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

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

  • General
  • FDIC Certificate #: 57508
    Status: Active
    Federal Reserve ID: 3138182
    Bank Holding Company (Regulatory Top Holder): New West Banks Of Colorado, Inc. (RSSDID: 3152375, Location: Greeley, CO)
    Date Established: Febuary 03, 2003
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 364540
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 03, 2003
    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: 3459 West 20th Street, Suite 114, 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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $164.2 mil
    Equity capital: $14.8 mil
    Deposits held in domestic offices: $146.7 mil
    Return on assets (ROA): 0.89% ($1.5 mil)
    Quarterly return on assets: 0.70% ($1.1 mil)
    Return on Equity (ROE): 10.19% ($1.5 mil)
    Quarterly return on equity: 7.57% ($1.1 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.89% ($1,461.0 mil)
    Quarterly Pretax return on assets: 0.70% ($1,149.1 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
  • 27Total employees (full-time equivalent)
  • $164,161Total assets
  • $3,552Cash and due from depository institutions
  • $586Interest-bearing balances
  • $70,641Securities
  • $1,500Federal funds sold & reverse repurchase agreements
  • $82,147Net loans & leases
  • $1,169Loan loss allowance
  • $0Trading account assets
  • $2,295Bank premises and fixed assets
  • $2,595Other real estate owned
  • $0Goodwill and other intangibles
  • $164,161Life insurance assets
  • $1,431All other assets
  • $149,330Total liabilities and capital
  • $146,699Total liabilities
  • $121,874Total deposits
  • $146,699Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,500Trading liabilities
  • $0Other borrowed funds
  • $1,131Subordinated debt
  • $14,831All other liabilities
  • $14,831Total equity capital
  • $14,831Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $10,750Surplus
  • $4,081Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $71Income earned, not collected on loans
  • $0Earning assets
  • $732Long-term assets (5+ years)
  • $154,874Average Assets, year-to-date
  • $60,565Average Assets, quarterly
  • $156,688Volatile liabilities
  • $160,541Insider loans
  • $98,999FHLB advances
  • $164,416Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,373Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,484Restructured Loans and leases
  • $423Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,397Total interest income
  • $1,362Total interest expense
  • $6,035Net interest income
  • $330Provision for loan and lease losses
  • -$7Total noninterest income
  • $0Fiduciary activities
  • $209Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$216Additional noninterest income
  • $4,456Total noninterest expense
  • $2,909Salaries and employee benefits
  • $286Premises and equipment expense
  • $1,261Additional noninterest expense
  • $1,242Pre-tax net operating income
  • $158Securities gains (losses)
  • $0Applicable income taxes
  • $1,400Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,400Net income attributable to bank
  • $0Net charge-offs
  • $1,400Cash dividends
  • $388Sale, conversion, retirement of capital stock, net
  • $410Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.01%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 4.08%Net interest margin
  • -0.00%Noninterest income to earning assets
  • 3.02%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 10.19%Return on equity (ROE)
  • 7.20%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 85.05%Credit loss provision to net charge-offs
  • 4.05%Efficiency ratio
  • 73,922Assets per employee
  • 6.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.29%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 1646.48%Noncurrent assets plus other real estate owned to assets
  • 1.62%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 56.00%Net loans and leases to core deposits
  • 64.66%Equity capital to assets
  • 9.03%Core capital (leverage) ratio
  • 8.13%Tier 1 risk-based capital ratio
  • 13.51%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $156,688Average earning assets
  • $13,741Average equity
  • $147,773Average loans

List of branches

  • 2 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0364540New West Bank3459 West 20th Street, Suite 114, Greeley, CO 80634Febuary 03, 2003Full Service Brick and Mortar
    1441152Eaton Branch59 South Elm Avenue, Eaton, CO 80615June 13, 2005Full Service Brick and Mortar

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