The Kirk State Bank in Kirk, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2000

  • The Kirk State Bank in Kirk, Colorado (CO)
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The Kirk State Bank - Overview

  • General
  • FDIC Certificate #: 9220
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National Bank (#14420)
    Federal Reserve ID: 282552
    Date Established: January 09, 1917
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 5902
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 01, 2000
    Last Structure Change Process Date: May 26, 2000
    Last Data Update: May 26, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Kirk, CO 80824
    County: Yuma
    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: $21.0 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, 1999)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $22,205Total assets
  • $888Cash and due from depository institutions
  • $0Interest-bearing balances
  • $1,911Securities
  • $2,400Federal funds sold & reverse repurchase agreements
  • $15,941Net loans & leases
  • $248Loan loss allowance
  • $0Trading account assets
  • $50Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,015All other assets
  • $22,205Total liabilities and capital
  • $20,119Total liabilities
  • $19,862Total deposits
  • $16,813Interest-bearing deposits
  • $19,862Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $257All other liabilities
  • $2,086Total equity capital
  • $2,086Total bank equity capital
  • $2,086Perpetual preferred stock
  • $0Common stock
  • $150Surplus
  • $850Undivided profits
  • Memoranda
  • $1,086Noncurrent loans and leases
  • $2,678Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $305Earning assets
  • $0Long-term assets (5+ years)
  • $643Average Assets, year-to-date
  • $20,252Average Assets, quarterly
  • $2,657Volatile liabilities
  • $21,226Insider loans
  • $21,247FHLB advances
  • $4,808Loans and leases held for sale
  • $349Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,678Total unused commitments
  • $0Restructured Loans and leases
  • $227Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $1,721Total interest income
  • $877Total interest expense
  • $844Net interest income
  • $131Provision for loan and lease losses
  • $94Total noninterest income
  • $0Fiduciary activities
  • $29Service charges on deposit accounts
  • $0Trading account gains & fees
  • $65Additional noninterest income
  • $474Total noninterest expense
  • $257Salaries and employee benefits
  • $57Premises and equipment expense
  • $160Additional noninterest expense
  • $333Pre-tax net operating income
  • $138Securities gains (losses)
  • $106Applicable income taxes
  • $365Income before extraordinary items
  • $0Extraordinary gains - net
  • $365Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $111Sale, conversion, retirement of capital stock, net
  • $120Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.92%Yield on earning assets
  • 4.54%Cost of funding earning assets
  • 4.37%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 1.72%Return on assets (ROA)
  • 2.22%Pretax return on assets
  • 18.60%Return on equity (ROE)
  • 12.48%Retained earnings to average equity (YTD only)
  • 0.70%Net charge-offs to loans
  • 118.02%Credit loss provision to net charge-offs
  • 4.18%Efficiency ratio
  • 50,533Assets per employee
  • 2.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.88%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 81.31%Noncurrent assets plus other real estate owned to assets
  • 1.37%Noncurrent loans to loans
  • 1.88%Net loans and leases to deposits
  • 80.26%Net loans and leases to core deposits
  • 105.89%Equity capital to assets
  • 9.39%Core capital (leverage) ratio
  • 9.42%Tier 1 risk-based capital ratio
  • 11.57%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $21,226Average earning assets
  • $1,963Average equity
  • $19,300Average loans

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