Community Banks of Southern Colorado in Rocky Ford, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 2004

  • Community Banks of Southern Colorado in Rocky Ford, Colorado (CO)
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Community Banks of Southern Colorado - Overview

  • General
  • FDIC Certificate #: 3052
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Community Banks of Colorado (#21132)
    Federal Reserve ID: 111951
    Date Established: April 28, 1908
    WWW: http://www.cobnks.comcbsc/
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Interstate: No)
    OTS Docket #: 15754
    FDIC's unique #: 1944
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 30, 2004
    Last Structure Change Process Date: October 14, 2004
    Last Data Update: October 14, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 North Main Street, Rocky Ford, CO 81067
    County: Otero
    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
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $108.7 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, 2003)

  • Dollar figures in thousands
  • 44Total employees (full-time equivalent)
  • $115,948Total assets
  • $11,540Cash and due from depository institutions
  • $5,805Interest-bearing balances
  • $6,005Securities
  • $1,700Federal funds sold & reverse repurchase agreements
  • $88,867Net loans & leases
  • $1,105Loan loss allowance
  • $0Trading account assets
  • $2,779Bank premises and fixed assets
  • $101Other real estate owned
  • $2,247Goodwill and other intangibles
  • $0Life insurance assets
  • $2,709All other assets
  • $115,948Total liabilities and capital
  • $105,814Total liabilities
  • $88,255Total deposits
  • $72,876Interest-bearing deposits
  • $88,255Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,883Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $11,031Other borrowed funds
  • $0Subordinated debt
  • $645All other liabilities
  • $10,134Total equity capital
  • $10,134Total bank equity capital
  • $10,134Perpetual preferred stock
  • $0Common stock
  • $350Surplus
  • $4,786Undivided profits
  • Memoranda
  • $4,998Noncurrent loans and leases
  • $8,842Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,028Earning assets
  • $555Long-term assets (5+ years)
  • $842Average Assets, year-to-date
  • $102,377Average Assets, quarterly
  • $16,788Volatile liabilities
  • $122,280Insider loans
  • $118,839FHLB advances
  • $25,161Loans and leases held for sale
  • $2,976Unused loan commitments
  • $11,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,842Total unused commitments
  • $0Restructured Loans and leases
  • $1,020Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $6,988Total interest income
  • $2,220Total interest expense
  • $4,768Net interest income
  • $1,871Provision for loan and lease losses
  • $820Total noninterest income
  • $0Fiduciary activities
  • $498Service charges on deposit accounts
  • $0Trading account gains & fees
  • $322Additional noninterest income
  • $4,002Total noninterest expense
  • $1,934Salaries and employee benefits
  • $535Premises and equipment expense
  • $1,533Additional noninterest expense
  • -$285Pre-tax net operating income
  • $25Securities gains (losses)
  • -$203Applicable income taxes
  • -$57Income before extraordinary items
  • $0Extraordinary gains - net
  • -$57Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,458Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.48%Yield on earning assets
  • 2.06%Cost of funding earning assets
  • 4.42%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 3.71%Noninterest expense to earning assets
  • -0.06%Net operating income to assets
  • -0.05%Return on assets (ROA)
  • -0.21%Pretax return on assets
  • -0.56%Return on equity (ROE)
  • -0.56%Retained earnings to average equity (YTD only)
  • 1.61%Net charge-offs to loans
  • 128.33%Credit loss provision to net charge-offs
  • 1.09%Efficiency ratio
  • 71,618Assets per employee
  • 2.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 54.49%Noncurrent assets plus other real estate owned to assets
  • 1.84%Noncurrent loans to loans
  • 2.25%Net loans and leases to deposits
  • 100.69%Net loans and leases to core deposits
  • 126.99%Equity capital to assets
  • 8.74%Core capital (leverage) ratio
  • 6.74%Tier 1 risk-based capital ratio
  • 9.58%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $122,280Average earning assets
  • $10,135Average equity
  • $107,893Average loans

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