Central Bank, National Association in Denver, Colorado (CO)



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Central Bank, National Association
GeneralFDIC Certificate #: 1139
Status: Inactive
Closing history: Corrections
Acquiring institution: Bank Western National Association (#28736)
Federal Reserve ID: 972059
Date Established: January 01, 1892
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 36 (Interstate: No)
FDIC's unique #: 778
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 08, 1993
Last Structure Change Process Date: June 02, 1993
Last Data Update: August 24, 1994
Data Source Date: April 05, 2012
LocationAddress: 1515 Arapahoe Street, Denver, CO 80292
County: Denver
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): Denver, CO (#2080)
Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
Core Based Statistical Area (CBSA): Denver-Aurora-Broomfield, CO (#19740)
CBSA Metro Statistical Area: Denver-Aurora-Broomfield, CO (#19740)
History of ChangesMerger - Without Assistance
Corrections
Financial SummaryTotal assets: $2,208.5 mil
Assets and Liabilities (December 31, 1992)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$501
Cash and due from depository institutions$2,227,334
Interest-bearing balances$247,876
Securities$100,000
Federal funds sold & reverse repurchase agreements$87,988
Net loans & leases$378,812
Loan loss allowance $1,398,014
Trading account assets$19,575
Bank premises and fixed assets$0
Other real estate owned$56,871
Goodwill and other intangibles$468
All other assets$9,556
Life insurance assets$47,749
Total liabilities and capital$0
Total liabilities$2,227,334
Total deposits$2,073,492
Interest-bearing deposits$1,917,508
Deposits held in domestic offices$1,491,252
% insured (estimated)1917508.00%
Federal funds purchased & repurchase agreements $81
Trading liabilities$76,976
Other borrowed funds $0
Subordinated debt $20,424
All other liabilities $37,000
Total equity capital$21,584
Total bank equity capital$21,584
Perpetual preferred stock$153,842
Common stock$0
Surplus$14,996
Undivided profits $93,794
Memoranda
Noncurrent loans and leases $45,052
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,707
Earning assets $10,612
Long-term assets (5+ years) $1,964,814
Average Assets, year-to-date $69,245
Average Assets, quarterly $2,164,162
Volatile liabilities $2,184,081
Insider loans $194,262
FHLB advances $0
Loans and leases held for sale $0
Unused loan commitments $153
Tier 1 (core) risk-based capital $2,648,654
Tier 2 risk-based capital $0
Total risk weighted assets $144,286
Total unused commitments $1,682,321
Restructured Loans and leases $0
Derivatives$204,000
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Income and Expense (December 31, 1992)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $155,234
Net interest income $72,059
Provision for loan and lease losses $83,175
Total noninterest income $21,780
Fiduciary activities $51,970
Service charges on deposit accounts $3,931
Trading account gains & fees $9,873
Additional noninterest income $0
Total noninterest expense $38,166
Salaries and employee benefits $101,136
Premises and equipment expense $19,063
Additional noninterest expense $7,364
Pre-tax net operating income $74,709
Securities gains (losses) $12,229
Applicable income taxes $0
Income before extraordinary items $3,722
Extraordinary gains - net $8,507
Net income attributable to bank $13,909
Net charge-offs $22,416
Cash dividends $21,000
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1992)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.09%
Net interest margin 3.75%
Noninterest income to earning assets 4.33%
Noninterest expense to earning assets 2.71%
Net operating income to assets 5.27%
Return on assets (ROA) 0.39%
Pretax return on assets 1.04%
Return on equity (ROE) 1.21%
Retained earnings to average equity (YTD only) 16.49%
Net charge-offs to loans 16.49%
Credit loss provision to net charge-offs 1.82%
Efficiency ratio103.71%
Assets per employee$72,802
Cash dividends to net income (YTD only)4.45%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.38%
Noncurrent assets plus other real estate owned to assets 415.87%
Noncurrent loans to loans 0.23%
Net loans and leases to deposits0.33%
Net loans and leases to core deposits 72.91%
Equity capital to assets 77.40%
Core capital (leverage) ratio 6.91%
Tier 1 risk-based capital ratio 6.63%
Total risk-based capital ratio 8.58%
Memoranda
Average assets$12
Average earning assets$2,164,162
Average equity $135,925
Average loans $1,919,783
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