First National Bank in Fort Collins, Colorado (CO)
| First National Bank | |
|---|---|
| General | FDIC Certificate #: 14372 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: First National Bank of Omaha (#5452) Federal Reserve ID: 552451 Date Established: May 15, 1934 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 26 (Interstate: No) OTS Docket #: 10597 FDIC's unique #: 8981 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 15, 1934 Last Structure Change Effective Date: September 29, 2010 Last Structure Change Process Date: October 13, 2010 Last Data Update: October 13, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 205 West Oak Street, Fort Collins, CO 80521 County: Larimer Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Kansas City FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Fort Collins-Loveland, CO (#2670) Core Based Statistical Area (CBSA): Fort Collins-Loveland, CO (#22660) CBSA Metro Statistical Area: Fort Collins-Loveland, CO (#22660) |
| Financial Summary | Total assets: $1,865.1 mil |
| Assets and Liabilities (December 31, 2009) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 694 |
| Total assets | $1,942,265 |
| Cash and due from depository institutions | $220,916 |
| Interest-bearing balances | $176,597 |
| Securities | $146,880 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $1,392,482 |
| Loan loss allowance | $56,193 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $35,104 |
| Other real estate owned | $30,113 |
| Goodwill and other intangibles | $39,337 |
| All other assets | $77,433 |
| Life insurance assets | $0 |
| Total liabilities and capital | $1,942,265 |
| Total liabilities | $1,727,670 |
| Total deposits | $1,663,572 |
| Interest-bearing deposits | $1,262,857 |
| Deposits held in domestic offices | $1,663,572 |
| % insured (estimated) | 82.11% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $23,016 |
| Subordinated debt | $25,000 |
| All other liabilities | $16,082 |
| Total equity capital | $214,595 |
| Total bank equity capital | $214,595 |
| Perpetual preferred stock | $214,595 |
| Common stock | $0 |
| Surplus | $1,438 |
| Undivided profits | $188,505 |
| Memoranda | |
| Noncurrent loans and leases | $24,652 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $322,686 |
| Income earned, not collected on loans | $0 |
| Earning assets | $124,892 |
| Long-term assets (5+ years) | $68 |
| Average Assets, year-to-date | $6,807 |
| Average Assets, quarterly | $1,715,959 |
| Volatile liabilities | $90,126 |
| Insider loans | $2,360,181 |
| FHLB advances | $2,101,199 |
| Loans and leases held for sale | $325,331 |
| Unused loan commitments | $1,053 |
| Tier 1 (core) risk-based capital | $23,016 |
| Tier 2 risk-based capital | $49,219 |
| Total risk weighted assets | $52,349 |
| Total unused commitments | $322,686 |
| Restructured Loans and leases | $4,790 |
| Derivatives | $44,193 |
| Income and Expense (December 31, 2009) (Dollar figures in thousands) | |
| Total interest income | $122,062 |
| Total interest expense | $29,833 |
| Net interest income | $92,229 |
| Provision for loan and lease losses | $119,217 |
| Total noninterest income | $61,543 |
| Fiduciary activities | $6,371 |
| Service charges on deposit accounts | $9,923 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $45,249 |
| Total noninterest expense | $95,880 |
| Salaries and employee benefits | $44,436 |
| Premises and equipment expense | $12,314 |
| Additional noninterest expense | $39,130 |
| Pre-tax net operating income | -$61,325 |
| Securities gains (losses) | $826 |
| Applicable income taxes | -$22,938 |
| Income before extraordinary items | -$37,561 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$37,561 |
| Net charge-offs | $0 |
| Cash dividends | -$37,561 |
| Sale, conversion, retirement of capital stock, net | $87,242 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2009) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.75% |
| Cost of funding earning assets | 1.40% |
| Net interest margin | 4.34% |
| Noninterest income to earning assets | 2.90% |
| Noninterest expense to earning assets | 4.52% |
| Net operating income to assets | -1.61% |
| Return on assets (ROA) | -1.59% |
| Pretax return on assets | -2.56% |
| Return on equity (ROE) | -16.68% |
| Retained earnings to average equity (YTD only) | -16.68% |
| Net charge-offs to loans | 4.65% |
| Credit loss provision to net charge-offs | 136.65% |
| Efficiency ratio | 0.66% |
| Assets per employee | $61,951 |
| Cash dividends to net income (YTD only) | 2.80% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.88% |
| Noncurrent assets plus other real estate owned to assets | 44.99% |
| Noncurrent loans to loans | 7.98% |
| Net loans and leases to deposits | 8.62% |
| Net loans and leases to core deposits | 83.70% |
| Equity capital to assets | 102.52% |
| Core capital (leverage) ratio | 11.05% |
| Tier 1 risk-based capital ratio | 8.87% |
| Total risk-based capital ratio | 11.61% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $2,360,181 |
| Average equity | $225,229 |
| Average loans | $2,123,492 |
| Total Fiduciary and Related Assets (December 31, 2009) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $944,466 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $820,422 |
| Employee benefit-defined contribution accounts | $156,799 |
| Employee benefit-defined benefit accounts | $43,547 |
| Other retirement accounts | $17,312 |
| Corporate trust and agency accounts | $98,152 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $504,447 |
| Fiduciary accounts held in foreign offices | $165 |
| Non-managed Assets | $0 |
| Number of Accounts | 1045 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $98,152 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $124,044 |
| Corporate trust and agency accounts | $5,991 |
| Other fiduciary accounts | $82,251 |
| Fiduciary accounts held in foreign offices | $23,846 |
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Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.