The Eastern Colorado Bank in Cheyenne Wells, Colorado (CO), KS
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Eastern Colorado Bank in Cheyenne Wells, Colorado (CO), KS
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The Eastern Colorado Bank - Overview

  • General
  • FDIC Certificate #: 16125
    Status: Active
    Federal Reserve ID: 775054
    Bank Holding Company (Regulatory Top Holder): Weed Investment Group, Inc. (RSSDID: 3189894, Location: Cheyenne Wells, CO)
    Date Established: March 01, 1944
    WWW: http://www.yourfriendlybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: Yes)
    FDIC's unique #: 10340
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: March 01, 1944
    Last Structure Change Effective Date: August 13, 2010
    Last Structure Change Process Date: August 30, 2010
    Last Data Update: August 30, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 10 First Street South, Cheyenne Wells, CO 80810
    County: Cheyenne
    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
  • Participated in Absorption/Consolidation/Merger
    Office Purchased
  • Financial Summary
  • Total assets: $224.1 mil
    Equity capital: $25.5 mil
    Deposits held in domestic offices: $176.5 mil
    Return on assets (ROA): 1.17% ($2.6 mil)
    Quarterly return on assets: 1.59% ($3.6 mil)
    Return on Equity (ROE): 10.66% ($2.7 mil)
    Quarterly return on equity: 13.91% ($3.5 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.17% ($2,621.4 mil)
    Quarterly Pretax return on assets: 1.59% ($3,562.4 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, 2011)

  • Dollar figures in thousands
  • 50Total employees (full-time equivalent)
  • $224,050Total assets
  • $5,202Cash and due from depository institutions
  • $23Interest-bearing balances
  • $68,657Securities
  • $155Federal funds sold & reverse repurchase agreements
  • $135,404Net loans & leases
  • $2,386Loan loss allowance
  • $0Trading account assets
  • $2,617Bank premises and fixed assets
  • $1,830Other real estate owned
  • $1,369Goodwill and other intangibles
  • $224,049Life insurance assets
  • $8,816All other assets
  • $198,564Total liabilities and capital
  • $176,507Total liabilities
  • $137,840Total deposits
  • $176,507Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21,749Trading liabilities
  • $0Other borrowed funds
  • $308Subordinated debt
  • $25,485All other liabilities
  • $25,485Total equity capital
  • $25,485Total bank equity capital
  • $0Perpetual preferred stock
  • $261Common stock
  • $10,077Surplus
  • $15,147Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $518Income earned, not collected on loans
  • $0Earning assets
  • $2,104Long-term assets (5+ years)
  • $204,239Average Assets, year-to-date
  • $106,115Average Assets, quarterly
  • $216,828Volatile liabilities
  • $219,930Insider loans
  • $160,606FHLB advances
  • $216,573Loans and leases held for sale
  • $3,006Unused loan commitments
  • $2,003Tier 1 (core) risk-based capital
  • $22,121Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,003Total unused commitments
  • $87,061Restructured Loans and leases
  • $2,482Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,653Total interest income
  • $1,781Total interest expense
  • $8,872Net interest income
  • $1,350Provision for loan and lease losses
  • $698Total noninterest income
  • $0Fiduciary activities
  • $365Service charges on deposit accounts
  • $0Trading account gains & fees
  • $333Additional noninterest income
  • $5,819Total noninterest expense
  • $3,134Salaries and employee benefits
  • $627Premises and equipment expense
  • $2,058Additional noninterest expense
  • $2,401Pre-tax net operating income
  • $139Securities gains (losses)
  • $0Applicable income taxes
  • $2,540Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,540Net income attributable to bank
  • $0Net charge-offs
  • $2,540Cash dividends
  • $1,732Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.32%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 4.43%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 2.91%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 10.66%Return on equity (ROE)
  • 6.46%Retained earnings to average equity (YTD only)
  • 1.26%Net charge-offs to loans
  • 77.94%Credit loss provision to net charge-offs
  • 2.17%Efficiency ratio
  • 59,112Assets per employee
  • 4.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.37%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 460.62%Noncurrent assets plus other real estate owned to assets
  • 1.05%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 76.71%Net loans and leases to core deposits
  • 84.66%Equity capital to assets
  • 11.37%Core capital (leverage) ratio
  • 10.21%Tier 1 risk-based capital ratio
  • 13.77%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $216,828Average earning assets
  • $23,837Average equity
  • $200,234Average loans

List of branches

  • 3 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010340The Eastern Colorado Bank10 First Street South, Cheyenne Wells, CO 80810March 01, 1944Full Service Brick and Mortar
    1358634Limon Branch580 V Avenue, Limon, CO 80828November 13, 2000Full Service Brick and Mortar
    2429761Garden Of The Gods Bank--a Branch Of444 East Pikes Peak Suite 300, Colorado Springs, CO 80903November 01, 2003Full Service Brick and Mortar
  • 1 Kansas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    48509Sharon Springs Branch133 North Main Street, Sharon Springs, KS 67758October 16, 1916Full Service Brick and Mortar

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