First Security Bank of Craig in Craig, Colorado (CO)
Table of contents:
| First Security Bank of Craig | |
|---|---|
| General | FDIC Certificate #: 27439 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Imperial Bank (#18835) Federal Reserve ID: 1359200 Date Established: September 21, 1988 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) OTS Docket #: 14108 FDIC's unique #: 39932 Numeric code: 13 Regulator: FED 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: September 21, 1988 Last Structure Change Effective Date: November 16, 1998 Last Structure Change Process Date: December 03, 1998 Last Data Update: December 03, 1998 Data Source Date: April 05, 2012 |
| Location | Address: 250 West Victory Way, Craig, CO 81625 County: Moffat 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: $44.0 mil |
| Assets and Liabilities (December 31, 1997) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 21 |
| Total assets | $41,103 |
| Cash and due from depository institutions | $1,741 |
| Interest-bearing balances | $0 |
| Securities | $13,950 |
| Federal funds sold & reverse repurchase agreements | $500 |
| Net loans & leases | $23,790 |
| Loan loss allowance | $951 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $499 |
| Other real estate owned | $25 |
| Goodwill and other intangibles | $0 |
| All other assets | $598 |
| Life insurance assets | $0 |
| Total liabilities and capital | $41,103 |
| Total liabilities | $38,044 |
| Total deposits | $37,163 |
| Interest-bearing deposits | $32,920 |
| Deposits held in domestic offices | $37,163 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $87 |
| Trading liabilities | $0 |
| Other borrowed funds | $500 |
| Subordinated debt | $0 |
| All other liabilities | $294 |
| Total equity capital | $3,059 |
| Total bank equity capital | $3,059 |
| Perpetual preferred stock | $3,059 |
| Common stock | $0 |
| Surplus | $100 |
| Undivided profits | $400 |
| Memoranda | |
| Noncurrent loans and leases | $2,559 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $0 |
| Earning assets | $1,067 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $311 |
| Average Assets, quarterly | $38,240 |
| Volatile liabilities | $2,969 |
| Insider loans | $42,250 |
| FHLB advances | $41,450 |
| Loans and leases held for sale | $6,210 |
| Unused loan commitments | $53 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $2,699 |
| Restructured Loans and leases | $0 |
| Derivatives | $27,316 |
| Income and Expense (December 31, 1997) (Dollar figures in thousands) | |
| Total interest income | $3,637 |
| Total interest expense | $1,437 |
| Net interest income | $2,200 |
| Provision for loan and lease losses | $1,891 |
| Total noninterest income | $509 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $377 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $132 |
| Total noninterest expense | $1,548 |
| Salaries and employee benefits | $712 |
| Premises and equipment expense | $154 |
| Additional noninterest expense | $682 |
| Pre-tax net operating income | -$730 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$312 |
| Income before extraordinary items | -$418 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$418 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $1,401 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 1997) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 9.38% |
| Cost of funding earning assets | 3.71% |
| Net interest margin | 5.67% |
| Noninterest income to earning assets | 1.31% |
| Noninterest expense to earning assets | 3.99% |
| Net operating income to assets | -0.99% |
| Return on assets (ROA) | -0.99% |
| Pretax return on assets | -1.73% |
| Return on equity (ROE) | -13.12% |
| Retained earnings to average equity (YTD only) | -13.12% |
| Net charge-offs to loans | 5.02% |
| Credit loss provision to net charge-offs | 134.98% |
| Efficiency ratio | 0.83% |
| Assets per employee | $57,143 |
| Cash dividends to net income (YTD only) | 1.96% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.84% |
| Noncurrent assets plus other real estate owned to assets | 89.13% |
| Noncurrent loans to loans | 2.66% |
| Net loans and leases to deposits | 4.31% |
| Net loans and leases to core deposits | 64.02% |
| Equity capital to assets | 75.43% |
| Core capital (leverage) ratio | 7.44% |
| Tier 1 risk-based capital ratio | 7.16% |
| Total risk-based capital ratio | 11.09% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $42,250 |
| Average equity | $3,187 |
| Average loans | $38,772 |
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