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

  • First Colorado National Bank in Paonia, Colorado (CO)
  • Show street view No street view available for this location

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
    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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Colorado National Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents