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 routing number info

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

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