FDIC Certificate #: 26635 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 538352 Date Established: March 27, 1986 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 11098 FDIC's unique #: 35367 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: March 27, 1986 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: 8800 Wadsworth Boulevard, Westminster, CO 80020 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: $482.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
70Total employees (full-time equivalent)
$443,347Total assets
$5,295Cash and due from depository institutions
$31Interest-bearing balances
$294,386Securities
$24,199Federal funds sold & reverse repurchase agreements
$96,325Net loans & leases
$1,426Loan loss allowance
$0Trading account assets
$16,635Bank premises and fixed assets
$416Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,091All other assets
$443,347Total liabilities and capital
$414,498Total liabilities
$411,956Total deposits
$349,492Interest-bearing deposits
$411,956Deposits held in domestic offices
89.22%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,542All other liabilities
$28,849Total equity capital
$28,849Total bank equity capital
$28,849Perpetual preferred stock
$0Common stock
$1,100Surplus
$2,675Undivided profits
Memoranda
$25,074Noncurrent loans and leases
$20,434Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,532Earning assets
$0Long-term assets (5+ years)
$1,948Average Assets, year-to-date
$414,941Average Assets, quarterly
$207,181Volatile liabilities
$418,525Insider loans
$439,791FHLB advances
$58,515Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$20,434Total unused commitments
$0Restructured Loans and leases
$1,446Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$20,840Total interest income
$4,648Total interest expense
$16,192Net interest income
$691Provision for loan and lease losses
$5,062Total noninterest income
$0Fiduciary activities
$2,578Service charges on deposit accounts
$0Trading account gains & fees
$2,484Additional noninterest income
$10,795Total noninterest expense
$3,971Salaries and employee benefits
$1,430Premises and equipment expense
$5,394Additional noninterest expense
$9,768Pre-tax net operating income
-$716Securities gains (losses)
$2,243Applicable income taxes
$6,809Income before extraordinary items
$0Extraordinary gains - net
$6,809Net income attributable to bank
$0Net charge-offs
$6,809Cash dividends
$221Sale, conversion, retirement of capital stock, net
$2,750Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.30%Yield on earning assets
1.18%Cost of funding earning assets
4.12%Net interest margin
1.29%Noninterest income to earning assets
2.75%Noninterest expense to earning assets
1.76%Net operating income to assets
1.63%Return on assets (ROA)
2.16%Pretax return on assets
27.82%Return on equity (ROE)
16.59%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
312.67%Credit loss provision to net charge-offs
47.33%Efficiency ratio
50,790Assets per employee
6.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.39%Loss allowance to loans
1.46%Loss allowance to noncurrent loans
93.08%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
1.57%Net loans and leases to deposits
23.38%Net loans and leases to core deposits
27.25%Equity capital to assets
6.51%Core capital (leverage) ratio
6.44%Tier 1 risk-based capital ratio
13.99%Total risk-based capital ratio
Memoranda
$15Average assets
$418,525Average earning assets
$24,472Average equity
$393,229Average loans
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