The Citizens State Bank Of Cortez
Cortez, CO — Domestic Branch of a Domestic Bank
Acquired Oct 2013
Vitals
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Total Assets76.6M 0.9 %
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Total Deposits65.6M 1.2 %
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Total Net Loans46.7M 4.8 %
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Net Income-218000.0000 -222.5 %
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Book Value8.9M -2.5 %
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Book Value x217.8M -2.5 %
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Book Value x326.7M -2.5 %
Balance Sheet Highlights
| Financial Highlights | The Citizens State Bank Of Cortez | All Insured Commercial Banks in Colorado |
| Balance Sheet $(000) | ||
| Total Assets | 76,625 | 264,146 |
| Total Net Loans | 46,677 | 142,134 |
| Total Deposits | 65,562 | 225,535 |
| Total Equity | 8,914 | 27,774 |
| Profitability | ||
| Net Income | -218 | 1,640 |
| Return on Average Assets | -.374 | .731 |
| Return on Average Equity | -3.202 | 6.581 |
| Net Interest Margin | 3.33 | 3.784 |
| Efficiency Ratio | 96.92 | 77.439 |
| Noninterest Income/Revenue | 19.106 | 21.509 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 71.195 | 63.399 |
| Securities/Assets | .149 | .234 |
| Total Equity/Total Assets | .116 | .105 |
| Tangible Equity/Tangible Assets | .116 | .101 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 8,914 | 25,936 |
| Tier 2 Capital | 630 | 1,912 |
| Total Capital | 9,544 | 27,859 |
| Total Risk Weighted Assets | 50,100 | 169,521 |
| Leverage Ratio | 11.5 | 10.088 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 17.79 | 16.995 |
| Total Capital Ratio | 19.05 | 18.182 |
Timeline for The Citizens State Bank Of Cortez
Four Corners Community Bank
The Citizens State Bank Of Cortez was acquired by Four Corners Community Bank 10 years
View Profile Oct 01 2013
Community Bankshares, Inc.
Community Bankshares, Inc. became a new parent organization for The Citizens State Bank Of Cortez.
View Profile Apr 02 2007
Citizens Financial Corporation
Citizens Financial Corporation became a new parent organization for The Citizens State Bank Of Cortez.
View Profile Jun 23 2000
Martin Agency, Inc.
Martin Agency, Inc. became a new subsidiary organization for The Citizens State Bank Of Cortez.
View Profile Oct 01 1997
Citizens State Mortgage Company
Citizens State Mortgage Company became a new subsidiary organization for The Citizens State Bank Of Cortez.
View Profile Sep 01 1997
Want to see more?
Complete timeline for The Citizens State Bank Of Cortez is available.
View Complete Timeline| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Four Corners Community Bank | Buyer | 322,555 | Acquisition | Discontinued | 10/1/2013 |
| Relationships | Role | Relationship Start | Relationship End |
| Community Bankshares, Inc. | Parent | 4/2/2007 | 9/30/2013 |
| Citizens Financial Corporation | Parent | 6/23/2000 | 4/1/2007 |
| Cortez Investment Co. | Parent | 5/4/2000 | 6/22/2000 |
| Cortez Investment Co. | Parent | 4/20/2000 | 5/3/2000 |
| Cortez Investment Co. | Parent | 3/18/1999 | 4/19/2000 |
| Cortez Investment Co. | Parent | 10/1/1997 | 3/17/1999 |
| Cortez Investment Co. | Parent | 11/3/1995 | 9/30/1997 |
| Cortez Investment Co. | Parent | 3/29/1995 | 11/2/1995 |
| Cortez Investment Co. | Parent | 12/31/1970 | 3/28/1995 |
| Citizens State Mortgage Company | Subsidary | 6/30/2007 | 11/1/2007 |
| Citizens State Mortgage Company | Subsidary | 9/1/1997 | 6/29/2007 |
| Martin Agency, Inc. | Subsidary | 10/1/1997 | 3/31/2004 |
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