First National Bank in Fort Collins, Colorado (CO)



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First National Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal assets: $1,865.1 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, 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
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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
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Performance and Condition Ratios (December 31, 2009)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.75%
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 ratio0.66%
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 deposits8.62%
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
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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 Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$944,466
Number of Accounts1
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 Accounts1045
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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