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


The First National Bank of Hugo - Overview

  • General
  • FDIC Certificate #: 3029
    Status: Active
    Federal Reserve ID: 276551
    Bank Holding Company (Regulatory Top Holder): First Liberty Capital Corporation Employee Stock Ownership Plan (RSSDID: 1998702, Location: Hugo, CO)
    Date Established: November 16, 1903
    WWW: http://www.fnbhugo.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 1926
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 15, 2008
    Last Structure Change Process Date: January 07, 2009
    Last Data Update: January 07, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 321 4th Street, Hugo, CO 80821
    County: Lincoln
    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
  • Financial Summary
  • Total assets: $102.7 mil
    Equity capital: $12.4 mil
    Deposits held in domestic offices: $87.2 mil
    Return on assets (ROA): 1.07% ($1.1 mil)
    Quarterly return on assets: 0.97% ($1.0 mil)
    Return on Equity (ROE): 8.62% ($1.0 mil)
    Quarterly return on equity: 7.66% ($0.9 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.07% ($1,098.7 mil)
    Quarterly Pretax return on assets: 0.97% ($996.0 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
  • 22Total employees (full-time equivalent)
  • $102,678Total assets
  • $11,297Cash and due from depository institutions
  • $8,977Interest-bearing balances
  • $27,478Securities
  • $2,950Federal funds sold & reverse repurchase agreements
  • $54,953Net loans & leases
  • $1,220Loan loss allowance
  • $0Trading account assets
  • $1,932Bank premises and fixed assets
  • $46Other real estate owned
  • $1,359Goodwill and other intangibles
  • $102,678Life insurance assets
  • $2,663All other assets
  • $90,248Total liabilities and capital
  • $87,217Total liabilities
  • $66,006Total deposits
  • $87,217Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,840Trading liabilities
  • $0Other borrowed funds
  • $191Subordinated debt
  • $12,430All other liabilities
  • $12,430Total equity capital
  • $12,430Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $4,644Surplus
  • $7,686Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $843Income earned, not collected on loans
  • $0Earning assets
  • $1,030Long-term assets (5+ years)
  • $94,358Average Assets, year-to-date
  • $46,890Average Assets, quarterly
  • $99,322Volatile liabilities
  • $100,606Insider loans
  • $56,247FHLB advances
  • $102,345Loans and leases held for sale
  • $729Unused loan commitments
  • $729Tier 1 (core) risk-based capital
  • $10,867Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,335Restructured Loans and leases
  • $2,974Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,421Total interest income
  • $628Total interest expense
  • $3,793Net interest income
  • $225Provision for loan and lease losses
  • $658Total noninterest income
  • $0Fiduciary activities
  • $238Service charges on deposit accounts
  • $0Trading account gains & fees
  • $420Additional noninterest income
  • $3,190Total noninterest expense
  • $1,605Salaries and employee benefits
  • $419Premises and equipment expense
  • $1,166Additional noninterest expense
  • $1,036Pre-tax net operating income
  • $28Securities gains (losses)
  • $0Applicable income taxes
  • $1,064Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,064Net income attributable to bank
  • $0Net charge-offs
  • $1,064Cash dividends
  • $202Sale, conversion, retirement of capital stock, net
  • $800Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 4.19%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 3.52%Noninterest expense to earning assets
  • 1.04%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 8.62%Return on equity (ROE)
  • 2.14%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 111.39%Credit loss provision to net charge-offs
  • 6.24%Efficiency ratio
  • 71,669Assets per employee
  • 4.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.19%Loss allowance to loans
  • 2.17%Loss allowance to noncurrent loans
  • 144.72%Noncurrent assets plus other real estate owned to assets
  • 0.87%Noncurrent loans to loans
  • 1.50%Net loans and leases to deposits
  • 63.01%Net loans and leases to core deposits
  • 65.83%Equity capital to assets
  • 12.11%Core capital (leverage) ratio
  • 10.62%Tier 1 risk-based capital ratio
  • 19.32%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $99,322Average earning assets
  • $12,349Average equity
  • $90,553Average loans

List of branches

  • 3 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01926The First National Bank Of Hugo321 4th Street, Hugo, CO 80821November 16, 1903Full Service Brick and Mortar
    1444899Limon Branch981 2nd Street, Limon, CO 80828January 05, 1998Full Service Brick and Mortar
    216269First Mountain Bank Branch409 Harrison Avenue, Leadville, CO 80461October 06, 1980Full Service Brick and Mortar

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