Central Bank Grand Junction, National Association in Grand Junction, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 24, 1993

Central Bank Grand Junction, National Association in Grand Junction, Colorado (CO)
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Central Bank Grand Junction, National Association - Overview

General
FDIC Certificate #: 11967
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Colorado National Bank (#3010)
Federal Reserve ID: 375856
Date Established: January 01, 1933
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 7638
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 24, 1993
Last Structure Change Process Date: August 12, 1993
Last Data Update: August 12, 1993
Data Source Date: April 05, 2012
Location
Address: 422 White Avenue, Grand Junction, CO 81501
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: $151.9 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$40Total assets
$170,446Cash and due from depository institutions
$5,280Interest-bearing balances
$0Securities
$14,485Federal funds sold & reverse repurchase agreements
$92,045Net loans & leases
$48,788Loan loss allowance
$1,457Trading account assets
$0Bank premises and fixed assets
$8,182Other real estate owned
$45Goodwill and other intangibles
$1,621Life insurance assets
$0All other assets
$0Total liabilities and capital
$170,446Total liabilities
$160,188Total deposits
$153,315Interest-bearing deposits
$125,955Deposits held in domestic offices
153315.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$5,625Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,248Total equity capital
$1,248Total bank equity capital
$10,258Perpetual preferred stock
$0Common stock
$3,000Surplus
$12,000Undivided profits
Memoranda
$-4,742Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$62Income earned, not collected on loans
$402Earning assets
$155,318Long-term assets (5+ years)
$7,382Average Assets, year-to-date
$168,554Average Assets, quarterly
$170,286Volatile liabilities
$12,352Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$16,425Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,258Total risk weighted assets
$78,638Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$9,454Total interest expense
$5,843Net interest income
$3,611Provision for loan and lease losses
$0Total noninterest income
$2,841Fiduciary activities
$814Service charges on deposit accounts
$762Trading account gains & fees
$0Additional noninterest income
$1,265Total noninterest expense
$7,343Salaries and employee benefits
$1,601Premises and equipment expense
$379Additional noninterest expense
$5,363Pre-tax net operating income
-$891Securities gains (losses)
$0Applicable income taxes
-$420Income before extraordinary items
-$471Extraordinary gains - net
$269Net income attributable to bank
-$202Net charge-offs
$148Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.21%Cost of funding earning assets
3.84%Net interest margin
2.37%Noninterest income to earning assets
1.87%Noninterest expense to earning assets
4.82%Net operating income to assets
-0.28%Return on assets (ROA)
-0.12%Pretax return on assets
-0.37%Return on equity (ROE)
-2.17%Retained earnings to average equity (YTD only)
-2.17%Net charge-offs to loans
0.24%Credit loss provision to net charge-offs
0.00%Efficiency ratio
113,810Assets per employee
4.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.90%Loss allowance to noncurrent loans
2350.00%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.12%Net loans and leases to deposits
31.82%Net loans and leases to core deposits
33.28%Equity capital to assets
6.02%Core capital (leverage) ratio
6.16%Tier 1 risk-based capital ratio
13.04%Total risk-based capital ratio
Memoranda
$14Average assets
$168,554Average earning assets
$9,320Average equity
$152,235Average loans

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