FDIC Certificate #: 27336 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 1216974 Date Established: September 10, 1988 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 11198 FDIC's unique #: 39605 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: September 10, 1988 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: 8600 East Arapahoe Road, Centennial, CO 80112 County: Arapahoe 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: $424.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
50Total employees (full-time equivalent)
$410,539Total assets
$5,900Cash and due from depository institutions
$44Interest-bearing balances
$254,342Securities
$24,655Federal funds sold & reverse repurchase agreements
$108,568Net loans & leases
$1,428Loan loss allowance
$0Trading account assets
$10,649Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,425All other assets
$410,539Total liabilities and capital
$382,617Total liabilities
$380,649Total deposits
$320,294Interest-bearing deposits
$380,649Deposits held in domestic offices
90.75%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,968All other liabilities
$27,922Total equity capital
$27,922Total bank equity capital
$27,922Perpetual preferred stock
$0Common stock
$2,960Surplus
$3,312Undivided profits
Memoranda
$21,650Noncurrent loans and leases
$32,852Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,622Earning assets
$0Long-term assets (5+ years)
$1,815Average Assets, year-to-date
$387,609Average Assets, quarterly
$204,509Volatile liabilities
$394,092Insider loans
$402,877FHLB advances
$35,754Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$32,852Total unused commitments
$0Restructured Loans and leases
$1,461Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$19,022Total interest income
$4,048Total interest expense
$14,974Net interest income
$901Provision for loan and lease losses
$3,680Total noninterest income
$0Fiduciary activities
$1,693Service charges on deposit accounts
$0Trading account gains & fees
$1,987Additional noninterest income
$8,540Total noninterest expense
$2,863Salaries and employee benefits
$984Premises and equipment expense
$4,693Additional noninterest expense
$9,213Pre-tax net operating income
$10Securities gains (losses)
$2,141Applicable income taxes
$7,082Income before extraordinary items
$0Extraordinary gains - net
$7,082Net income attributable to bank
$0Net charge-offs
$7,082Cash dividends
$465Sale, conversion, retirement of capital stock, net
$3,925Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.08%Yield on earning assets
1.08%Cost of funding earning assets
4.00%Net interest margin
0.98%Noninterest income to earning assets
2.28%Noninterest expense to earning assets
1.80%Net operating income to assets
1.80%Return on assets (ROA)
2.34%Pretax return on assets
27.16%Return on equity (ROE)
12.11%Retained earnings to average equity (YTD only)
0.45%Net charge-offs to loans
193.76%Credit loss provision to net charge-offs
21.75%Efficiency ratio
45,781Assets per employee
8.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
55.42%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
88.04%Noncurrent assets plus other real estate owned to assets
0.53%Noncurrent loans to loans
1.47%Net loans and leases to deposits
28.52%Net loans and leases to core deposits
31.48%Equity capital to assets
6.80%Core capital (leverage) ratio
6.73%Tier 1 risk-based capital ratio
16.49%Total risk-based capital ratio
Memoranda
$17Average assets
$394,092Average earning assets
$26,077Average equity
$374,181Average loans
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