State Bank and Trust of Colorado Springs in Colorado Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 29, 1998

  • State Bank and Trust of Colorado Springs in Colorado Springs, Colorado (CO)
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State Bank and Trust of Colorado Springs - Overview

  • General
  • FDIC Certificate #: 25781
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Vectra Bank Colorado, National Association (#2993)
    Federal Reserve ID: 824457
    Date Established: November 15, 1984
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    OTS Docket #: 11590
    FDIC's unique #: 17644
    Numeric code: 13
    Regulator: FED
    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: November 15, 1984
    Last Structure Change Effective Date: May 29, 1998
    Last Structure Change Process Date: June 16, 1998
    Last Data Update: June 16, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 South Tejon Street, Colorado Springs, CO 80903
    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)
  • Financial Summary
  • Total assets: $97.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 43Total employees (full-time equivalent)
  • $86,105Total assets
  • $9,000Cash and due from depository institutions
  • $8Interest-bearing balances
  • $16,836Securities
  • $4,600Federal funds sold & reverse repurchase agreements
  • $52,973Net loans & leases
  • $615Loan loss allowance
  • $0Trading account assets
  • $1,720Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $976All other assets
  • $86,105Total liabilities and capital
  • $80,638Total liabilities
  • $77,974Total deposits
  • $43,618Interest-bearing deposits
  • $77,974Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,474Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $190All other liabilities
  • $5,467Total equity capital
  • $5,467Total bank equity capital
  • $5,467Perpetual preferred stock
  • $0Common stock
  • $1,200Surplus
  • $1,200Undivided profits
  • Memoranda
  • $3,067Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $311Earning assets
  • $0Long-term assets (5+ years)
  • $367Average Assets, year-to-date
  • $74,417Average Assets, quarterly
  • $10,798Volatile liabilities
  • $79,535Insider loans
  • $87,026FHLB advances
  • $6,024Loans and leases held for sale
  • $266Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,100Total unused commitments
  • $0Restructured Loans and leases
  • $59,986Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $6,143Total interest income
  • $1,582Total interest expense
  • $4,561Net interest income
  • $120Provision for loan and lease losses
  • $606Total noninterest income
  • $0Fiduciary activities
  • $226Service charges on deposit accounts
  • $0Trading account gains & fees
  • $380Additional noninterest income
  • $2,831Total noninterest expense
  • $1,372Salaries and employee benefits
  • $589Premises and equipment expense
  • $870Additional noninterest expense
  • $2,216Pre-tax net operating income
  • $60Securities gains (losses)
  • $663Applicable income taxes
  • $1,613Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,613Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2Sale, conversion, retirement of capital stock, net
  • $1,205Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.84%Yield on earning assets
  • 2.28%Cost of funding earning assets
  • 6.56%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 4.07%Noninterest expense to earning assets
  • 1.97%Net operating income to assets
  • 2.03%Return on assets (ROA)
  • 2.86%Pretax return on assets
  • 31.84%Return on equity (ROE)
  • 8.05%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 6000.00%Credit loss provision to net charge-offs
  • 1168.00%Efficiency ratio
  • 54,790Assets per employee
  • 2.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.71%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 197.75%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 67.94%Net loans and leases to core deposits
  • 71.18%Equity capital to assets
  • 6.35%Core capital (leverage) ratio
  • 6.71%Tier 1 risk-based capital ratio
  • 9.09%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $79,535Average earning assets
  • $5,065Average equity
  • $69,482Average loans

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