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

This bank is inactive as of July 01, 1998

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

  • General
  • FDIC Certificate #: 24309
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First National Bank (#14297)
    Federal Reserve ID: 579654
    Date Established: Febuary 16, 1983
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    OTS Docket #: 12803
    FDIC's unique #: 16911
    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: Febuary 16, 1983
    Last Structure Change Effective Date: July 01, 1998
    Last Structure Change Process Date: July 22, 1998
    Last Data Update: July 22, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1610 Hover Street, Longmont, CO 80501
    County: Boulder
    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): Boulder-Longmont, CO (#1125)
    Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
    Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
    Core Based Statistical Area (CBSA): Boulder, CO (#14500)
    CBSA Metro Statistical Area: Boulder, CO (#14500)
  • Financial Summary
  • Total assets: $142.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 67Total employees (full-time equivalent)
  • $130,412Total assets
  • $6,493Cash and due from depository institutions
  • $168Interest-bearing balances
  • $15,093Securities
  • $22,200Federal funds sold & reverse repurchase agreements
  • $82,207Net loans & leases
  • $504Loan loss allowance
  • $0Trading account assets
  • $3,235Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,184All other assets
  • $130,412Total liabilities and capital
  • $121,567Total liabilities
  • $121,071Total deposits
  • $101,243Interest-bearing deposits
  • $121,071Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $496All other liabilities
  • $8,845Total equity capital
  • $8,845Total bank equity capital
  • $8,845Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $500Undivided profits
  • Memoranda
  • $7,845Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $31Earning assets
  • $0Long-term assets (5+ years)
  • $603Average Assets, year-to-date
  • $119,668Average Assets, quarterly
  • $11,793Volatile liabilities
  • $109,835Insider loans
  • $124,802FHLB advances
  • $14,785Loans and leases held for sale
  • $17Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $20,074Total unused commitments
  • $0Restructured Loans and leases
  • $90,520Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $9,801Total interest income
  • $3,563Total interest expense
  • $6,238Net interest income
  • $30Provision for loan and lease losses
  • $1,158Total noninterest income
  • $0Fiduciary activities
  • $1,017Service charges on deposit accounts
  • $0Trading account gains & fees
  • $141Additional noninterest income
  • $4,226Total noninterest expense
  • $2,532Salaries and employee benefits
  • $528Premises and equipment expense
  • $1,166Additional noninterest expense
  • $3,140Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,085Applicable income taxes
  • $2,055Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,055Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $31Sale, conversion, retirement of capital stock, net
  • $485Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.85%Yield on earning assets
  • 3.58%Cost of funding earning assets
  • 6.27%Net interest margin
  • 1.16%Noninterest income to earning assets
  • 4.25%Noninterest expense to earning assets
  • 1.87%Net operating income to assets
  • 1.87%Return on assets (ROA)
  • 2.86%Pretax return on assets
  • 25.45%Return on equity (ROE)
  • 19.44%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 96.77%Credit loss provision to net charge-offs
  • 102.26%Efficiency ratio
  • 57,139Assets per employee
  • 1.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.60%Loss allowance to loans
  • 0.61%Loss allowance to noncurrent loans
  • 1625.81%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 67.90%Net loans and leases to core deposits
  • 77.35%Equity capital to assets
  • 6.78%Core capital (leverage) ratio
  • 6.83%Tier 1 risk-based capital ratio
  • 9.77%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $109,835Average earning assets
  • $8,076Average equity
  • $99,531Average loans

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