FDIC Certificate #: 19763 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank of the Rockies (#3041) Federal Reserve ID: 441957 Date Established: November 13, 1967 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 13557 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: November 13, 1967 Last Structure Change Effective Date: July 01, 1999 Last Structure Change Process Date: July 20, 1999 Last Data Update: July 20, 1999 Data Source Date: April 05, 2012
Location
Address: 252 West Jefferson Street, Hayden, CO 81639 County: Routt 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: $40.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
24Total employees (full-time equivalent)
$39,936Total assets
$2,025Cash and due from depository institutions
$0Interest-bearing balances
$10,204Securities
$4,665Federal funds sold & reverse repurchase agreements
$21,680Net loans & leases
$418Loan loss allowance
$0Trading account assets
$678Bank premises and fixed assets
$54Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$630All other assets
$39,936Total liabilities and capital
$36,289Total liabilities
$36,098Total deposits
$31,237Interest-bearing deposits
$36,098Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$191All other liabilities
$3,647Total equity capital
$3,647Total bank equity capital
$3,647Perpetual preferred stock
$0Common stock
$200Surplus
$400Undivided profits
Memoranda
$3,047Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$240Earning assets
$0Long-term assets (5+ years)
$72Average Assets, year-to-date
$36,549Average Assets, quarterly
$1,724Volatile liabilities
$38,474Insider loans
$39,188FHLB advances
$3,893Loans and leases held for sale
$210Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,678Total unused commitments
$0Restructured Loans and leases
$23,619Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$3,223Total interest income
$1,316Total interest expense
$1,907Net interest income
$224Provision for loan and lease losses
$213Total noninterest income
$0Fiduciary activities
$172Service charges on deposit accounts
$0Trading account gains & fees
$41Additional noninterest income
$1,251Total noninterest expense
$721Salaries and employee benefits
$221Premises and equipment expense
$309Additional noninterest expense
$645Pre-tax net operating income
$0Securities gains (losses)
$209Applicable income taxes
$436Income before extraordinary items
$0Extraordinary gains - net
$436Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$33Sale, conversion, retirement of capital stock, net
$80Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.10%Yield on earning assets
3.72%Cost of funding earning assets
5.39%Net interest margin
0.60%Noninterest income to earning assets
3.53%Noninterest expense to earning assets
1.13%Net operating income to assets
1.13%Return on assets (ROA)
1.68%Pretax return on assets
12.62%Return on equity (ROE)
10.30%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
678.79%Credit loss provision to net charge-offs
26.33%Efficiency ratio
59,009Assets per employee
1.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.35%Loss allowance to loans
1.89%Loss allowance to noncurrent loans
174.17%Noncurrent assets plus other real estate owned to assets
0.74%Noncurrent loans to loans
1.09%Net loans and leases to deposits
60.06%Net loans and leases to core deposits
67.32%Equity capital to assets
9.13%Core capital (leverage) ratio
8.93%Tier 1 risk-based capital ratio
15.05%Total risk-based capital ratio
Memoranda
$16Average assets
$38,474Average earning assets
$3,455Average equity
$35,401Average loans
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