FDIC Certificate #: 22794 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 936556 Date Established: January 29, 1979 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 11103 FDIC's unique #: 15917 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: January 29, 1979 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: 6355 Ward Road, Arvada, CO 80001 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: $433.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
45Total employees (full-time equivalent)
$413,611Total assets
$4,292Cash and due from depository institutions
$29Interest-bearing balances
$301,346Securities
$5,883Federal funds sold & reverse repurchase agreements
$91,832Net loans & leases
$1,210Loan loss allowance
$0Trading account assets
$4,405Bank premises and fixed assets
$688Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,165All other assets
$413,611Total liabilities and capital
$387,226Total liabilities
$386,100Total deposits
$336,542Interest-bearing deposits
$386,100Deposits held in domestic offices
89.84%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,126All other liabilities
$26,385Total equity capital
$26,385Total bank equity capital
$26,385Perpetual preferred stock
$0Common stock
$1,600Surplus
$1,600Undivided profits
Memoranda
$23,185Noncurrent loans and leases
$27,763Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$124Earning assets
$0Long-term assets (5+ years)
$1,944Average Assets, year-to-date
$399,090Average Assets, quarterly
$191,172Volatile liabilities
$388,978Insider loans
$409,385FHLB advances
$57,770Loans and leases held for sale
$85Unused loan commitments
$0Tier 1 (core) risk-based capital
$139Tier 2 risk-based capital
$0Total risk weighted assets
$27,763Total unused commitments
$0Restructured Loans and leases
$1,228Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$19,616Total interest income
$4,505Total interest expense
$15,111Net interest income
$232Provision for loan and lease losses
$2,748Total noninterest income
$0Fiduciary activities
$1,511Service charges on deposit accounts
$0Trading account gains & fees
$1,237Additional noninterest income
$7,539Total noninterest expense
$2,726Salaries and employee benefits
$651Premises and equipment expense
$4,162Additional noninterest expense
$10,088Pre-tax net operating income
-$167Securities gains (losses)
$2,776Applicable income taxes
$7,145Income before extraordinary items
$0Extraordinary gains - net
$7,145Net income attributable to bank
$0Net charge-offs
$7,145Cash dividends
$103Sale, conversion, retirement of capital stock, net
$3,300Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.23%Yield on earning assets
1.20%Cost of funding earning assets
4.03%Net interest margin
0.73%Noninterest income to earning assets
2.01%Noninterest expense to earning assets
1.87%Net operating income to assets
1.84%Return on assets (ROA)
2.55%Pretax return on assets
30.73%Return on equity (ROE)
16.54%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
225.24%Credit loss provision to net charge-offs
100.19%Efficiency ratio
42,214Assets per employee
9.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
46.19%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
975.81%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.13%Net loans and leases to deposits
23.78%Net loans and leases to core deposits
27.97%Equity capital to assets
6.38%Core capital (leverage) ratio
6.28%Tier 1 risk-based capital ratio
16.01%Total risk-based capital ratio
Memoranda
$17Average assets
$388,978Average earning assets
$23,248Average equity
$375,204Average loans
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