MontroseBank in Montrose, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

MontroseBank - Overview

  • General
  • FDIC Certificate #: 90528
    Status: Active
    Federal Reserve ID: 522959
    Bank Holding Company (Regulatory Top Holder): First Mountain Company (RSSDID: 2269856, Location: Montrose, CO)
    Date Established: April 23, 1971
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 18029
    Numeric code: 13
    Regulator: FED
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: July 03, 1984
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 North Townsend Avenue, Montrose, CO 81401
    County: Montrose
    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
    Core Based Statistical Area (CBSA): Montrose, CO (#33940)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $221.4 mil
    Equity capital: $23.1 mil
    Deposits held in domestic offices: $198.1 mil
    Return on assets (ROA): 1.90% ($4.2 mil)
    Quarterly return on assets: 2.14% ($4.7 mil)
    Return on Equity (ROE): 18.72% ($4.3 mil)
    Quarterly return on equity: 20.66% ($4.8 mil)
    Net income: $4.1 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 1.90% ($4,206.5 mil)
    Quarterly Pretax return on assets: 2.14% ($4,737.8 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
  • 55Total employees (full-time equivalent)
  • $221,393Total assets
  • $15,622Cash and due from depository institutions
  • $12,663Interest-bearing balances
  • $81,142Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $115,178Net loans & leases
  • $2,147Loan loss allowance
  • $0Trading account assets
  • $4,680Bank premises and fixed assets
  • $1,993Other real estate owned
  • $988Goodwill and other intangibles
  • $221,393Life insurance assets
  • $1,790All other assets
  • $198,334Total liabilities and capital
  • $198,081Total liabilities
  • $140,173Total deposits
  • $198,081Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $253Subordinated debt
  • $23,059All other liabilities
  • $23,059Total equity capital
  • $23,059Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $3,910Surplus
  • $18,149Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $277Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,317Income earned, not collected on loans
  • $0Earning assets
  • $1,020Long-term assets (5+ years)
  • $208,983Average Assets, year-to-date
  • $47,814Average Assets, quarterly
  • $214,419Volatile liabilities
  • $220,450Insider loans
  • $121,254FHLB advances
  • $220,837Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,364Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,254Restructured Loans and leases
  • $267Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,574Total interest income
  • $758Total interest expense
  • $9,816Net interest income
  • $967Provision for loan and lease losses
  • $1,495Total noninterest income
  • $0Fiduciary activities
  • $1,077Service charges on deposit accounts
  • $0Trading account gains & fees
  • $418Additional noninterest income
  • $6,314Total noninterest expense
  • $3,307Salaries and employee benefits
  • $1,686Premises and equipment expense
  • $1,321Additional noninterest expense
  • $4,030Pre-tax net operating income
  • $52Securities gains (losses)
  • $0Applicable income taxes
  • $4,082Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,082Net income attributable to bank
  • $0Net charge-offs
  • $4,082Cash dividends
  • $743Sale, conversion, retirement of capital stock, net
  • $2,851Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.21%Yield on earning assets
  • 0.37%Cost of funding earning assets
  • 4.84%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • 1.88%Net operating income to assets
  • 1.90%Return on assets (ROA)
  • 1.90%Pretax return on assets
  • 18.72%Return on equity (ROE)
  • 5.65%Retained earnings to average equity (YTD only)
  • 0.59%Net charge-offs to loans
  • 130.15%Credit loss provision to net charge-offs
  • 6.73%Efficiency ratio
  • 55,822Assets per employee
  • 4.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 69.84%Loss allowance to loans
  • 1.83%Loss allowance to noncurrent loans
  • 92.66%Noncurrent assets plus other real estate owned to assets
  • 1.95%Noncurrent loans to loans
  • 1.97%Net loans and leases to deposits
  • 58.15%Net loans and leases to core deposits
  • 58.66%Equity capital to assets
  • 10.42%Core capital (leverage) ratio
  • 9.22%Tier 1 risk-based capital ratio
  • 16.79%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $214,419Average earning assets
  • $21,801Average equity
  • $202,876Average loans

List of branches

  • 6 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    018029Montrosebank200 North Townsend Avenue, Montrose, CO 81401April 23, 1971Full Service Brick and Mortar
    1365572N. Grand Avenue Branch1443 Mesa View Drive, Delta, CO 81416September 09, 2002Full Service Brick and Mortar
    2419662Montrosebank-South Branch16550 S. Townsend, Montrose, CO 81401September 01, 2001Full Service Brick and Mortar
    3419727Surfacecreekbank Branch945 S. Grand Mesa Drive, Cedaredge, CO 81413June 30, 2003Full Service Brick and Mortar
    4433266360 W. Bridge Street Branch394 East Bridge Street, Hotchkiss, CO 81419December 06, 2004Full Service Brick and Mortar
    5448923218 Grand Avenue Branch218 Grand Avenue, Paonia, CO 81428December 20, 2005Full Service Brick and Mortar

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