Citizens National Bank
Colorado Springs, CO
$18.3M
total assets, December 31, 1987
$18.3M
total assets, December 31, 1987
Citizens National Bank was a national bank in Colorado Springs, CO. It failed on Apr 21, 1988, and State B&T Of Co Springs took over its deposits. At its last report it held $18.3 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1987
This bank failed
- Failed on
- Apr 21, 1988
- Assets
- $18.3M
- Deposits
- $18.4M
- Estimated cost
- $7.4M
- Deposits went to
- State B&T Of Co Springs, Colorado Springs, CO
Total assets
$18.3M
-20.8% in a year · -8.3% in a quarter
Deposits
$18.4M
-12.8% in a year · -7.7% in a quarter
Loans
$14.8M
-17.5% in a year · -8.4% in a quarter
Profit so far
-$2.4M
Jan 1 to Dec 31, 1987
Capital ratio
-3.92%
-11.22 pts in a year
Return on assets
-11.42%
-11.18 pts in a year
Facts
- Type
- National bank
- Head office
- 117 South Nevada, Colorado Springs, CO, 80901
- County
- El Paso
- Established
- Feb 13, 1978
- Failed
- Apr 21, 1988
- Employees
- 17
- Id
- b22611
Quarter by quarter
March 31, 1984 to December 31, 1987
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Citizens National Bank?
$18.3 million in total assets and $18.4 million in deposits as of December 31, 1987, with assets down 20.8% from a year before. Its loans were $14.8 million.
Is Citizens National Bank profitable?
No: it lost $2.44 million from January 1 to December 31, 1987. Its return on assets was -11.42% a year; about 1% is typical.
When did Citizens National Bank fail?
Apr 21, 1988. State B&T Of Co Springs of Colorado Springs, CO took over its deposits. The estimated cost of the failure was $7.40 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.