First United Bank, National Association - Overview
General
FDIC Certificate #: 24312 Status: Inactive Closing history: Change in Location Acquiring institution:CoreFirst Bank & Trust (#18100) Federal Reserve ID: 938653 Date Established: January 12, 1983 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 11 (Interstate: No) FDIC's unique #: 16913 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 12, 1983 Last Structure Change Effective Date: September 21, 2007 Last Structure Change Process Date: October 03, 2007 Last Data Update: October 03, 2007 Data Source Date: April 05, 2012
Location
Address: 8310 South Valley Highway, 3rd Floor, Englewood, CO 80112 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)
History of Changes
Merger - Without Assistance
Office Sold
Change in Location
Financial Summary
Total assets: $189.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
91Total employees (full-time equivalent)
$178,336Total assets
$3,654Cash and due from depository institutions
$0Interest-bearing balances
$696Securities
$12,044Federal funds sold & reverse repurchase agreements
$132,588Net loans & leases
$3,864Loan loss allowance
$0Trading account assets
$23,257Bank premises and fixed assets
$1,975Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,122All other assets
$178,336Total liabilities and capital
$158,343Total liabilities
$154,975Total deposits
$116,893Interest-bearing deposits
$154,975Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,243Other borrowed funds
$0Subordinated debt
$1,125All other liabilities
$19,993Total equity capital
$19,993Total bank equity capital
$19,993Perpetual preferred stock
$0Common stock
$2,500Surplus
$10,632Undivided profits
Memoranda
$6,861Noncurrent loans and leases
$30,845Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9,587Earning assets
$0Long-term assets (5+ years)
$862Average Assets, year-to-date
$145,328Average Assets, quarterly
$4,163Volatile liabilities
$176,576Insider loans
$178,807FHLB advances
$25,042Loans and leases held for sale
$0Unused loan commitments
$2,243Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$30,845Total unused commitments
$0Restructured Loans and leases
$2,071Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$13,850Total interest income
$3,795Total interest expense
$10,055Net interest income
$2,386Provision for loan and lease losses
$2,207Total noninterest income
$0Fiduciary activities
$827Service charges on deposit accounts
$0Trading account gains & fees
$1,380Additional noninterest income
$10,785Total noninterest expense
$6,245Salaries and employee benefits
$1,786Premises and equipment expense
$2,754Additional noninterest expense
-$909Pre-tax net operating income
$0Securities gains (losses)
-$336Applicable income taxes
-$573Income before extraordinary items
$0Extraordinary gains - net
-$573Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$111Sale, conversion, retirement of capital stock, net
$590Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.45%Yield on earning assets
2.59%Cost of funding earning assets
6.86%Net interest margin
1.51%Noninterest income to earning assets
7.36%Noninterest expense to earning assets
-0.32%Net operating income to assets
-0.32%Return on assets (ROA)
-0.51%Pretax return on assets
-2.72%Return on equity (ROE)
-5.52%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
2149.55%Credit loss provision to net charge-offs
13.31%Efficiency ratio
87,955Assets per employee
1.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
-102.97%Loss allowance to loans
2.83%Loss allowance to noncurrent loans
40.30%Noncurrent assets plus other real estate owned to assets
6.48%Noncurrent loans to loans
7.03%Net loans and leases to deposits
85.55%Net loans and leases to core deposits
102.04%Equity capital to assets
11.21%Core capital (leverage) ratio
11.32%Tier 1 risk-based capital ratio
12.22%Total risk-based capital ratio
Memoranda
$13Average assets
$176,576Average earning assets
$21,087Average equity
$146,573Average loans
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