Del Norte Bank in Del Norte, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Del Norte Bank in Del Norte, Colorado (CO)
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Del Norte Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    041900Del Norte Bank705 Grand Avenue, Del Norte, CO 81132January 01, 1921Full Service Brick and Mortar

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