High Country Bank in Salida, Colorado (CO)

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High Country Bank
GeneralFDIC Certificate #: 29783
Status: Active
Federal Reserve ID: 479370
Bank Holding Company (Regulatory Top Holder): High Country Bancorp, Inc. (RSSDID: 3833834, Location: Salida, CO)
Date Established: January 01, 1886
WWW: http://www.highcountrybank.net
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 4082
FDIC's unique #: 42617
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: May 03, 1937
Last Structure Change Effective Date: April 01, 2009
Last Structure Change Process Date: April 08, 2009
Last Data Update: April 08, 2009
Data Source Date: April 05, 2012
LocationAddress: 7360 West Us Highway 50, Salida, CO 81201
County: Chaffee
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
Change in Entity Type
Change in Supervisory Agency
Change in Chartering Agent
Financial SummaryTotal assets: $181.4 mil
Equity capital: $21.3 mil
Deposits held in domestic offices: $158.6 mil
Return on assets (ROA): 0.87% ($1.6 mil)
Quarterly return on assets: 0.92% ($1.7 mil)
Return on Equity (ROE): 7.38% ($1.5 mil)
Quarterly return on equity: 7.88% ($1.7 mil)
Net income: $1.6 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.19% ($2,158.5 mil)
Quarterly Pretax return on assets: 1.38% ($2,503.2 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)
Total employees (full-time equivalent)62
Total assets$181,388
Cash and due from depository institutions$24,459
Interest-bearing balances$21,305
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$128,342
Loan loss allowance $1,483
Trading account assets$0
Bank premises and fixed assets$6,456
Other real estate owned$2,580
Goodwill and other intangibles$0
All other assets$4,688
Life insurance assets$181,388
Total liabilities and capital$160,045
Total liabilities$158,622
Total deposits$144,923
Interest-bearing deposits$158,622
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$200
Other borrowed funds $0
Subordinated debt $1,223
All other liabilities $21,343
Total equity capital$21,343
Total bank equity capital$21,343
Perpetual preferred stock$0
Common stock$3,000
Undivided profits $15,483
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 $1,379
Earning assets $0
Long-term assets (5+ years) $787
Average Assets, year-to-date $164,510
Average Assets, quarterly $70,767
Volatile liabilities $180,161
Insider loans $183,280
FHLB advances $117,688
Loans and leases held for sale $183,593
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $21,307
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $13,944
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,874
Total interest expense $1,510
Net interest income $8,364
Provision for loan and lease losses $790
Total noninterest income $1,001
Fiduciary activities $0
Service charges on deposit accounts $321
Trading account gains & fees $0
Additional noninterest income $680
Total noninterest expense $6,440
Salaries and employee benefits $3,680
Premises and equipment expense $1,056
Additional noninterest expense $1,704
Pre-tax net operating income $2,135
Securities gains (losses) $0
Applicable income taxes $563
Income before extraordinary items $1,572
Extraordinary gains - net $0
Net income attributable to bank $1,572
Net charge-offs $0
Cash dividends $1,572
Sale, conversion, retirement of capital stock, net $705
Net operating income $1,350
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.07%
Cost of funding earning assets 0.93%
Net interest margin 5.14%
Noninterest income to earning assets 0.62%
Noninterest expense to earning assets 3.96%
Net operating income to assets 0.87%
Return on assets (ROA) 0.87%
Pretax return on assets 1.19%
Return on equity (ROE) 7.38%
Retained earnings to average equity (YTD only) 1.04%
Net charge-offs to loans 0.52%
Credit loss provision to net charge-offs 112.06%
Efficiency ratio4.15%
Assets per employee$68,767
Cash dividends to net income (YTD only)2.93%
Condition Ratios (%)
Loss allowance to loans 85.88%
Loss allowance to noncurrent loans 1.14%
Noncurrent assets plus other real estate owned to assets 107.54%
Noncurrent loans to loans 2.18%
Net loans and leases to deposits1.06%
Net loans and leases to core deposits 80.91%
Equity capital to assets 82.50%
Core capital (leverage) ratio 11.77%
Tier 1 risk-based capital ratio 11.61%
Total risk-based capital ratio 18.10%
Average assets$19
Average earning assets$180,161
Average equity $21,309
Average loans $162,753
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4 Colorado Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042617High Country Bank7360 West Us Highway 50, Salida, CO 81201January 01, 1886Full Service Brick and Mortar
102277163Buena Vista Branch516 Hwy 24 North, Buena Vista, CO 81211October 01, 1996Full Service Brick and Mortar
103464110Second Street Branch130 West Second Street, Salida, CO 81201June 20, 2007Full Service Brick and Mortar
105464112Canon City Branch150 North Raynolds, Canon City, CO 81212June 20, 2007Full Service Brick and Mortar
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