Advantage Bank in Loveland, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

Advantage Bank - Overview

  • General
  • FDIC Certificate #: 57072
    Status: Active
    Federal Reserve ID: 2927615
    Bank Holding Company (Regulatory Top Holder): Advantage Bancorp, Inc. (RSSDID: 2926270, Location: Loveland, CO)
    Date Established: September 21, 2000
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 356832
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 21, 2000
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1475 North Denver Avenue, Loveland, CO 80537
    County: Larimer
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Fort Collins-Loveland, CO (#2670)
    Core Based Statistical Area (CBSA): Fort Collins-Loveland, CO (#22660)
    CBSA Metro Statistical Area: Fort Collins-Loveland, CO (#22660)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $348.3 mil
    Equity capital: $17.2 mil
    Deposits held in domestic offices: $329.8 mil
    Return on assets (ROA): -3.32% (-$11.6 mil)
    Quarterly return on assets: -0.14% (-$0.5 mil)
    Return on Equity (ROE): -58.16% (-$9.9 mil)
    Quarterly return on equity: -3.05% (-$0.5 mil)
    Net income: -$11.7 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -1.85% (-$6,443.2 mil)
    Quarterly Pretax return on assets: -0.14% (-$487.6 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, 2011)

  • Dollar figures in thousands
  • 60Total employees (full-time equivalent)
  • $348,283Total assets
  • $54,775Cash and due from depository institutions
  • $48,175Interest-bearing balances
  • $27,834Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $222,862Net loans & leases
  • $8,624Loan loss allowance
  • $0Trading account assets
  • $4,408Bank premises and fixed assets
  • $33,664Other real estate owned
  • $0Goodwill and other intangibles
  • $348,284Life insurance assets
  • $4,740All other assets
  • $331,115Total liabilities and capital
  • $329,844Total liabilities
  • $304,176Total deposits
  • $329,844Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,271Subordinated debt
  • $17,169All other liabilities
  • $17,169Total equity capital
  • $17,169Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $30,113Surplus
  • $-13,444Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $31,610Income earned, not collected on loans
  • $0Earning assets
  • $840Long-term assets (5+ years)
  • $298,871Average Assets, year-to-date
  • $14,192Average Assets, quarterly
  • $352,098Volatile liabilities
  • $351,183Insider loans
  • $246,857FHLB advances
  • $354,145Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,872Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,020Restructured Loans and leases
  • $2,027Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,035Total interest income
  • $4,974Total interest expense
  • $8,061Net interest income
  • $3,400Provision for loan and lease losses
  • -$1,300Total noninterest income
  • $0Fiduciary activities
  • $106Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,406Additional noninterest income
  • $10,272Total noninterest expense
  • $4,595Salaries and employee benefits
  • $1,404Premises and equipment expense
  • $4,273Additional noninterest expense
  • -$6,911Pre-tax net operating income
  • $380Securities gains (losses)
  • $5,168Applicable income taxes
  • -$11,699Income before extraordinary items
  • $0Extraordinary gains - net
  • -$11,699Net income attributable to bank
  • $0Net charge-offs
  • -$11,699Cash dividends
  • $2,831Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.30%Yield on earning assets
  • 1.64%Cost of funding earning assets
  • 2.66%Net interest margin
  • -0.43%Noninterest income to earning assets
  • 3.39%Noninterest expense to earning assets
  • -3.43%Net operating income to assets
  • -3.32%Return on assets (ROA)
  • -1.85%Pretax return on assets
  • -58.16%Return on equity (ROE)
  • -58.16%Retained earnings to average equity (YTD only)
  • 1.15%Net charge-offs to loans
  • 120.10%Credit loss provision to net charge-offs
  • -1.24%Efficiency ratio
  • 151,930Assets per employee
  • 5.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.73%Loss allowance to noncurrent loans
  • 27.28%Noncurrent assets plus other real estate owned to assets
  • 18.74%Noncurrent loans to loans
  • 13.66%Net loans and leases to deposits
  • 67.57%Net loans and leases to core deposits
  • 74.99%Equity capital to assets
  • 4.93%Core capital (leverage) ratio
  • 4.76%Tier 1 risk-based capital ratio
  • 6.83%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $352,098Average earning assets
  • $20,114Average equity
  • $303,179Average loans

List of branches

  • 5 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0356832Advantage Bank1475 North Denver Avenue, Loveland, CO 80537September 21, 2000Full Service Brick and Mortar
    2364085Greeley Branch1801 59th Avenue, Greeley, CO 80634October 10, 2000Full Service Brick and Mortar
    3418824Boulder Branch1611 Canyon Boulevard, Boulder, CO 80302April 21, 2003Full Service Brick and Mortar
    4428748Advantage Bank Courier Service1475 North Denver Avenue, Loveland, CO 80538June 01, 2004Limited Service Messenger
    5432881Advantage Bank - Fort Collins Branch4532 Mcmurray Avenue, Fort Collins, CO 80525November 08, 2004Full Service Brick and Mortar

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