FDIC Certificate #: 22963 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Vectra Bank Colorado, National Association (#2993) Federal Reserve ID: 722553 Date Established: October 01, 1979 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 11475 FDIC's unique #: 16066 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: October 01, 1979 Last Structure Change Effective Date: January 23, 1998 Last Structure Change Process Date: Febuary 10, 1998 Last Data Update: Febuary 10, 1998 Data Source Date: April 05, 2012
Location
Address: 350 West Montezuma, Cortez, CO 81321 County: Montezuma Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: San Francisco FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $96.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
44Total employees (full-time equivalent)
$96,779Total assets
$3,178Cash and due from depository institutions
$200Interest-bearing balances
$28,676Securities
$5,356Federal funds sold & reverse repurchase agreements
$39,177Net loans & leases
$891Loan loss allowance
$0Trading account assets
$2,092Bank premises and fixed assets
$37Other real estate owned
$17,099Goodwill and other intangibles
$0Life insurance assets
$1,164All other assets
$96,779Total liabilities and capital
$72,955Total liabilities
$72,323Total deposits
$60,421Interest-bearing deposits
$72,323Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$632All other liabilities
$23,824Total equity capital
$23,824Total bank equity capital
$23,824Perpetual preferred stock
$0Common stock
$1,770Surplus
$21,528Undivided profits
Memoranda
$526Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$730Earning assets
$256Long-term assets (5+ years)
$525Average Assets, year-to-date
$73,409Average Assets, quarterly
$21,196Volatile liabilities
$89,203Insider loans
$95,954FHLB advances
$4,666Loans and leases held for sale
$345Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,933Total unused commitments
$0Restructured Loans and leases
$46,774Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$3,977Total interest income
$1,512Total interest expense
$2,465Net interest income
-$150Provision for loan and lease losses
$483Total noninterest income
$0Fiduciary activities
$314Service charges on deposit accounts
$0Trading account gains & fees
$169Additional noninterest income
$2,271Total noninterest expense
$957Salaries and employee benefits
$212Premises and equipment expense
$1,102Additional noninterest expense
$827Pre-tax net operating income
$10Securities gains (losses)
$367Applicable income taxes
$470Income before extraordinary items
$0Extraordinary gains - net
$470Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$134Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.68%Yield on earning assets
2.16%Cost of funding earning assets
3.52%Net interest margin
0.69%Noninterest income to earning assets
3.24%Noninterest expense to earning assets
0.52%Net operating income to assets
0.53%Return on assets (ROA)
0.94%Pretax return on assets
2.55%Return on equity (ROE)
2.55%Retained earnings to average equity (YTD only)
-0.32%Net charge-offs to loans
111.94%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,178Assets per employee
2.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.22%Loss allowance to noncurrent loans
122.05%Noncurrent assets plus other real estate owned to assets
0.79%Noncurrent loans to loans
1.82%Net loans and leases to deposits
54.17%Net loans and leases to core deposits
57.91%Equity capital to assets
24.62%Core capital (leverage) ratio
8.47%Tier 1 risk-based capital ratio
14.25%Total risk-based capital ratio
Memoranda
$16Average assets
$89,203Average earning assets
$18,423Average equity
$70,025Average loans
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