Community First National Bank in Fort Morgan, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 29, 2000

  • Community First National Bank in Fort Morgan, Colorado (CO)
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Community First National Bank - Overview

  • General
  • FDIC Certificate #: 14297
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First National Bank (#3924)
    Federal Reserve ID: 801458
    Date Established: January 01, 1889
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 53 (Interstate: No)
    OTS Docket #: 12578
    FDIC's unique #: 8931
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: April 25, 1934
    Last Structure Change Effective Date: August 29, 2000
    Last Structure Change Process Date: September 21, 2000
    Last Data Update: September 21, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 East Kiowa Avenue, Fort Morgan, CO 80701
    County: Morgan
    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
    Core Based Statistical Area (CBSA): Fort Morgan, CO (#22820)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $1,704.6 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, 1999)

  • Dollar figures in thousands
  • 578Total employees (full-time equivalent)
  • $1,699,547Total assets
  • $92,850Cash and due from depository institutions
  • $14Interest-bearing balances
  • $463,815Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,017,620Net loans & leases
  • $12,920Loan loss allowance
  • $0Trading account assets
  • $37,961Bank premises and fixed assets
  • $1,826Other real estate owned
  • $27,130Goodwill and other intangibles
  • $0Life insurance assets
  • $58,345All other assets
  • $1,699,547Total liabilities and capital
  • $1,563,254Total liabilities
  • $1,313,204Total deposits
  • $1,136,640Interest-bearing deposits
  • $1,313,204Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $49,752Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $180,536Other borrowed funds
  • $0Subordinated debt
  • $19,762All other liabilities
  • $136,293Total equity capital
  • $136,293Total bank equity capital
  • $136,293Perpetual preferred stock
  • $0Common stock
  • $10,000Surplus
  • $81,686Undivided profits
  • Memoranda
  • $44,607Noncurrent loans and leases
  • $204,652Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $12,601Earning assets
  • $0Long-term assets (5+ years)
  • $6,800Average Assets, year-to-date
  • $1,481,449Average Assets, quarterly
  • $405,845Volatile liabilities
  • $1,701,529Insider loans
  • $1,693,214FHLB advances
  • $370,593Loans and leases held for sale
  • $4,245Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,844Total risk weighted assets
  • $204,652Total unused commitments
  • $0Restructured Loans and leases
  • $12,929Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $129,897Total interest income
  • $45,216Total interest expense
  • $84,681Net interest income
  • $9,940Provision for loan and lease losses
  • $20,067Total noninterest income
  • $855Fiduciary activities
  • $12,395Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,817Additional noninterest income
  • $59,058Total noninterest expense
  • $25,726Salaries and employee benefits
  • $7,647Premises and equipment expense
  • $25,685Additional noninterest expense
  • $35,750Pre-tax net operating income
  • $492Securities gains (losses)
  • $12,100Applicable income taxes
  • $24,142Income before extraordinary items
  • $0Extraordinary gains - net
  • $24,142Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $14,747Sale, conversion, retirement of capital stock, net
  • $18,500Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.68%Yield on earning assets
  • 3.02%Cost of funding earning assets
  • 5.66%Net interest margin
  • 1.34%Noninterest income to earning assets
  • 3.95%Noninterest expense to earning assets
  • 1.40%Net operating income to assets
  • 1.42%Return on assets (ROA)
  • 2.13%Pretax return on assets
  • 17.06%Return on equity (ROE)
  • 3.99%Retained earnings to average equity (YTD only)
  • 1.44%Net charge-offs to loans
  • 67.40%Credit loss provision to net charge-offs
  • 3.10%Efficiency ratio
  • 53,991Assets per employee
  • 2.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.63%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 102.53%Noncurrent assets plus other real estate owned to assets
  • 0.85%Noncurrent loans to loans
  • 1.22%Net loans and leases to deposits
  • 77.49%Net loans and leases to core deposits
  • 86.80%Equity capital to assets
  • 8.02%Core capital (leverage) ratio
  • 7.21%Tier 1 risk-based capital ratio
  • 9.68%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,701,529Average earning assets
  • $141,525Average equity
  • $1,496,719Average loans

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