$10.1M
total assets, September 30, 1986
First Charter Bank was a state member bank in Denver, CO. It failed on Jan 15, 1987, and Century BANK&TRUST took over its deposits. At its last report it held $10.1 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1986
This bank failed
- Failed on
- Jan 15, 1987
- Assets
- $10.1M
- Deposits
- $9.3M
- Estimated cost
- $3.0M
- Deposits went to
- Century BANK&TRUST, Denver, CO
Total assets
$10.1M
-24.8% in a year · -5.0% in a quarter
Deposits
$9.3M
-23.6% in a year · -3.7% in a quarter
Loans
$8.1M
-25.0% in a year · -5.5% in a quarter
Profit so far
-$313K
Jan 1 to Sep 30, 1986 · -2507.7% in a year
Capital ratio
7.07%
-0.26 pts in a year
Return on assets
-3.62%
-3.75 pts in a year
Facts
- Type
- State member bank
- Head office
- 234 Columbine Street, Denver, CO, 80206
- County
- Denver
- Established
- Jun 1, 1982
- Failed
- Jan 15, 1987
- Employees
- 11
- Id
- b23829
Quarter by quarter
March 31, 1984 to September 30, 1986
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 11
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Charter Bank?
$10.1 million in total assets and $9.35 million in deposits as of September 30, 1986, with assets down 24.8% from a year before. Its loans were $8.12 million.
Is First Charter Bank profitable?
No: it lost $313,000 from January 1 to September 30, 1986. Its return on assets was -3.62% a year; about 1% is typical.
When did First Charter Bank fail?
Jan 15, 1987. Century BANK&TRUST of Denver, CO took over its deposits. The estimated cost of the failure was $2.96 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.