New Frontier Bank in Greeley, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 10, 2009

  • New Frontier Bank in Greeley, Colorado (CO)
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New Frontier Bank - Overview

  • General
  • FDIC Certificate #: 34881
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: DEPOSIT INSURANCE NATIONAL BANK OF GREELEY (#58981)
    Federal Reserve ID: 2694935
    Date Established: December 01, 1998
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 61944
    Numeric code: 21
    Regulator: FDIC
    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: December 01, 1998
    Last Structure Change Effective Date: April 10, 2009
    Last Structure Change Process Date: April 13, 2009
    Last Data Update: August 04, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2425 35th Avenue, Greeley, CO 80634
    County: Weld
    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): Greeley, CO (#3060)
    Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
    Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
    Core Based Statistical Area (CBSA): Greeley, CO (#24540)
    CBSA Metro Statistical Area: Greeley, CO (#24540)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $1,774.6 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, 2008)

  • Dollar figures in thousands
  • 237Total employees (full-time equivalent)
  • $2,009,347Total assets
  • $70,553Cash and due from depository institutions
  • $50Interest-bearing balances
  • $258,317Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,546,676Net loans & leases
  • $42,502Loan loss allowance
  • $0Trading account assets
  • $9,930Bank premises and fixed assets
  • $43,304Other real estate owned
  • $0Goodwill and other intangibles
  • $15,998Life insurance assets
  • $80,567All other assets
  • $2,009,347Total liabilities and capital
  • $1,851,967Total liabilities
  • $1,676,003Total deposits
  • $1,630,429Interest-bearing deposits
  • $1,676,003Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,541Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $156,538Other borrowed funds
  • $0Subordinated debt
  • $14,885All other liabilities
  • $157,380Total equity capital
  • $157,380Total bank equity capital
  • $157,380Perpetual preferred stock
  • $0Common stock
  • $6,015Surplus
  • $118,393Undivided profits
  • Memoranda
  • $32,972Noncurrent loans and leases
  • $113,889Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $119,094Earning assets
  • $131Long-term assets (5+ years)
  • $25,067Average Assets, year-to-date
  • $1,805,043Average Assets, quarterly
  • $228,413Volatile liabilities
  • $2,012,658Insider loans
  • $2,016,861FHLB advances
  • $337,433Loans and leases held for sale
  • $13,937Unused loan commitments
  • $156,538Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $113,889Total unused commitments
  • $3,201Restructured Loans and leases
  • $22,144Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $133,776Total interest income
  • $83,731Total interest expense
  • $50,045Net interest income
  • $37,595Provision for loan and lease losses
  • -$175Total noninterest income
  • $0Fiduciary activities
  • $2,882Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$3,057Additional noninterest income
  • $33,214Total noninterest expense
  • $12,209Salaries and employee benefits
  • $3,435Premises and equipment expense
  • $17,570Additional noninterest expense
  • -$20,939Pre-tax net operating income
  • $431Securities gains (losses)
  • -$9,168Applicable income taxes
  • -$11,340Income before extraordinary items
  • $0Extraordinary gains - net
  • -$11,340Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $24,440Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.14%Yield on earning assets
  • 4.47%Cost of funding earning assets
  • 2.67%Net interest margin
  • -0.01%Noninterest income to earning assets
  • 1.77%Noninterest expense to earning assets
  • -0.58%Net operating income to assets
  • -0.56%Return on assets (ROA)
  • -1.02%Pretax return on assets
  • -6.95%Return on equity (ROE)
  • -6.95%Retained earnings to average equity (YTD only)
  • 1.52%Net charge-offs to loans
  • 153.83%Credit loss provision to net charge-offs
  • 0.68%Efficiency ratio
  • 66,601Assets per employee
  • 8.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.67%Loss allowance to noncurrent loans
  • 35.69%Noncurrent assets plus other real estate owned to assets
  • 8.08%Noncurrent loans to loans
  • 7.49%Net loans and leases to deposits
  • 92.28%Net loans and leases to core deposits
  • 111.65%Equity capital to assets
  • 7.83%Core capital (leverage) ratio
  • 7.70%Tier 1 risk-based capital ratio
  • 9.12%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $2,012,658Average earning assets
  • $163,129Average equity
  • $1,874,343Average loans

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