FDIC Certificate #: 16758 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Valley Bank and Trust Co. (#34186) Federal Reserve ID: 66752 Date Established: January 17, 1949 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) OTS Docket #: 13750 FDIC's unique #: 10873 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: January 17, 1949 Last Structure Change Effective Date: September 17, 2001 Last Structure Change Process Date: October 04, 2001 Last Data Update: October 04, 2001 Data Source Date: April 05, 2012
Location
Address: 305 South Guyrene Street, Dove Creek, CO 81324 County: Dolores 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 Summary
Total assets: $32.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
14Total employees (full-time equivalent)
$30,709Total assets
$1,277Cash and due from depository institutions
$55Interest-bearing balances
$5,288Securities
$3,025Federal funds sold & reverse repurchase agreements
$18,456Net loans & leases
$225Loan loss allowance
$0Trading account assets
$1,042Bank premises and fixed assets
$118Other real estate owned
$766Goodwill and other intangibles
$0Life insurance assets
$737All other assets
$30,709Total liabilities and capital
$27,927Total liabilities
$27,714Total deposits
$25,275Interest-bearing deposits
$27,714Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$213All other liabilities
$2,782Total equity capital
$2,782Total bank equity capital
$2,782Perpetual preferred stock
$0Common stock
$180Surplus
$1,754Undivided profits
Memoranda
$848Noncurrent loans and leases
$915Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$329Earning assets
$0Long-term assets (5+ years)
$267Average Assets, year-to-date
$26,824Average Assets, quarterly
$3,641Volatile liabilities
$29,469Insider loans
$31,273FHLB advances
$6,952Loans and leases held for sale
$90Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$915Total unused commitments
$0Restructured Loans and leases
$225Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$2,355Total interest income
$1,103Total interest expense
$1,252Net interest income
$29Provision for loan and lease losses
$180Total noninterest income
$0Fiduciary activities
$82Service charges on deposit accounts
$0Trading account gains & fees
$98Additional noninterest income
$972Total noninterest expense
$471Salaries and employee benefits
$140Premises and equipment expense
$361Additional noninterest expense
$431Pre-tax net operating income
-$13Securities gains (losses)
$151Applicable income taxes
$267Income before extraordinary items
$0Extraordinary gains - net
$267Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$8Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.15%Yield on earning assets
4.29%Cost of funding earning assets
4.87%Net interest margin
0.70%Noninterest income to earning assets
3.78%Noninterest expense to earning assets
0.93%Net operating income to assets
0.91%Return on assets (ROA)
1.42%Pretax return on assets
10.25%Return on equity (ROE)
10.25%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
362.50%Credit loss provision to net charge-offs
57.50%Efficiency ratio
64,455Assets per employee
2.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
68.39%Noncurrent assets plus other real estate owned to assets
1.46%Noncurrent loans to loans
1.76%Net loans and leases to deposits
66.59%Net loans and leases to core deposits
88.89%Equity capital to assets
9.06%Core capital (leverage) ratio
6.55%Tier 1 risk-based capital ratio
9.85%Total risk-based capital ratio
Memoranda
$11Average assets
$29,469Average earning assets
$2,604Average equity
$25,727Average loans
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