Fort Morgan State Bank in Fort Morgan, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Fort Morgan State Bank in Fort Morgan, Colorado (CO)
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Fort Morgan State Bank - Overview

  • General
  • FDIC Certificate #: 23764
    Status: Active
    Federal Reserve ID: 257756
    Bank Holding Company (Regulatory Top Holder): Morgan Capital Corporation (RSSDID: 1066049, Location: Fort Morgan, CO)
    Date Established: April 12, 1982
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 16615
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 12, 1982
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 520 Sherman Street, Fort Morgan, CO 80701
    County: Morgan
    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
    Core Based Statistical Area (CBSA): Fort Morgan, CO (#22820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $101.3 mil
    Equity capital: $12.3 mil
    Deposits held in domestic offices: $76.2 mil
    Return on assets (ROA): 1.42% ($1.4 mil)
    Quarterly return on assets: 1.95% ($2.0 mil)
    Return on Equity (ROE): 14.07% ($1.7 mil)
    Quarterly return on equity: 16.53% ($2.0 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.42% ($1,438.0 mil)
    Quarterly Pretax return on assets: 1.95% ($1,974.7 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
  • 34Total employees (full-time equivalent)
  • $101,269Total assets
  • $4,780Cash and due from depository institutions
  • $1,036Interest-bearing balances
  • $20,927Securities
  • $1,250Federal funds sold & reverse repurchase agreements
  • $69,003Net loans & leases
  • $1,368Loan loss allowance
  • $0Trading account assets
  • $1,164Bank premises and fixed assets
  • $496Other real estate owned
  • $0Goodwill and other intangibles
  • $101,269Life insurance assets
  • $3,649All other assets
  • $88,999Total liabilities and capital
  • $76,194Total liabilities
  • $59,716Total deposits
  • $76,194Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 4879.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,603Trading liabilities
  • $0Other borrowed funds
  • $323Subordinated debt
  • $12,270All other liabilities
  • $12,270Total equity capital
  • $12,270Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $5,583Surplus
  • $6,287Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $443Income earned, not collected on loans
  • $0Earning assets
  • $526Long-term assets (5+ years)
  • $92,216Average Assets, year-to-date
  • $38,498Average Assets, quarterly
  • $92,462Volatile liabilities
  • $100,566Insider loans
  • $76,099FHLB advances
  • $99,894Loans and leases held for sale
  • $731Unused loan commitments
  • $731Tier 1 (core) risk-based capital
  • $11,895Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,356Restructured Loans and leases
  • $1,341Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,972Total interest income
  • $944Total interest expense
  • $4,028Net interest income
  • $345Provision for loan and lease losses
  • $937Total noninterest income
  • $0Fiduciary activities
  • $276Service charges on deposit accounts
  • $0Trading account gains & fees
  • $661Additional noninterest income
  • $3,325Total noninterest expense
  • $1,953Salaries and employee benefits
  • $272Premises and equipment expense
  • $1,100Additional noninterest expense
  • $1,295Pre-tax net operating income
  • $20Securities gains (losses)
  • $0Applicable income taxes
  • $1,315Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,315Net income attributable to bank
  • $0Net charge-offs
  • $1,315Cash dividends
  • $81Sale, conversion, retirement of capital stock, net
  • $435Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.91%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 4.79%Net interest margin
  • 1.11%Noninterest income to earning assets
  • 3.95%Noninterest expense to earning assets
  • 1.40%Net operating income to assets
  • 1.42%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 14.07%Return on equity (ROE)
  • 9.41%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 425.93%Credit loss provision to net charge-offs
  • 20.25%Efficiency ratio
  • 66,969Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.08%Loss allowance to loans
  • 1.94%Loss allowance to noncurrent loans
  • 308.80%Noncurrent assets plus other real estate owned to assets
  • 0.93%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 90.56%Net loans and leases to core deposits
  • 106.93%Equity capital to assets
  • 12.12%Core capital (leverage) ratio
  • 11.91%Tier 1 risk-based capital ratio
  • 15.63%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $92,462Average earning assets
  • $9,348Average equity
  • $84,162Average loans

List of branches

  • 4 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016615Fort Morgan State Bank520 Sherman Street, Fort Morgan, CO 80701April 12, 1982Full Service Brick and Mortar
    1455846Limited Service - Messenger520 Sherman St., Fort Morgan, CO 80701January 01, 2006Limited Service Messenger
    2463539Fort Morgan State Bank1505 E. Burlington Ave., Fort Morgan, CO 80701June 05, 2007
    3522322Fms Bank1919 65th Avenue, Suite 1, Greeley, CO 80634August 15, 2011Full Service Retail

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