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


First National Bank, Cortez - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 21Total employees (full-time equivalent)
  • $90,749Total assets
  • $1,966Cash and due from depository institutions
  • $606Interest-bearing balances
  • $53,509Securities
  • $1,370Federal funds sold & reverse repurchase agreements
  • $24,978Net loans & leases
  • $428Loan loss allowance
  • $0Trading account assets
  • $5,346Bank premises and fixed assets
  • $293Other real estate owned
  • $0Goodwill and other intangibles
  • $90,749Life insurance assets
  • $3,287All other assets
  • $81,793Total liabilities and capital
  • $77,307Total liabilities
  • $62,178Total deposits
  • $77,307Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,500Trading liabilities
  • $0Other borrowed funds
  • $986Subordinated debt
  • $8,956All other liabilities
  • $8,956Total equity capital
  • $8,956Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $1,000Surplus
  • $6,956Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $344Income earned, not collected on loans
  • $0Earning assets
  • $427Long-term assets (5+ years)
  • $80,463Average Assets, year-to-date
  • $52,258Average Assets, quarterly
  • $87,034Volatile liabilities
  • $91,078Insider loans
  • $41,684FHLB advances
  • $92,500Loans and leases held for sale
  • $1,989Unused loan commitments
  • $837Tier 1 (core) risk-based capital
  • $7,888Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,152Total unused commitments
  • $4,091Restructured Loans and leases
  • $1,116Derivatives

Income and Expense (December 31, 2011)

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

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.20%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.36%Return on assets (ROA)
  • 0.50%Pretax return on assets
  • 3.91%Return on equity (ROE)
  • 2.67%Retained earnings to average equity (YTD only)
  • 0.68%Net charge-offs to loans
  • 83.24%Credit loss provision to net charge-offs
  • 2.82%Efficiency ratio
  • 84,115Assets per employee
  • 4.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.65%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 124.42%Noncurrent assets plus other real estate owned to assets
  • 0.70%Noncurrent loans to loans
  • 1.35%Net loans and leases to deposits
  • 32.31%Net loans and leases to core deposits
  • 37.04%Equity capital to assets
  • 9.87%Core capital (leverage) ratio
  • 8.53%Tier 1 risk-based capital ratio
  • 18.92%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $87,034Average earning assets
  • $8,083Average equity
  • $76,708Average loans

List of branches

  • 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

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