The Bank of Westminster
Westminster, CO · Owner: Westminster Bankshares LTD
$6.5M
total assets, March 31, 1988
$6.5M
total assets, March 31, 1988
The Bank of Westminster was a state member bank in Westminster, CO, owned by Westminster Bankshares LTD. It failed on Jun 22, 1988, and First NB Westminster took over its deposits. At its last report it held $6.52 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1988
This bank failed
- Failed on
- Jun 22, 1988
- Assets
- $6.5M
- Deposits
- $6.6M
- Estimated cost
- $81K
- Deposits went to
- First NB Westminster, Westminster, CO
Total assets
$6.5M
-31.7% in a year · -17.3% in a quarter
Deposits
$6.6M
-28.0% in a year · -14.1% in a quarter
Loans
$4.5M
-37.1% in a year · -19.2% in a quarter
Profit so far
-$146K
Jan 1 to Mar 31, 1988
Capital ratio
-1.98%
-2.15 pts in a year
Return on assets
-8.11%
+8.89 pts in a year
Facts
- Type
- State member bank
- Head office
- 9191 Sheridan Boulevard, Westminster, CO, 80030
- County
- Jefferson
- Holding company
- Westminster Bankshares LTD
- Established
- Jul 30, 1982
- Failed
- Jun 22, 1988
- Employees
- 13
- Id
- b23942
Quarter by quarter
March 31, 1984 to March 31, 1988
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 The Bank of Westminster?
$6.52 million in total assets and $6.64 million in deposits as of March 31, 1988, with assets down 31.7% from a year before. Its loans were $4.46 million.
Is The Bank of Westminster profitable?
No: it lost $146,000 from January 1 to March 31, 1988. Its return on assets was -8.11% a year; about 1% is typical.
Who owns The Bank of Westminster?
The Bank of Westminster is owned by Westminster Bankshares LTD, its holding company.
When did The Bank of Westminster fail?
Jun 22, 1988. First NB Westminster of Westminster, CO took over its deposits. The estimated cost of the failure was $80,613.
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.