Colorado East Bank & Trust in Lamar, Colorado (CO), KS

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Colorado East Bank & Trust
GeneralFDIC Certificate #: 3027
Status: Active
Federal Reserve ID: 320155
Bank Holding Company (Regulatory Top Holder): Coloeast Bankshares, Inc. (RSSDID: 2146359, Location: Lamar, CO)
Date Established: April 22, 1905
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 18 (Domestic: 18, Interstate: Yes)
FDIC's unique #: 1924
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: November 01, 2011
Last Structure Change Process Date: November 01, 2011
Last Data Update: November 01, 2011
Data Source Date: April 05, 2012
LocationAddress: 100 West Pearl Street, Lamar, CO 81052
County: Prowers
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
Financial SummaryTotal assets: $798.2 mil
Equity capital: $88.5 mil
Deposits held in domestic offices: $704.8 mil
Return on assets (ROA): -0.74% (-$5.9 mil)
Quarterly return on assets: -0.21% (-$1.7 mil)
Return on Equity (ROE): -6.91% (-$6.1 mil)
Quarterly return on equity: -1.96% (-$1.7 mil)
Net income: -$6.2 mil
Quarterly Net income: -$0.4 mil
Pretax return on assets: -1.38% (-$11,014.7 mil)
Quarterly Pretax return on assets: -2.90% (-$23,146.8 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)
Total employees (full-time equivalent)236
Total assets$798,164
Cash and due from depository institutions$59,504
Interest-bearing balances$43,786
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$480,216
Loan loss allowance $10,987
Trading account assets$0
Bank premises and fixed assets$21,411
Other real estate owned$24,191
Goodwill and other intangibles$12,449
All other assets$26,658
Life insurance assets$798,164
Total liabilities and capital$709,672
Total liabilities$704,838
Total deposits$585,481
Interest-bearing deposits$704,838
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,306
Other borrowed funds $0
Subordinated debt $2,528
All other liabilities $88,492
Total equity capital$88,492
Total bank equity capital$88,492
Perpetual preferred stock$0
Common stock$110
Undivided profits $25,121
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $21,354
Earning assets $53
Long-term assets (5+ years) $8,737
Average Assets, year-to-date $697,737
Average Assets, quarterly $272,914
Volatile liabilities $839,420
Insider loans $813,763
FHLB advances $565,710
Loans and leases held for sale $789,802
Unused loan commitments $7,655
Tier 1 (core) risk-based capital $6,935
Tier 2 risk-based capital $71,842
Total risk weighted assets $720
Total unused commitments $0
Restructured Loans and leases $78,413
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $37,648
Total interest expense $7,343
Net interest income $30,305
Provision for loan and lease losses $14,769
Total noninterest income -$3,033
Fiduciary activities $161
Service charges on deposit accounts $1,528
Trading account gains & fees $0
Additional noninterest income -$4,722
Total noninterest expense $24,037
Salaries and employee benefits $13,197
Premises and equipment expense $2,899
Additional noninterest expense $7,941
Pre-tax net operating income -$11,534
Securities gains (losses) -$36
Applicable income taxes -$5,375
Income before extraordinary items -$6,195
Extraordinary gains - net $0
Net income attributable to bank -$6,195
Net charge-offs $0
Cash dividends -$6,195
Sale, conversion, retirement of capital stock, net $11,457
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.05%
Cost of funding earning assets 0.99%
Net interest margin 4.07%
Noninterest income to earning assets -0.41%
Noninterest expense to earning assets 3.23%
Net operating income to assets -0.74%
Return on assets (ROA) -0.74%
Pretax return on assets -1.38%
Return on equity (ROE) -6.91%
Retained earnings to average equity (YTD only) -6.91%
Net charge-offs to loans 2.22%
Credit loss provision to net charge-offs 128.91%
Efficiency ratio0.28%
Assets per employee$86,774
Cash dividends to net income (YTD only)3.38%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.24%
Noncurrent assets plus other real estate owned to assets 51.45%
Noncurrent loans to loans 5.71%
Net loans and leases to deposits4.35%
Net loans and leases to core deposits 68.13%
Equity capital to assets 72.38%
Core capital (leverage) ratio 11.09%
Tier 1 risk-based capital ratio 9.10%
Total risk-based capital ratio 12.70%
Average assets$14
Average earning assets$839,420
Average equity $89,659
Average loans $745,236
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$48,255
Number of Accounts1
Personal trust and agency accounts$17,664
Employee benefit-defined contribution accounts$10,987
Employee benefit-defined benefit accounts$0
Other retirement accounts$3,504
Corporate trust and agency accounts$0
Investment management agency accounts$111
Other fiduciary accounts$604
Fiduciary accounts held in foreign offices$2,458
Non-managed Assets$0
Number of Accounts293
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$30,591
Corporate trust and agency accounts$4,679
Other fiduciary accounts$277
Fiduciary accounts held in foreign offices$25,635
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Bank Assets Sold and Securitized (December 31, 2010)
(Dollar figures in thousands)
Principal balance with servicing or other recourse retained
1-4 family residential loans $11,339
Home equity lines$0
Credit cards receivables$0
Auto loans$0
Other consumer loans$0
Commercial and industrial loans$0
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16 Colorado Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
01924Colorado East Bank & Trust100 West Pearl Street, Lamar, CO 81052April 22, 1905Full Service Brick and Mortar
11175Granada Branch108 East Goff Street, Granada, CO 81041January 01, 1915Full Service Brick and Mortar
2190130Holly Branch101 North Main, Holly, CO 81047September 15, 1994Full Service Brick and Mortar
315777Springfield Branch1030 Main Street, Springfield, CO 81073March 01, 1978Full Service Brick and Mortar
418135La Junta Branch405 Colorado Avenue, La Junta, CO 81050January 03, 1978Full Service Brick and Mortar
6359075Keenesburg Branch550 East Woodward Avenue, Keenesburg, CO 80643October 10, 1946Full Service Brick and Mortar
7419058La Salle Branch207 1st Avenue, La Salle, CO 80645May 05, 2003Full Service Brick and Mortar
8439657Dacono Branch801 Flying Circle Blvd., Dacono, CO 80514April 04, 2005Full Service Brick and Mortar
9360384Pueblo Branch1515 Fortino Boulevard, Pueblo, CO 81008June 11, 2001Full Service Brick and Mortar
10429725Pueblo West Branch94 S Tiffany, Pueblo West, CO 81007December 17, 2003Full Service Brick and Mortar
13238029Buena Vista Branch725 Highway 24 North, Buena Vista, CO 81211June 09, 1997Full Service Brick and Mortar
1413446Fairplay Branch351 Highway 285, Fairplay, CO 80440May 01, 1898Full Service Brick and Mortar
15466528Prairie Avenue Branch1219 S. Prairie Avenue, Pueblo, CO 81005April 30, 2007Full Service Brick and Mortar
161948Stratton Branch141 Colorado Avenue, Stratton, CO 80836January 01, 1918Full Service Brick and Mortar
17480412Severance Branch399 West 4th Avenue, Severance, CO 80546March 17, 2008Full Service Brick and Mortar
18480413Mead Branch141 Main Street, Mead, CO 80542March 17, 2008Full Service Brick and Mortar
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2 Kansas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
113197Tribune Branch423 Broadway, Tribune, KS 67879January 01, 1922Full Service Brick and Mortar
1211579Morton Street Branch432 Morton Street, Elkhart, KS 67950July 20, 1915Full Service Brick and Mortar
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