Citizens Bank in Westminster, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 30, 1998

  • Citizens Bank in Westminster, Colorado (CO)
  • Show street view No street view available for this location

Citizens Bank - Overview

  • General
  • FDIC Certificate #: 20137
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Vectra Bank Colorado, National Association (#2993)
    Federal Reserve ID: 416058
    Date Established: Febuary 09, 1970
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    OTS Docket #: 9707
    FDIC's unique #: 13834
    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: Febuary 09, 1970
    Last Structure Change Effective Date: November 30, 1998
    Last Structure Change Process Date: Febuary 03, 1999
    Last Data Update: Febuary 03, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 3300 West 72nd Avenue, Westminster, CO 80030
    County: Adams
    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)
  • Financial Summary
  • Total assets: $51.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $48,511Total assets
  • $3,251Cash and due from depository institutions
  • $79Interest-bearing balances
  • $12,639Securities
  • $4,085Federal funds sold & reverse repurchase agreements
  • $26,872Net loans & leases
  • $264Loan loss allowance
  • $0Trading account assets
  • $1,093Bank premises and fixed assets
  • $72Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $499All other assets
  • $48,511Total liabilities and capital
  • $43,882Total liabilities
  • $43,652Total deposits
  • $31,371Interest-bearing deposits
  • $43,652Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $230All other liabilities
  • $4,629Total equity capital
  • $4,629Total bank equity capital
  • $4,629Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $1,000Undivided profits
  • Memoranda
  • $2,629Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $10Earning assets
  • $0Long-term assets (5+ years)
  • $161Average Assets, year-to-date
  • $43,675Average Assets, quarterly
  • $1,921Volatile liabilities
  • $46,836Insider loans
  • $47,408FHLB advances
  • $2,345Loans and leases held for sale
  • $1,983Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,406Total unused commitments
  • $0Restructured Loans and leases
  • $26,462Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $3,441Total interest income
  • $1,029Total interest expense
  • $2,412Net interest income
  • $0Provision for loan and lease losses
  • $539Total noninterest income
  • $0Fiduciary activities
  • $377Service charges on deposit accounts
  • $0Trading account gains & fees
  • $162Additional noninterest income
  • $1,712Total noninterest expense
  • $1,039Salaries and employee benefits
  • $218Premises and equipment expense
  • $455Additional noninterest expense
  • $1,239Pre-tax net operating income
  • $0Securities gains (losses)
  • $422Applicable income taxes
  • $817Income before extraordinary items
  • $0Extraordinary gains - net
  • $817Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $12Sale, conversion, retirement of capital stock, net
  • $535Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.19%Yield on earning assets
  • 2.45%Cost of funding earning assets
  • 5.74%Net interest margin
  • 1.28%Noninterest income to earning assets
  • 4.08%Noninterest expense to earning assets
  • 1.74%Net operating income to assets
  • 1.74%Return on assets (ROA)
  • 2.65%Pretax return on assets
  • 18.27%Return on equity (ROE)
  • 6.31%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 103.25%Efficiency ratio
  • 58,014Assets per employee
  • 1.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.48%Loss allowance to loans
  • 0.97%Loss allowance to noncurrent loans
  • 2640.00%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 61.56%Net loans and leases to core deposits
  • 65.05%Equity capital to assets
  • 9.54%Core capital (leverage) ratio
  • 9.70%Tier 1 risk-based capital ratio
  • 17.39%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $46,836Average earning assets
  • $4,471Average equity
  • $42,012Average loans

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