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

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First National Bank, Cortez routing number info

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First National Bank, Cortez
GeneralFDIC Certificate #: 17872
Status: Active
Federal Reserve ID: 968155
Date Established: May 31, 1958
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
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
Undivided profits $6,956
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
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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
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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%
Average assets$20
Average earning assets$87,034
Average equity $8,083
Average loans $76,708
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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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