The Bank of Cherry Creek, National Association in Denver, Colorado (CO)

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The Bank of Cherry Creek, National Association
GeneralFDIC Certificate #: 33075
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: ANB Bank (#19220)
Federal Reserve ID: 1466078
Date Established: August 16, 1990
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 8 (Interstate: No)
OTS Docket #: 11502
FDIC's unique #: 46307
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: August 16, 1990
Last Structure Change Effective Date: March 23, 2002
Last Structure Change Process Date: April 04, 2002
Last Data Update: April 04, 2002
Data Source Date: April 05, 2012
LocationAddress: 3033 East First Avenue, Denver, CO 80206
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 SummaryTotal assets: $346.3 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, 2001)
(Dollar figures in thousands)
Total employees (full-time equivalent)138
Total assets$346,251
Cash and due from depository institutions$19,431
Interest-bearing balances$239
Federal funds sold & reverse repurchase agreements$38,420
Net loans & leases$243,818
Loan loss allowance $4,091
Trading account assets$0
Bank premises and fixed assets$3,053
Other real estate owned$180
Goodwill and other intangibles$0
All other assets$5,879
Life insurance assets$0
Total liabilities and capital$346,251
Total liabilities$320,892
Total deposits$297,962
Interest-bearing deposits$221,959
Deposits held in domestic offices$297,962
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $11,826
Trading liabilities$0
Other borrowed funds $8,383
Subordinated debt $0
All other liabilities $2,721
Total equity capital$25,359
Total bank equity capital$25,359
Perpetual preferred stock$25,359
Common stock$0
Undivided profits $10,750
Noncurrent loans and leases $9,209
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $100,408
Income earned, not collected on loans $0
Earning assets $603
Long-term assets (5+ years) $114
Average Assets, year-to-date $1,603
Average Assets, quarterly $317,947
Volatile liabilities $7,212
Insider loans $325,684
FHLB advances $339,997
Loans and leases held for sale $44,628
Unused loan commitments $35
Tier 1 (core) risk-based capital $8,383
Tier 2 risk-based capital $0
Total risk weighted assets $7,188
Total unused commitments $100,408
Restructured Loans and leases $0
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Income and Expense (December 31, 2001)
(Dollar figures in thousands)
Total interest income $22,093
Total interest expense $7,612
Net interest income $14,481
Provision for loan and lease losses $821
Total noninterest income $7,105
Fiduciary activities $3,645
Service charges on deposit accounts $988
Trading account gains & fees $0
Additional noninterest income $2,472
Total noninterest expense $15,217
Salaries and employee benefits $8,697
Premises and equipment expense $1,743
Additional noninterest expense $4,777
Pre-tax net operating income $5,548
Securities gains (losses) $183
Applicable income taxes $2,123
Income before extraordinary items $3,608
Extraordinary gains - net $0
Net income attributable to bank $3,608
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $676
Net operating income $2,750
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Performance and Condition Ratios (December 31, 2001)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.30%
Cost of funding earning assets 2.51%
Net interest margin 4.78%
Noninterest income to earning assets 2.35%
Noninterest expense to earning assets 5.03%
Net operating income to assets 1.07%
Return on assets (ROA) 1.11%
Pretax return on assets 1.76%
Return on equity (ROE) 14.04%
Retained earnings to average equity (YTD only) 3.34%
Net charge-offs to loans 0.30%
Credit loss provision to net charge-offs 121.45%
Efficiency ratio9.42%
Assets per employee$70,495
Cash dividends to net income (YTD only)2.51%
Condition Ratios (%)
Loss allowance to loans 76.22%
Loss allowance to noncurrent loans 1.65%
Noncurrent assets plus other real estate owned to assets 678.44%
Noncurrent loans to loans 0.23%
Net loans and leases to deposits0.24%
Net loans and leases to core deposits 81.83%
Equity capital to assets 91.95%
Core capital (leverage) ratio 7.32%
Tier 1 risk-based capital ratio 7.41%
Total risk-based capital ratio 8.92%
Average assets$10
Average earning assets$325,684
Average equity $25,690
Average loans $302,795
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Total Fiduciary and Related Assets (December 31, 2001)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$1,649,385
Number of Accounts1
Personal trust and agency accounts$116,077
Employee benefit-defined contribution accounts$79,791
Employee benefit-defined benefit accounts$1,331
Other retirement accounts$423
Corporate trust and agency accounts$5,807
Investment management agency accounts$28,725
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts2093
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$1,533,308
Corporate trust and agency accounts$93,854
Other fiduciary accounts$2,443
Fiduciary accounts held in foreign offices$51,429
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