WestStar Bank in Vail, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 12, 2006

  • WestStar Bank in Vail, Colorado (CO)
  • Show street view No street view available for this location

WestStar Bank - Overview

  • General
  • FDIC Certificate #: 22572
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: U.S. Bank National Association (#6548)
    Federal Reserve ID: 352857
    Date Established: December 12, 1977
    WWW: http://www.weststarbank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 25 (Interstate: No)
    OTS Docket #: 12772
    FDIC's unique #: 15745
    Numeric code: 13
    Regulator: FED
    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: December 12, 1977
    Last Structure Change Effective Date: September 12, 2006
    Last Structure Change Process Date: October 10, 2006
    Last Data Update: October 10, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 108 South Frontage Road West, Vail, CO 81657
    County: Eagle
    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
    Core Based Statistical Area (CBSA): Edwards, CO (#20780)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $720.8 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
  • 253Total employees (full-time equivalent)
  • $683,447Total assets
  • $20,728Cash and due from depository institutions
  • $11Interest-bearing balances
  • $87,440Securities
  • $10,630Federal funds sold & reverse repurchase agreements
  • $481,511Net loans & leases
  • $4,473Loan loss allowance
  • $0Trading account assets
  • $37,562Bank premises and fixed assets
  • $572Other real estate owned
  • $34,947Goodwill and other intangibles
  • $0Life insurance assets
  • $10,057All other assets
  • $683,447Total liabilities and capital
  • $599,674Total liabilities
  • $554,588Total deposits
  • $419,258Interest-bearing deposits
  • $554,588Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $12,470Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $25,759Other borrowed funds
  • $0Subordinated debt
  • $6,857All other liabilities
  • $83,773Total equity capital
  • $83,773Total bank equity capital
  • $83,773Perpetual preferred stock
  • $0Common stock
  • $784Surplus
  • $61,541Undivided profits
  • Memoranda
  • $21,448Noncurrent loans and leases
  • $125,089Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $124Earning assets
  • $0Long-term assets (5+ years)
  • $2,776Average Assets, year-to-date
  • $579,592Average Assets, quarterly
  • $95,299Volatile liabilities
  • $663,978Insider loans
  • $676,056FHLB advances
  • $63,551Loans and leases held for sale
  • $13,243Unused loan commitments
  • $25,759Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $125,089Total unused commitments
  • $0Restructured Loans and leases
  • $4,473Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $40,563Total interest income
  • $8,793Total interest expense
  • $31,770Net interest income
  • $529Provision for loan and lease losses
  • $6,317Total noninterest income
  • $0Fiduciary activities
  • $2,908Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,409Additional noninterest income
  • $26,720Total noninterest expense
  • $15,758Salaries and employee benefits
  • $5,729Premises and equipment expense
  • $5,233Additional noninterest expense
  • $10,838Pre-tax net operating income
  • $1Securities gains (losses)
  • $3,637Applicable income taxes
  • $7,202Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,202Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$49Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.21%Yield on earning assets
  • 1.56%Cost of funding earning assets
  • 5.65%Net interest margin
  • 1.12%Noninterest income to earning assets
  • 4.75%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.63%Pretax return on assets
  • 8.81%Return on equity (ROE)
  • 6.36%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -1079.59%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 70,053Assets per employee
  • 2.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.77%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 3607.26%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 86.82%Net loans and leases to core deposits
  • 94.96%Equity capital to assets
  • 12.26%Core capital (leverage) ratio
  • 8.06%Tier 1 risk-based capital ratio
  • 9.61%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $663,978Average earning assets
  • $81,732Average equity
  • $562,540Average loans

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