Grand Mountain Bank, FSB in Granby, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Grand Mountain Bank, FSB in Granby, Colorado (CO)
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Grand Mountain Bank, FSB - Overview

  • General
  • FDIC Certificate #: 57531
    Status: Active
    Federal Reserve ID: 3148033
    Date Established: November 26, 2003
    WWW: http://www.grandmountainbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 17950
    FDIC's unique #: 365044
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 26, 2003
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 337 East Agate Avenue, Granby, CO 80446
    County: Grand
    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
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $102.0 mil
    Equity capital: $6.4 mil
    Deposits held in domestic offices: $93.1 mil
    Return on assets (ROA): -3.91% (-$4.0 mil)
    Quarterly return on assets: -1.21% (-$1.2 mil)
    Return on Equity (ROE): -50.94% (-$3.1 mil)
    Quarterly return on equity: -19.33% (-$1.2 mil)
    Net income: -$4.4 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -3.51% (-$3,581.1 mil)
    Quarterly Pretax return on assets: -1.25% (-$1,275.3 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
  • 30Total employees (full-time equivalent)
  • $102,026Total assets
  • $12,461Cash and due from depository institutions
  • $6,397Interest-bearing balances
  • $9,114Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $68,781Net loans & leases
  • $3,810Loan loss allowance
  • $0Trading account assets
  • $5,579Bank premises and fixed assets
  • $3,904Other real estate owned
  • $0Goodwill and other intangibles
  • $102,026Life insurance assets
  • $2,187All other assets
  • $95,639Total liabilities and capital
  • $93,063Total liabilities
  • $80,043Total deposits
  • $93,063Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,863Trading liabilities
  • $0Other borrowed funds
  • $713Subordinated debt
  • $6,387All other liabilities
  • $6,387Total equity capital
  • $6,387Total bank equity capital
  • $0Perpetual preferred stock
  • $547Common stock
  • $10,536Surplus
  • $-4,696Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,090Income earned, not collected on loans
  • $0Earning assets
  • $343Long-term assets (5+ years)
  • $84,292Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $113,176Volatile liabilities
  • $104,067Insider loans
  • $67,626FHLB advances
  • $101,989Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,963Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,804Restructured Loans and leases
  • $1,124Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,752Total interest income
  • $1,200Total interest expense
  • $3,552Net interest income
  • $3,108Provision for loan and lease losses
  • $480Total noninterest income
  • $0Fiduciary activities
  • $131Service charges on deposit accounts
  • $0Trading account gains & fees
  • $349Additional noninterest income
  • $4,979Total noninterest expense
  • $2,121Salaries and employee benefits
  • $881Premises and equipment expense
  • $1,977Additional noninterest expense
  • -$4,055Pre-tax net operating income
  • $82Securities gains (losses)
  • $455Applicable income taxes
  • -$4,428Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,428Net income attributable to bank
  • $0Net charge-offs
  • -$4,428Cash dividends
  • $1,654Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 3.66%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 5.13%Noninterest expense to earning assets
  • -3.98%Net operating income to assets
  • -3.91%Return on assets (ROA)
  • -3.51%Pretax return on assets
  • -50.94%Return on equity (ROE)
  • -50.94%Retained earnings to average equity (YTD only)
  • 2.12%Net charge-offs to loans
  • 187.91%Credit loss provision to net charge-offs
  • -0.57%Efficiency ratio
  • 123,487Assets per employee
  • 3.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.25%Loss allowance to noncurrent loans
  • 53.74%Noncurrent assets plus other real estate owned to assets
  • 10.29%Noncurrent loans to loans
  • 9.77%Net loans and leases to deposits
  • 73.91%Net loans and leases to core deposits
  • 75.81%Equity capital to assets
  • 6.26%Core capital (leverage) ratio
  • 6.23%Tier 1 risk-based capital ratio
  • 8.82%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $113,176Average earning assets
  • $8,692Average equity
  • $97,127Average loans

List of branches

  • 5 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0365044Grand Mountain Bank, Fsb337 East Agate Avenue, Granby, CO 80446November 26, 2003Full Service Brick and Mortar
    1464508Grand Lake Branch902 Grand Avenue, Grand Lake, CO 80447December 10, 2003Full Service Brick and Mortar
    3468669Thompson Road Branch1001 Thompson Road, Granby, CO 80446November 28, 2006Full Service Brick and Mortar
    4468670Kremmling Branch100 West Park Avenue, Kremmling, CO 80459December 26, 2006Full Service Brick and Mortar
    5495243197 N Zerex Branch197 N Zerex, Fraser, CO 80442June 30, 2009Full Service Brick and Mortar

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