FDIC Certificate #: 34522 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:First-Citizens Bank & Trust Company (#11063) Federal Reserve ID: 2595461 Date Established: April 20, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 15778 FDIC's unique #: 59029 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: April 20, 1998 Last Structure Change Effective Date: July 08, 2011 Last Structure Change Process Date: July 11, 2011 Last Data Update: July 11, 2011 Data Source Date: April 05, 2012
Location
Address: 7505 Village Square Drive, Suite 101, Castle Rock, CO 80104 County: Douglas Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Denver, CO (#2080) Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34) Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216) Core Based Statistical Area (CBSA): Denver-Aurora-Broomfield, CO (#19740) CBSA Metro Statistical Area: Denver-Aurora-Broomfield, CO (#19740)
Financial Summary
Total assets: $665.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
165Total employees (full-time equivalent)
$919,148Total assets
$218,743Cash and due from depository institutions
$217,070Interest-bearing balances
$55,356Securities
$0Federal funds sold & reverse repurchase agreements
$617,550Net loans & leases
$36,691Loan loss allowance
$0Trading account assets
$6,671Bank premises and fixed assets
$8,684Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$12,144All other assets
$919,148Total liabilities and capital
$884,384Total liabilities
$856,628Total deposits
$780,039Interest-bearing deposits
$856,628Deposits held in domestic offices
67.63%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$25,319Other borrowed funds
$0Subordinated debt
$2,437All other liabilities
$34,764Total equity capital
$34,764Total bank equity capital
$34,764Perpetual preferred stock
$0Common stock
$1,250Surplus
$76,320Undivided profits
Memoranda
$-42,806Noncurrent loans and leases
$43,044Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$103,231Earning assets
$0Long-term assets (5+ years)
$3,061Average Assets, year-to-date
$889,976Average Assets, quarterly
$46,375Volatile liabilities
$889,545Insider loans
$919,166FHLB advances
$463,961Loans and leases held for sale
$11,441Unused loan commitments
$15,000Tier 1 (core) risk-based capital
$20,140Tier 2 risk-based capital
$13,760Total risk weighted assets
$43,044Total unused commitments
$34,516Restructured Loans and leases
$8,008Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$40,572Total interest income
$11,262Total interest expense
$29,310Net interest income
$35,026Provision for loan and lease losses
$5,629Total noninterest income
$769Fiduciary activities
$112Service charges on deposit accounts
$0Trading account gains & fees
$4,748Additional noninterest income
$35,381Total noninterest expense
$20,106Salaries and employee benefits
$4,471Premises and equipment expense
$10,804Additional noninterest expense
-$35,468Pre-tax net operating income
$0Securities gains (losses)
-$705Applicable income taxes
-$34,763Income before extraordinary items
$0Extraordinary gains - net
-$34,763Net income attributable to bank
$0Net charge-offs
-$34,763Cash dividends
$17,049Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.75%Yield on earning assets
1.32%Cost of funding earning assets
3.43%Net interest margin
0.66%Noninterest income to earning assets
4.14%Noninterest expense to earning assets
-3.91%Net operating income to assets
-3.91%Return on assets (ROA)
-3.99%Pretax return on assets
-58.02%Return on equity (ROE)
-58.02%Retained earnings to average equity (YTD only)
2.41%Net charge-offs to loans
205.44%Credit loss provision to net charge-offs
-0.03%Efficiency ratio
101,265Assets per employee
5.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.61%Loss allowance to noncurrent loans
35.54%Noncurrent assets plus other real estate owned to assets
12.18%Noncurrent loans to loans
15.78%Net loans and leases to deposits
72.09%Net loans and leases to core deposits
155.31%Equity capital to assets
3.78%Core capital (leverage) ratio
3.73%Tier 1 risk-based capital ratio
5.62%Total risk-based capital ratio
Memoranda
$7Average assets
$889,545Average earning assets
$59,918Average equity
$854,489Average loans
Total Fiduciary and Related Assets (December 31, 2010)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$105,118Managed Assets
1Number of Accounts
$96,468Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$96,468Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
343Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$8,650Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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