First National Bank of Colorado in Steamboat Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 29, 1998

  • First National Bank of Colorado in Steamboat Springs, Colorado (CO)
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First National Bank of Colorado - Overview

  • General
  • FDIC Certificate #: 25741
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Vectra Bank Colorado, National Association (#2993)
    Federal Reserve ID: 471459
    Date Established: November 01, 1984
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    OTS Docket #: 9267
    FDIC's unique #: 17614
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: November 01, 1984
    Last Structure Change Effective Date: May 29, 1998
    Last Structure Change Process Date: June 16, 1998
    Last Data Update: June 16, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 2155 Resort Drive, Steamboat Springs, CO 80477
    County: Routt
    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
  • Financial Summary
  • Total assets: $101.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $92,841Total assets
  • $4,264Cash and due from depository institutions
  • $199Interest-bearing balances
  • $24,459Securities
  • $7,900Federal funds sold & reverse repurchase agreements
  • $55,021Net loans & leases
  • $442Loan loss allowance
  • $0Trading account assets
  • $284Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $913All other assets
  • $92,841Total liabilities and capital
  • $86,065Total liabilities
  • $83,454Total deposits
  • $65,610Interest-bearing deposits
  • $83,454Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,009Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $602All other liabilities
  • $6,776Total equity capital
  • $6,776Total bank equity capital
  • $6,776Perpetual preferred stock
  • $0Common stock
  • $1,593Surplus
  • $1,593Undivided profits
  • Memoranda
  • $3,590Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $171Earning assets
  • $0Long-term assets (5+ years)
  • $405Average Assets, year-to-date
  • $87,579Average Assets, quarterly
  • $11,186Volatile liabilities
  • $86,381Insider loans
  • $91,158FHLB advances
  • $23,545Loans and leases held for sale
  • $1,582Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $19,007Total unused commitments
  • $0Restructured Loans and leases
  • $63,573Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $7,541Total interest income
  • $3,006Total interest expense
  • $4,535Net interest income
  • $0Provision for loan and lease losses
  • $884Total noninterest income
  • $0Fiduciary activities
  • $369Service charges on deposit accounts
  • $0Trading account gains & fees
  • $515Additional noninterest income
  • $2,620Total noninterest expense
  • $1,424Salaries and employee benefits
  • $561Premises and equipment expense
  • $635Additional noninterest expense
  • $2,799Pre-tax net operating income
  • $6Securities gains (losses)
  • $1,024Applicable income taxes
  • $1,781Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,781Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$4Sale, conversion, retirement of capital stock, net
  • $562Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.29%Yield on earning assets
  • 3.70%Cost of funding earning assets
  • 5.59%Net interest margin
  • 1.09%Noninterest income to earning assets
  • 3.23%Noninterest expense to earning assets
  • 2.06%Net operating income to assets
  • 2.06%Return on assets (ROA)
  • 3.25%Pretax return on assets
  • 29.14%Return on equity (ROE)
  • 19.95%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 48,348Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.56%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 258.48%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.31%Net loans and leases to deposits
  • 65.93%Net loans and leases to core deposits
  • 88.86%Equity capital to assets
  • 7.30%Core capital (leverage) ratio
  • 7.49%Tier 1 risk-based capital ratio
  • 10.56%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $86,381Average earning assets
  • $6,111Average equity
  • $81,173Average loans

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