FDIC Certificate #: 29066 Status: Active Federal Reserve ID: 705378 Date Established: January 01, 1921 WWW:http://www.truelocalbank.com Trust Powers Granted: Yes Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 2853 FDIC's unique #: 41900 Numeric code: 35 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: October 07, 1935 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: October 31, 2011 Last Data Update: October 31, 2011 Data Source Date: April 05, 2012
Location
Address: 705 Grand Avenue, Del Norte, CO 81132 County: Rio Grande 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
Change in Primary Regulatory Agency
Financial Summary
Total assets: $47.5 mil Equity capital: $3.9 mil Deposits held in domestic offices: $38.8 mil Return on assets (ROA): 0.75% ($0.4 mil) Quarterly return on assets: 0.58% ($0.3 mil) Return on Equity (ROE): 9.44% ($0.4 mil) Quarterly return on equity: 7.09% ($0.3 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.19% ($565.7 mil) Quarterly Pretax return on assets: 0.93% ($442.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
11Total employees (full-time equivalent)
$47,542Total assets
$1,843Cash and due from depository institutions
$729Interest-bearing balances
$2,397Securities
$0Federal funds sold & reverse repurchase agreements
$38,086Net loans & leases
$289Loan loss allowance
$0Trading account assets
$2,912Bank premises and fixed assets
$113Other real estate owned
$0Goodwill and other intangibles
$47,543Life insurance assets
$2,191All other assets
$43,617Total liabilities and capital
$38,764Total liabilities
$35,894Total deposits
$38,764Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,386Trading liabilities
$0Other borrowed funds
$467Subordinated debt
$3,926All other liabilities
$3,926Total equity capital
$3,926Total bank equity capital
$0Perpetual preferred stock
$1Common stock
$99Surplus
$3,826Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$434Income earned, not collected on loans
$0Earning assets
$389Long-term assets (5+ years)
$41,212Average Assets, year-to-date
$0Average Assets, quarterly
$46,959Volatile liabilities
$47,494Insider loans
$29,457FHLB advances
$47,519Loans and leases held for sale
$840Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,634Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,795Restructured Loans and leases
$1,334Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,458Total interest income
$672Total interest expense
$1,786Net interest income
$44Provision for loan and lease losses
$413Total noninterest income
$0Fiduciary activities
$12Service charges on deposit accounts
$0Trading account gains & fees
$401Additional noninterest income
$1,597Total noninterest expense
$859Salaries and employee benefits
$230Premises and equipment expense
$508Additional noninterest expense
$558Pre-tax net operating income
$0Securities gains (losses)
$205Applicable income taxes
$353Income before extraordinary items
$0Extraordinary gains - net
$353Net income attributable to bank
$0Net charge-offs
$353Cash dividends
$7Sale, conversion, retirement of capital stock, net
$20Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.01%Yield on earning assets
1.64%Cost of funding earning assets
4.37%Net interest margin
1.01%Noninterest income to earning assets
3.91%Noninterest expense to earning assets
0.75%Net operating income to assets
0.75%Return on assets (ROA)
1.19%Pretax return on assets
9.44%Return on equity (ROE)
8.91%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
628.57%Credit loss provision to net charge-offs
86.00%Efficiency ratio
72,624Assets per employee
4.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
5.67%Loss allowance to loans
0.75%Loss allowance to noncurrent loans
66.59%Noncurrent assets plus other real estate owned to assets
1.15%Noncurrent loans to loans
1.13%Net loans and leases to deposits
98.25%Net loans and leases to core deposits
109.39%Equity capital to assets
8.26%Core capital (leverage) ratio
8.21%Tier 1 risk-based capital ratio
12.34%Total risk-based capital ratio
Memoranda
$13Average assets
$46,959Average earning assets
$3,739Average equity
$40,894Average loans
List of branches
1 Colorado Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
41900
Del Norte Bank
705 Grand Avenue, Del Norte, CO 81132
January 01, 1921
Full Service Brick and Mortar
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