Canon National Bank in Canon City, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

Canon National Bank - Overview

  • General
  • FDIC Certificate #: 21801
    Status: Active
    Federal Reserve ID: 708454
    Bank Holding Company (Regulatory Top Holder): Canon Bank Corporation (RSSDID: 3195804, Location: Canon City, CO)
    Date Established: October 23, 1974
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 14346
    FDIC's unique #: 15101
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 23, 1974
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 816 Royal Gorge Boulevard, Canon City, CO 81212
    County: Fremont
    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
    Core Based Statistical Area (CBSA): Ca?on City, CO (#15860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $226.6 mil
    Equity capital: $24.8 mil
    Deposits held in domestic offices: $201.0 mil
    Return on assets (ROA): 0.24% ($0.5 mil)
    Quarterly return on assets: 0.50% ($1.1 mil)
    Return on Equity (ROE): 2.22% ($0.6 mil)
    Quarterly return on equity: 4.55% ($1.1 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.25% ($566.4 mil)
    Quarterly Pretax return on assets: 0.66% ($1,495.4 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, 2011)

  • Dollar figures in thousands
  • 80Total employees (full-time equivalent)
  • $226,571Total assets
  • $10,046Cash and due from depository institutions
  • $5,682Interest-bearing balances
  • $87,088Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $116,261Net loans & leases
  • $3,680Loan loss allowance
  • $0Trading account assets
  • $6,344Bank premises and fixed assets
  • $4,190Other real estate owned
  • $0Goodwill and other intangibles
  • $226,571Life insurance assets
  • $2,642All other assets
  • $201,753Total liabilities and capital
  • $200,975Total liabilities
  • $151,202Total deposits
  • $200,975Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $778Subordinated debt
  • $24,818All other liabilities
  • $24,818Total equity capital
  • $24,818Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $4,500Surplus
  • $19,318Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,150Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,267Income earned, not collected on loans
  • $0Earning assets
  • $753Long-term assets (5+ years)
  • $209,031Average Assets, year-to-date
  • $89,400Average Assets, quarterly
  • $227,067Volatile liabilities
  • $227,392Insider loans
  • $142,973FHLB advances
  • $224,720Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,997Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,386Restructured Loans and leases
  • $551Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,656Total interest income
  • $2,256Total interest expense
  • $8,400Net interest income
  • $586Provision for loan and lease losses
  • $1,205Total noninterest income
  • $0Fiduciary activities
  • $924Service charges on deposit accounts
  • $0Trading account gains & fees
  • $281Additional noninterest income
  • $8,495Total noninterest expense
  • $4,319Salaries and employee benefits
  • $976Premises and equipment expense
  • $3,200Additional noninterest expense
  • $524Pre-tax net operating income
  • $37Securities gains (losses)
  • $19Applicable income taxes
  • $542Income before extraordinary items
  • $0Extraordinary gains - net
  • $542Net income attributable to bank
  • $0Net charge-offs
  • $542Cash dividends
  • $1,066Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 4.01%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 4.05%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.25%Pretax return on assets
  • 2.22%Return on equity (ROE)
  • 2.22%Retained earnings to average equity (YTD only)
  • 0.89%Net charge-offs to loans
  • 54.97%Credit loss provision to net charge-offs
  • 1.04%Efficiency ratio
  • 88,444Assets per employee
  • 2.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.07%Loss allowance to noncurrent loans
  • 112.64%Noncurrent assets plus other real estate owned to assets
  • 3.29%Noncurrent loans to loans
  • 2.72%Net loans and leases to deposits
  • 57.85%Net loans and leases to core deposits
  • 59.25%Equity capital to assets
  • 10.95%Core capital (leverage) ratio
  • 9.79%Tier 1 risk-based capital ratio
  • 15.39%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $227,067Average earning assets
  • $24,391Average equity
  • $209,696Average loans

List of branches

  • 9 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015101Canon National Bank816 Royal Gorge Boulevard, Canon City, CO 81212October 23, 1974Full Service Brick and Mortar
    1253545Colorado Springs Branch3204 West Colorado Avenue, Colorado Springs, CO 80934August 01, 1996Full Service Brick and Mortar
    2253546Pueblo Branch101 West 5th Street, Pueblo, CO 81002May 02, 1994Full Service Brick and Mortar
    3253547Fremont Drive Branch2101 Fremont Drive, Canon City, CO 81212May 19, 1997Full Service Brick and Mortar
    415663One North Parkway BranchOne North Parkway, Colorado City, CO 81019May 31, 1977Full Service Brick and Mortar
    5253548Pueblo West Branch76 South Dunlap Drive, Pueblo West, CO 81007May 03, 1999Full Service Brick and Mortar
    6365131Florence Branch100 E. Main Street, Florence, CO 81226November 26, 2001Full Service Brick and Mortar
    7437140Pueblo Anherst Branch2 Amherst Avenue, Pueblo, CO 81005January 07, 2005Full Service Brick and Mortar
    9472088North Chelton Branch518 North Chelton Road, Colorado Springs, CO 80909January 07, 2008Full Service Brick and Mortar

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