The Burns National Bank of Durango in Durango, Colorado (CO)
Table of contents:
| The Burns National Bank of Durango | |
|---|---|
| General | FDIC Certificate #: 3015 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Bank of Colorado (#16980) Federal Reserve ID: 71158 Date Established: May 17, 1910 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) OTS Docket #: 9791 FDIC's unique #: 1913 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: January 01, 1934 Last Structure Change Effective Date: January 21, 2000 Last Structure Change Process Date: March 29, 2000 Last Data Update: March 29, 2000 Data Source Date: April 05, 2012 |
| Location | Address: 1199 Main Avenue, Durango, CO 81301 County: La Plata 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): Durango, CO (#20420) CBSA Micro Statistical Area: Yes |
| Financial Summary | Total assets: $140.1 mil |
| Assets and Liabilities (December 31, 1999) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 60 |
| Total assets | $140,090 |
| Cash and due from depository institutions | $12,249 |
| Interest-bearing balances | $2,867 |
| Securities | $23,775 |
| Federal funds sold & reverse repurchase agreements | $3,007 |
| Net loans & leases | $91,053 |
| Loan loss allowance | $1,951 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $7,549 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $497 |
| All other assets | $1,960 |
| Life insurance assets | $0 |
| Total liabilities and capital | $140,090 |
| Total liabilities | $128,346 |
| Total deposits | $113,685 |
| Interest-bearing deposits | $82,295 |
| Deposits held in domestic offices | $113,685 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $4,723 |
| Trading liabilities | $0 |
| Other borrowed funds | $9,112 |
| Subordinated debt | $0 |
| All other liabilities | $826 |
| Total equity capital | $11,744 |
| Total bank equity capital | $11,744 |
| Perpetual preferred stock | $11,744 |
| Common stock | $0 |
| Surplus | $300 |
| Undivided profits | $5,280 |
| Memoranda | |
| Noncurrent loans and leases | $6,164 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $33,238 |
| Income earned, not collected on loans | $0 |
| Earning assets | $1,949 |
| Long-term assets (5+ years) | $81 |
| Average Assets, year-to-date | $564 |
| Average Assets, quarterly | $120,702 |
| Volatile liabilities | $14,153 |
| Insider loans | $143,412 |
| FHLB advances | $142,716 |
| Loans and leases held for sale | $20,697 |
| Unused loan commitments | $3,697 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $33,238 |
| Restructured Loans and leases | $391 |
| Derivatives | $1,228 |
| Income and Expense (December 31, 1999) (Dollar figures in thousands) | |
| Total interest income | $10,772 |
| Total interest expense | $3,731 |
| Net interest income | $7,041 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $1,068 |
| Fiduciary activities | $24 |
| Service charges on deposit accounts | $616 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $428 |
| Total noninterest expense | $5,356 |
| Salaries and employee benefits | $2,356 |
| Premises and equipment expense | $557 |
| Additional noninterest expense | $2,443 |
| Pre-tax net operating income | $2,753 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $921 |
| Income before extraordinary items | $1,832 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,832 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $117 |
| Net operating income | $2,986 |
| Performance and Condition Ratios (December 31, 1999) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 8.59% |
| Cost of funding earning assets | 2.98% |
| Net interest margin | 5.62% |
| Noninterest income to earning assets | 0.85% |
| Noninterest expense to earning assets | 4.27% |
| Net operating income to assets | 1.28% |
| Return on assets (ROA) | 1.28% |
| Pretax return on assets | 1.92% |
| Return on equity (ROE) | 14.32% |
| Retained earnings to average equity (YTD only) | -9.02% |
| Net charge-offs to loans | 0.12% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 23.53% |
| Assets per employee | $64,916 |
| Cash dividends to net income (YTD only) | 2.33% |
| Condition Ratios (%) | |
| Loss allowance to loans | 162.99% |
| Loss allowance to noncurrent loans | 2.10% |
| Noncurrent assets plus other real estate owned to assets | 100.10% |
| Noncurrent loans to loans | 1.39% |
| Net loans and leases to deposits | 2.10% |
| Net loans and leases to core deposits | 80.09% |
| Equity capital to assets | 88.65% |
| Core capital (leverage) ratio | 8.38% |
| Tier 1 risk-based capital ratio | 7.98% |
| Total risk-based capital ratio | 11.64% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $143,412 |
| Average equity | $12,795 |
| Average loans | $125,360 |
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