Park National Bank in Estes Park, Colorado (CO)



Table of contents:
Park National Bank
GeneralFDIC Certificate #: 26706
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Amfirst Bank, National Association (#5417)
Federal Reserve ID: 77459
Date Established: June 20, 1986
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
OTS Docket #: 8966
FDIC's unique #: 35771
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: June 20, 1986
Last Structure Change Effective Date: June 23, 2000
Last Structure Change Process Date: July 06, 2000
Last Data Update: July 06, 2000
Data Source Date: April 05, 2012
LocationAddress: 533 Big Thompson Avenue, Estes Park, CO 80517
County: Larimer
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): Fort Collins-Loveland, CO (#2670)
Core Based Statistical Area (CBSA): Fort Collins-Loveland, CO (#22660)
CBSA Metro Statistical Area: Fort Collins-Loveland, CO (#22660)
Financial SummaryTotal assets: $31.8 mil

1992 - 1999 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, 1999)
(Dollar figures in thousands)
Total employees (full-time equivalent)14
Total assets$33,015
Cash and due from depository institutions$938
Interest-bearing balances$147
Securities$9,331
Federal funds sold & reverse repurchase agreements$3,825
Net loans & leases$13,403
Loan loss allowance $65
Trading account assets$0
Bank premises and fixed assets$1,286
Other real estate owned$0
Goodwill and other intangibles$3,674
All other assets$558
Life insurance assets$0
Total liabilities and capital$33,015
Total liabilities$27,101
Total deposits$26,526
Interest-bearing deposits$21,726
Deposits held in domestic offices$26,526
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $500
Subordinated debt $0
All other liabilities $75
Total equity capital$5,914
Total bank equity capital$5,914
Perpetual preferred stock$5,914
Common stock$0
Surplus$500
Undivided profits $5,480
Memoranda
Noncurrent loans and leases $-66
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,362
Income earned, not collected on loans $0
Earning assets $210
Long-term assets (5+ years) $0
Average Assets, year-to-date $96
Average Assets, quarterly $26,706
Volatile liabilities $992
Insider loans $30,102
FHLB advances $31,797
Loans and leases held for sale $731
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $1,362
Restructured Loans and leases $0
Derivatives$65
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Income and Expense (December 31, 1999)
(Dollar figures in thousands)
Total interest income $297
Total interest expense $90
Net interest income $207
Provision for loan and lease losses $0
Total noninterest income $21
Fiduciary activities $0
Service charges on deposit accounts $15
Trading account gains & fees $0
Additional noninterest income $6
Total noninterest expense $653
Salaries and employee benefits $547
Premises and equipment expense $21
Additional noninterest expense $85
Pre-tax net operating income -$425
Securities gains (losses) $0
Applicable income taxes -$150
Income before extraordinary items -$275
Extraordinary gains - net $0
Net income attributable to bank -$275
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1999)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets1.12%
Cost of funding earning assets 0.34%
Net interest margin 0.78%
Noninterest income to earning assets 0.08%
Noninterest expense to earning assets 2.47%
Net operating income to assets -0.91%
Return on assets (ROA) -0.91%
Pretax return on assets -1.41%
Return on equity (ROE) -8.61%
Retained earnings to average equity (YTD only) -8.61%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$272,807
Cash dividends to net income (YTD only)2.36%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.48%
Noncurrent assets plus other real estate owned to assets 30.95%
Noncurrent loans to loans 0.64%
Net loans and leases to deposits1.56%
Net loans and leases to core deposits 50.53%
Equity capital to assets 51.96%
Core capital (leverage) ratio 17.91%
Tier 1 risk-based capital ratio 7.59%
Total risk-based capital ratio 14.01%
Memoranda
Average assets$14
Average earning assets$30,102
Average equity $3,194
Average loans $26,480
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