FDIC Certificate #: 26460 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 1005860 Date Established: December 06, 1985 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 16052 FDIC's unique #: 33115 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: December 06, 1985 Last Structure Change Effective Date: October 16, 2010 Last Structure Change Process Date: October 25, 2010 Last Data Update: October 25, 2010 Data Source Date: April 05, 2012
Location
Address: 7403 West Chatfield Avenue, Unit C, Littleton, CO 80128 County: Jefferson 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: $360.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
49Total employees (full-time equivalent)
$333,748Total assets
$4,185Cash and due from depository institutions
$36Interest-bearing balances
$177,227Securities
$6,942Federal funds sold & reverse repurchase agreements
$132,058Net loans & leases
$2,944Loan loss allowance
$0Trading account assets
$8,425Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,911All other assets
$333,748Total liabilities and capital
$312,672Total liabilities
$311,269Total deposits
$276,909Interest-bearing deposits
$311,269Deposits held in domestic offices
83.30%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,403All other liabilities
$21,076Total equity capital
$21,076Total bank equity capital
$21,076Perpetual preferred stock
$0Common stock
$1,260Surplus
$2,660Undivided profits
Memoranda
$17,156Noncurrent loans and leases
$21,206Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,842Earning assets
$0Long-term assets (5+ years)
$1,498Average Assets, year-to-date
$316,263Average Assets, quarterly
$161,125Volatile liabilities
$308,601Insider loans
$320,787FHLB advances
$56,932Loans and leases held for sale
$439Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$21,206Total unused commitments
$2,173Restructured Loans and leases
$2,086Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$15,945Total interest income
$3,920Total interest expense
$12,025Net interest income
$1,675Provision for loan and lease losses
$2,049Total noninterest income
$0Fiduciary activities
$1,202Service charges on deposit accounts
$0Trading account gains & fees
$847Additional noninterest income
$7,914Total noninterest expense
$3,125Salaries and employee benefits
$1,564Premises and equipment expense
$3,225Additional noninterest expense
$4,485Pre-tax net operating income
$1Securities gains (losses)
$1,509Applicable income taxes
$2,977Income before extraordinary items
$0Extraordinary gains - net
$2,977Net income attributable to bank
$0Net charge-offs
$2,977Cash dividends
$653Sale, conversion, retirement of capital stock, net
$1,650Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.46%Yield on earning assets
1.34%Cost of funding earning assets
4.12%Net interest margin
0.70%Noninterest income to earning assets
2.71%Noninterest expense to earning assets
0.96%Net operating income to assets
0.96%Return on assets (ROA)
1.45%Pretax return on assets
14.41%Return on equity (ROE)
6.42%Retained earnings to average equity (YTD only)
0.50%Net charge-offs to loans
256.51%Credit loss provision to net charge-offs
9.43%Efficiency ratio
56,231Assets per employee
6.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
55.42%Loss allowance to loans
2.18%Loss allowance to noncurrent loans
159.83%Noncurrent assets plus other real estate owned to assets
0.55%Noncurrent loans to loans
1.36%Net loans and leases to deposits
42.43%Net loans and leases to core deposits
51.92%Equity capital to assets
6.31%Core capital (leverage) ratio
6.40%Tier 1 risk-based capital ratio
12.41%Total risk-based capital ratio
Memoranda
$14Average assets
$308,601Average earning assets
$20,663Average equity
$292,151Average loans
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