First Security Bank of Craig in Craig, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 16, 1998

First Security Bank of Craig in Craig, Colorado (CO)
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First Security Bank of Craig - Overview

General
FDIC Certificate #: 27439
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Imperial Bank (#18835)
Federal Reserve ID: 1359200
Date Established: September 21, 1988
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
OTS Docket #: 14108
FDIC's unique #: 39932
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: September 21, 1988
Last Structure Change Effective Date: November 16, 1998
Last Structure Change Process Date: December 03, 1998
Last Data Update: December 03, 1998
Data Source Date: April 05, 2012
Location
Address: 250 West Victory Way, Craig, CO 81625
County: Moffat
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Kansas City
FDIC Field Office: Denver
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $44.0 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
21Total employees (full-time equivalent)
$41,103Total assets
$1,741Cash and due from depository institutions
$0Interest-bearing balances
$13,950Securities
$500Federal funds sold & reverse repurchase agreements
$23,790Net loans & leases
$951Loan loss allowance
$0Trading account assets
$499Bank premises and fixed assets
$25Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$598All other assets
$41,103Total liabilities and capital
$38,044Total liabilities
$37,163Total deposits
$32,920Interest-bearing deposits
$37,163Deposits held in domestic offices
0.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$0Trading liabilities
$500Other borrowed funds
$0Subordinated debt
$294All other liabilities
$3,059Total equity capital
$3,059Total bank equity capital
$3,059Perpetual preferred stock
$0Common stock
$100Surplus
$400Undivided profits
Memoranda
$2,559Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,067Earning assets
$0Long-term assets (5+ years)
$311Average Assets, year-to-date
$38,240Average Assets, quarterly
$2,969Volatile liabilities
$42,250Insider loans
$41,450FHLB advances
$6,210Loans and leases held for sale
$53Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,699Total unused commitments
$0Restructured Loans and leases
$27,316Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$3,637Total interest income
$1,437Total interest expense
$2,200Net interest income
$1,891Provision for loan and lease losses
$509Total noninterest income
$0Fiduciary activities
$377Service charges on deposit accounts
$0Trading account gains & fees
$132Additional noninterest income
$1,548Total noninterest expense
$712Salaries and employee benefits
$154Premises and equipment expense
$682Additional noninterest expense
-$730Pre-tax net operating income
$0Securities gains (losses)
-$312Applicable income taxes
-$418Income before extraordinary items
$0Extraordinary gains - net
-$418Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,401Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.38%Yield on earning assets
3.71%Cost of funding earning assets
5.67%Net interest margin
1.31%Noninterest income to earning assets
3.99%Noninterest expense to earning assets
-0.99%Net operating income to assets
-0.99%Return on assets (ROA)
-1.73%Pretax return on assets
-13.12%Return on equity (ROE)
-13.12%Retained earnings to average equity (YTD only)
5.02%Net charge-offs to loans
134.98%Credit loss provision to net charge-offs
0.83%Efficiency ratio
57,143Assets per employee
1.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.84%Loss allowance to noncurrent loans
89.13%Noncurrent assets plus other real estate owned to assets
2.66%Noncurrent loans to loans
4.31%Net loans and leases to deposits
64.02%Net loans and leases to core deposits
75.43%Equity capital to assets
7.44%Core capital (leverage) ratio
7.16%Tier 1 risk-based capital ratio
11.09%Total risk-based capital ratio
Memoranda
$12Average assets
$42,250Average earning assets
$3,187Average equity
$38,772Average loans

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