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- Banks in Colorado (CO)
- Bank of Choice
Bank of Choice in Greeley, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of July 22, 2011
- Bank of Choice in Greeley, Colorado (CO)
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Bank of Choice - Overview
- General
- FDIC Certificate #: 2994
Status: Inactive
Closing history: Absorption - Assisted
Acquiring institution: Bank Midwest, National Association (#59052)
Federal Reserve ID: 875954
Date Established: January 01, 1896
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 17 (Interstate: No)
OTS Docket #: 14572
FDIC's unique #: 1894
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 22, 2011
Last Structure Change Process Date: July 25, 2011
Last Data Update: July 25, 2011
Data Source Date: April 05, 2012 - Location
- Address: 3780 West 10th Street, Greeley, CO 80634
County: Weld
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): Greeley, CO (#3060)
Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
Core Based Statistical Area (CBSA): Greeley, CO (#24540)
CBSA Metro Statistical Area: Greeley, CO (#24540) - Financial Summary
- Total assets: $954.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
- Dollar figures in thousands
- 220Total employees (full-time equivalent)
- $1,155,004Total assets
- $245,509Cash and due from depository institutions
- $230,862Interest-bearing balances
- $133,060Securities
- $0Federal funds sold & reverse repurchase agreements
- $657,884Net loans & leases
- $34,602Loan loss allowance
- $0Trading account assets
- $37,602Bank premises and fixed assets
- $39,145Other real estate owned
- $4,398Goodwill and other intangibles
- $17,148Life insurance assets
- $37,406All other assets
- $1,155,004Total liabilities and capital
- $1,128,037Total liabilities
- $995,715Total deposits
- $967,330Interest-bearing deposits
- $995,715Deposits held in domestic offices
- 91.54%% insured (estimated)
- $17,028Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $108,870Other borrowed funds
- $0Subordinated debt
- $6,424All other liabilities
- $26,967Total equity capital
- $26,967Total bank equity capital
- $26,967Perpetual preferred stock
- $0Common stock
- $2,000Surplus
- $117,408Undivided profits
- Memoranda
- $-92,441Noncurrent loans and leases
- $52,739Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $97,938Earning assets
- $0Long-term assets (5+ years)
- $2,982Average Assets, year-to-date
- $1,021,806Average Assets, quarterly
- $144,195Volatile liabilities
- $1,241,701Insider loans
- $1,194,476FHLB advances
- $340,334Loans and leases held for sale
- $29,653Unused loan commitments
- $108,870Tier 1 (core) risk-based capital
- $1,354Tier 2 risk-based capital
- $509Total risk weighted assets
- $52,739Total unused commitments
- $14,608Restructured Loans and leases
- $9,243Derivatives
Income and Expense (December 31, 2010)
- Dollar figures in thousands
- $48,613Total interest income
- $20,477Total interest expense
- $28,136Net interest income
- $46,640Provision for loan and lease losses
- -$5,046Total noninterest income
- $0Fiduciary activities
- $1,981Service charges on deposit accounts
- $0Trading account gains & fees
- -$7,027Additional noninterest income
- $33,706Total noninterest expense
- $13,682Salaries and employee benefits
- $4,738Premises and equipment expense
- $15,286Additional noninterest expense
- -$57,256Pre-tax net operating income
- $4,760Securities gains (losses)
- $7,016Applicable income taxes
- -$59,512Income before extraordinary items
- $0Extraordinary gains - net
- -$59,512Net income attributable to bank
- $0Net charge-offs
- -$59,512Cash dividends
- $37,836Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 2010)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 4.41%Yield on earning assets
- 1.86%Cost of funding earning assets
- 2.55%Net interest margin
- -0.46%Noninterest income to earning assets
- 3.06%Noninterest expense to earning assets
- -5.18%Net operating income to assets
- -4.79%Return on assets (ROA)
- -4.23%Pretax return on assets
- -86.31%Return on equity (ROE)
- -86.31%Retained earnings to average equity (YTD only)
- 4.90%Net charge-offs to loans
- 123.27%Credit loss provision to net charge-offs
- -0.28%Efficiency ratio
- 141,494Assets per employee
- 5.25%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 5.00%Loss allowance to noncurrent loans
- 35.33%Noncurrent assets plus other real estate owned to assets
- 11.87%Noncurrent loans to loans
- 14.14%Net loans and leases to deposits
- 66.07%Net loans and leases to core deposits
- 97.55%Equity capital to assets
- 2.33%Core capital (leverage) ratio
- 2.32%Tier 1 risk-based capital ratio
- 3.87%Total risk-based capital ratio
- Memoranda
- $5Average assets
- $1,241,701Average earning assets
- $68,949Average equity
- $1,101,555Average loans
- bankencyclopedia.com
- Banks in Colorado (CO)
- Bank of Choice
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