FDIC Certificate #: 35273 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 2804882 Date Established: July 06, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) FDIC's unique #: 77237 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: July 06, 1999 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: 3990 East 104th Avenue, Thornton, CO 80233 County: Adams 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: $223.9 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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)
$216,977Total assets
$3,776Cash and due from depository institutions
$50Interest-bearing balances
$134,787Securities
$9,935Federal funds sold & reverse repurchase agreements
$53,938Net loans & leases
$884Loan loss allowance
$0Trading account assets
$11,306Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,235All other assets
$216,977Total liabilities and capital
$201,967Total liabilities
$199,594Total deposits
$171,098Interest-bearing deposits
$199,594Deposits held in domestic offices
80.98%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,373All other liabilities
$15,010Total equity capital
$15,010Total bank equity capital
$15,010Perpetual preferred stock
$0Common stock
$1,000Surplus
$4,802Undivided profits
Memoranda
$9,208Noncurrent loans and leases
$13,859Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$379Earning assets
$0Long-term assets (5+ years)
$863Average Assets, year-to-date
$198,710Average Assets, quarterly
$95,590Volatile liabilities
$204,771Insider loans
$214,236FHLB advances
$38,965Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$414Tier 2 risk-based capital
$0Total risk weighted assets
$13,859Total unused commitments
$1,507Restructured Loans and leases
$895Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$9,501Total interest income
$2,681Total interest expense
$6,820Net interest income
$382Provision for loan and lease losses
$4,075Total noninterest income
$0Fiduciary activities
$2,316Service charges on deposit accounts
$0Trading account gains & fees
$1,759Additional noninterest income
$6,704Total noninterest expense
$2,576Salaries and employee benefits
$901Premises and equipment expense
$3,227Additional noninterest expense
$3,809Pre-tax net operating income
$0Securities gains (losses)
$765Applicable income taxes
$3,044Income before extraordinary items
$0Extraordinary gains - net
$3,044Net income attributable to bank
$0Net charge-offs
$3,044Cash dividends
$414Sale, conversion, retirement of capital stock, net
$750Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.00%Yield on earning assets
1.41%Cost of funding earning assets
3.59%Net interest margin
2.15%Noninterest income to earning assets
3.53%Noninterest expense to earning assets
1.49%Net operating income to assets
1.49%Return on assets (ROA)
1.86%Pretax return on assets
23.50%Return on equity (ROE)
17.71%Retained earnings to average equity (YTD only)
0.77%Net charge-offs to loans
92.27%Credit loss provision to net charge-offs
10.12%Efficiency ratio
61,533Assets per employee
4.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
24.64%Loss allowance to loans
1.61%Loss allowance to noncurrent loans
233.25%Noncurrent assets plus other real estate owned to assets
0.17%Noncurrent loans to loans
0.69%Net loans and leases to deposits
27.02%Net loans and leases to core deposits
33.58%Equity capital to assets
6.92%Core capital (leverage) ratio
6.37%Tier 1 risk-based capital ratio
13.60%Total risk-based capital ratio
Memoranda
$15Average assets
$204,771Average earning assets
$12,952Average equity
$189,958Average loans
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