Bank One, Colorado Springs, National Association in Colorado Springs, Colorado (CO)



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Bank One, Colorado Springs, National Association
GeneralFDIC Certificate #: 3004
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank One, Colorado, National Association (#18914)
Federal Reserve ID: 781055
Date Established: September 08, 1874
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 6 (Interstate: No)
FDIC's unique #: 1903
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: January 01, 1934
Last Structure Change Effective Date: January 01, 1995
Last Structure Change Process Date: January 12, 1995
Last Data Update: January 12, 1995
Data Source Date: April 05, 2012
LocationAddress: Pikes Peak At Tejon Street, Colorado Springs, CO 80901
County: El Paso
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
Metropolitan Statistical Area (MSA): Colorado Springs, CO (#1720)
Core Based Statistical Area (CBSA): Colorado Springs, CO (#17820)
CBSA Metro Statistical Area: Colorado Springs, CO (#17820)
Financial SummaryTotal assets: $474.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$232
Cash and due from depository institutions$474,545
Interest-bearing balances$19,714
Securities$0
Federal funds sold & reverse repurchase agreements$71,108
Net loans & leases$67,255
Loan loss allowance $295,320
Trading account assets$3,308
Bank premises and fixed assets$0
Other real estate owned$14,952
Goodwill and other intangibles$254
All other assets$57
Life insurance assets$5,885
Total liabilities and capital$0
Total liabilities$474,545
Total deposits$432,971
Interest-bearing deposits$371,756
Deposits held in domestic offices$252,977
% insured (estimated)371756.00%
Federal funds purchased & repurchase agreements $80
Trading liabilities$58,491
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$2,724
Total bank equity capital$2,724
Perpetual preferred stock$41,574
Common stock$0
Surplus$1,650
Undivided profits $17,311
Memoranda
Noncurrent loans and leases $22,613
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,969
Earning assets $1,477
Long-term assets (5+ years) $433,683
Average Assets, year-to-date $35,732
Average Assets, quarterly $463,669
Volatile liabilities $462,807
Insider loans $65,668
FHLB advances $3,742
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $90,015
Tier 2 risk-based capital $0
Total risk weighted assets $41,898
Total unused commitments $326,979
Restructured Loans and leases $0
Derivatives$165,915
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Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $33,415
Net interest income $8,562
Provision for loan and lease losses $24,853
Total noninterest income -$355
Fiduciary activities $10,149
Service charges on deposit accounts $4,192
Trading account gains & fees $3,851
Additional noninterest income $0
Total noninterest expense $2,106
Salaries and employee benefits $25,418
Premises and equipment expense $8,428
Additional noninterest expense $1,778
Pre-tax net operating income $15,212
Securities gains (losses) $9,939
Applicable income taxes -$223
Income before extraordinary items $3,182
Extraordinary gains - net $6,534
Net income attributable to bank $0
Net charge-offs $6,534
Cash dividends $572
Sale, conversion, retirement of capital stock, net $6,800
Net operating income $0
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Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.07%
Net interest margin 2.07%
Noninterest income to earning assets 6.00%
Noninterest expense to earning assets 2.45%
Net operating income to assets 6.14%
Return on assets (ROA) 1.44%
Pretax return on assets 1.41%
Return on equity (ROE) 2.10%
Retained earnings to average equity (YTD only) 15.62%
Net charge-offs to loans -0.64%
Credit loss provision to net charge-offs 0.19%
Efficiency ratio-62.06%
Assets per employee$72,530
Cash dividends to net income (YTD only)2.05%
Condition Ratios (%)
Loss allowance to loans 104.07%
Loss allowance to noncurrent loans 1.11%
Noncurrent assets plus other real estate owned to assets 168.00%
Noncurrent loans to loans 0.47%
Net loans and leases to deposits0.66%
Net loans and leases to core deposits 79.44%
Equity capital to assets 81.00%
Core capital (leverage) ratio 8.76%
Tier 1 risk-based capital ratio 9.06%
Total risk-based capital ratio 12.81%
Memoranda
Average assets$14
Average earning assets$463,669
Average equity $41,832
Average loans $414,220
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