Vista Bank in Colorado Springs, Colorado (CO)



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Table of contents:
Vista Bank
GeneralFDIC Certificate #: 34891
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Adams Bank & Trust (#18489)
Federal Reserve ID: 2682709
Date Established: November 02, 1998
WWW: http://www.vistabank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 61954
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: November 02, 1998
Last Structure Change Effective Date: April 17, 2004
Last Structure Change Process Date: April 20, 2004
Last Data Update: April 20, 2004
Data Source Date: April 05, 2012
LocationAddress: 1310 Garden Of The Gods Road, Colorado Springs, CO 80907
County: El Paso
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
Metropolitan Statistical Area (MSA): Colorado Springs, CO (#1720)
Core Based Statistical Area (CBSA): Colorado Springs, CO (#17820)
CBSA Metro Statistical Area: Colorado Springs, CO (#17820)
Financial SummaryTotal assets: $52.1 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, 2003)
(Dollar figures in thousands)
Total employees (full-time equivalent)19
Total assets$50,175
Cash and due from depository institutions$1,294
Interest-bearing balances$951
Securities$10,000
Federal funds sold & reverse repurchase agreements$1,700
Net loans & leases$29,271
Loan loss allowance $761
Trading account assets$0
Bank premises and fixed assets$3,106
Other real estate owned$196
Goodwill and other intangibles$2,484
All other assets$2,124
Life insurance assets$0
Total liabilities and capital$50,175
Total liabilities$41,866
Total deposits$34,936
Interest-bearing deposits$21,654
Deposits held in domestic offices$34,936
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $6,800
Subordinated debt $0
All other liabilities $130
Total equity capital$8,309
Total bank equity capital$8,309
Perpetual preferred stock$8,309
Common stock$0
Surplus$6
Undivided profits $8,689
Memoranda
Noncurrent loans and leases $-386
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $3,725
Income earned, not collected on loans $0
Earning assets $485
Long-term assets (5+ years) $0
Average Assets, year-to-date $345
Average Assets, quarterly $41,922
Volatile liabilities $12,666
Insider loans $51,191
FHLB advances $50,859
Loans and leases held for sale $5,152
Unused loan commitments $0
Tier 1 (core) risk-based capital $6,800
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $3,725
Restructured Loans and leases $0
Derivatives$451
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Income and Expense (December 31, 2003)
(Dollar figures in thousands)
Total interest income $2,824
Total interest expense $899
Net interest income $1,925
Provision for loan and lease losses $190
Total noninterest income $137
Fiduciary activities $0
Service charges on deposit accounts $95
Trading account gains & fees $0
Additional noninterest income $42
Total noninterest expense $2,412
Salaries and employee benefits $1,024
Premises and equipment expense $547
Additional noninterest expense $841
Pre-tax net operating income -$540
Securities gains (losses) -$20
Applicable income taxes -$237
Income before extraordinary items -$323
Extraordinary gains - net $0
Net income attributable to bank -$323
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $298
Net operating income $0
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Performance and Condition Ratios (December 31, 2003)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.62%
Cost of funding earning assets 2.11%
Net interest margin 4.51%
Noninterest income to earning assets 0.32%
Noninterest expense to earning assets 5.65%
Net operating income to assets -0.61%
Return on assets (ROA) -0.63%
Pretax return on assets -1.09%
Return on equity (ROE) -3.84%
Retained earnings to average equity (YTD only) -3.84%
Net charge-offs to loans 0.92%
Credit loss provision to net charge-offs 63.76%
Efficiency ratio-1.17%
Assets per employee$115,616
Cash dividends to net income (YTD only)2.64%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.53%
Noncurrent assets plus other real estate owned to assets 156.91%
Noncurrent loans to loans 1.36%
Net loans and leases to deposits1.61%
Net loans and leases to core deposits 83.78%
Equity capital to assets 98.28%
Core capital (leverage) ratio 16.56%
Tier 1 risk-based capital ratio 11.93%
Total risk-based capital ratio 16.29%
Memoranda
Average assets$18
Average earning assets$51,191
Average equity $8,406
Average loans $42,663
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Total Fiduciary and Related Assets (December 31, 2002)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$202
Number of Accounts1
Personal trust and agency accounts$202
Employee benefit-defined contribution accounts$202
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts2
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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