Community Banks of the Rockies in La Jara, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 2004

  • Community Banks of the Rockies in La Jara, Colorado (CO)
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Community Banks of the Rockies - Overview

  • General
  • FDIC Certificate #: 3032
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Community Banks of Colorado (#21132)
    Federal Reserve ID: 507255
    Date Established: October 10, 1910
    WWW: http://www.cobnks.comcbr/
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 13 (Interstate: No)
    OTS Docket #: 10242
    FDIC's unique #: 1929
    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 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: 501 Main Street, La Jara, CO 81140
    County: Conejos
    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
    Corrections
  • Financial Summary
  • Total assets: $180.3 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
  • 85Total employees (full-time equivalent)
  • $178,684Total assets
  • $5,318Cash and due from depository institutions
  • $77Interest-bearing balances
  • $5,449Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $150,924Net loans & leases
  • $1,184Loan loss allowance
  • $0Trading account assets
  • $5,406Bank premises and fixed assets
  • $404Other real estate owned
  • $5,466Goodwill and other intangibles
  • $0Life insurance assets
  • $5,717All other assets
  • $178,684Total liabilities and capital
  • $158,945Total liabilities
  • $141,667Total deposits
  • $113,928Interest-bearing deposits
  • $141,667Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $16,891Other borrowed funds
  • $0Subordinated debt
  • $387All other liabilities
  • $19,739Total equity capital
  • $19,739Total bank equity capital
  • $19,739Perpetual preferred stock
  • $0Common stock
  • $1,141Surplus
  • $15,214Undivided profits
  • Memoranda
  • $3,384Noncurrent loans and leases
  • $20,733Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,520Earning assets
  • $930Long-term assets (5+ years)
  • $1,910Average Assets, year-to-date
  • $156,450Average Assets, quarterly
  • $4,566Volatile liabilities
  • $179,997Insider loans
  • $177,233FHLB advances
  • $36,526Loans and leases held for sale
  • $1,763Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $469Total risk weighted assets
  • $20,733Total unused commitments
  • $0Restructured Loans and leases
  • $1,184Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $10,644Total interest income
  • $2,667Total interest expense
  • $7,977Net interest income
  • $344Provision for loan and lease losses
  • $1,626Total noninterest income
  • $0Fiduciary activities
  • $697Service charges on deposit accounts
  • $0Trading account gains & fees
  • $929Additional noninterest income
  • $6,213Total noninterest expense
  • $3,361Salaries and employee benefits
  • $1,126Premises and equipment expense
  • $1,726Additional noninterest expense
  • $3,046Pre-tax net operating income
  • $88Securities gains (losses)
  • $1,103Applicable income taxes
  • $2,031Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,031Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $99Sale, conversion, retirement of capital stock, net
  • $3,000Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.84%Yield on earning assets
  • 1.71%Cost of funding earning assets
  • 5.13%Net interest margin
  • 1.04%Noninterest income to earning assets
  • 3.99%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.74%Pretax return on assets
  • 10.32%Return on equity (ROE)
  • -4.93%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 347.47%Credit loss provision to net charge-offs
  • 34.24%Efficiency ratio
  • 64,449Assets per employee
  • 2.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 147.71%Loss allowance to loans
  • 0.78%Loss allowance to noncurrent loans
  • 33.64%Noncurrent assets plus other real estate owned to assets
  • 2.20%Noncurrent loans to loans
  • 2.31%Net loans and leases to deposits
  • 106.53%Net loans and leases to core deposits
  • 125.74%Equity capital to assets
  • 11.05%Core capital (leverage) ratio
  • 8.30%Tier 1 risk-based capital ratio
  • 9.82%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $179,997Average earning assets
  • $19,674Average equity
  • $155,637Average loans

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