Redstone Bank in Centennial, Colorado (CO)



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Redstone Bank
GeneralFDIC Certificate #: 58826
Status: Active
Federal Reserve ID: 3591004
Date Established: July 02, 2008
WWW: http://www.redstonebankco.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 469584
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: July 02, 2008
Last Structure Change Effective Date: October 25, 2011
Last Structure Change Process Date: October 25, 2011
Last Data Update: October 25, 2011
Data Source Date: April 05, 2012
LocationAddress: 15765 East Arapahoe Road, Centennial, CO 80016
County: Arapahoe
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): 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: $53.7 mil
Equity capital: $7.8 mil
Deposits held in domestic offices: $45.7 mil
Return on assets (ROA): -1.18% (-$0.6 mil)
Quarterly return on assets: -0.78% (-$0.4 mil)
Return on Equity (ROE): -6.86% (-$0.5 mil)
Quarterly return on equity: -5.21% (-$0.4 mil)
Net income: -$0.6 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: -1.18% (-$633.7 mil)
Quarterly Pretax return on assets: -0.78% (-$418.9 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)
Total employees (full-time equivalent)11
Total assets$53,702
Cash and due from depository institutions$3,193
Interest-bearing balances$746
Securities$2,271
Federal funds sold & reverse repurchase agreements$12,000
Net loans & leases$31,777
Loan loss allowance $524
Trading account assets$0
Bank premises and fixed assets$4,184
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$277
Life insurance assets$53,702
Total liabilities and capital$45,921
Total liabilities$45,696
Total deposits$34,682
Interest-bearing deposits$45,696
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $225
All other liabilities $7,781
Total equity capital$7,781
Total bank equity capital$7,781
Perpetual preferred stock$0
Common stock$5,623
Surplus$5,909
Undivided profits $-3,751
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $101
Average Assets, year-to-date $46,794
Average Assets, quarterly $4,758
Volatile liabilities $46,431
Insider loans $51,995
FHLB advances $41,114
Loans and leases held for sale $52,328
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,779
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $14,888
Derivatives$877
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,035
Total interest expense $355
Net interest income $1,680
Provision for loan and lease losses $169
Total noninterest income $56
Fiduciary activities $0
Service charges on deposit accounts $28
Trading account gains & fees $0
Additional noninterest income $28
Total noninterest expense $2,117
Salaries and employee benefits $1,145
Premises and equipment expense $368
Additional noninterest expense $604
Pre-tax net operating income -$550
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$550
Extraordinary gains - net $0
Net income attributable to bank -$550
Net charge-offs $0
Cash dividends -$550
Sale, conversion, retirement of capital stock, net $2
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.17%
Cost of funding earning assets 0.90%
Net interest margin 4.27%
Noninterest income to earning assets 0.14%
Noninterest expense to earning assets 5.38%
Net operating income to assets -1.18%
Return on assets (ROA) -1.18%
Pretax return on assets -1.18%
Return on equity (ROE) -6.86%
Retained earnings to average equity (YTD only) -6.86%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 8450.00%
Efficiency ratio-190.50%
Assets per employee$121,947
Cash dividends to net income (YTD only)4.88%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.62%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 69.54%
Equity capital to assets 74.11%
Core capital (leverage) ratio 14.49%
Tier 1 risk-based capital ratio 14.87%
Total risk-based capital ratio 18.92%
Memoranda
Average assets$20
Average earning assets$46,431
Average equity $8,012
Average loans $39,366
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1 Colorado Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0469584Redstone Bank15765 East Arapahoe Road, Centennial, CO 80016July 02, 2008Full Service Brick and Mortar
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