Avco Bank, an industrial bank in Aurora, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 1999

  • Avco Bank, an industrial bank in Aurora, Colorado (CO)
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Avco Bank, an industrial bank - Overview

  • General
  • FDIC Certificate #: 90030
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: (#33792)
    Federal Reserve ID: 35655
    Date Established: July 10, 1923
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 17675
    Numeric code: 23
    Regulator: FDIC
    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: December 02, 1987
    Last Structure Change Effective Date: March 31, 1999
    Last Structure Change Process Date: April 22, 1999
    Last Data Update: April 22, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 3300 South Parker Road, Suite 320b, Aurora, CO 80014
    County: Arapahoe
    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): 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: $4.2 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
  • 3Total employees (full-time equivalent)
  • $4,222Total assets
  • $1,234Cash and due from depository institutions
  • $0Interest-bearing balances
  • $2,048Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $912Net loans & leases
  • $41Loan loss allowance
  • $0Trading account assets
  • $2Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $26All other assets
  • $4,222Total liabilities and capital
  • $1,881Total liabilities
  • $1,548Total deposits
  • $1,548Interest-bearing deposits
  • $1,548Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $241Other borrowed funds
  • $0Subordinated debt
  • $92All other liabilities
  • $2,341Total equity capital
  • $2,341Total bank equity capital
  • $2,341Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $400Undivided profits
  • Memoranda
  • $1,841Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4Earning assets
  • $0Long-term assets (5+ years)
  • $8Average Assets, year-to-date
  • $2,960Average Assets, quarterly
  • $15Volatile liabilities
  • $3,751Insider loans
  • $3,830FHLB advances
  • $241Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $1,617Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $304Total interest income
  • $54Total interest expense
  • $250Net interest income
  • $98Provision for loan and lease losses
  • $176Total noninterest income
  • $0Fiduciary activities
  • $99Service charges on deposit accounts
  • $0Trading account gains & fees
  • $77Additional noninterest income
  • $233Total noninterest expense
  • $130Salaries and employee benefits
  • $18Premises and equipment expense
  • $85Additional noninterest expense
  • $95Pre-tax net operating income
  • $0Securities gains (losses)
  • $34Applicable income taxes
  • $61Income before extraordinary items
  • $0Extraordinary gains - net
  • $61Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $116Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.89%Yield on earning assets
  • 1.76%Cost of funding earning assets
  • 8.14%Net interest margin
  • 5.73%Noninterest income to earning assets
  • 7.58%Noninterest expense to earning assets
  • 1.63%Net operating income to assets
  • 1.63%Return on assets (ROA)
  • 2.53%Pretax return on assets
  • 2.63%Return on equity (ROE)
  • 2.63%Retained earnings to average equity (YTD only)
  • 11.27%Net charge-offs to loans
  • 84.48%Credit loss provision to net charge-offs
  • 1.66%Efficiency ratio
  • 54,695Assets per employee
  • 1.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.30%Loss allowance to noncurrent loans
  • 1025.00%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.42%Net loans and leases to deposits
  • 58.91%Net loans and leases to core deposits
  • 58.91%Equity capital to assets
  • 55.45%Core capital (leverage) ratio
  • 61.72%Tier 1 risk-based capital ratio
  • 144.79%Total risk-based capital ratio
  • Memoranda
  • $146Average assets
  • $3,751Average earning assets
  • $2,316Average equity
  • $3,073Average loans

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