First National Bank of Colorado Springs in Colorado Springs, Colorado (CO)

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First National Bank of Colorado Springs
GeneralFDIC Certificate #: 23760
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of Colorado (#16980)
Federal Reserve ID: 716552
Date Established: March 29, 1982
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 16611
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: March 29, 1982
Last Structure Change Effective Date: July 01, 2004
Last Structure Change Process Date: August 05, 2004
Last Data Update: August 05, 2004
Data Source Date: April 05, 2012
LocationAddress: 4328 Edison Avenue, Colorado Springs, CO 80915
County: El Paso
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
Metropolitan Statistical Area (MSA): Colorado Springs, CO (#1720)
Core Based Statistical Area (CBSA): Colorado Springs, CO (#17820)
CBSA Metro Statistical Area: Colorado Springs, CO (#17820)
Financial SummaryTotal assets: $74.9 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, 2003)
(Dollar figures in thousands)
Total employees (full-time equivalent)30
Total assets$79,560
Cash and due from depository institutions$9,506
Interest-bearing balances$3,600
Federal funds sold & reverse repurchase agreements$12,945
Net loans & leases$45,356
Loan loss allowance $542
Trading account assets$0
Bank premises and fixed assets$3,291
Other real estate owned$0
Goodwill and other intangibles$408
All other assets$495
Life insurance assets$0
Total liabilities and capital$79,560
Total liabilities$73,522
Total deposits$72,217
Interest-bearing deposits$52,742
Deposits held in domestic offices$72,217
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $1,050
Subordinated debt $0
All other liabilities $255
Total equity capital$6,038
Total bank equity capital$6,038
Perpetual preferred stock$6,038
Common stock$0
Undivided profits $4,202
Noncurrent loans and leases $1,336
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $14,814
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $0
Average Assets, year-to-date $163
Average Assets, quarterly $69,460
Volatile liabilities $5,849
Insider loans $79,429
FHLB advances $79,107
Loans and leases held for sale $9,925
Unused loan commitments $520
Tier 1 (core) risk-based capital $1,050
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $14,814
Restructured Loans and leases $0
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Income and Expense (December 31, 2003)
(Dollar figures in thousands)
Total interest income $3,604
Total interest expense $696
Net interest income $2,908
Provision for loan and lease losses $82
Total noninterest income $443
Fiduciary activities $0
Service charges on deposit accounts $238
Trading account gains & fees $0
Additional noninterest income $205
Total noninterest expense $2,303
Salaries and employee benefits $1,273
Premises and equipment expense $330
Additional noninterest expense $700
Pre-tax net operating income $966
Securities gains (losses) $52
Applicable income taxes $318
Income before extraordinary items $700
Extraordinary gains - net $0
Net income attributable to bank $700
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $22
Net operating income $115
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Performance and Condition Ratios (December 31, 2003)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.12%
Cost of funding earning assets 0.99%
Net interest margin 4.13%
Noninterest income to earning assets 0.63%
Noninterest expense to earning assets 3.27%
Net operating income to assets 0.84%
Return on assets (ROA) 0.88%
Pretax return on assets 1.28%
Return on equity (ROE) 12.21%
Retained earnings to average equity (YTD only) 10.20%
Net charge-offs to loans 0.05%
Credit loss provision to net charge-offs 372.73%
Efficiency ratio47.64%
Assets per employee$68,726
Cash dividends to net income (YTD only)2.65%
Condition Ratios (%)
Loss allowance to loans 16.43%
Loss allowance to noncurrent loans 1.18%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 62.81%
Equity capital to assets 72.81%
Core capital (leverage) ratio 7.59%
Tier 1 risk-based capital ratio 7.21%
Total risk-based capital ratio 10.36%
Average assets$11
Average earning assets$79,429
Average equity $5,735
Average loans $70,332
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