Bank of Colorado - Western Slope in Grand Junction, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 16, 2000

Bank of Colorado - Western Slope in Grand Junction, Colorado (CO)
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Bank of Colorado - Western Slope - Overview

General
FDIC Certificate #: 22061
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Adams Bank & Trust (#18489)
Federal Reserve ID: 264259
Date Established: July 01, 1975
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
OTS Docket #: 13309
FDIC's unique #: 15313
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: July 01, 1975
Last Structure Change Effective Date: December 16, 2000
Last Structure Change Process Date: January 09, 2001
Last Data Update: January 09, 2001
Data Source Date: April 05, 2012
Location
Address: 200 Grand Avenue, Grand Junction, CO 81501
County: Mesa
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): Grand Junction, CO (#2995)
Core Based Statistical Area (CBSA): Grand Junction, CO (#24300)
CBSA Metro Statistical Area: Grand Junction, CO (#24300)
Financial Summary
Total assets: $168.5 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, 1999)

Dollar figures in thousands
76Total employees (full-time equivalent)
$157,366Total assets
$7,575Cash and due from depository institutions
$48Interest-bearing balances
$30,598Securities
$0Federal funds sold & reverse repurchase agreements
$109,409Net loans & leases
$1,566Loan loss allowance
$0Trading account assets
$7,654Bank premises and fixed assets
$0Other real estate owned
$488Goodwill and other intangibles
$0Life insurance assets
$1,642All other assets
$157,366Total liabilities and capital
$145,745Total liabilities
$134,876Total deposits
$101,576Interest-bearing deposits
$134,876Deposits held in domestic offices
0.00%% insured (estimated)
$4,859Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,100Other borrowed funds
$0Subordinated debt
$3,910All other liabilities
$11,621Total equity capital
$11,621Total bank equity capital
$11,621Perpetual preferred stock
$0Common stock
$1,707Surplus
$7,558Undivided profits
Memoranda
$2,356Noncurrent loans and leases
$22,112Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$767Earning assets
$23Long-term assets (5+ years)
$630Average Assets, year-to-date
$140,055Average Assets, quarterly
$8,376Volatile liabilities
$159,134Insider loans
$158,801FHLB advances
$19,576Loans and leases held for sale
$739Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$363Total risk weighted assets
$22,112Total unused commitments
$0Restructured Loans and leases
$1,554Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$11,745Total interest income
$4,232Total interest expense
$7,513Net interest income
$371Provision for loan and lease losses
$1,740Total noninterest income
$0Fiduciary activities
$617Service charges on deposit accounts
$0Trading account gains & fees
$1,123Additional noninterest income
$5,131Total noninterest expense
$2,932Salaries and employee benefits
$460Premises and equipment expense
$1,739Additional noninterest expense
$3,751Pre-tax net operating income
$0Securities gains (losses)
$1,325Applicable income taxes
$2,426Income before extraordinary items
$0Extraordinary gains - net
$2,426Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$297Sale, conversion, retirement of capital stock, net
$4,198Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.30%Yield on earning assets
2.99%Cost of funding earning assets
5.31%Net interest margin
1.23%Noninterest income to earning assets
3.63%Noninterest expense to earning assets
1.52%Net operating income to assets
1.52%Return on assets (ROA)
2.36%Pretax return on assets
17.93%Return on equity (ROE)
-13.10%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
124.92%Credit loss provision to net charge-offs
13.88%Efficiency ratio
53,950Assets per employee
2.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
173.04%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
204.17%Noncurrent assets plus other real estate owned to assets
0.49%Noncurrent loans to loans
0.69%Net loans and leases to deposits
81.12%Net loans and leases to core deposits
91.05%Equity capital to assets
7.38%Core capital (leverage) ratio
7.19%Tier 1 risk-based capital ratio
9.25%Total risk-based capital ratio
Memoranda
$10Average assets
$159,134Average earning assets
$13,527Average equity
$141,508Average loans

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