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

This bank is inactive as of May 02, 1995

  • Independent Bank of Platteville in Platteville, Colorado (CO)
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Independent Bank of Platteville - Overview

  • General
  • FDIC Certificate #: 22801
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Independent Bank (#22938)
    Federal Reserve ID: 102258
    Date Established: Febuary 12, 1979
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 15924
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 12, 1979
    Last Structure Change Effective Date: May 02, 1995
    Last Structure Change Process Date: May 22, 1995
    Last Data Update: May 22, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 390 Justin Avenue, Platteville, CO 80651
    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: $13.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $11Total assets
  • $12,767Cash and due from depository institutions
  • $701Interest-bearing balances
  • $100Securities
  • $1,220Federal funds sold & reverse repurchase agreements
  • $1,400Net loans & leases
  • $8,810Loan loss allowance
  • $148Trading account assets
  • $0Bank premises and fixed assets
  • $391Other real estate owned
  • $54Goodwill and other intangibles
  • $191Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $12,767Total liabilities
  • $11,597Total deposits
  • $11,452Interest-bearing deposits
  • $8,636Deposits held in domestic offices
  • 11452.00%% insured (estimated)
  • $65Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $87Subordinated debt
  • $0All other liabilities
  • $58Total equity capital
  • $58Total bank equity capital
  • $1,170Perpetual preferred stock
  • $0Common stock
  • $430Surplus
  • $28Undivided profits
  • Memoranda
  • $712Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $142Income earned, not collected on loans
  • $138Earning assets
  • $11,530Long-term assets (5+ years)
  • $1,062Average Assets, year-to-date
  • $12,114Average Assets, quarterly
  • $12,735Volatile liabilities
  • $616Insider loans
  • $45FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,303Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,170Total risk weighted assets
  • $9,277Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,073Total interest expense
  • $323Net interest income
  • $750Provision for loan and lease losses
  • $60Total noninterest income
  • $176Fiduciary activities
  • $0Service charges on deposit accounts
  • $148Trading account gains & fees
  • $0Additional noninterest income
  • $28Total noninterest expense
  • $612Salaries and employee benefits
  • $311Premises and equipment expense
  • $73Additional noninterest expense
  • $228Pre-tax net operating income
  • $254Securities gains (losses)
  • $0Applicable income taxes
  • $88Income before extraordinary items
  • $166Extraordinary gains - net
  • $0Net income attributable to bank
  • $166Net charge-offs
  • $61Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.66%Cost of funding earning assets
  • 2.91%Net interest margin
  • 6.75%Noninterest income to earning assets
  • 1.59%Noninterest expense to earning assets
  • 5.51%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 2.10%Return on equity (ROE)
  • 15.25%Retained earnings to average equity (YTD only)
  • 15.25%Net charge-offs to loans
  • 0.79%Credit loss provision to net charge-offs
  • 98.36%Efficiency ratio
  • 66,091Assets per employee
  • 1.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 104.23%Noncurrent assets plus other real estate owned to assets
  • 1.54%Noncurrent loans to loans
  • 1.59%Net loans and leases to deposits
  • 76.93%Net loans and leases to core deposits
  • 81.30%Equity capital to assets
  • 9.16%Core capital (leverage) ratio
  • 8.94%Tier 1 risk-based capital ratio
  • 12.61%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $12,114Average earning assets
  • $1,088Average equity
  • $11,104Average loans

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