The Rio Grande County Bank in Del Norte, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 17, 2001

  • The Rio Grande County Bank in Del Norte, Colorado (CO)
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The Rio Grande County Bank - Overview

  • General
  • FDIC Certificate #: 15530
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community Banks of the Rockies (#3032)
    Federal Reserve ID: 908058
    Date Established: April 08, 1937
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 9826
    Numeric code: 13
    Regulator: FED
    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: August 25, 1937
    Last Structure Change Effective Date: September 17, 2001
    Last Structure Change Process Date: November 15, 2001
    Last Data Update: November 15, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 595 Grand Avenue, Del Norte, CO 81132
    County: Rio Grande
    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: $57.2 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, 2000)

  • Dollar figures in thousands
  • 33Total employees (full-time equivalent)
  • $53,246Total assets
  • $3,454Cash and due from depository institutions
  • $11Interest-bearing balances
  • $4,119Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $39,857Net loans & leases
  • $424Loan loss allowance
  • $0Trading account assets
  • $1,508Bank premises and fixed assets
  • $0Other real estate owned
  • $2,901Goodwill and other intangibles
  • $0Life insurance assets
  • $1,407All other assets
  • $53,246Total liabilities and capital
  • $46,336Total liabilities
  • $45,310Total deposits
  • $36,457Interest-bearing deposits
  • $45,310Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $825Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $201All other liabilities
  • $6,910Total equity capital
  • $6,910Total bank equity capital
  • $6,910Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $6,083Undivided profits
  • Memoranda
  • $427Noncurrent loans and leases
  • $8,363Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $191Earning assets
  • $0Long-term assets (5+ years)
  • $1,010Average Assets, year-to-date
  • $43,987Average Assets, quarterly
  • $11,515Volatile liabilities
  • $52,591Insider loans
  • $53,704FHLB advances
  • $8,864Loans and leases held for sale
  • $1,447Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,363Total unused commitments
  • $0Restructured Loans and leases
  • $424Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $4,217Total interest income
  • $1,507Total interest expense
  • $2,710Net interest income
  • $22Provision for loan and lease losses
  • $417Total noninterest income
  • $0Fiduciary activities
  • $299Service charges on deposit accounts
  • $0Trading account gains & fees
  • $118Additional noninterest income
  • $2,060Total noninterest expense
  • $943Salaries and employee benefits
  • $288Premises and equipment expense
  • $829Additional noninterest expense
  • $1,045Pre-tax net operating income
  • $0Securities gains (losses)
  • $401Applicable income taxes
  • $644Income before extraordinary items
  • $0Extraordinary gains - net
  • $644Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $23Sale, conversion, retirement of capital stock, net
  • $675Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.77%Yield on earning assets
  • 3.49%Cost of funding earning assets
  • 6.28%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 4.77%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.99%Pretax return on assets
  • 9.41%Return on equity (ROE)
  • -0.45%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 95.65%Credit loss provision to net charge-offs
  • 46.39%Efficiency ratio
  • 61,625Assets per employee
  • 1.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 104.81%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 221.99%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.47%Net loans and leases to deposits
  • 87.97%Net loans and leases to core deposits
  • 106.94%Equity capital to assets
  • 12.98%Core capital (leverage) ratio
  • 7.82%Tier 1 risk-based capital ratio
  • 9.10%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $52,591Average earning assets
  • $6,840Average equity
  • $43,142Average loans

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