FDIC Certificate #: 3026 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community First National Bank (#14297) Federal Reserve ID: 380252 Date Established: May 02, 1882 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 6 (Interstate: No) OTS Docket #: 9071 FDIC's unique #: 1923 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: January 01, 1934 Last Structure Change Effective Date: May 03, 1998 Last Structure Change Process Date: June 08, 1998 Last Data Update: June 08, 1998 Data Source Date: April 05, 2012
Location
Address: 201 North Main Street, Gunnison, CO 81230 County: Gunnison 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
Financial Summary
Total assets: $95.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
60Total employees (full-time equivalent)
$95,817Total assets
$4,970Cash and due from depository institutions
$7Interest-bearing balances
$25,539Securities
$9,300Federal funds sold & reverse repurchase agreements
$50,015Net loans & leases
$1,764Loan loss allowance
$0Trading account assets
$3,291Bank premises and fixed assets
$188Other real estate owned
$434Goodwill and other intangibles
$0Life insurance assets
$2,080All other assets
$95,817Total liabilities and capital
$88,714Total liabilities
$87,948Total deposits
$65,570Interest-bearing deposits
$87,948Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$463Other borrowed funds
$0Subordinated debt
$303All other liabilities
$7,103Total equity capital
$7,103Total bank equity capital
$7,103Perpetual preferred stock
$0Common stock
$250Surplus
$4,589Undivided profits
Memoranda
$2,264Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,904Earning assets
$0Long-term assets (5+ years)
$418Average Assets, year-to-date
$84,861Average Assets, quarterly
$7,643Volatile liabilities
$93,325Insider loans
$95,151FHLB advances
$6,943Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$92Total risk weighted assets
$5,557Total unused commitments
$0Restructured Loans and leases
$59,531Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$7,381Total interest income
$2,621Total interest expense
$4,760Net interest income
$1,565Provision for loan and lease losses
$1,725Total noninterest income
$0Fiduciary activities
$567Service charges on deposit accounts
$0Trading account gains & fees
$1,158Additional noninterest income
$5,922Total noninterest expense
$2,834Salaries and employee benefits
$972Premises and equipment expense
$2,116Additional noninterest expense
-$1,002Pre-tax net operating income
$0Securities gains (losses)
-$431Applicable income taxes
-$571Income before extraordinary items
$0Extraordinary gains - net
-$571Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$651Sale, conversion, retirement of capital stock, net
$420Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.00%Yield on earning assets
3.20%Cost of funding earning assets
5.80%Net interest margin
2.10%Noninterest income to earning assets
7.22%Noninterest expense to earning assets
-0.61%Net operating income to assets
-0.61%Return on assets (ROA)
-1.07%Pretax return on assets
-7.43%Return on equity (ROE)
-12.90%Retained earnings to average equity (YTD only)
1.12%Net charge-offs to loans
240.40%Credit loss provision to net charge-offs
0.86%Efficiency ratio
90,362Assets per employee
1.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
-73.56%Loss allowance to loans
3.41%Loss allowance to noncurrent loans
92.65%Noncurrent assets plus other real estate owned to assets
2.42%Noncurrent loans to loans
3.68%Net loans and leases to deposits
56.87%Net loans and leases to core deposits
61.52%Equity capital to assets
7.41%Core capital (leverage) ratio
7.19%Tier 1 risk-based capital ratio
11.09%Total risk-based capital ratio
Memoranda
$12Average assets
$93,325Average earning assets
$7,681Average equity
$82,020Average loans
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