Fremont National Bank of Canon City in Canon City, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 23, 2006

  • Fremont National Bank of Canon City in Canon City, Colorado (CO)
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Fremont National Bank of Canon City - Overview

  • General
  • FDIC Certificate #: 3000
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank, National Association (#3511)
    Federal Reserve ID: 625355
    Date Established: August 06, 1874
    WWW: http://www.fremontbank.net
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 1900
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 23, 2006
    Last Structure Change Process Date: October 13, 2006
    Last Data Update: October 13, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 532 Main Street, Canon City, CO 81212
    County: Fremont
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Ca?on City, CO (#15860)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $153.6 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, 2005)

  • Dollar figures in thousands
  • 66Total employees (full-time equivalent)
  • $143,707Total assets
  • $4,268Cash and due from depository institutions
  • $2,602Interest-bearing balances
  • $38,280Securities
  • $12,590Federal funds sold & reverse repurchase agreements
  • $83,968Net loans & leases
  • $1,456Loan loss allowance
  • $0Trading account assets
  • $1,999Bank premises and fixed assets
  • $416Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,186All other assets
  • $143,707Total liabilities and capital
  • $129,012Total liabilities
  • $128,468Total deposits
  • $108,044Interest-bearing deposits
  • $128,468Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $544All other liabilities
  • $14,695Total equity capital
  • $14,695Total bank equity capital
  • $14,695Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $1,000Undivided profits
  • Memoranda
  • $13,495Noncurrent loans and leases
  • $15,163Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $88Earning assets
  • $0Long-term assets (5+ years)
  • $951Average Assets, year-to-date
  • $137,440Average Assets, quarterly
  • $14,576Volatile liabilities
  • $137,688Insider loans
  • $141,426FHLB advances
  • $17,016Loans and leases held for sale
  • $12Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $15,163Total unused commitments
  • $0Restructured Loans and leases
  • $1,174Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $8,365Total interest income
  • $1,991Total interest expense
  • $6,374Net interest income
  • $115Provision for loan and lease losses
  • $755Total noninterest income
  • $0Fiduciary activities
  • $483Service charges on deposit accounts
  • $0Trading account gains & fees
  • $272Additional noninterest income
  • $4,517Total noninterest expense
  • $2,599Salaries and employee benefits
  • $651Premises and equipment expense
  • $1,267Additional noninterest expense
  • $2,497Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • $2,495Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,495Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $59Sale, conversion, retirement of capital stock, net
  • $2,300Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.33%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 4.82%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 3.42%Noninterest expense to earning assets
  • 1.81%Net operating income to assets
  • 1.81%Return on assets (ROA)
  • 1.81%Pretax return on assets
  • 16.94%Return on equity (ROE)
  • 1.32%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 194.92%Credit loss provision to net charge-offs
  • 44.27%Efficiency ratio
  • 63,361Assets per employee
  • 2.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 92.18%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 1654.55%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.10%Net loans and leases to deposits
  • 65.36%Net loans and leases to core deposits
  • 75.34%Equity capital to assets
  • 10.23%Core capital (leverage) ratio
  • 10.65%Tier 1 risk-based capital ratio
  • 15.97%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $137,688Average earning assets
  • $14,727Average equity
  • $132,107Average loans

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