Southern Colorado National Bank in Pueblo, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 02, 2009

  • Southern Colorado National Bank in Pueblo, Colorado (CO)
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Southern Colorado National Bank - Overview

  • General
  • FDIC Certificate #: 57263
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Legacy Bank (#12699)
    Federal Reserve ID: 3041349
    Date Established: March 01, 2002
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 52285
    FDIC's unique #: 360322
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: March 01, 2002
    Last Structure Change Effective Date: October 02, 2009
    Last Structure Change Process Date: October 05, 2009
    Last Data Update: October 05, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 3595 Spaulding Avenue, Pueblo, CO 81008
    County: Pueblo
    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): Pueblo, CO (#6560)
    Core Based Statistical Area (CBSA): Pueblo, CO (#39380)
    CBSA Metro Statistical Area: Pueblo, CO (#39380)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $37.1 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, 2008)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $58,631Total assets
  • $13,621Cash and due from depository institutions
  • $65Interest-bearing balances
  • $9,496Securities
  • $320Federal funds sold & reverse repurchase agreements
  • $31,326Net loans & leases
  • $1,100Loan loss allowance
  • $0Trading account assets
  • $2,326Bank premises and fixed assets
  • $438Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,104All other assets
  • $58,632Total liabilities and capital
  • $55,405Total liabilities
  • $43,319Total deposits
  • $39,351Interest-bearing deposits
  • $43,319Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,590Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,283Other borrowed funds
  • $0Subordinated debt
  • $213All other liabilities
  • $3,227Total equity capital
  • $3,227Total bank equity capital
  • $3,227Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $3,950Undivided profits
  • Memoranda
  • $-1,023Noncurrent loans and leases
  • $6,129Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,442Earning assets
  • $0Long-term assets (5+ years)
  • $265Average Assets, year-to-date
  • $41,207Average Assets, quarterly
  • $8,716Volatile liabilities
  • $49,215Insider loans
  • $54,354FHLB advances
  • $9,179Loans and leases held for sale
  • $1,834Unused loan commitments
  • $8,283Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,129Total unused commitments
  • $0Restructured Loans and leases
  • $444Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $3,146Total interest income
  • $1,404Total interest expense
  • $1,742Net interest income
  • $1,505Provision for loan and lease losses
  • $110Total noninterest income
  • $0Fiduciary activities
  • $92Service charges on deposit accounts
  • $0Trading account gains & fees
  • $18Additional noninterest income
  • $1,669Total noninterest expense
  • $960Salaries and employee benefits
  • $256Premises and equipment expense
  • $453Additional noninterest expense
  • -$1,322Pre-tax net operating income
  • $148Securities gains (losses)
  • $0Applicable income taxes
  • -$1,174Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,174Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $732Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.54%Yield on earning assets
  • 3.37%Cost of funding earning assets
  • 4.18%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • -2.69%Net operating income to assets
  • -2.39%Return on assets (ROA)
  • -2.39%Pretax return on assets
  • -30.55%Return on equity (ROE)
  • -30.55%Retained earnings to average equity (YTD only)
  • 2.21%Net charge-offs to loans
  • 205.60%Credit loss provision to net charge-offs
  • 0.25%Efficiency ratio
  • 90,119Assets per employee
  • 3.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.39%Loss allowance to noncurrent loans
  • 45.05%Noncurrent assets plus other real estate owned to assets
  • 4.91%Noncurrent loans to loans
  • 7.53%Net loans and leases to deposits
  • 72.31%Net loans and leases to core deposits
  • 83.03%Equity capital to assets
  • 5.50%Core capital (leverage) ratio
  • 5.31%Tier 1 risk-based capital ratio
  • 8.77%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $49,215Average earning assets
  • $3,843Average equity
  • $41,716Average loans

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