Mile High Banks in Longmont, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Mile High Banks in Longmont, Colorado (CO)
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Mile High Banks - Overview

  • General
  • FDIC Certificate #: 3036
    Status: Active
    Federal Reserve ID: 515353
    Bank Holding Company (Regulatory Top Holder): Big Sandy Holding Company (RSSDID: 1919770, Location: Limon, CO)
    Date Established: January 01, 1919
    WWW: http://www.milehighbanks.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 16 (Domestic: 16, Interstate: No)
    OTS Docket #: 52234
    FDIC's unique #: 1931
    Numeric code: 21
    Regulator: FDIC
    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: January 01, 1934
    Last Structure Change Effective Date: July 18, 2008
    Last Structure Change Process Date: September 11, 2008
    Last Data Update: September 11, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1726 Hover Street, Longmont, CO 80501
    County: Boulder
    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): Boulder-Longmont, CO (#1125)
    Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
    Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
    Core Based Statistical Area (CBSA): Boulder, CO (#14500)
    CBSA Metro Statistical Area: Boulder, CO (#14500)
  • History of Changes
  • Change in Location
    Corrections
  • Financial Summary
  • Total assets: $957.1 mil
    Equity capital: $22.5 mil
    Deposits held in domestic offices: $929.1 mil
    Return on assets (ROA): -3.04% (-$29.1 mil)
    Quarterly return on assets: -2.74% (-$26.2 mil)
    Return on Equity (ROE): -77.20% (-$17.8 mil)
    Quarterly return on equity: -105.18% (-$24.2 mil)
    Net income: -$32.7 mil
    Quarterly Net income: -$6.8 mil
    Pretax return on assets: -3.04% (-$29,095.6 mil)
    Quarterly Pretax return on assets: -2.74% (-$26,224.3 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
  • 93Total employees (full-time equivalent)
  • $957,092Total assets
  • $108,902Cash and due from depository institutions
  • $105,726Interest-bearing balances
  • $7,055Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $758,654Net loans & leases
  • $36,852Loan loss allowance
  • $0Trading account assets
  • $12,585Bank premises and fixed assets
  • $47,866Other real estate owned
  • $0Goodwill and other intangibles
  • $957,092Life insurance assets
  • $22,030All other assets
  • $934,576Total liabilities and capital
  • $929,085Total liabilities
  • $897,509Total deposits
  • $929,085Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $5,491Subordinated debt
  • $22,516All other liabilities
  • $22,516Total equity capital
  • $22,516Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $58,175Surplus
  • $-35,959Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $54,302Income earned, not collected on loans
  • $0Earning assets
  • $2,546Long-term assets (5+ years)
  • $871,435Average Assets, year-to-date
  • $2,539Average Assets, quarterly
  • $1,074,566Volatile liabilities
  • $996,298Insider loans
  • $770,340FHLB advances
  • $990,444Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,516Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,809Restructured Loans and leases
  • $979Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $45,254Total interest income
  • $13,133Total interest expense
  • $32,121Net interest income
  • $37,274Provision for loan and lease losses
  • -$3,920Total noninterest income
  • $0Fiduciary activities
  • $205Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$4,125Additional noninterest income
  • $23,620Total noninterest expense
  • $7,977Salaries and employee benefits
  • $3,554Premises and equipment expense
  • $12,089Additional noninterest expense
  • -$32,693Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$32,693Income before extraordinary items
  • $0Extraordinary gains - net
  • -$32,693Net income attributable to bank
  • $0Net charge-offs
  • -$32,693Cash dividends
  • $37,440Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.54%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 3.22%Net interest margin
  • -0.39%Noninterest income to earning assets
  • 2.37%Noninterest expense to earning assets
  • -3.04%Net operating income to assets
  • -3.04%Return on assets (ROA)
  • -3.04%Pretax return on assets
  • -77.20%Return on equity (ROE)
  • -77.20%Retained earnings to average equity (YTD only)
  • 4.17%Net charge-offs to loans
  • 99.56%Credit loss provision to net charge-offs
  • 0.12%Efficiency ratio
  • 83,756Assets per employee
  • 10.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.63%Loss allowance to noncurrent loans
  • 67.86%Noncurrent assets plus other real estate owned to assets
  • 10.67%Noncurrent loans to loans
  • 6.83%Net loans and leases to deposits
  • 81.66%Net loans and leases to core deposits
  • 84.68%Equity capital to assets
  • 2.35%Core capital (leverage) ratio
  • 2.27%Tier 1 risk-based capital ratio
  • 2.92%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $1,074,566Average earning assets
  • $42,348Average equity
  • $996,875Average loans

List of branches

  • 16 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01931Mile High Banks1726 Hover Street, Longmont, CO 80501January 01, 1919Full Service Brick and Mortar
    3360622South Longmont Branch601 South Main Street, Longmont, CO 80501June 18, 2001Full Service Brick and Mortar
    4364432Lodo Branch1899 Wynkoop, Suite 100, Denver, CO 80202August 01, 2002Full Service Brick and Mortar
    5364434Messenger 1Denver City & County, Denver, CO 80202August 01, 2002Limited Service Messenger
    6365026Boulder Branch3002 Bluff Street, Boulder, CO 80301December 24, 2001Full Service Brick and Mortar
    7419411Tech Center Branch8400 E. Crescent Parkway Suite 100, Englewood, CO 80111Febuary 01, 2003Full Service Brick and Mortar
    9429276Loveland Branch2950 North Garfield Avenue, Loveland, CO 80538June 10, 2004Full Service Brick and Mortar
    10429364North Metro Branch1499 W 120th Ave Suite 110, Westminster, CO 80234July 21, 2003Full Service Brick and Mortar
    11441122West Metro Messenger Service430 Indianna Street, Golden, CO 80401May 23, 2005Limited Service Messenger
    12441695W Metro Branch430 Indiana St, Golden, CO 80401May 20, 2005Full Service Brick and Mortar
    13452221Limon Branch790 Main St., Limon, CO 80828April 15, 2006Full Service Brick and Mortar
    14458759Uptown Branch450 17th Avenue, Denver, CO 80202December 14, 2006Full Service Brick and Mortar
    15458761Uptown Messenger Service450 17th Avenue, Denver, CO 80202December 14, 2006Limited Service Messenger
    16465473Cherry Creek Branch3650 E. 1st Ave., Suite 100, Denver, CO 80206October 01, 2006Full Service Brick and Mortar
    17477914S Metro Branch8906 W. Bowles Ave, Littleton, CO 80123November 06, 2007Full Service Brick and Mortar
    18481494Parker Branch9361 S. Parker Rd., Parker, CO 80138October 06, 2008Full Service Brick and Mortar

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