Ark Valley Independent Bank in La Junta, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 15, 1997

  • Ark Valley Independent Bank in La Junta, Colorado (CO)
  • Show street view No street view available for this location

Ark Valley Independent Bank - Overview

  • General
  • FDIC Certificate #: 90713
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Colorado East Bank & Trust (#3027)
    Federal Reserve ID: 446653
    Date Established: January 03, 1978
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    OTS Docket #: 12219
    FDIC's unique #: 18135
    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: October 07, 1987
    Last Structure Change Effective Date: May 15, 1997
    Last Structure Change Process Date: July 22, 1997
    Last Data Update: July 22, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 405 Colorado Avenue, La Junta, CO 81050
    County: Otero
    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: $21.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $14Total assets
  • $21,222Cash and due from depository institutions
  • $1,229Interest-bearing balances
  • $307Securities
  • $646Federal funds sold & reverse repurchase agreements
  • $7,030Net loans & leases
  • $11,071Loan loss allowance
  • $181Trading account assets
  • $0Bank premises and fixed assets
  • $214Other real estate owned
  • $0Goodwill and other intangibles
  • $1,032Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $21,222Total liabilities
  • $19,439Total deposits
  • $19,204Interest-bearing deposits
  • $18,736Deposits held in domestic offices
  • 19204.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $235Total equity capital
  • $235Total bank equity capital
  • $1,783Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $800Undivided profits
  • Memoranda
  • $883Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $438Income earned, not collected on loans
  • $134Earning assets
  • $19,054Long-term assets (5+ years)
  • $3,353Average Assets, year-to-date
  • $21,079Average Assets, quarterly
  • $20,900Volatile liabilities
  • $658Insider loans
  • $469FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $564Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,782Total risk weighted assets
  • $12,511Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,595Total interest expense
  • $716Net interest income
  • $879Provision for loan and lease losses
  • $0Total noninterest income
  • $193Fiduciary activities
  • $0Service charges on deposit accounts
  • $102Trading account gains & fees
  • $0Additional noninterest income
  • $91Total noninterest expense
  • $955Salaries and employee benefits
  • $632Premises and equipment expense
  • $112Additional noninterest expense
  • $211Pre-tax net operating income
  • $117Securities gains (losses)
  • -$232Applicable income taxes
  • -$57Income before extraordinary items
  • -$58Extraordinary gains - net
  • $0Net income attributable to bank
  • -$58Net charge-offs
  • -$3Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.39%Cost of funding earning assets
  • 3.77%Net interest margin
  • 4.62%Noninterest income to earning assets
  • 1.02%Noninterest expense to earning assets
  • 5.02%Net operating income to assets
  • 0.43%Return on assets (ROA)
  • -0.28%Pretax return on assets
  • -0.55%Return on equity (ROE)
  • -3.26%Retained earnings to average equity (YTD only)
  • -3.26%Net charge-offs to loans
  • -0.03%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 89,086Assets per employee
  • 1.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 41.32%Noncurrent assets plus other real estate owned to assets
  • 2.06%Noncurrent loans to loans
  • 3.89%Net loans and leases to deposits
  • 57.65%Net loans and leases to core deposits
  • 59.69%Equity capital to assets
  • 8.40%Core capital (leverage) ratio
  • 8.47%Tier 1 risk-based capital ratio
  • 14.24%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $21,079Average earning assets
  • $1,777Average equity
  • $19,006Average loans

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