Crested Butte State Bank in Crested Butte, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 12, 1994

Crested Butte State Bank in Crested Butte, Colorado (CO)
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Crested Butte State Bank - Overview

General
FDIC Certificate #: 22538
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First National Bank (#3026)
Federal Reserve ID: 648354
Date Established: November 01, 1977
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 15720
Numeric code: 21
Regulator: FDIC
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: November 01, 1977
Last Structure Change Effective Date: April 12, 1994
Last Structure Change Process Date: April 28, 1994
Last Data Update: April 28, 1994
Data Source Date: April 05, 2012
Location
Address: Sixth Street And Elk Avenue, Crested Butte, CO 81224
County: Gunnison
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
Financial Summary
Total assets: $38.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$25Total assets
$35,583Cash and due from depository institutions
$2,531Interest-bearing balances
$100Securities
$4,276Federal funds sold & reverse repurchase agreements
$3,600Net loans & leases
$23,504Loan loss allowance
$211Trading account assets
$0Bank premises and fixed assets
$1,063Other real estate owned
$81Goodwill and other intangibles
$528Life insurance assets
$0All other assets
$0Total liabilities and capital
$35,583Total liabilities
$33,264Total deposits
$33,112Interest-bearing deposits
$22,303Deposits held in domestic offices
33112.00%% insured (estimated)
$81Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$152Total equity capital
$152Total bank equity capital
$2,319Perpetual preferred stock
$0Common stock
$250Surplus
$564Undivided profits
Memoranda
$1,505Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$112Income earned, not collected on loans
$200Earning assets
$31,480Long-term assets (5+ years)
$75Average Assets, year-to-date
$30,999Average Assets, quarterly
$33,990Volatile liabilities
$1,225Insider loans
$795FHLB advances
$0Loans and leases held for sale
$512Unused loan commitments
$3,832Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,319Total risk weighted assets
$21,426Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$2,535Total interest expense
$651Net interest income
$1,884Provision for loan and lease losses
$63Total noninterest income
$390Fiduciary activities
$0Service charges on deposit accounts
$231Trading account gains & fees
$0Additional noninterest income
$159Total noninterest expense
$1,415Salaries and employee benefits
$678Premises and equipment expense
$178Additional noninterest expense
$559Pre-tax net operating income
$796Securities gains (losses)
$0Applicable income taxes
$291Income before extraordinary items
$505Extraordinary gains - net
$0Net income attributable to bank
$505Net charge-offs
$53Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.27%Cost of funding earning assets
2.38%Net interest margin
6.89%Noninterest income to earning assets
1.43%Noninterest expense to earning assets
5.17%Net operating income to assets
1.63%Return on assets (ROA)
1.63%Pretax return on assets
2.57%Return on equity (ROE)
24.34%Retained earnings to average equity (YTD only)
24.34%Net charge-offs to loans
0.25%Credit loss provision to net charge-offs
118.87%Efficiency ratio
62,225Assets per employee
1.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.89%Loss allowance to noncurrent loans
188.39%Noncurrent assets plus other real estate owned to assets
1.07%Noncurrent loans to loans
0.47%Net loans and leases to deposits
70.98%Net loans and leases to core deposits
73.71%Equity capital to assets
6.52%Core capital (leverage) ratio
6.96%Tier 1 risk-based capital ratio
10.82%Total risk-based capital ratio
Memoranda
$12Average assets
$30,999Average earning assets
$2,075Average equity
$27,357Average loans

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