
  • 102.60%Equity capital to assets
  • 11.61%Core capital (leverage) ratio
  • 8.02%Tier 1 risk-based capital ratio
  • 10.08%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $410,342Average earning assets
  • $48,323Average equity
  • $356,242Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $128,965Managed Assets
  • 1Number of Accounts
  • $108,197Personal trust and agency accounts
  • $31,592Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $897Other retirement accounts
  • $9,601Corporate trust and agency accounts
  • $1,954Investment management agency accounts
  • $64,153Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 212Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $20,768Other retirement accounts
  • $1,000Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $4,011Fiduciary accounts held in foreign offices

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