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

This bank is inactive as of December 06, 2003

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

  • General
  • FDIC Certificate #: 24500
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank, National Association (#3511)
    Federal Reserve ID: 559254
    Date Established: June 01, 1983
    WWW: http://www.bogj.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 15561
    FDIC's unique #: 17027
    Numeric code: 21
    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: June 01, 1983
    Last Structure Change Effective Date: December 06, 2003
    Last Structure Change Process Date: December 22, 2003
    Last Data Update: December 22, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 2415 F Road, Grand Junction, CO 81505
    County: Mesa
    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): 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: $66.0 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, 2002)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $72,487Total assets
  • $4,811Cash and due from depository institutions
  • $207Interest-bearing balances
  • $28,789Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $34,880Net loans & leases
  • $283Loan loss allowance
  • $0Trading account assets
  • $2,982Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,025All other assets
  • $72,487Total liabilities and capital
  • $66,739Total liabilities
  • $63,181Total deposits
  • $43,240Interest-bearing deposits
  • $63,181Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,100Other borrowed funds
  • $0Subordinated debt
  • $458All other liabilities
  • $5,748Total equity capital
  • $5,748Total bank equity capital
  • $5,748Perpetual preferred stock
  • $0Common stock
  • $605Surplus
  • $1,750Undivided profits
  • Memoranda
  • $3,393Noncurrent loans and leases
  • $9,389Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $21Earning assets
  • $0Long-term assets (5+ years)
  • $368Average Assets, year-to-date
  • $63,876Average Assets, quarterly
  • $2,921Volatile liabilities
  • $66,841Insider loans
  • $71,447FHLB advances
  • $6,436Loans and leases held for sale
  • $676Unused loan commitments
  • $3,100Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,389Total unused commitments
  • $237Restructured Loans and leases
  • $283Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $3,791Total interest income
  • $1,037Total interest expense
  • $2,754Net interest income
  • -$125Provision for loan and lease losses
  • $570Total noninterest income
  • $0Fiduciary activities
  • $375Service charges on deposit accounts
  • $0Trading account gains & fees
  • $195Additional noninterest income
  • $2,358Total noninterest expense
  • $1,386Salaries and employee benefits
  • $273Premises and equipment expense
  • $699Additional noninterest expense
  • $1,091Pre-tax net operating income
  • $1Securities gains (losses)
  • $284Applicable income taxes
  • $808Income before extraordinary items
  • $0Extraordinary gains - net
  • $808Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $42Sale, conversion, retirement of capital stock, net
  • $120Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.45%Yield on earning assets
  • 1.77%Cost of funding earning assets
  • 4.69%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 4.01%Noninterest expense to earning assets
  • 1.21%Net operating income to assets
  • 1.21%Return on assets (ROA)
  • 1.63%Pretax return on assets
  • 15.35%Return on equity (ROE)
  • 13.07%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • -297.62%Credit loss provision to net charge-offs
  • 23.00%Efficiency ratio
  • 70,878Assets per employee
  • 1.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.85%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 1347.62%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 55.21%Net loans and leases to core deposits
  • 58.45%Equity capital to assets
  • 7.93%Core capital (leverage) ratio
  • 7.78%Tier 1 risk-based capital ratio
  • 13.28%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $66,841Average earning assets
  • $5,263Average equity
  • $58,736Average loans

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