The Bank of Cherry Creek, National Association in Denver, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 23, 2002

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 138Total employees (full-time equivalent)
  • $346,251Total assets
  • $19,431Cash and due from depository institutions
  • $239Interest-bearing balances
  • $35,470Securities
  • $38,420Federal funds sold & reverse repurchase agreements
  • $243,818Net loans & leases
  • $4,091Loan loss allowance
  • $0Trading account assets
  • $3,053Bank premises and fixed assets
  • $180Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,879All other assets
  • $346,251Total liabilities and capital
  • $320,892Total liabilities
  • $297,962Total deposits
  • $221,959Interest-bearing deposits
  • $297,962Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $11,826Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,383Other borrowed funds
  • $0Subordinated debt
  • $2,721All other liabilities
  • $25,359Total equity capital
  • $25,359Total bank equity capital
  • $25,359Perpetual preferred stock
  • $0Common stock
  • $5,400Surplus
  • $10,750Undivided profits
  • Memoranda
  • $9,209Noncurrent loans and leases
  • $100,408Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $603Earning assets
  • $114Long-term assets (5+ years)
  • $1,603Average Assets, year-to-date
  • $317,947Average Assets, quarterly
  • $7,212Volatile liabilities
  • $325,684Insider loans
  • $339,997FHLB advances
  • $44,628Loans and leases held for sale
  • $35Unused loan commitments
  • $8,383Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,188Total risk weighted assets
  • $100,408Total unused commitments
  • $0Restructured Loans and leases
  • $3,510Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $22,093Total interest income
  • $7,612Total interest expense
  • $14,481Net interest income
  • $821Provision for loan and lease losses
  • $7,105Total noninterest income
  • $3,645Fiduciary activities
  • $988Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,472Additional noninterest income
  • $15,217Total noninterest expense
  • $8,697Salaries and employee benefits
  • $1,743Premises and equipment expense
  • $4,777Additional noninterest expense
  • $5,548Pre-tax net operating income
  • $183Securities gains (losses)
  • $2,123Applicable income taxes
  • $3,608Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,608Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $676Sale, conversion, retirement of capital stock, net
  • $2,750Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.30%Yield on earning assets
  • 2.51%Cost of funding earning assets
  • 4.78%Net interest margin
  • 2.35%Noninterest income to earning assets
  • 5.03%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 14.04%Return on equity (ROE)
  • 3.34%Retained earnings to average equity (YTD only)
  • 0.30%Net charge-offs to loans
  • 121.45%Credit loss provision to net charge-offs
  • 9.42%Efficiency ratio
  • 70,495Assets per employee
  • 2.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.22%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 678.44%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 81.83%Net loans and leases to core deposits
  • 91.95%Equity capital to assets
  • 7.32%Core capital (leverage) ratio
  • 7.41%Tier 1 risk-based capital ratio
  • 8.92%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $325,684Average earning assets
  • $25,690Average equity
  • $302,795Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,649,385Managed Assets
  • 1Number of Accounts
  • $116,077Personal trust and agency accounts
  • $79,791Employee benefit-defined contribution accounts
  • $1,331Employee benefit-defined benefit accounts
  • $423Other retirement accounts
  • $5,807Corporate trust and agency accounts
  • $28,725Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2093Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,533,308Other retirement accounts
  • $93,854Corporate trust and agency accounts
  • $2,443Other fiduciary accounts
  • $51,429Fiduciary accounts held in foreign offices

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