The Bank of Durango in Durango, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 24, 2007

  • The Bank of Durango in Durango, Colorado (CO)
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The Bank of Durango - Overview

  • General
  • FDIC Certificate #: 24701
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The First National Bank of Durango (#3014)
    Federal Reserve ID: 69351
    Date Established: July 05, 1983
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 17144
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 05, 1983
    Last Structure Change Effective Date: April 24, 2007
    Last Structure Change Process Date: May 21, 2007
    Last Data Update: May 21, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 125 Sawyer Drive, Durango, CO 81303
    County: La Plata
    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
    Core Based Statistical Area (CBSA): Durango, CO (#20420)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $31.4 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, 2006)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $31,044Total assets
  • $1,286Cash and due from depository institutions
  • $12Interest-bearing balances
  • $406Securities
  • $5,600Federal funds sold & reverse repurchase agreements
  • $21,802Net loans & leases
  • $746Loan loss allowance
  • $0Trading account assets
  • $1,320Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $630All other assets
  • $31,044Total liabilities and capital
  • $28,225Total liabilities
  • $28,012Total deposits
  • $20,321Interest-bearing deposits
  • $28,012Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $213All other liabilities
  • $2,819Total equity capital
  • $2,819Total bank equity capital
  • $2,819Perpetual preferred stock
  • $0Common stock
  • $784Surplus
  • $2,418Undivided profits
  • Memoranda
  • $-383Noncurrent loans and leases
  • $1,957Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $869Earning assets
  • $193Long-term assets (5+ years)
  • $155Average Assets, year-to-date
  • $27,820Average Assets, quarterly
  • $3,533Volatile liabilities
  • $30,784Insider loans
  • $30,487FHLB advances
  • $6,400Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,957Total unused commitments
  • $203Restructured Loans and leases
  • $320Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $2,206Total interest income
  • $624Total interest expense
  • $1,582Net interest income
  • $0Provision for loan and lease losses
  • $529Total noninterest income
  • $0Fiduciary activities
  • $93Service charges on deposit accounts
  • $0Trading account gains & fees
  • $436Additional noninterest income
  • $2,352Total noninterest expense
  • $1,098Salaries and employee benefits
  • $207Premises and equipment expense
  • $1,047Additional noninterest expense
  • -$241Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$241Income before extraordinary items
  • $0Extraordinary gains - net
  • -$241Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $132Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.16%Yield on earning assets
  • 2.31%Cost of funding earning assets
  • 5.85%Net interest margin
  • 1.96%Noninterest income to earning assets
  • 8.70%Noninterest expense to earning assets
  • -0.78%Net operating income to assets
  • -0.78%Return on assets (ROA)
  • -0.78%Pretax return on assets
  • -8.17%Return on equity (ROE)
  • -8.17%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • -1.83%Efficiency ratio
  • 111,416Assets per employee
  • 2.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.31%Loss allowance to noncurrent loans
  • 85.85%Noncurrent assets plus other real estate owned to assets
  • 2.80%Noncurrent loans to loans
  • 3.85%Net loans and leases to deposits
  • 77.83%Net loans and leases to core deposits
  • 100.88%Equity capital to assets
  • 9.08%Core capital (leverage) ratio
  • 9.11%Tier 1 risk-based capital ratio
  • 11.20%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $30,784Average earning assets
  • $2,951Average equity
  • $27,029Average loans

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