First Commerce Bank of Colorado, National Association - Overview
General
FDIC Certificate #: 35110 Status: Inactive Closing history: Consolidated - Without Assistance Acquiring institution:Wells Fargo Bank West, National Association (#3011) Federal Reserve ID: 2934220 Date Established: May 03, 1999 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 74899 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: May 03, 1999 Last Structure Change Effective Date: December 21, 2000 Last Structure Change Process Date: January 09, 2001 Last Data Update: January 09, 2001 Data Source Date: April 05, 2012
Location
Address: 481 Highway 105, Monument, CO 80132 County: El Paso Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: San Francisco FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Colorado Springs, CO (#1720) Core Based Statistical Area (CBSA): Colorado Springs, CO (#17820) CBSA Metro Statistical Area: Colorado Springs, CO (#17820)
Financial Summary
Total assets: $4.5 mil
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
7Total employees (full-time equivalent)
$9,931Total assets
$107Cash and due from depository institutions
$0Interest-bearing balances
$963Securities
$1,400Federal funds sold & reverse repurchase agreements
$5,674Net loans & leases
$160Loan loss allowance
$0Trading account assets
$1,637Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$150All other assets
$9,931Total liabilities and capital
$6,796Total liabilities
$6,732Total deposits
$6,176Interest-bearing deposits
$6,732Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$64All other liabilities
$3,135Total equity capital
$3,135Total bank equity capital
$3,135Perpetual preferred stock
$0Common stock
$480Surplus
$3,020Undivided profits
Memoranda
$-365Noncurrent loans and leases
$5,291Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$31Average Assets, year-to-date
$8,037Average Assets, quarterly
$880Volatile liabilities
$6,622Insider loans
$8,247FHLB advances
$2,884Loans and leases held for sale
$1,927Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,291Total unused commitments
$0Restructured Loans and leases
$101Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$267Total interest income
$94Total interest expense
$173Net interest income
$160Provision for loan and lease losses
$33Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$33Additional noninterest income
$549Total noninterest expense
$278Salaries and employee benefits
$73Premises and equipment expense
$198Additional noninterest expense
-$503Pre-tax net operating income
$0Securities gains (losses)
-$173Applicable income taxes
-$330Income before extraordinary items
$0Extraordinary gains - net
-$330Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.95%Yield on earning assets
1.74%Cost of funding earning assets
3.21%Net interest margin
0.61%Noninterest income to earning assets
10.17%Noninterest expense to earning assets
-4.98%Net operating income to assets
-4.98%Return on assets (ROA)
-7.60%Pretax return on assets
-11.29%Return on equity (ROE)
-11.29%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
266,505Assets per employee
1.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.74%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
84.28%Net loans and leases to core deposits
147.45%Equity capital to assets
31.57%Core capital (leverage) ratio
36.95%Tier 1 risk-based capital ratio
39.33%Total risk-based capital ratio
Memoranda
$41Average assets
$6,622Average earning assets
$2,922Average equity
$5,397Average loans
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First Commerce Bank of Colorado, National Association
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