Citizens Bank of Pagosa Springs in Pagosa Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches


Citizens Bank of Pagosa Springs - Overview

  • General
  • FDIC Certificate #: 33511
    Status: Active
    Federal Reserve ID: 1900675
    Bank Holding Company (Regulatory Top Holder): Southern Colorado Corp. (RSSDID: 1131620, Location: Inverness, IL)
    Date Established: October 25, 1991
    WWW: http://www.citizensbankpagosa.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 47283
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 25, 1991
    Last Structure Change Effective Date: April 19, 2011
    Last Structure Change Process Date: April 21, 2011
    Last Data Update: April 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 703 San Juan Street, Pagosa Springs, CO 81147
    County: Archuleta
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $71.2 mil
    Equity capital: $7.2 mil
    Deposits held in domestic offices: $63.9 mil
    Return on assets (ROA): 0.33% ($0.2 mil)
    Quarterly return on assets: 0.03% ($0.0 mil)
    Return on Equity (ROE): 3.42% ($0.2 mil)
    Quarterly return on equity: 0.33% ($0.0 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.33% ($234.8 mil)
    Quarterly Pretax return on assets: 0.03% ($21.3 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
  • 15Total employees (full-time equivalent)
  • $71,163Total assets
  • $5,542Cash and due from depository institutions
  • $3,668Interest-bearing balances
  • $24,704Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $36,487Net loans & leases
  • $2,010Loan loss allowance
  • $0Trading account assets
  • $2,036Bank premises and fixed assets
  • $1,609Other real estate owned
  • $0Goodwill and other intangibles
  • $71,163Life insurance assets
  • $785All other assets
  • $64,011Total liabilities and capital
  • $63,858Total liabilities
  • $48,300Total deposits
  • $63,858Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $153Subordinated debt
  • $7,152All other liabilities
  • $7,152Total equity capital
  • $7,152Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $4,700Surplus
  • $2,252Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,648Income earned, not collected on loans
  • $0Earning assets
  • $223Long-term assets (5+ years)
  • $64,859Average Assets, year-to-date
  • $9,395Average Assets, quarterly
  • $72,490Volatile liabilities
  • $71,828Insider loans
  • $47,938FHLB advances
  • $72,087Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,340Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,579Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,015Total interest income
  • $471Total interest expense
  • $2,544Net interest income
  • $300Provision for loan and lease losses
  • $255Total noninterest income
  • $0Fiduciary activities
  • $111Service charges on deposit accounts
  • $0Trading account gains & fees
  • $144Additional noninterest income
  • $2,099Total noninterest expense
  • $951Salaries and employee benefits
  • $367Premises and equipment expense
  • $781Additional noninterest expense
  • $400Pre-tax net operating income
  • -$163Securities gains (losses)
  • $0Applicable income taxes
  • $237Income before extraordinary items
  • $0Extraordinary gains - net
  • $237Net income attributable to bank
  • $0Net charge-offs
  • $237Cash dividends
  • $561Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 3.86%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 3.42%Return on equity (ROE)
  • 3.42%Retained earnings to average equity (YTD only)
  • 1.31%Net charge-offs to loans
  • 53.48%Credit loss provision to net charge-offs
  • 1.25%Efficiency ratio
  • 74,991Assets per employee
  • 4.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.22%Loss allowance to noncurrent loans
  • 121.97%Noncurrent assets plus other real estate owned to assets
  • 4.87%Noncurrent loans to loans
  • 4.28%Net loans and leases to deposits
  • 57.14%Net loans and leases to core deposits
  • 57.60%Equity capital to assets
  • 10.05%Core capital (leverage) ratio
  • 10.18%Tier 1 risk-based capital ratio
  • 15.31%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $72,490Average earning assets
  • $6,922Average equity
  • $65,946Average loans

List of branches

  • 2 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    047283Citizens Bank Of Pagosa Springs703 San Juan Street, Pagosa Springs, CO 81147October 25, 1991Full Service Brick and Mortar
    3289694Pagosa Springs Branch27 Talisman Drive, Pagosa Springs, CO 81147December 31, 1997Full Service Brick and Mortar

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