First State Bank of Colorado in Hotchkiss, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank of Colorado - Overview

  • General
  • FDIC Certificate #: 12373
    Status: Active
    Federal Reserve ID: 277053
    Bank Holding Company (Regulatory Top Holder): Custer Bancorp. (RSSDID: 1065181, Location: Denver, CO)
    Date Established: July 19, 1930
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 7868
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 30, 2010
    Last Structure Change Process Date: July 09, 2010
    Last Data Update: July 09, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 East Bridge Street, Hotchkiss, CO 81419
    County: Delta
    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
  • Participated in Absorption/Consolidation/Merger
    Name Change
  • Financial Summary
  • Total assets: $179.8 mil
    Equity capital: $24.5 mil
    Deposits held in domestic offices: $155.0 mil
    Return on assets (ROA): 0.51% ($0.9 mil)
    Quarterly return on assets: 0.58% ($1.0 mil)
    Return on Equity (ROE): 3.82% ($0.9 mil)
    Quarterly return on equity: 4.23% ($1.0 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.74% ($1,330.5 mil)
    Quarterly Pretax return on assets: 0.89% ($1,600.2 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, 2011)

  • Dollar figures in thousands
  • 65Total employees (full-time equivalent)
  • $179,801Total assets
  • $11,666Cash and due from depository institutions
  • $6,083Interest-bearing balances
  • $42,252Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $107,810Net loans & leases
  • $2,632Loan loss allowance
  • $0Trading account assets
  • $2,483Bank premises and fixed assets
  • $9,358Other real estate owned
  • $3,544Goodwill and other intangibles
  • $179,801Life insurance assets
  • $2,688All other assets
  • $155,310Total liabilities and capital
  • $154,952Total liabilities
  • $117,083Total deposits
  • $154,952Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $358Subordinated debt
  • $24,491All other liabilities
  • $24,491Total equity capital
  • $24,491Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $13,172Surplus
  • $11,019Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,111Income earned, not collected on loans
  • $562Earning assets
  • $797Long-term assets (5+ years)
  • $156,145Average Assets, year-to-date
  • $44,892Average Assets, quarterly
  • $182,712Volatile liabilities
  • $179,959Insider loans
  • $116,227FHLB advances
  • $175,039Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,836Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,946Restructured Loans and leases
  • $1,483Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,593Total interest income
  • $1,110Total interest expense
  • $7,483Net interest income
  • $250Provision for loan and lease losses
  • $923Total noninterest income
  • $0Fiduciary activities
  • $359Service charges on deposit accounts
  • $0Trading account gains & fees
  • $564Additional noninterest income
  • $7,091Total noninterest expense
  • $3,213Salaries and employee benefits
  • $628Premises and equipment expense
  • $3,250Additional noninterest expense
  • $1,065Pre-tax net operating income
  • $294Securities gains (losses)
  • $435Applicable income taxes
  • $924Income before extraordinary items
  • $0Extraordinary gains - net
  • $924Net income attributable to bank
  • $0Net charge-offs
  • $924Cash dividends
  • $303Sale, conversion, retirement of capital stock, net
  • $551Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.37%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 4.68%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 4.43%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 3.82%Return on equity (ROE)
  • 1.54%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 82.51%Credit loss provision to net charge-offs
  • 4.34%Efficiency ratio
  • 81,858Assets per employee
  • 2.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.63%Loss allowance to loans
  • 2.38%Loss allowance to noncurrent loans
  • 64.02%Noncurrent assets plus other real estate owned to assets
  • 7.49%Noncurrent loans to loans
  • 3.72%Net loans and leases to deposits
  • 69.58%Net loans and leases to core deposits
  • 73.44%Equity capital to assets
  • 13.62%Core capital (leverage) ratio
  • 11.90%Tier 1 risk-based capital ratio
  • 17.93%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $182,712Average earning assets
  • $24,220Average equity
  • $159,952Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $12Managed Assets
  • 1Number of Accounts
  • $12Personal trust and agency accounts
  • $12Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07868First State Bank Of Colorado102 East Bridge Street, Hotchkiss, CO 81419July 19, 1930Full Service Brick and Mortar
    115696Paonia Branch128 Grand Avenue, Paonia, CO 81428August 15, 1977Full Service Brick and Mortar
    2254798Crawford Branch392 Highway 92, Crawford, CO 81415Febuary 16, 1999Full Service Brick and Mortar
    315904Westcliffe Branch1000 Main Street, Westcliffe, CO 81252January 02, 1979Full Service Brick and Mortar
    413593Fountain Branch410 South Santa Fe, Fountain, CO 80817March 11, 1968Full Service Brick and Mortar

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