Southwest State Bank in Denver, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 19, 1996

  • Southwest State Bank in Denver, Colorado (CO)
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Southwest State Bank - Overview

  • General
  • FDIC Certificate #: 18348
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Vectra Bank (#22656)
    Federal Reserve ID: 36157
    Date Established: Febuary 06, 1961
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 12262
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 06, 1961
    Last Structure Change Effective Date: June 19, 1996
    Last Structure Change Process Date: July 24, 1996
    Last Data Update: July 24, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 1380 South Federal Boulevard, Denver, CO 80219
    County: Denver
    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 Summary
  • Total assets: $110.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $72Total assets
  • $113,545Cash and due from depository institutions
  • $8,444Interest-bearing balances
  • $1,667Securities
  • $18,594Federal funds sold & reverse repurchase agreements
  • $8,000Net loans & leases
  • $76,291Loan loss allowance
  • $933Trading account assets
  • $0Bank premises and fixed assets
  • $946Other real estate owned
  • $307Goodwill and other intangibles
  • $963Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $113,545Total liabilities
  • $99,927Total deposits
  • $99,643Interest-bearing deposits
  • $74,977Deposits held in domestic offices
  • 99643.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $284Total equity capital
  • $284Total bank equity capital
  • $13,618Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $2,500Undivided profits
  • Memoranda
  • $9,618Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $578Income earned, not collected on loans
  • $492Earning assets
  • $104,552Long-term assets (5+ years)
  • $6,190Average Assets, year-to-date
  • $112,125Average Assets, quarterly
  • $111,546Volatile liabilities
  • $11,923Insider loans
  • $69FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $13,212Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,615Total risk weighted assets
  • $82,419Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,469Total interest expense
  • $2,754Net interest income
  • $6,715Provision for loan and lease losses
  • $135Total noninterest income
  • $1,158Fiduciary activities
  • $0Service charges on deposit accounts
  • $700Trading account gains & fees
  • $0Additional noninterest income
  • $458Total noninterest expense
  • $4,700Salaries and employee benefits
  • $2,247Premises and equipment expense
  • $628Additional noninterest expense
  • $1,825Pre-tax net operating income
  • $3,038Securities gains (losses)
  • $0Applicable income taxes
  • $1,068Income before extraordinary items
  • $1,970Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,970Net charge-offs
  • $221Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.19%Cost of funding earning assets
  • 2.67%Net interest margin
  • 6.52%Noninterest income to earning assets
  • 1.12%Noninterest expense to earning assets
  • 4.56%Net operating income to assets
  • 1.76%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 2.71%Return on equity (ROE)
  • 15.60%Retained earnings to average equity (YTD only)
  • 15.60%Net charge-offs to loans
  • 0.29%Credit loss provision to net charge-offs
  • 61.09%Efficiency ratio
  • 59,698Assets per employee
  • 1.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 161.42%Noncurrent assets plus other real estate owned to assets
  • 0.78%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 76.56%Net loans and leases to core deposits
  • 86.97%Equity capital to assets
  • 11.99%Core capital (leverage) ratio
  • 12.12%Tier 1 risk-based capital ratio
  • 16.52%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $112,125Average earning assets
  • $12,625Average equity
  • $103,053Average loans

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