FDIC Certificate #: 22508 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First State Bank of Colorado (#12373) Federal Reserve ID: 464956 Date Established: August 15, 1977 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 13090 FDIC's unique #: 15696 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: August 15, 1977 Last Structure Change Effective Date: June 30, 2010 Last Structure Change Process Date: July 09, 2010 Last Data Update: July 09, 2010 Data Source Date: April 05, 2012
Location
Address: 128 Grand Avenue, Paonia, CO 81428 County: Delta 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
Financial Summary
Total assets: $49.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
21Total employees (full-time equivalent)
$51,766Total assets
$2,196Cash and due from depository institutions
$207Interest-bearing balances
$11,511Securities
$3,100Federal funds sold & reverse repurchase agreements
$30,145Net loans & leases
$358Loan loss allowance
$0Trading account assets
$1,266Bank premises and fixed assets
$314Other real estate owned
$2,556Goodwill and other intangibles
$0Life insurance assets
$678All other assets
$51,766Total liabilities and capital
$43,944Total liabilities
$41,148Total deposits
$32,247Interest-bearing deposits
$41,148Deposits held in domestic offices
97.77%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$796All other liabilities
$7,822Total equity capital
$7,822Total bank equity capital
$7,822Perpetual preferred stock
$0Common stock
$200Surplus
$6,905Undivided profits
Memoranda
$717Noncurrent loans and leases
$3,154Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$525Earning assets
$0Long-term assets (5+ years)
$270Average Assets, year-to-date
$44,963Average Assets, quarterly
$14,282Volatile liabilities
$50,299Insider loans
$51,122FHLB advances
$6,439Loans and leases held for sale
$157Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,154Total unused commitments
$0Restructured Loans and leases
$358Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$2,622Total interest income
$634Total interest expense
$1,988Net interest income
$150Provision for loan and lease losses
$357Total noninterest income
$0Fiduciary activities
$215Service charges on deposit accounts
$0Trading account gains & fees
$142Additional noninterest income
$1,941Total noninterest expense
$782Salaries and employee benefits
$192Premises and equipment expense
$967Additional noninterest expense
$254Pre-tax net operating income
$63Securities gains (losses)
$85Applicable income taxes
$232Income before extraordinary items
$0Extraordinary gains - net
$232Net income attributable to bank
$0Net charge-offs
$232Cash dividends
$130Sale, conversion, retirement of capital stock, net
$290Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.00%Yield on earning assets
1.45%Cost of funding earning assets
4.55%Net interest margin
0.82%Noninterest income to earning assets
4.44%Noninterest expense to earning assets
0.37%Net operating income to assets
0.46%Return on assets (ROA)
0.63%Pretax return on assets
2.94%Return on equity (ROE)
-0.73%Retained earnings to average equity (YTD only)
0.41%Net charge-offs to loans
115.38%Credit loss provision to net charge-offs
3.11%Efficiency ratio
73,817Assets per employee
2.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
125.00%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
68.19%Noncurrent assets plus other real estate owned to assets
1.62%Noncurrent loans to loans
1.72%Net loans and leases to deposits
73.26%Net loans and leases to core deposits
82.12%Equity capital to assets
15.11%Core capital (leverage) ratio
10.84%Tier 1 risk-based capital ratio
15.99%Total risk-based capital ratio
Memoranda
$17Average assets
$50,299Average earning assets
$7,896Average equity
$43,732Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Paonia State Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: