mi 1.1 1 c-2. COLORADO STATE PUBLICATIONS LIBRARY EIGHTY-THIRD 3 799 00126 0652 ANNUAL REPORT 1 OF THE STATE BANK COMMISSIONER OF THE STATE OF COLORADO To His Excellency ROY ROMER The Governor ofthe State of Colorado For the period from January 1, 1992 to December 31, 1992 TABLE OF CONTENTS Letter to Governor Romer i Colorado State Banking Board ii Divieion of Banking Personnel iii COMMERCIAL BANKS Loan Reporting Information 1 .... De Novo Bank Charters Approved and Bank Conversions 2 Branches (through acquisition) 3 Branches (through merger and/or conversion) 4 De Novo Branches in Depressed Areas 4 Closures 5 Commercial Bank Rules 6 Abstract 17 Statements of Condition 18 INDUSTRIAL BANKS Industrial Bank Closures 176 Industrial Bank Rules 177 Abstract 190 Stscements of Condition 191 TRUST COMPANIES Trust Company Rules 198 Abstract 200 Statements of Condition 201 PUBLIC DEPOSIT PROTECTION ACT PDPA Rules 210 ..... Money Order Rules 217 Index 221 STATE OF COLORADO DepartmentofRegulatoryAgencies Steven V Berson £recuiive Director DIVISION OF BANKING BarbaraMA Walker Stale BankCommissioner JamesT Dillon ChiefDeputyBankCommissioner December 31, 1992 The Honorable Roy Romer Governor, State of Colorado State Capitol, Room 103 Denver, Colorado 80203 Dear Governor Romer: I am honored to submit this Annual Report of Condition for all state chartered commercial banks, industrial banks, and state chartered trust companies, as required by the provisions of Colorado Revised Statutes, Sections 11-2-110, 11-22-109.6, and 11-23-118, respectively. With interest rates at historic lows, the U.S. banking industry, including Colorado's, registered a record profit during 1992, while at the same time making remarkable improvements in asset quality. During the year, the number of problem financial institutions needing special supervisory oversight continued to decrease dramatically. These positive trends are expected to continue into 1993. The 157 state chartered commercial banks reported total deposits of $5,646,424,000 and total assets of $6,315,170,000, as of December 31, 1992. Assets increased by 9 percent over those reported in 1991. At the end of 1991, there were 161 state chartered commercial banks with total assets of $5,738,849,000 and total deposits of $5,157,192,000. The 7 state chartered industrial banks reported total deposits of $249,379,000 and total assets of $299,189,000 as of December 31, 1992. Assets decreased 8 percent since 1991, at which time the 12 state chartered industrial banks reported total assets of $323,613,000. At year end 1991, the industrial bank's deposits totaled $249,325,000. Colorado has 9 state chartered trust companies which reported total assets of $1,266,952,000 and total deposits of $1,126,019,000 as of December 31, 1992. Assets increased 96 percent since 1991, at which time the 8 state chartered trust companies reported total assets of $646,432,000. Prior to 1991, Colorado law did not authorize state chartered trust companies to accept deposits. Also included in this report are all rules and regulations adopted by the Colorado State Banking Board during 1992, and the dollar amount and geographic distribution of Colorado loans outstanding by state chartered commercial banks conducting business in Colorado. The outstanding loans are reported in accordance with Colorado Revised Statutes, Sections 11-7-107 and 11-7-112. Barbara M.A. Walker State Bank Commissioner 1560 Broadway, Suite 1175, Denver,CO 80202 (303) 894-7575 POPA (303) 894-7572 FAX (303) 894-7570 i COLORADO STATE BANKING BOARD Sandra J. Herzog Chairman Term Expires July 1, 1995 Salvador Gomez Term Expires July 1, 1995 R. Kent Landmark Term Expires July 1, 1993 William A. Mitchell Term Expires July 1, 1995 Mary L Mohr Term Expires July 1, 1993 Jerald Starks Term Expires July 1, 1993 Penfield W. Tate, IH Term Expires July 1, 1995 Robert J. Young Term Expires July 1, 1995 Legal Counsel Richard H. Forman Sherri Vincent Assistant Attorneys General ii DIVISION OF BANKING Barbara M.A. Walker State Bank Commissioner James T. Dillon Chief Deputy Bank Commissioner J.D. Chatman Kenneth R. Ehrich Louise Fish Lee B. Woodbury Supervising Examiners Morris Augusta Special Action Bank Supervisor Sr. Financial Institutions Examiner Sue C. Johnston Staff Assistant to Board and Commissioner Robert Kissel Leonard A. Reish EDP Auditor II Walter Eptmg Michael R. Mitchell Robert Hinton E. Earl Penwell Kenneth Malskeit John Wood Sr. Financial Institutions Examiners Milad G. Fam Thomas E. Rockwell Daniel A. Gloekler Raymond Schom Victor A. Hangar Robert L. Smith R. Charles Krieger Richard W. Thomason Ronald R. Roberts G. John Uebelhoer Financial Institutions Examiners ADMINISTRATIVE SECTION Barbara J. Einspahr Clerical Supervisor HI Elizabeth J. Arenas Laudis Costa Senior Secretary Word Processor B Gloria Montez Jack Rhoads Word Processor B Accounting Technician I-B Peter Walker Administrative Clerk PDPA-COMPLIANCE-TRUST Cynthia Chamberlin Program Administrator II Randy Garroutte Virginia Greenwalt-Belmain Trust Trust Margaret Chalmers David C. Webb PDPA Compliance Linda Hunter Vivian Mooren Sr. Administrative Clerk Administrative Clerk iii Digitized by the Internet Archive 2016 in https://archive.org/details/annualreportofst1992stat . LOANS OUTSTANDING BY COLORADO BANKS AS OF JUNE 30, 1992 (000 OMITTED) This information is submitted in compliance with Section 11-25-107 and 11-25-112, Colorado Revised Statutes. A loan is outstanding in a geographical area if the address of the borrower is in that area. A loan is outstanding in Colorado if the address of one or more of the borrowers or a substantial portion of the collateral is located in Colorado. Loans exclude federal funds and amounts outstanding on bank credit or debit cards Percent of Total Loans Outstanding Loans Outstanding Total Dollar Amount of Loans Outstanding $12,472,626 100% Total Dollar Amount of Loans Outstanding in Colorado 11,524,640 92.4% Total Dollar Amount of Loans Outstanding in Adjacent States (Utah, Kansas, Wyoming, Nebraska, Arizona, New Mexico, Oklahoma) 260,066 2.1% Total Dollar Amount of Loans Outstanding in Remaining States and Territories of United States 650,025 5.2% Total Dollar Amount of Loans Outstanding in Countries or Territories Outside of United States 37,895 .3% 1 DE NOVO COMMERCIAL BANK CHARTERS APPROVED CB # Bank Name/Location Date Anoroved Date Ooened 649 First Choice of Greeley 11/21/91 07/01/92 Weld County Greeley, Colorado COMMERCIAL BANK CONVERSIONS: NATIONAL TO STATE CB # Bank Name/ Location Date Aooroved Date Ooened bAl Boulder Valley Bank & Trust 01/20/92 04/06/92 Boulder County Boulder, Colorado 648 Eagle Bank 01/20/92 06/04/92 Boulder County Broomfield, Colorado 646 Centennial Bank 11/21/91 03/31/92 Arapahoe County Englewood, Colorado COMMERCIAL BANK CONVERSIONS: INDUSTRIAL TO COMMERCIAL CB # Bank Name/Location Date ADoroved Date Ooened 651 Castle Rock Bank 04/16/92 07/20/92 Douglas County Castle Rock, Colorado 650 ARK Valley Independent Bank 04/16/92 07/20/92 Otero County La Junta, Colorado COMMERCIAL BANK CONVERSIONS: STATE TO NATIONAL CB # Bank Name/^oc^tipn Date Effective 568 Pueblo Boulevard Bank 11/02/92 Pueblo County Pueblo, Colorado 2