Independent Bank in Kersey, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 28, 1998

  • Independent Bank in Kersey, Colorado (CO)
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Independent Bank - Overview

  • General
  • FDIC Certificate #: 22938
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Vectra Bank Colorado, National Association (#2993)
    Federal Reserve ID: 383954
    Date Established: September 04, 1979
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 13356
    FDIC's unique #: 16045
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 04, 1979
    Last Structure Change Effective Date: August 28, 1998
    Last Structure Change Process Date: September 14, 1998
    Last Data Update: September 14, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 227 First Street, Kersey, CO 80644
    County: Weld
    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
    Metropolitan Statistical Area (MSA): Greeley, CO (#3060)
    Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
    Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
    Core Based Statistical Area (CBSA): Greeley, CO (#24540)
    CBSA Metro Statistical Area: Greeley, CO (#24540)
  • Financial Summary
  • Total assets: $150.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 76Total employees (full-time equivalent)
  • $135,486Total assets
  • $4,100Cash and due from depository institutions
  • $74Interest-bearing balances
  • $12,995Securities
  • $6,425Federal funds sold & reverse repurchase agreements
  • $105,182Net loans & leases
  • $1,836Loan loss allowance
  • $0Trading account assets
  • $3,428Bank premises and fixed assets
  • $28Other real estate owned
  • $297Goodwill and other intangibles
  • $0Life insurance assets
  • $3,031All other assets
  • $135,486Total liabilities and capital
  • $125,741Total liabilities
  • $124,912Total deposits
  • $109,483Interest-bearing deposits
  • $124,912Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $829All other liabilities
  • $9,745Total equity capital
  • $9,745Total bank equity capital
  • $9,745Perpetual preferred stock
  • $0Common stock
  • $684Surplus
  • $4,319Undivided profits
  • Memoranda
  • $4,742Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $905Earning assets
  • $0Long-term assets (5+ years)
  • $2,132Average Assets, year-to-date
  • $124,676Average Assets, quarterly
  • $11,767Volatile liabilities
  • $124,321Insider loans
  • $135,277FHLB advances
  • $17,969Loans and leases held for sale
  • $787Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $16,466Total unused commitments
  • $0Restructured Loans and leases
  • $111,248Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $12,731Total interest income
  • $5,677Total interest expense
  • $7,054Net interest income
  • $1,315Provision for loan and lease losses
  • $1,370Total noninterest income
  • $0Fiduciary activities
  • $863Service charges on deposit accounts
  • $0Trading account gains & fees
  • $507Additional noninterest income
  • $5,282Total noninterest expense
  • $2,621Salaries and employee benefits
  • $802Premises and equipment expense
  • $1,859Additional noninterest expense
  • $1,827Pre-tax net operating income
  • $0Securities gains (losses)
  • $654Applicable income taxes
  • $1,173Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,173Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $375Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 11.19%Yield on earning assets
  • 4.99%Cost of funding earning assets
  • 6.20%Net interest margin
  • 1.20%Noninterest income to earning assets
  • 4.64%Noninterest expense to earning assets
  • 0.94%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 13.93%Return on equity (ROE)
  • 13.93%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 350.67%Credit loss provision to net charge-offs
  • 8.38%Efficiency ratio
  • 61,681Assets per employee
  • 1.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 202.87%Noncurrent assets plus other real estate owned to assets
  • 0.69%Noncurrent loans to loans
  • 0.85%Net loans and leases to deposits
  • 84.20%Net loans and leases to core deposits
  • 98.35%Equity capital to assets
  • 7.19%Core capital (leverage) ratio
  • 6.92%Tier 1 risk-based capital ratio
  • 8.47%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $124,321Average earning assets
  • $8,422Average equity
  • $113,774Average loans

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