Colorado Community First National Bank in Sterling, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 30, 1995

  • Colorado Community First National Bank in Sterling, Colorado (CO)
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Colorado Community First National Bank - Overview

  • General
  • FDIC Certificate #: 18633
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First National Bank (#14297)
    Federal Reserve ID: 116657
    Date Established: November 16, 1962
    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)
    OTS Docket #: 10007
    FDIC's unique #: 12517
    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: November 16, 1962
    Last Structure Change Effective Date: November 30, 1995
    Last Structure Change Process Date: December 12, 1995
    Last Data Update: December 12, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 130 North Third Street, Sterling, CO 80751
    County: Logan
    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): Sterling, CO (#44540)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $30.4 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $17Total assets
  • $30,653Cash and due from depository institutions
  • $1,539Interest-bearing balances
  • $0Securities
  • $6,857Federal funds sold & reverse repurchase agreements
  • $770Net loans & leases
  • $20,077Loan loss allowance
  • $185Trading account assets
  • $0Bank premises and fixed assets
  • $835Other real estate owned
  • $0Goodwill and other intangibles
  • $575Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $30,653Total liabilities
  • $28,076Total deposits
  • $26,455Interest-bearing deposits
  • $21,159Deposits held in domestic offices
  • 26455.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,500Subordinated debt
  • $0All other liabilities
  • $121Total equity capital
  • $121Total bank equity capital
  • $2,577Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $500Undivided profits
  • Memoranda
  • $1,577Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $347Earning assets
  • $27,704Long-term assets (5+ years)
  • $2,765Average Assets, year-to-date
  • $30,140Average Assets, quarterly
  • $30,384Volatile liabilities
  • $1,721Insider loans
  • $718FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $8,388Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,671Total risk weighted assets
  • $22,244Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,186Total interest expense
  • $762Net interest income
  • $1,424Provision for loan and lease losses
  • $0Total noninterest income
  • $269Fiduciary activities
  • $0Service charges on deposit accounts
  • $160Trading account gains & fees
  • $0Additional noninterest income
  • $109Total noninterest expense
  • $1,074Salaries and employee benefits
  • $511Premises and equipment expense
  • $148Additional noninterest expense
  • $415Pre-tax net operating income
  • $619Securities gains (losses)
  • $4Applicable income taxes
  • $207Income before extraordinary items
  • $416Extraordinary gains - net
  • $0Net income attributable to bank
  • $416Net charge-offs
  • $2Cash dividends
  • $366Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.94%Cost of funding earning assets
  • 2.77%Net interest margin
  • 5.17%Noninterest income to earning assets
  • 0.98%Noninterest expense to earning assets
  • 3.90%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 2.07%Return on equity (ROE)
  • 16.19%Retained earnings to average equity (YTD only)
  • 1.95%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 63,438Assets per employee
  • 1.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 87.98%Loss allowance to loans
  • 0.91%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 75.89%Net loans and leases to core deposits
  • 81.17%Equity capital to assets
  • 8.41%Core capital (leverage) ratio
  • 8.82%Tier 1 risk-based capital ratio
  • 12.01%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $30,140Average earning assets
  • $2,569Average equity
  • $27,545Average loans

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