First National Bank of Lake City & Creede - Overview
General
FDIC Certificate #: 24575 Status: Inactive Closing history: Office Sold Acquiring institution:Native American Bank, National Association (#27026) Federal Reserve ID: 569459 Date Established: May 16, 1983 WWW:http://www.lakecitycreedebank.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 13302 FDIC's unique #: 17076 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 16, 1983 Last Structure Change Effective Date: April 02, 2007 Last Structure Change Process Date: April 05, 2007 Last Data Update: April 05, 2007 Data Source Date: April 05, 2012
Location
Address: 231 Silver Street, Lake City, CO 81235 County: Hinsdale 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
Merger - Without Assistance
Office Sold
Financial Summary
Total assets: $33.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
13Total employees (full-time equivalent)
$34,375Total assets
$3,243Cash and due from depository institutions
$1,891Interest-bearing balances
$10,139Securities
$3,400Federal funds sold & reverse repurchase agreements
$15,842Net loans & leases
$261Loan loss allowance
$0Trading account assets
$609Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$666Life insurance assets
$1,142All other assets
$34,375Total liabilities and capital
$31,215Total liabilities
$31,048Total deposits
$22,921Interest-bearing deposits
$31,048Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$167All other liabilities
$3,160Total equity capital
$3,160Total bank equity capital
$3,160Perpetual preferred stock
$0Common stock
$500Surplus
$2,138Undivided profits
Memoranda
$522Noncurrent loans and leases
$2,987Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$12Earning assets
$0Long-term assets (5+ years)
$207Average Assets, year-to-date
$31,272Average Assets, quarterly
$6,168Volatile liabilities
$35,624Insider loans
$35,899FHLB advances
$2,621Loans and leases held for sale
$299Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,987Total unused commitments
$0Restructured Loans and leases
$243Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$2,220Total interest income
$573Total interest expense
$1,647Net interest income
$0Provision for loan and lease losses
$139Total noninterest income
$0Fiduciary activities
$38Service charges on deposit accounts
$0Trading account gains & fees
$101Additional noninterest income
$1,248Total noninterest expense
$694Salaries and employee benefits
$143Premises and equipment expense
$411Additional noninterest expense
$538Pre-tax net operating income
$0Securities gains (losses)
$171Applicable income taxes
$367Income before extraordinary items
$0Extraordinary gains - net
$367Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$18Sale, conversion, retirement of capital stock, net
$73Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.88%Yield on earning assets
1.78%Cost of funding earning assets
5.10%Net interest margin
0.43%Noninterest income to earning assets
3.87%Noninterest expense to earning assets
1.03%Net operating income to assets
1.03%Return on assets (ROA)
1.51%Pretax return on assets
12.52%Return on equity (ROE)
10.03%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
29.89%Efficiency ratio
69,877Assets per employee
2.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
19.89%Loss allowance to loans
1.62%Loss allowance to noncurrent loans
2175.00%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.07%Net loans and leases to deposits
51.02%Net loans and leases to core deposits
55.73%Equity capital to assets
9.19%Core capital (leverage) ratio
9.25%Tier 1 risk-based capital ratio
16.76%Total risk-based capital ratio
Memoranda
$18Average assets
$35,624Average earning assets
$2,931Average equity
$32,266Average loans
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