Kit Carson State Bank in Kit Carson, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Kit Carson State Bank in Kit Carson, Colorado (CO)
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Kit Carson State Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 22Total employees (full-time equivalent)
  • $72,373Total assets
  • $6,676Cash and due from depository institutions
  • $6,034Interest-bearing balances
  • $24,558Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $37,973Net loans & leases
  • $564Loan loss allowance
  • $0Trading account assets
  • $1,020Bank premises and fixed assets
  • $661Other real estate owned
  • $0Goodwill and other intangibles
  • $72,373Life insurance assets
  • $1,485All other assets
  • $64,832Total liabilities and capital
  • $64,260Total liabilities
  • $51,933Total deposits
  • $64,260Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $572Subordinated debt
  • $7,541All other liabilities
  • $7,541Total equity capital
  • $7,541Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $600Surplus
  • $6,741Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $481Income earned, not collected on loans
  • $0Earning assets
  • $621Long-term assets (5+ years)
  • $68,565Average Assets, year-to-date
  • $19,713Average Assets, quarterly
  • $68,423Volatile liabilities
  • $70,305Insider loans
  • $43,236FHLB advances
  • $69,985Loans and leases held for sale
  • $247Unused loan commitments
  • $247Tier 1 (core) risk-based capital
  • $7,292Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,782Restructured Loans and leases
  • $54Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,359Total interest income
  • $494Total interest expense
  • $2,865Net interest income
  • $70Provision for loan and lease losses
  • $436Total noninterest income
  • $0Fiduciary activities
  • $247Service charges on deposit accounts
  • $0Trading account gains & fees
  • $189Additional noninterest income
  • $2,190Total noninterest expense
  • $1,210Salaries and employee benefits
  • $213Premises and equipment expense
  • $767Additional noninterest expense
  • $1,041Pre-tax net operating income
  • $3Securities gains (losses)
  • $298Applicable income taxes
  • $746Income before extraordinary items
  • $0Extraordinary gains - net
  • $746Net income attributable to bank
  • $0Net charge-offs
  • $746Cash dividends
  • $3Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 4.45%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 1.09%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.53%Pretax return on assets
  • 10.16%Return on equity (ROE)
  • 7.44%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 2333.33%Credit loss provision to net charge-offs
  • 370.33%Efficiency ratio
  • 66,344Assets per employee
  • 3.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.81%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 117.26%Noncurrent assets plus other real estate owned to assets
  • 1.58%Noncurrent loans to loans
  • 1.25%Net loans and leases to deposits
  • 59.09%Net loans and leases to core deposits
  • 64.73%Equity capital to assets
  • 10.42%Core capital (leverage) ratio
  • 10.42%Tier 1 risk-based capital ratio
  • 16.87%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $68,423Average earning assets
  • $7,343Average equity
  • $64,404Average loans

List of branches

  • 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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