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


The State Bank - Overview

  • General
  • FDIC Certificate #: 1778
    Status: Active
    Federal Reserve ID: 387055
    Bank Holding Company (Regulatory Top Holder): Ark Valley Bankshares, Inc. (RSSDID: 1056732, Location: La Junta, CO)
    Date Established: January 16, 1893
    WWW: http://www.redibank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 13278
    FDIC's unique #: 1176
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 01, 2007
    Last Structure Change Process Date: August 30, 2011
    Last Data Update: August 30, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 124 Colorado Street, La Junta, CO 81050
    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
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $94.2 mil
    Equity capital: $12.1 mil
    Deposits held in domestic offices: $76.3 mil
    Return on assets (ROA): 0.16% ($0.2 mil)
    Quarterly return on assets: -0.49% (-$0.5 mil)
    Return on Equity (ROE): 1.19% ($0.1 mil)
    Quarterly return on equity: -3.77% (-$0.5 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.03% ($28.3 mil)
    Quarterly Pretax return on assets: -1.02% (-$960.6 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
  • 32Total employees (full-time equivalent)
  • $94,180Total assets
  • $21,485Cash and due from depository institutions
  • $20,680Interest-bearing balances
  • $7,230Securities
  • $35Federal funds sold & reverse repurchase agreements
  • $52,710Net loans & leases
  • $872Loan loss allowance
  • $0Trading account assets
  • $4,574Bank premises and fixed assets
  • $2,963Other real estate owned
  • $0Goodwill and other intangibles
  • $94,180Life insurance assets
  • $5,183All other assets
  • $82,123Total liabilities and capital
  • $76,324Total liabilities
  • $58,075Total deposits
  • $76,324Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,383Trading liabilities
  • $0Other borrowed funds
  • $1,416Subordinated debt
  • $12,057All other liabilities
  • $12,057Total equity capital
  • $12,057Total bank equity capital
  • $0Perpetual preferred stock
  • $183Common stock
  • $4,336Surplus
  • $7,538Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,750Income earned, not collected on loans
  • $0Earning assets
  • $723Long-term assets (5+ years)
  • $80,655Average Assets, year-to-date
  • $14,102Average Assets, quarterly
  • $93,298Volatile liabilities
  • $93,745Insider loans
  • $66,803FHLB advances
  • $92,456Loans and leases held for sale
  • $3,185Unused loan commitments
  • $3,185Tier 1 (core) risk-based capital
  • $11,621Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,885Restructured Loans and leases
  • $3,451Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,965Total interest income
  • $679Total interest expense
  • $3,286Net interest income
  • $733Provision for loan and lease losses
  • $835Total noninterest income
  • $0Fiduciary activities
  • $257Service charges on deposit accounts
  • $0Trading account gains & fees
  • $578Additional noninterest income
  • $3,356Total noninterest expense
  • $1,555Salaries and employee benefits
  • $435Premises and equipment expense
  • $1,366Additional noninterest expense
  • $32Pre-tax net operating income
  • $0Securities gains (losses)
  • -$113Applicable income taxes
  • $145Income before extraordinary items
  • $0Extraordinary gains - net
  • $145Net income attributable to bank
  • $0Net charge-offs
  • $145Cash dividends
  • $1,241Sale, conversion, retirement of capital stock, net
  • $260Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 4.15%Net interest margin
  • 1.05%Noninterest income to earning assets
  • 4.24%Noninterest expense to earning assets
  • 0.16%Net operating income to assets
  • 0.16%Return on assets (ROA)
  • 0.03%Pretax return on assets
  • 1.19%Return on equity (ROE)
  • -0.94%Retained earnings to average equity (YTD only)
  • 2.22%Net charge-offs to loans
  • 59.07%Credit loss provision to net charge-offs
  • 0.62%Efficiency ratio
  • 81,437Assets per employee
  • 2.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 179.31%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 31.71%Noncurrent assets plus other real estate owned to assets
  • 6.07%Noncurrent loans to loans
  • 5.13%Net loans and leases to deposits
  • 69.06%Net loans and leases to core deposits
  • 73.40%Equity capital to assets
  • 12.80%Core capital (leverage) ratio
  • 12.57%Tier 1 risk-based capital ratio
  • 17.40%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $93,298Average earning assets
  • $12,170Average equity
  • $79,229Average loans

List of branches

  • 5 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01176The State Bank124 Colorado Street, La Junta, CO 81050January 16, 1893Full Service Brick and Mortar
    2190132Drive-In Facility6 West First Street, La Junta, CO 81050August 05, 1985Limited Service Facility
    3359013Falcon Branch7495 Mclaughlin Road, Peyton, CO 80831August 01, 2000Full Service Brick and Mortar
    410935The State Bank Branch301 North Main Street, Rocky Ford, CO 81067September 12, 1949Full Service Brick and Mortar
    5238914Detached Facility901 Elm Avenue, Rocky Ford, CO 81067June 05, 1978Limited Service Facility

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