Mesa National Bank
Grand Junction, CO — Domestic Branch of a Domestic Bank
Acquired Feb 2004
Vitals
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Total Assets320.4M 2.7 %
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Total Deposits259.5M 1.9 %
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Total Net Loans255.0M 14.5 %
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Net Income6.5M 63.9 %
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Book Value29.5M 6.8 %
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Book Value x259.0M 6.8 %
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Book Value x388.4M 6.8 %
Balance Sheet Highlights
Financial Highlights | Mesa National Bank | All Insured Commercial Banks in Colorado |
Balance Sheet $(000) | ||
Total Assets | 320,427 | 154,878 |
Total Net Loans | 254,986 | 104,579 |
Total Deposits | 259,542 | 131,356 |
Total Equity | 29,479 | 14,378 |
Profitability | ||
Net Income | 6,533 | 2,782 |
Return on Average Assets | 2.052 | 1.359 |
Return on Average Equity | 22.455 | 15.646 |
Net Interest Margin | 5.074 | 4.567 |
Efficiency Ratio | 62.902 | 65.768 |
Noninterest Income/Revenue | 19.648 | 18.029 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 98.245 | 69.678 |
Securities/Assets | .129 | .573 |
Total Equity/Total Assets | .092 | .093 |
Tangible Equity/Tangible Assets | .092 | .032 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 28,992 | 12,901 |
Tier 2 Capital | 3,361 | 1,296 |
Total Capital | 32,353 | 13,891 |
Total Risk Weighted Assets | 267,778 | 94,741 |
Leverage Ratio | 9 | 9.006 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 10.83 | 14.926 |
Total Capital Ratio | 12.08 | 15.937 |
Timeline for Mesa National Bank
Sturm Financial Group, Inc.
Sturm Financial Group, Inc. became a new parent organization for Mesa National Bank.
View Profile Mar 01 2002Sturm Banks Of Colorado, Inc.
Sturm Banks Of Colorado, Inc. became a new parent organization for Mesa National Bank.
View Profile Feb 28 1994Mesa National Bank - Montrose
Acquisition: Mesa National Bank acquired a new subsidiary, Mesa National Bank - Montrose, 32 years
View Profile Aug 01 1991Mesa National Bank - Glenwood Springs
Acquisition: Mesa National Bank acquired a new subsidiary, Mesa National Bank - Glenwood Springs, 32 years
View Profile Aug 01 1991Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Anb Bank | Buyer | 2,585,598 | Pooling of Interests | Discontinued | 2/14/2004 |
Mesa National Bank - Montrose | Seller | 6,359 | Discontinued | 8/1/1991 | |
Mesa National Bank - Glenwood Springs | Seller | 5,444 | Discontinued | 8/1/1991 | |
Mesa National Bank - Clifton | Seller | 11,832 | Discontinued | 8/1/1991 | |
Mesa National Bank - Rifle | Seller | 14,389 | Discontinued | 8/1/1991 | |
Mesa National Bank - Patterson | Seller | 9,133 | Discontinued | 8/1/1991 | |
Mesa Federal Savings And Loan Association Of Colorado | Seller | 104,308 | Failure | 2/3/1990 | |
Valley Federal Savings And Loan Association | Seller | 57,937 | Failure | 2/3/1990 |
Relationships | Role | Relationship Start | Relationship End |
Sturm Financial Group, Inc. | Parent | 3/1/2002 | 2/13/2004 |
Sturm Banks Of Colorado, Inc. | Parent | 2/28/1994 | 2/28/2002 |
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