Colorado National Bank in Colorado Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 20, 2009

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

Colorado National Bank - Overview

  • General
  • FDIC Certificate #: 18896
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Herring Bank (#5568)
    Federal Reserve ID: 904957
    Date Established: September 24, 1963
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 12746
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: September 24, 1963
    Last Structure Change Effective Date: March 20, 2009
    Last Structure Change Process Date: March 23, 2009
    Last Data Update: March 23, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 3110 North Nevada Avenue, Colorado Springs, CO 80933
    County: El Paso
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Colorado Springs, CO (#1720)
    Core Based Statistical Area (CBSA): Colorado Springs, CO (#17820)
    CBSA Metro Statistical Area: Colorado Springs, CO (#17820)
  • Financial Summary
  • Total assets: $123.5 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, 2008)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $123,508Total assets
  • $24,742Cash and due from depository institutions
  • $19,526Interest-bearing balances
  • $26,529Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $58,925Net loans & leases
  • $3,098Loan loss allowance
  • $0Trading account assets
  • $6,529Bank premises and fixed assets
  • $1,032Other real estate owned
  • $0Goodwill and other intangibles
  • $2,193Life insurance assets
  • $5,751All other assets
  • $123,508Total liabilities and capital
  • $116,110Total liabilities
  • $85,150Total deposits
  • $67,497Interest-bearing deposits
  • $85,150Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $30,134Other borrowed funds
  • $0Subordinated debt
  • $826All other liabilities
  • $7,398Total equity capital
  • $7,398Total bank equity capital
  • $7,398Perpetual preferred stock
  • $0Common stock
  • $93Surplus
  • $14,160Undivided profits
  • Memoranda
  • $-6,855Noncurrent loans and leases
  • $1,962Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $15,201Earning assets
  • $0Long-term assets (5+ years)
  • $426Average Assets, year-to-date
  • $104,980Average Assets, quarterly
  • $24,936Volatile liabilities
  • $131,292Insider loans
  • $120,304FHLB advances
  • $12,542Loans and leases held for sale
  • $1,300Unused loan commitments
  • $30,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,962Total unused commitments
  • $0Restructured Loans and leases
  • $1,016Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $7,288Total interest income
  • $3,869Total interest expense
  • $3,419Net interest income
  • $2,534Provision for loan and lease losses
  • $429Total noninterest income
  • $0Fiduciary activities
  • $301Service charges on deposit accounts
  • $0Trading account gains & fees
  • $128Additional noninterest income
  • $9,864Total noninterest expense
  • $1,470Salaries and employee benefits
  • $615Premises and equipment expense
  • $7,779Additional noninterest expense
  • -$8,550Pre-tax net operating income
  • -$558Securities gains (losses)
  • -$559Applicable income taxes
  • -$8,549Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,549Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $374Sale, conversion, retirement of capital stock, net
  • $75Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.50%Yield on earning assets
  • 3.45%Cost of funding earning assets
  • 3.05%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 8.80%Noninterest expense to earning assets
  • -6.11%Net operating income to assets
  • -6.51%Return on assets (ROA)
  • -6.94%Pretax return on assets
  • -85.11%Return on equity (ROE)
  • -85.86%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 677.54%Credit loss provision to net charge-offs
  • -16.09%Efficiency ratio
  • 99,662Assets per employee
  • 5.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -0.88%Loss allowance to loans
  • 4.99%Loss allowance to noncurrent loans
  • 20.38%Noncurrent assets plus other real estate owned to assets
  • 13.14%Noncurrent loans to loans
  • 24.51%Net loans and leases to deposits
  • 69.20%Net loans and leases to core deposits
  • 81.01%Equity capital to assets
  • 5.99%Core capital (leverage) ratio
  • 5.55%Tier 1 risk-based capital ratio
  • 8.65%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $131,292Average earning assets
  • $10,045Average equity
  • $112,046Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Colorado National Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents