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


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

  • General
  • FDIC Certificate #: 3047
    Status: Active
    Federal Reserve ID: 587752
    Bank Holding Company (Regulatory Top Holder): First Colorado Financial Corp. (RSSDID: 3556375, Location: Paonia, CO)
    Date Established: January 04, 1903
    WWW: http://www.firstcoloradobank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 1941
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 14, 2012
    Last Structure Change Process Date: March 26, 2012
    Last Data Update: March 26, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 133 Grand Avenue, Paonia, CO 81428
    County: Delta
    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 Location
  • Financial Summary
  • Total assets: $47.0 mil
    Equity capital: $8.3 mil
    Deposits held in domestic offices: $38.5 mil
    Return on assets (ROA): 2.64% ($1.2 mil)
    Quarterly return on assets: -1.22% (-$0.6 mil)
    Return on Equity (ROE): 16.79% ($1.3 mil)
    Quarterly return on equity: -6.94% (-$0.6 mil)
    Net income: $1.3 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 2.64% ($1,240.5 mil)
    Quarterly Pretax return on assets: -1.22% (-$573.3 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
  • 26Total employees (full-time equivalent)
  • $46,989Total assets
  • $3,271Cash and due from depository institutions
  • $1,198Interest-bearing balances
  • $2,050Securities
  • $4,900Federal funds sold & reverse repurchase agreements
  • $30,885Net loans & leases
  • $1,019Loan loss allowance
  • $0Trading account assets
  • $1,394Bank premises and fixed assets
  • $944Other real estate owned
  • $2,407Goodwill and other intangibles
  • $46,989Life insurance assets
  • $1,138All other assets
  • $38,707Total liabilities and capital
  • $38,477Total liabilities
  • $27,886Total deposits
  • $38,477Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $230Subordinated debt
  • $8,282All other liabilities
  • $8,282Total equity capital
  • $8,282Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $7,293Surplus
  • $689Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,287Income earned, not collected on loans
  • $0Earning assets
  • $215Long-term assets (5+ years)
  • $39,033Average Assets, year-to-date
  • $20,157Average Assets, quarterly
  • $49,927Volatile liabilities
  • $47,625Insider loans
  • $35,582FHLB advances
  • $45,539Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,850Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $625Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,120Total interest income
  • $432Total interest expense
  • $1,688Net interest income
  • $1,136Provision for loan and lease losses
  • $5,230Total noninterest income
  • $0Fiduciary activities
  • $57Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,173Additional noninterest income
  • $4,479Total noninterest expense
  • $2,402Salaries and employee benefits
  • $298Premises and equipment expense
  • $1,779Additional noninterest expense
  • $1,303Pre-tax net operating income
  • $13Securities gains (losses)
  • $0Applicable income taxes
  • $1,316Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,316Net income attributable to bank
  • $0Net charge-offs
  • $1,316Cash dividends
  • $1,106Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.02%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 4.00%Net interest margin
  • 12.39%Noninterest income to earning assets
  • 10.61%Noninterest expense to earning assets
  • 2.61%Net operating income to assets
  • 2.64%Return on assets (ROA)
  • 2.64%Pretax return on assets
  • 16.79%Return on equity (ROE)
  • 16.79%Retained earnings to average equity (YTD only)
  • 3.15%Net charge-offs to loans
  • 102.71%Credit loss provision to net charge-offs
  • 2.21%Efficiency ratio
  • 63,703Assets per employee
  • 1.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.19%Loss allowance to noncurrent loans
  • 79.18%Noncurrent assets plus other real estate owned to assets
  • 4.75%Noncurrent loans to loans
  • 4.03%Net loans and leases to deposits
  • 80.27%Net loans and leases to core deposits
  • 81.91%Equity capital to assets
  • 17.63%Core capital (leverage) ratio
  • 12.85%Tier 1 risk-based capital ratio
  • 16.44%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $49,927Average earning assets
  • $7,838Average equity
  • $42,221Average loans

List of branches

  • 2 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01941First Colorado National Bank133 Grand Avenue, Paonia, CO 81428January 04, 1903Full Service Brick and Mortar
    1366016First National Bank, Delta - Paonia150 Gunnison River Drive, Delta, CO 81416November 01, 2002Full Service Brick and Mortar

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