FDIC Certificate #: 16608 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Peak National Bank (#26751) Federal Reserve ID: 381857 Date Established: January 01, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 13890 FDIC's unique #: 10750 Numeric code: 21 Regulator: FDIC 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: August 06, 1947 Last Structure Change Effective Date: December 31, 2005 Last Structure Change Process Date: January 18, 2006 Last Data Update: January 18, 2006 Data Source Date: April 05, 2012
Location
Address: 15th And Miner Streets, Idaho Springs, CO 80452 County: Clear Creek 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 Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216) Core Based Statistical Area (CBSA): Denver-Aurora-Broomfield, CO (#19740) CBSA Metro Statistical Area: Denver-Aurora-Broomfield, CO (#19740)
Financial Summary
Total assets: $35.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
9Total employees (full-time equivalent)
$29,315Total assets
$2,807Cash and due from depository institutions
$1,998Interest-bearing balances
$504Securities
$900Federal funds sold & reverse repurchase agreements
$21,960Net loans & leases
$346Loan loss allowance
$0Trading account assets
$222Bank premises and fixed assets
$1,620Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,302All other assets
$29,315Total liabilities and capital
$25,671Total liabilities
$25,601Total deposits
$20,152Interest-bearing deposits
$25,601Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$70All other liabilities
$3,644Total equity capital
$3,644Total bank equity capital
$3,644Perpetual preferred stock
$0Common stock
$308Surplus
$817Undivided profits
Memoranda
$2,519Noncurrent loans and leases
$7,966Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$96Earning assets
$0Long-term assets (5+ years)
$90Average Assets, year-to-date
$25,362Average Assets, quarterly
$974Volatile liabilities
$30,080Insider loans
$30,348FHLB advances
$1,901Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,966Total unused commitments
$0Restructured Loans and leases
$322Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$1,722Total interest income
$408Total interest expense
$1,314Net interest income
$0Provision for loan and lease losses
$276Total noninterest income
$0Fiduciary activities
$68Service charges on deposit accounts
$0Trading account gains & fees
$208Additional noninterest income
$1,402Total noninterest expense
$539Salaries and employee benefits
$129Premises and equipment expense
$734Additional noninterest expense
$188Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$188Income before extraordinary items
$0Extraordinary gains - net
$188Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$61Sale, conversion, retirement of capital stock, net
$172Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.56%Yield on earning assets
1.56%Cost of funding earning assets
5.01%Net interest margin
1.05%Noninterest income to earning assets
5.34%Noninterest expense to earning assets
0.63%Net operating income to assets
0.63%Return on assets (ROA)
0.63%Pretax return on assets
5.04%Return on equity (ROE)
0.43%Retained earnings to average equity (YTD only)
0.29%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
3.08%Efficiency ratio
88,176Assets per employee
3.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
91.49%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
360.42%Noncurrent assets plus other real estate owned to assets
5.85%Noncurrent loans to loans
0.43%Net loans and leases to deposits
85.78%Net loans and leases to core deposits
92.66%Equity capital to assets
12.43%Core capital (leverage) ratio
12.14%Tier 1 risk-based capital ratio
14.18%Total risk-based capital ratio
Memoranda
$15Average assets
$30,080Average earning assets
$3,727Average equity
$26,234Average loans
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