First National Bank, Cortez in Cortez, Colorado (CO)



Show street view No street view available for this location

First National Bank, Cortez routing number info

Table of contents:
First National Bank, Cortez
GeneralFDIC Certificate #: 17872
Status: Active
Federal Reserve ID: 968155
Date Established: May 31, 1958
WWW: http://www.fnbcortez.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: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 11811
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: No
Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: May 31, 1958
Last Structure Change Effective Date: April 11, 2011
Last Structure Change Process Date: June 21, 2011
Last Data Update: June 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 2258 E. Main Street, Cortez, CO 81321
County: Montezuma
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 ChangesChange in Location
Financial SummaryTotal assets: $90.7 mil
Equity capital: $9.0 mil
Deposits held in domestic offices: $77.3 mil
Return on assets (ROA): 0.36% ($0.3 mil)
Quarterly return on assets: 0.79% ($0.7 mil)
Return on Equity (ROE): 3.91% ($0.4 mil)
Quarterly return on equity: 8.14% ($0.7 mil)
Net income: $0.3 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.50% ($453.7 mil)
Quarterly Pretax return on assets: 1.20% ($1,089.0 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)
Total employees (full-time equivalent)21
Total assets$90,749
Cash and due from depository institutions$1,966
Interest-bearing balances$606
Securities$53,509
Federal funds sold & reverse repurchase agreements$1,370
Net loans & leases$24,978
Loan loss allowance $428
Trading account assets$0
Bank premises and fixed assets$5,346
Other real estate owned$293
Goodwill and other intangibles$0
All other assets$3,287
Life insurance assets$90,749
Total liabilities and capital$81,793
Total liabilities$77,307
Total deposits$62,178
Interest-bearing deposits$77,307
Deposits held in domestic offices$82
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,500
Other borrowed funds $0
Subordinated debt $986
All other liabilities $8,956
Total equity capital$8,956
Total bank equity capital$8,956
Perpetual preferred stock$0
Common stock$1,000
Surplus$1,000
Undivided profits $6,956
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $344
Earning assets $0
Long-term assets (5+ years) $427
Average Assets, year-to-date $80,463
Average Assets, quarterly $52,258
Volatile liabilities $87,034
Insider loans $91,078
FHLB advances $41,684
Loans and leases held for sale $92,500
Unused loan commitments $1,989
Tier 1 (core) risk-based capital $837
Tier 2 risk-based capital $7,888
Total risk weighted assets $0
Total unused commitments $1,152
Restructured Loans and leases $4,091
Derivatives$1,116
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,225
Total interest expense $503
Net interest income $2,722
Provision for loan and lease losses $149
Total noninterest income $457
Fiduciary activities $0
Service charges on deposit accounts $277
Trading account gains & fees $0
Additional noninterest income $180
Total noninterest expense $2,674
Salaries and employee benefits $1,262
Premises and equipment expense $494
Additional noninterest expense $918
Pre-tax net operating income $356
Securities gains (losses) $76
Applicable income taxes $116
Income before extraordinary items $316
Extraordinary gains - net $0
Net income attributable to bank $316
Net charge-offs $0
Cash dividends $316
Sale, conversion, retirement of capital stock, net $179
Net operating income $100
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.20%
Cost of funding earning assets 0.66%
Net interest margin 3.55%
Noninterest income to earning assets 0.60%
Noninterest expense to earning assets 3.49%
Net operating income to assets 0.30%
Return on assets (ROA) 0.36%
Pretax return on assets 0.50%
Return on equity (ROE) 3.91%
Retained earnings to average equity (YTD only) 2.67%
Net charge-offs to loans 0.68%
Credit loss provision to net charge-offs 83.24%
Efficiency ratio2.82%
Assets per employee$84,115
Cash dividends to net income (YTD only)4.32%
Condition Ratios (%)
Loss allowance to loans 31.65%
Loss allowance to noncurrent loans 1.68%
Noncurrent assets plus other real estate owned to assets 124.42%
Noncurrent loans to loans 0.70%
Net loans and leases to deposits1.35%
Net loans and leases to core deposits 32.31%
Equity capital to assets 37.04%
Core capital (leverage) ratio 9.87%
Tier 1 risk-based capital ratio 8.53%
Total risk-based capital ratio 18.92%
Memoranda
Average assets$20
Average earning assets$87,034
Average equity $8,083
Average loans $76,708
Back to page top, Back to table top

1 Colorado Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
011811First National Bank, Cortez2258 E. Main Street, Cortez, CO 81321May 31, 1958Full Service Brick and Mortar
Back to page top

User Contributions:

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

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First National Bank, Cortez.
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.