Pikes Peak National Bank in Colorado Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches


Pikes Peak National Bank - Overview

  • General
  • FDIC Certificate #: 17782
    Status: Active
    Federal Reserve ID: 643658
    Bank Holding Company (Regulatory Top Holder): Pikes Peak National Company (RSSDID: 1061802, Location: Colorado Springs, CO)
    Date Established: July 01, 1957
    WWW: http://www.ppnb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 10282
    FDIC's unique #: 11734
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1957
    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: 2401 West Colorado Avenue, Colorado Springs, CO 80904
    County: El Paso
    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): Colorado Springs, CO (#1720)
    Core Based Statistical Area (CBSA): Colorado Springs, CO (#17820)
    CBSA Metro Statistical Area: Colorado Springs, CO (#17820)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $74.4 mil
    Equity capital: $7.7 mil
    Deposits held in domestic offices: $66.6 mil
    Return on assets (ROA): -0.45% (-$0.3 mil)
    Quarterly return on assets: -0.84% (-$0.6 mil)
    Return on Equity (ROE): -4.40% (-$0.4 mil)
    Quarterly return on equity: -8.26% (-$0.7 mil)
    Net income: -$0.3 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.45% (-$334.9 mil)
    Quarterly Pretax return on assets: -0.84% (-$625.2 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, 2011)

  • Dollar figures in thousands
  • 33Total employees (full-time equivalent)
  • $74,433Total assets
  • $30,573Cash and due from depository institutions
  • $26,886Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $40,681Net loans & leases
  • $1,467Loan loss allowance
  • $0Trading account assets
  • $1,632Bank premises and fixed assets
  • $706Other real estate owned
  • $0Goodwill and other intangibles
  • $74,433Life insurance assets
  • $841All other assets
  • $66,760Total liabilities and capital
  • $66,625Total liabilities
  • $47,044Total deposits
  • $66,625Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $135Subordinated debt
  • $7,673All other liabilities
  • $7,673Total equity capital
  • $7,673Total bank equity capital
  • $0Perpetual preferred stock
  • $212Common stock
  • $1,545Surplus
  • $5,916Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,183Income earned, not collected on loans
  • $0Earning assets
  • $152Long-term assets (5+ years)
  • $67,567Average Assets, year-to-date
  • $2,490Average Assets, quarterly
  • $76,798Volatile liabilities
  • $76,246Insider loans
  • $40,533FHLB advances
  • $75,759Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,673Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,196Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,078Total interest income
  • $374Total interest expense
  • $2,704Net interest income
  • $275Provision for loan and lease losses
  • $162Total noninterest income
  • $0Fiduciary activities
  • $260Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$98Additional noninterest income
  • $2,936Total noninterest expense
  • $1,665Salaries and employee benefits
  • $318Premises and equipment expense
  • $953Additional noninterest expense
  • -$345Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$345Income before extraordinary items
  • $0Extraordinary gains - net
  • -$345Net income attributable to bank
  • $0Net charge-offs
  • -$345Cash dividends
  • $1,030Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 0.55%Cost of funding earning assets
  • 3.97%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 4.31%Noninterest expense to earning assets
  • -0.45%Net operating income to assets
  • -0.45%Return on assets (ROA)
  • -0.45%Pretax return on assets
  • -4.40%Return on equity (ROE)
  • -4.40%Retained earnings to average equity (YTD only)
  • 2.33%Net charge-offs to loans
  • 26.70%Credit loss provision to net charge-offs
  • -0.07%Efficiency ratio
  • 102,442Assets per employee
  • 2.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.48%Loss allowance to noncurrent loans
  • 20.42%Noncurrent assets plus other real estate owned to assets
  • 10.60%Noncurrent loans to loans
  • 17.04%Net loans and leases to deposits
  • 61.06%Net loans and leases to core deposits
  • 63.62%Equity capital to assets
  • 10.31%Core capital (leverage) ratio
  • 10.13%Tier 1 risk-based capital ratio
  • 18.93%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $76,798Average earning assets
  • $7,841Average equity
  • $68,164Average loans

List of branches

  • 3 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011734Pikes Peak National Bank2401 West Colorado Avenue, Colorado Springs, CO 80904July 01, 1957Full Service Brick and Mortar
    2242759Academy Boulevard Branch4790 North Academy Boulevard, Colorado Springs, CO 80918December 01, 1992Full Service Brick and Mortar
    3242760Valley Branch6615 Camden Boulevard, Fountain, CO 80817November 20, 1995Full Service Brick and Mortar

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