First Northern Savings Bank, a Savings and Loan Association in city_name, state_name

First Northern Savings Bank, a Savings and Loan Association in Greeley, Colorado (CO)
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First Northern Savings Bank, a Savings and Loan Association - Overview

General
FDIC Certificate #: 32237
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: FirsTier Bank (#21690)
Federal Reserve ID: 982777
Date Established: September 07, 1984
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 8034
FDIC's unique #: 45071
Numeric code: 35
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: September 07, 1984
Last Structure Change Effective Date: Febuary 13, 1997
Last Structure Change Process Date: April 15, 1997
Last Data Update: April 15, 1997
Data Source Date: April 05, 2012
Location
Address: 924 11th St., Greeley, CO 80631
County: Weld
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): Greeley, CO (#3060)
Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
Core Based Statistical Area (CBSA): Greeley, CO (#24540)
CBSA Metro Statistical Area: Greeley, CO (#24540)
Financial Summary
Total assets: $33.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$18Total assets
$33,493Cash and due from depository institutions
$719Interest-bearing balances
$392Securities
$258Federal funds sold & reverse repurchase agreements
$1,400Net loans & leases
$28,925Loan loss allowance
$278Trading account assets
$493Bank premises and fixed assets
$597Other real estate owned
$266Goodwill and other intangibles
$835Life insurance assets
$0All other assets
$0Total liabilities and capital
$33,493Total liabilities
$30,746Total deposits
$25,572Interest-bearing deposits
$25,572Deposits held in domestic offices
25572.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$5,000Subordinated debt
$0All other liabilities
$174Total equity capital
$174Total bank equity capital
$2,747Perpetual preferred stock
$0Common stock
$1,093Surplus
$1,118Undivided profits
Memoranda
$536Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1Income earned, not collected on loans
$206Earning assets
$31,468Long-term assets (5+ years)
$0Average Assets, year-to-date
$29,550Average Assets, quarterly
$31,260Volatile liabilities
$7,913Insider loans
$0FHLB advances
$5,000Loans and leases held for sale
$0Unused loan commitments
$2,547Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,747Total risk weighted assets
$12,526Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$2,893Total interest expense
$1,373Net interest income
$1,520Provision for loan and lease losses
$0Total noninterest income
$756Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
-$14Additional noninterest income
$770Total noninterest expense
$1,867Salaries and employee benefits
$925Premises and equipment expense
$450Additional noninterest expense
$492Pre-tax net operating income
$409Securities gains (losses)
$157Applicable income taxes
$220Income before extraordinary items
$346Extraordinary gains - net
$0Net income attributable to bank
$346Net charge-offs
$32Cash dividends
$216Sale, conversion, retirement of capital stock, net
$18Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
10.50%Cost of funding earning assets
4.98%Net interest margin
5.52%Noninterest income to earning assets
2.74%Noninterest expense to earning assets
6.77%Net operating income to assets
0.83%Return on assets (ROA)
1.17%Pretax return on assets
1.92%Return on equity (ROE)
13.03%Retained earnings to average equity (YTD only)
4.90%Net charge-offs to loans
0.13%Credit loss provision to net charge-offs
0.00%Efficiency ratio
82,030Assets per employee
1.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
62.43%Loss allowance to loans
0.95%Loss allowance to noncurrent loans
27800.00%Noncurrent assets plus other real estate owned to assets
0.80%Noncurrent loans to loans
0.00%Net loans and leases to deposits
113.11%Net loans and leases to core deposits
127.65%Equity capital to assets
8.20%Core capital (leverage) ratio
8.20%Tier 1 risk-based capital ratio
21.93%Total risk-based capital ratio
Memoranda
$22Average assets
$29,550Average earning assets
$2,655Average equity
$27,560Average loans

First Northern Savings Bank, a Savings and Loan Association in Greeley, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Northern Savings Bank, a Savings and Loan Association - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

First Northern Savings Bank, a Savings and Loan Association in Greeley, Colorado (CO)Overview, Financial Summary, Detailed Financial Reports, Branches

First Northern Savings Bank, a Savings and Loan Association - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

First Northern Savings Bank, a Savings and Loan Association in Greeley, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches