FDIC Certificate #: 25186 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Enterprise Bank National Association (#33380) Federal Reserve ID: 745552 Date Established: April 02, 1984 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 13888 FDIC's unique #: 17429 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: April 02, 1984 Last Structure Change Effective Date: March 19, 1999 Last Structure Change Process Date: March 30, 1999 Last Data Update: March 30, 1999 Data Source Date: April 05, 2012
Location
Address: 175 East First Street, Akron, CO 80720 County: Washington 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
Financial Summary
Total assets: $11.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
6Total employees (full-time equivalent)
$11,723Total assets
$536Cash and due from depository institutions
$0Interest-bearing balances
$1,574Securities
$0Federal funds sold & reverse repurchase agreements
$8,859Net loans & leases
$138Loan loss allowance
$0Trading account assets
$273Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$481All other assets
$11,723Total liabilities and capital
$10,229Total liabilities
$10,105Total deposits
$9,319Interest-bearing deposits
$10,105Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$124All other liabilities
$1,494Total equity capital
$1,494Total bank equity capital
$1,494Perpetual preferred stock
$0Common stock
$458Surplus
$658Undivided profits
Memoranda
$378Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$108Earning assets
$0Long-term assets (5+ years)
$199Average Assets, year-to-date
$10,433Average Assets, quarterly
$664Volatile liabilities
$12,231Insider loans
$11,987FHLB advances
$2,857Loans and leases held for sale
$434Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,422Total unused commitments
$0Restructured Loans and leases
$9,679Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$1,057Total interest income
$468Total interest expense
$589Net interest income
$4Provision for loan and lease losses
$89Total noninterest income
$0Fiduciary activities
$79Service charges on deposit accounts
$0Trading account gains & fees
$10Additional noninterest income
$412Total noninterest expense
$241Salaries and employee benefits
$42Premises and equipment expense
$129Additional noninterest expense
$262Pre-tax net operating income
$0Securities gains (losses)
$102Applicable income taxes
$160Income before extraordinary items
$0Extraordinary gains - net
$160Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$10Sale, conversion, retirement of capital stock, net
$111Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.72%Yield on earning assets
4.30%Cost of funding earning assets
5.42%Net interest margin
0.82%Noninterest income to earning assets
3.79%Noninterest expense to earning assets
1.31%Net operating income to assets
1.31%Return on assets (ROA)
2.14%Pretax return on assets
10.67%Return on equity (ROE)
3.27%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
40.00%Credit loss provision to net charge-offs
26.60%Efficiency ratio
60,767Assets per employee
1.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
69.38%Loss allowance to loans
1.53%Loss allowance to noncurrent loans
127.78%Noncurrent assets plus other real estate owned to assets
0.92%Noncurrent loans to loans
1.20%Net loans and leases to deposits
87.67%Net loans and leases to core deposits
122.23%Equity capital to assets
12.74%Core capital (leverage) ratio
12.49%Tier 1 risk-based capital ratio
15.43%Total risk-based capital ratio
Memoranda
$17Average assets
$12,231Average earning assets
$1,500Average equity
$10,875Average loans
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