The Citadel Bank in Colorado Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 31, 2008

  • The Citadel Bank in Colorado Springs, Colorado (CO)
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The Citadel Bank - Overview

  • General
  • FDIC Certificate #: 20674
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: UMB Bank Colorado, National Association (#19298)
    Federal Reserve ID: 899455
    Date Established: April 29, 1972
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 14273
    Numeric code: 21
    Regulator: FDIC
    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: April 29, 1972
    Last Structure Change Effective Date: October 31, 2008
    Last Structure Change Process Date: November 26, 2008
    Last Data Update: November 26, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 730 Citadel Drive East, Colorado Springs, CO 80932
    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: $95.0 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, 2007)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $92,306Total assets
  • $36,459Cash and due from depository institutions
  • $31,727Interest-bearing balances
  • $23,936Securities
  • $2,125Federal funds sold & reverse repurchase agreements
  • $25,545Net loans & leases
  • $269Loan loss allowance
  • $0Trading account assets
  • $2,345Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $735Life insurance assets
  • $1,896All other assets
  • $92,306Total liabilities and capital
  • $86,050Total liabilities
  • $84,976Total deposits
  • $54,915Interest-bearing deposits
  • $84,976Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,074All other liabilities
  • $6,256Total equity capital
  • $6,256Total bank equity capital
  • $6,256Perpetual preferred stock
  • $0Common stock
  • $750Surplus
  • $750Undivided profits
  • Memoranda
  • $4,756Noncurrent loans and leases
  • $6,604Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $879Average Assets, year-to-date
  • $83,333Average Assets, quarterly
  • $2,567Volatile liabilities
  • $76,982Insider loans
  • $90,206FHLB advances
  • $11,283Loans and leases held for sale
  • $190Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,604Total unused commitments
  • $0Restructured Loans and leases
  • $269Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $4,553Total interest income
  • $722Total interest expense
  • $3,831Net interest income
  • $5Provision for loan and lease losses
  • $1,320Total noninterest income
  • $0Fiduciary activities
  • $682Service charges on deposit accounts
  • $0Trading account gains & fees
  • $638Additional noninterest income
  • $2,636Total noninterest expense
  • $1,108Salaries and employee benefits
  • $286Premises and equipment expense
  • $1,242Additional noninterest expense
  • $2,510Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $2,510Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,510Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $1,509Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.60%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 5.56%Net interest margin
  • 1.91%Noninterest income to earning assets
  • 3.82%Noninterest expense to earning assets
  • 3.26%Net operating income to assets
  • 3.26%Return on assets (ROA)
  • 3.26%Pretax return on assets
  • 46.12%Return on equity (ROE)
  • 18.39%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 50.00%Credit loss provision to net charge-offs
  • 251.50%Efficiency ratio
  • 51,175Assets per employee
  • 5.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.12%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 30.06%Net loans and leases to core deposits
  • 34.66%Equity capital to assets
  • 6.78%Core capital (leverage) ratio
  • 6.74%Tier 1 risk-based capital ratio
  • 14.98%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $76,982Average earning assets
  • $5,442Average equity
  • $68,946Average loans

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