The Montrose County Bank in Naturita, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 18, 1994

The Montrose County Bank in Naturita, Colorado (CO)
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The Montrose County Bank - Overview

General
FDIC Certificate #: 20746
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Citizens State Bank of Ouray (#1779)
Federal Reserve ID: 462859
Date Established: July 14, 1972
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 14329
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: July 14, 1972
Last Structure Change Effective Date: January 18, 1994
Last Structure Change Process Date: January 25, 1994
Last Data Update: January 25, 1994
Data Source Date: April 05, 2012
Location
Address: State Highways 97 And 145, Naturita, CO 81422
County: Montrose
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
Core Based Statistical Area (CBSA): Montrose, CO (#33940)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $10.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$9,961Cash and due from depository institutions
$335Interest-bearing balances
$0Securities
$6,532Federal funds sold & reverse repurchase agreements
$300Net loans & leases
$2,519Loan loss allowance
$51Trading account assets
$0Bank premises and fixed assets
$100Other real estate owned
$34Goodwill and other intangibles
$141Life insurance assets
$0All other assets
$0Total liabilities and capital
$9,961Total liabilities
$9,091Total deposits
$8,951Interest-bearing deposits
$7,279Deposits held in domestic offices
8951.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$140Total equity capital
$140Total bank equity capital
$870Perpetual preferred stock
$0Common stock
$106Surplus
$368Undivided profits
Memoranda
$396Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$43Earning assets
$9,351Long-term assets (5+ years)
$1,973Average Assets, year-to-date
$9,818Average Assets, quarterly
$9,919Volatile liabilities
$300Insider loans
$65FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$202Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$870Total risk weighted assets
$2,802Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$719Total interest expense
$202Net interest income
$517Provision for loan and lease losses
-$58Total noninterest income
$73Fiduciary activities
$0Service charges on deposit accounts
$51Trading account gains & fees
$0Additional noninterest income
$22Total noninterest expense
$406Salaries and employee benefits
$178Premises and equipment expense
$69Additional noninterest expense
$159Pre-tax net operating income
$242Securities gains (losses)
$0Applicable income taxes
$91Income before extraordinary items
$151Extraordinary gains - net
$0Net income attributable to bank
$151Net charge-offs
-$24Cash dividends
$150Sale, conversion, retirement of capital stock, net
$6Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.99%Cost of funding earning assets
2.25%Net interest margin
5.75%Noninterest income to earning assets
0.81%Noninterest expense to earning assets
4.51%Net operating income to assets
1.54%Return on assets (ROA)
1.54%Pretax return on assets
2.46%Return on equity (ROE)
17.59%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
-0.86%Credit loss provision to net charge-offs
241.67%Efficiency ratio
68,814Assets per employee
1.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
99.34%Loss allowance to loans
1.98%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.34%Noncurrent loans to loans
0.00%Net loans and leases to deposits
28.14%Net loans and leases to core deposits
29.12%Equity capital to assets
8.73%Core capital (leverage) ratio
8.72%Tier 1 risk-based capital ratio
31.05%Total risk-based capital ratio
Memoranda
$32Average assets
$9,818Average earning assets
$859Average equity
$8,996Average loans

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