Vectra Bank in Denver, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 28, 1998

  • Vectra Bank in Denver, Colorado (CO)
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Vectra Bank - Overview

  • General
  • FDIC Certificate #: 22656
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Vectra Bank Colorado, National Association (#2993)
    Federal Reserve ID: 667159
    Date Established: May 15, 1978
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 16 (Interstate: No)
    OTS Docket #: 9114
    FDIC's unique #: 15810
    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: May 15, 1978
    Last Structure Change Effective Date: May 28, 1998
    Last Structure Change Process Date: June 16, 1998
    Last Data Update: June 16, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1650 South Colorado Boulevard, Denver, CO 80222
    County: Denver
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Denver, CO (#2080)
    Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
    Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
    Core Based Statistical Area (CBSA): Denver-Aurora-Broomfield, CO (#19740)
    CBSA Metro Statistical Area: Denver-Aurora-Broomfield, CO (#19740)
  • Financial Summary
  • Total assets: $694.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 328Total employees (full-time equivalent)
  • $726,932Total assets
  • $42,956Cash and due from depository institutions
  • $15Interest-bearing balances
  • $217,806Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $432,300Net loans & leases
  • $6,076Loan loss allowance
  • $0Trading account assets
  • $11,400Bank premises and fixed assets
  • $1,107Other real estate owned
  • $11,654Goodwill and other intangibles
  • $0Life insurance assets
  • $9,709All other assets
  • $726,932Total liabilities and capital
  • $664,415Total liabilities
  • $557,596Total deposits
  • $404,022Interest-bearing deposits
  • $557,596Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $73,724Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $30,391Other borrowed funds
  • $0Subordinated debt
  • $2,704All other liabilities
  • $62,517Total equity capital
  • $62,517Total bank equity capital
  • $62,517Perpetual preferred stock
  • $0Common stock
  • $15,914Surplus
  • $32,251Undivided profits
  • Memoranda
  • $14,352Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,409Earning assets
  • $1,064Long-term assets (5+ years)
  • $2,301Average Assets, year-to-date
  • $650,121Average Assets, quarterly
  • $157,044Volatile liabilities
  • $647,838Insider loans
  • $720,274FHLB advances
  • $167,020Loans and leases held for sale
  • $1,179Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,118Total risk weighted assets
  • $107,182Total unused commitments
  • $0Restructured Loans and leases
  • $525,834Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $49,246Total interest income
  • $19,710Total interest expense
  • $29,536Net interest income
  • $851Provision for loan and lease losses
  • $5,795Total noninterest income
  • $0Fiduciary activities
  • $2,840Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,955Additional noninterest income
  • $21,650Total noninterest expense
  • $12,727Salaries and employee benefits
  • $2,994Premises and equipment expense
  • $5,929Additional noninterest expense
  • $12,830Pre-tax net operating income
  • -$5,924Securities gains (losses)
  • $2,521Applicable income taxes
  • $4,385Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,385Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $249Sale, conversion, retirement of capital stock, net
  • $2,300Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.49%Yield on earning assets
  • 3.40%Cost of funding earning assets
  • 5.09%Net interest margin
  • 1.00%Noninterest income to earning assets
  • 3.73%Noninterest expense to earning assets
  • 1.26%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 7.82%Return on equity (ROE)
  • 3.72%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 341.77%Credit loss provision to net charge-offs
  • 54.94%Efficiency ratio
  • 60,044Assets per employee
  • 2.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.45%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 137.81%Noncurrent assets plus other real estate owned to assets
  • 0.76%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 77.53%Net loans and leases to core deposits
  • 87.39%Equity capital to assets
  • 8.60%Core capital (leverage) ratio
  • 7.36%Tier 1 risk-based capital ratio
  • 9.62%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $647,838Average earning assets
  • $56,049Average equity
  • $579,932Average loans

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