The Citizens State Bank of Ouray in Ouray, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Citizens State Bank of Ouray - Overview

  • General
  • FDIC Certificate #: 1779
    Status: Active
    Federal Reserve ID: 98351
    Bank Holding Company (Regulatory Top Holder): Harry A. Lowe Agency, Inc., The (RSSDID: 1051689, Location: Ouray, CO)
    Date Established: August 20, 1913
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 1177
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 600 Main Street, Ouray, CO 81427
    County: Ouray
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $86.3 mil
    Equity capital: $9.7 mil
    Deposits held in domestic offices: $75.5 mil
    Return on assets (ROA): 1.01% ($0.9 mil)
    Quarterly return on assets: 0.61% ($0.5 mil)
    Return on Equity (ROE): 8.78% ($0.9 mil)
    Quarterly return on equity: 5.33% ($0.5 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.40% ($1,208.6 mil)
    Quarterly Pretax return on assets: 0.60% ($518.0 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, 2011)

  • Dollar figures in thousands
  • 29Total employees (full-time equivalent)
  • $86,330Total assets
  • $12,653Cash and due from depository institutions
  • $11,652Interest-bearing balances
  • $40,804Securities
  • $250Federal funds sold & reverse repurchase agreements
  • $31,145Net loans & leases
  • $364Loan loss allowance
  • $0Trading account assets
  • $544Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $86,330Life insurance assets
  • $934All other assets
  • $76,641Total liabilities and capital
  • $75,481Total liabilities
  • $58,972Total deposits
  • $75,481Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,160Subordinated debt
  • $9,689All other liabilities
  • $9,689Total equity capital
  • $9,689Total bank equity capital
  • $0Perpetual preferred stock
  • $226Common stock
  • $1,500Surplus
  • $7,963Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $798Income earned, not collected on loans
  • $0Earning assets
  • $613Long-term assets (5+ years)
  • $83,851Average Assets, year-to-date
  • $29,279Average Assets, quarterly
  • $84,496Volatile liabilities
  • $87,565Insider loans
  • $37,552FHLB advances
  • $84,979Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,164Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,900Restructured Loans and leases
  • $1,572Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,001Total interest income
  • $328Total interest expense
  • $3,673Net interest income
  • $393Provision for loan and lease losses
  • $698Total noninterest income
  • $0Fiduciary activities
  • $202Service charges on deposit accounts
  • $0Trading account gains & fees
  • $496Additional noninterest income
  • $2,793Total noninterest expense
  • $1,665Salaries and employee benefits
  • $351Premises and equipment expense
  • $777Additional noninterest expense
  • $1,185Pre-tax net operating income
  • $0Securities gains (losses)
  • $334Applicable income taxes
  • $851Income before extraordinary items
  • $0Extraordinary gains - net
  • $851Net income attributable to bank
  • $0Net charge-offs
  • $851Cash dividends
  • $378Sale, conversion, retirement of capital stock, net
  • $679Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 0.42%Cost of funding earning assets
  • 4.70%Net interest margin
  • 0.89%Noninterest income to earning assets
  • 3.57%Noninterest expense to earning assets
  • 1.01%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 8.78%Return on equity (ROE)
  • 1.77%Retained earnings to average equity (YTD only)
  • 1.17%Net charge-offs to loans
  • 103.97%Credit loss provision to net charge-offs
  • 4.17%Efficiency ratio
  • 63,898Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 79.79%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 45.61%Noncurrent assets plus other real estate owned to assets
  • 0.92%Noncurrent loans to loans
  • 2.53%Net loans and leases to deposits
  • 41.26%Net loans and leases to core deposits
  • 43.16%Equity capital to assets
  • 11.22%Core capital (leverage) ratio
  • 9.61%Tier 1 risk-based capital ratio
  • 21.74%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $84,496Average earning assets
  • $9,696Average equity
  • $78,178Average loans

List of branches

  • 4 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01177The Citizens State Bank Of Ouray600 Main Street, Ouray, CO 81427August 20, 1913Full Service Brick and Mortar
    1190133Ridgway BranchState Highway 62, Ridgway, CO 81432Febuary 19, 1980Full Service Brick and Mortar
    2190134Silverton Branch1218 Greene Street, Silverton, CO 81433March 23, 1992Full Service Brick and Mortar
    414329Montrose BranchState Highway 97 And 145, Naturita, CO 81422July 14, 1972Full Service Brick and Mortar

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