FDIC Certificate #: 16834 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Tennessee Bank, National Association (#4977) Federal Reserve ID: 110356 Date Established: September 12, 1949 WWW:http://www.redibank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 13560 FDIC's unique #: 10935 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: September 12, 1949 Last Structure Change Effective Date: July 01, 2006 Last Structure Change Process Date: August 23, 2006 Last Data Update: August 23, 2006 Data Source Date: April 05, 2012
Location
Address: 301 North Main Street, Rocky Ford, CO 81067 County: Otero Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Kansas City FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $21.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
6Total employees (full-time equivalent)
$24,203Total assets
$7,832Cash and due from depository institutions
$7,644Interest-bearing balances
$3,947Securities
$0Federal funds sold & reverse repurchase agreements
$10,055Net loans & leases
$112Loan loss allowance
$0Trading account assets
$517Bank premises and fixed assets
$265Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,587All other assets
$24,203Total liabilities and capital
$21,424Total liabilities
$20,339Total deposits
$17,462Interest-bearing deposits
$20,339Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$454Other borrowed funds
$0Subordinated debt
$631All other liabilities
$2,779Total equity capital
$2,779Total bank equity capital
$2,779Perpetual preferred stock
$0Common stock
$200Surplus
$470Undivided profits
Memoranda
$2,109Noncurrent loans and leases
$2,783Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$239Earning assets
$99Long-term assets (5+ years)
$212Average Assets, year-to-date
$21,646Average Assets, quarterly
$4,125Volatile liabilities
$22,224Insider loans
$23,550FHLB advances
$2,934Loans and leases held for sale
$648Unused loan commitments
$454Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,783Total unused commitments
$0Restructured Loans and leases
$112Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$1,082Total interest income
$377Total interest expense
$705Net interest income
$18Provision for loan and lease losses
$166Total noninterest income
$0Fiduciary activities
$73Service charges on deposit accounts
$0Trading account gains & fees
$93Additional noninterest income
$681Total noninterest expense
$298Salaries and employee benefits
$70Premises and equipment expense
$313Additional noninterest expense
$172Pre-tax net operating income
$0Securities gains (losses)
$17Applicable income taxes
$155Income before extraordinary items
$0Extraordinary gains - net
$155Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$47Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.54%Yield on earning assets
1.93%Cost of funding earning assets
3.61%Net interest margin
0.85%Noninterest income to earning assets
3.49%Noninterest expense to earning assets
0.70%Net operating income to assets
0.70%Return on assets (ROA)
0.77%Pretax return on assets
5.72%Return on equity (ROE)
5.72%Retained earnings to average equity (YTD only)
0.49%Net charge-offs to loans
38.30%Credit loss provision to net charge-offs
4.04%Efficiency ratio
78,186Assets per employee
4.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
46.86%Noncurrent assets plus other real estate owned to assets
2.08%Noncurrent loans to loans
2.35%Net loans and leases to deposits
49.44%Net loans and leases to core deposits
57.77%Equity capital to assets
11.48%Core capital (leverage) ratio
11.66%Tier 1 risk-based capital ratio
19.32%Total risk-based capital ratio
Memoranda
$20Average assets
$22,224Average earning assets
$2,708Average equity
$19,516Average loans
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