Mountain States Bank in Denver, Colorado (CO)



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Mountain States Bank
GeneralFDIC Certificate #: 16648
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: UMB Bank Colorado, National Association (#19298)
Federal Reserve ID: 230553
Date Established: January 20, 1943
WWW: http://www.mountainstatesbank.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
FDIC's unique #: 10783
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: November 24, 1947
Last Structure Change Effective Date: September 15, 2006
Last Structure Change Process Date: October 17, 2006
Last Data Update: October 17, 2006
Data Source Date: April 05, 2012
LocationAddress: 1635 East Colfax Avenue, Denver, CO 80218
County: Denver
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Kansas City
FDIC Field Office: Denver
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Denver, CO (#2080)
Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
Core Based Statistical Area (CBSA): Denver-Aurora-Broomfield, CO (#19740)
CBSA Metro Statistical Area: Denver-Aurora-Broomfield, CO (#19740)
Financial SummaryTotal assets: $283.2 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, 2005)
(Dollar figures in thousands)
Total employees (full-time equivalent)99
Total assets$281,901
Cash and due from depository institutions$11,836
Interest-bearing balances$0
Securities$101,841
Federal funds sold & reverse repurchase agreements$3,150
Net loans & leases$157,385
Loan loss allowance $2,938
Trading account assets$0
Bank premises and fixed assets$2,713
Other real estate owned$158
Goodwill and other intangibles$0
All other assets$4,818
Life insurance assets$0
Total liabilities and capital$281,901
Total liabilities$243,904
Total deposits$241,128
Interest-bearing deposits$161,896
Deposits held in domestic offices$241,128
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $983
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $1,793
Total equity capital$37,997
Total bank equity capital$37,997
Perpetual preferred stock$37,997
Common stock$0
Surplus$3,000
Undivided profits $4,000
Memoranda
Noncurrent loans and leases $30,997
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $37,298
Income earned, not collected on loans $0
Earning assets $1,537
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,567
Average Assets, quarterly $262,376
Volatile liabilities $29,933
Insider loans $280,915
FHLB advances $286,360
Loans and leases held for sale $11,910
Unused loan commitments $1,199
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $37,298
Restructured Loans and leases $0
Derivatives$2,262
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Income and Expense (December 31, 2005)
(Dollar figures in thousands)
Total interest income $13,758
Total interest expense $2,750
Net interest income $11,008
Provision for loan and lease losses $0
Total noninterest income $1,312
Fiduciary activities $310
Service charges on deposit accounts $526
Trading account gains & fees $0
Additional noninterest income $476
Total noninterest expense $7,302
Salaries and employee benefits $4,062
Premises and equipment expense $563
Additional noninterest expense $2,677
Pre-tax net operating income $5,018
Securities gains (losses) -$4
Applicable income taxes $1,703
Income before extraordinary items $3,311
Extraordinary gains - net $0
Net income attributable to bank $3,311
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $223
Net operating income $2,077
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Performance and Condition Ratios (December 31, 2005)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.27%
Cost of funding earning assets 1.05%
Net interest margin 4.21%
Noninterest income to earning assets 0.50%
Noninterest expense to earning assets 2.79%
Net operating income to assets 1.18%
Return on assets (ROA) 1.18%
Pretax return on assets 1.78%
Return on equity (ROE) 8.72%
Retained earnings to average equity (YTD only) 3.25%
Net charge-offs to loans 0.15%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio22.50%
Assets per employee$59,269
Cash dividends to net income (YTD only)2.85%
Condition Ratios (%)
Loss allowance to loans 62.73%
Loss allowance to noncurrent loans 1.83%
Noncurrent assets plus other real estate owned to assets 191.15%
Noncurrent loans to loans 0.60%
Net loans and leases to deposits0.96%
Net loans and leases to core deposits 65.27%
Equity capital to assets 68.37%
Core capital (leverage) ratio 13.48%
Tier 1 risk-based capital ratio 14.19%
Total risk-based capital ratio 22.51%
Memoranda
Average assets$24
Average earning assets$280,915
Average equity $37,983
Average loans $261,258
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Total Fiduciary and Related Assets (December 31, 2005)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$13,134
Number of Accounts1
Personal trust and agency accounts$9,501
Employee benefit-defined contribution accounts$9,501
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts74
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$3,633
Corporate trust and agency accounts$1,853
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$1,655
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