Kit Carson State Bank in Kit Carson, Colorado (CO)



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Kit Carson State Bank routing number info

Table of contents:
Kit Carson State Bank
GeneralFDIC Certificate #: 9216
Status: Active
Federal Reserve ID: 187451
Bank Holding Company (Regulatory Top Holder): Harker Investments, Lllp (RSSDID: 3655063, Location: Denver, CO)
Date Established: November 19, 1909
WWW: http://www.kitcarsonstatebank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 5899
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 01, 2006
Last Structure Change Process Date: July 20, 2006
Last Data Update: July 20, 2006
Data Source Date: April 05, 2012
LocationAddress: 113 Main Street, Kit Carson, CO 80825
County: Cheyenne
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 Location
Financial SummaryTotal assets: $72.4 mil
Equity capital: $7.5 mil
Deposits held in domestic offices: $64.3 mil
Return on assets (ROA): 1.09% ($0.8 mil)
Quarterly return on assets: 0.84% ($0.6 mil)
Return on Equity (ROE): 10.16% ($0.8 mil)
Quarterly return on equity: 7.74% ($0.6 mil)
Net income: $0.7 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.53% ($1,107.3 mil)
Quarterly Pretax return on assets: 1.16% ($839.5 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)22
Total assets$72,373
Cash and due from depository institutions$6,676
Interest-bearing balances$6,034
Securities$24,558
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$37,973
Loan loss allowance $564
Trading account assets$0
Bank premises and fixed assets$1,020
Other real estate owned$661
Goodwill and other intangibles$0
All other assets$1,485
Life insurance assets$72,373
Total liabilities and capital$64,832
Total liabilities$64,260
Total deposits$51,933
Interest-bearing deposits$64,260
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $572
All other liabilities $7,541
Total equity capital$7,541
Total bank equity capital$7,541
Perpetual preferred stock$0
Common stock$200
Surplus$600
Undivided profits $6,741
Memoranda
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 $481
Earning assets $0
Long-term assets (5+ years) $621
Average Assets, year-to-date $68,565
Average Assets, quarterly $19,713
Volatile liabilities $68,423
Insider loans $70,305
FHLB advances $43,236
Loans and leases held for sale $69,985
Unused loan commitments $247
Tier 1 (core) risk-based capital $247
Tier 2 risk-based capital $7,292
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,782
Derivatives$54
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,359
Total interest expense $494
Net interest income $2,865
Provision for loan and lease losses $70
Total noninterest income $436
Fiduciary activities $0
Service charges on deposit accounts $247
Trading account gains & fees $0
Additional noninterest income $189
Total noninterest expense $2,190
Salaries and employee benefits $1,210
Premises and equipment expense $213
Additional noninterest expense $767
Pre-tax net operating income $1,041
Securities gains (losses) $3
Applicable income taxes $298
Income before extraordinary items $746
Extraordinary gains - net $0
Net income attributable to bank $746
Net charge-offs $0
Cash dividends $746
Sale, conversion, retirement of capital stock, net $3
Net operating income $200
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.22%
Cost of funding earning assets 0.77%
Net interest margin 4.45%
Noninterest income to earning assets 0.68%
Noninterest expense to earning assets 3.40%
Net operating income to assets 1.09%
Return on assets (ROA) 1.09%
Pretax return on assets 1.53%
Return on equity (ROE) 10.16%
Retained earnings to average equity (YTD only) 7.44%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 2333.33%
Efficiency ratio370.33%
Assets per employee$66,344
Cash dividends to net income (YTD only)3.29%
Condition Ratios (%)
Loss allowance to loans 26.81%
Loss allowance to noncurrent loans 1.46%
Noncurrent assets plus other real estate owned to assets 117.26%
Noncurrent loans to loans 1.58%
Net loans and leases to deposits1.25%
Net loans and leases to core deposits 59.09%
Equity capital to assets 64.73%
Core capital (leverage) ratio 10.42%
Tier 1 risk-based capital ratio 10.42%
Total risk-based capital ratio 16.87%
Memoranda
Average assets$18
Average earning assets$68,423
Average equity $7,343
Average loans $64,404
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3 Colorado Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05899Kit Carson State Bank113 Main Street, Kit Carson, CO 80825November 19, 1909Full Service Brick and Mortar
1219670Cheyenne Wells Branch140 S. 1st E, Cheyenne Wells, CO 80810August 13, 1996Full Service Brick and Mortar
2361109Burlington Branch2121 Rose Ave, Burlington, CO 80807September 05, 2000Full Service Brick and Mortar
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