Gunnison Savings and Loan Association in Gunnison, Colorado (CO)

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Gunnison Savings and Loan Association
GeneralFDIC Certificate #: 30388
Status: Active
Federal Reserve ID: 388874
Date Established: January 01, 1911
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 5267
FDIC's unique #: 43222
Numeric code: 36
Regulator: FDIC
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: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: September 12, 1949
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
LocationAddress: 303 North Main St, Gunnison, CO 81230
County: Gunnison
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 ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $106.5 mil
Equity capital: $9.9 mil
Deposits held in domestic offices: $94.9 mil
Return on assets (ROA): 0.03% ($0.0 mil)
Quarterly return on assets: 0.18% ($0.2 mil)
Return on Equity (ROE): 0.33% ($0.0 mil)
Quarterly return on equity: 1.87% ($0.2 mil)
Net income: $0.0 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.05% ($53.2 mil)
Quarterly Pretax return on assets: 0.21% ($223.6 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)27
Total assets$106,479
Cash and due from depository institutions$30,666
Interest-bearing balances$29,892
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$70,623
Loan loss allowance $575
Trading account assets$0
Bank premises and fixed assets$1,216
Other real estate owned$399
Goodwill and other intangibles$0
All other assets$1,616
Life insurance assets$106,479
Total liabilities and capital$96,612
Total liabilities$94,891
Total deposits$91,683
Interest-bearing deposits$94,891
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,600
Other borrowed funds $0
Subordinated debt $121
All other liabilities $9,867
Total equity capital$9,867
Total bank equity capital$9,867
Perpetual preferred stock$0
Common stock$0
Undivided profits $9,867
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,143
Earning assets $0
Long-term assets (5+ years) $286
Average Assets, year-to-date $102,474
Average Assets, quarterly $0
Volatile liabilities $104,875
Insider loans $104,991
FHLB advances $51,455
Loans and leases held for sale $106,479
Unused loan commitments $580
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $9,867
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,913
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,022
Total interest expense $1,680
Net interest income $2,342
Provision for loan and lease losses $60
Total noninterest income $173
Fiduciary activities $0
Service charges on deposit accounts $18
Trading account gains & fees $0
Additional noninterest income $155
Total noninterest expense $2,429
Salaries and employee benefits $1,500
Premises and equipment expense $374
Additional noninterest expense $555
Pre-tax net operating income $26
Securities gains (losses) $27
Applicable income taxes $21
Income before extraordinary items $32
Extraordinary gains - net $0
Net income attributable to bank $32
Net charge-offs $0
Cash dividends $32
Sale, conversion, retirement of capital stock, net -$41
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.98%
Cost of funding earning assets 1.66%
Net interest margin 2.31%
Noninterest income to earning assets 0.17%
Noninterest expense to earning assets 2.40%
Net operating income to assets 0.01%
Return on assets (ROA) 0.03%
Pretax return on assets 0.05%
Return on equity (ROE) 0.33%
Retained earnings to average equity (YTD only) 0.33%
Net charge-offs to loans -0.06%
Credit loss provision to net charge-offs -146.34%
Efficiency ratio0.00%
Assets per employee$96,581
Cash dividends to net income (YTD only)3.94%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.81%
Noncurrent assets plus other real estate owned to assets 50.31%
Noncurrent loans to loans 1.45%
Net loans and leases to deposits1.61%
Net loans and leases to core deposits 74.43%
Equity capital to assets 79.22%
Core capital (leverage) ratio 9.27%
Tier 1 risk-based capital ratio 9.27%
Total risk-based capital ratio 19.18%
Average assets$20
Average earning assets$104,875
Average equity $9,835
Average loans $101,182
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2 Colorado Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
043222Gunnison Savings And Loan Associatio303 North Main St, Gunnison, CO 81230January 01, 1911Full Service Brick and Mortar
1495965Crested Butte Branch501 Elk Ave, Crested Butte, CO 81224November 01, 2001Full Service Brick and Mortar
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