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

The First National Bank of Durango - Overview

  • General
  • FDIC Certificate #: 3014
    Status: Active
    Federal Reserve ID: 68859
    Bank Holding Company (Regulatory Top Holder): First Bancorp. Of Durango, Inc. (RSSDID: 1838590, Location: Inverness, IL)
    Date Established: Febuary 04, 1882
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 13333
    FDIC's unique #: 1912
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 01, 2007
    Last Structure Change Process Date: September 13, 2007
    Last Data Update: September 13, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 259 West Ninth Street, Durango, CO 81302
    County: La Plata
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Chicago
    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
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $417.7 mil
    Equity capital: $47.8 mil
    Deposits held in domestic offices: $365.9 mil
    Return on assets (ROA): 0.86% ($3.6 mil)
    Quarterly return on assets: 0.37% ($1.5 mil)
    Return on Equity (ROE): 7.89% ($3.8 mil)
    Quarterly return on equity: 3.22% ($1.5 mil)
    Net income: $3.5 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.86% ($3,591.8 mil)
    Quarterly Pretax return on assets: 0.37% ($1,545.3 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
  • 99Total employees (full-time equivalent)
  • $417,652Total assets
  • $54,250Cash and due from depository institutions
  • $44,208Interest-bearing balances
  • $186,036Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $157,140Net loans & leases
  • $5,588Loan loss allowance
  • $0Trading account assets
  • $7,927Bank premises and fixed assets
  • $3,881Other real estate owned
  • $402Goodwill and other intangibles
  • $417,652Life insurance assets
  • $8,016All other assets
  • $369,874Total liabilities and capital
  • $365,886Total liabilities
  • $304,767Total deposits
  • $365,886Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 1844.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $824Trading liabilities
  • $0Other borrowed funds
  • $1,320Subordinated debt
  • $47,778All other liabilities
  • $47,778Total equity capital
  • $47,778Total bank equity capital
  • $0Perpetual preferred stock
  • $450Common stock
  • $7,300Surplus
  • $40,028Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,738Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,759Income earned, not collected on loans
  • $192Earning assets
  • $2,009Long-term assets (5+ years)
  • $387,384Average Assets, year-to-date
  • $100,399Average Assets, quarterly
  • $408,714Volatile liabilities
  • $418,363Insider loans
  • $245,478FHLB advances
  • $409,734Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $40,228Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,312Restructured Loans and leases
  • $881Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,565Total interest income
  • $1,507Total interest expense
  • $14,058Net interest income
  • $900Provision for loan and lease losses
  • $3,148Total noninterest income
  • $0Fiduciary activities
  • $906Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,242Additional noninterest income
  • $12,042Total noninterest expense
  • $5,582Salaries and employee benefits
  • $1,479Premises and equipment expense
  • $4,981Additional noninterest expense
  • $4,264Pre-tax net operating income
  • -$744Securities gains (losses)
  • $0Applicable income taxes
  • $3,520Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,520Net income attributable to bank
  • $0Net charge-offs
  • $3,520Cash dividends
  • $869Sale, conversion, retirement of capital stock, net
  • $1,300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.07%Yield on earning assets
  • 0.39%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • 1.04%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 7.89%Return on equity (ROE)
  • 4.97%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 103.57%Credit loss provision to net charge-offs
  • 5.94%Efficiency ratio
  • 69,638Assets per employee
  • 4.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.93%Loss allowance to loans
  • 3.43%Loss allowance to noncurrent loans
  • 72.02%Noncurrent assets plus other real estate owned to assets
  • 2.97%Noncurrent loans to loans
  • 4.77%Net loans and leases to deposits
  • 42.95%Net loans and leases to core deposits
  • 44.68%Equity capital to assets
  • 11.44%Core capital (leverage) ratio
  • 9.82%Tier 1 risk-based capital ratio
  • 16.39%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $408,714Average earning assets
  • $44,641Average equity
  • $382,503Average loans

List of branches

  • 6 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01912The First National Bank Of Durango259 West Ninth Street, Durango, CO 81302Febuary 04, 1882Full Service Brick and Mortar
    1196007Wal-Mart Branch1155 South Camino Del Rio, Durango, CO 81303July 15, 1998Full Service Retail
    2196008Albertsons Office Branch311 W. College Drive, Durango, CO 81301March 03, 1997Full Service Retail
    31960091st National Messenger BranchTo Serve La Plata County, Durango, CO 81301December 21, 1999Limited Service Messenger
    4443137Bayfield Office Branch351 Bayfield Center Drive, Bayfield, CO 81122December 27, 2004Full Service Brick and Mortar
    517144Bodo Office Branch125 Sawyer Drive, Durango, CO 81303July 05, 1983Full Service Brick and Mortar

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