FirstBank of Avon in city_name, state_name - Detailed Financial Reports, Location

FirstBank of Avon in Avon, Colorado (CO)
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FirstBank of Avon - Overview

General
FDIC Certificate #: 23568
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: FirstBank (#18714)
Federal Reserve ID: 943059
Date Established: October 20, 1981
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 11055
FDIC's unique #: 16506
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: October 20, 1981
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: 0011 West Beaver Creek Boulevard, Avon, CO 81620
County: Eagle
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
Core Based Statistical Area (CBSA): Edwards, CO (#20780)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $350.7 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
54Total employees (full-time equivalent)
$354,410Total assets
$5,829Cash and due from depository institutions
$45Interest-bearing balances
$96,721Securities
$0Federal funds sold & reverse repurchase agreements
$236,975Net loans & leases
$3,694Loan loss allowance
$0Trading account assets
$5,878Bank premises and fixed assets
$205Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$8,802All other assets
$354,410Total liabilities and capital
$325,429Total liabilities
$295,507Total deposits
$227,274Interest-bearing deposits
$295,507Deposits held in domestic offices
81.63%% insured (estimated)
$29,045Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$877All other liabilities
$28,981Total equity capital
$28,981Total bank equity capital
$28,981Perpetual preferred stock
$0Common stock
$1,200Surplus
$1,930Undivided profits
Memoranda
$25,851Noncurrent loans and leases
$35,022Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,348Earning assets
$0Long-term assets (5+ years)
$1,521Average Assets, year-to-date
$333,741Average Assets, quarterly
$144,986Volatile liabilities
$376,819Insider loans
$362,793FHLB advances
$51,488Loans and leases held for sale
$816Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$35,022Total unused commitments
$646Restructured Loans and leases
$2,415Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$20,271Total interest income
$2,837Total interest expense
$17,434Net interest income
$2,368Provision for loan and lease losses
$3,254Total noninterest income
$0Fiduciary activities
$1,652Service charges on deposit accounts
$0Trading account gains & fees
$1,602Additional noninterest income
$9,195Total noninterest expense
$4,036Salaries and employee benefits
$898Premises and equipment expense
$4,261Additional noninterest expense
$9,125Pre-tax net operating income
$638Securities gains (losses)
$2,832Applicable income taxes
$6,931Income before extraordinary items
$0Extraordinary gains - net
$6,931Net income attributable to bank
$0Net charge-offs
$6,931Cash dividends
$1,045Sale, conversion, retirement of capital stock, net
$3,875Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.67%Yield on earning assets
0.79%Cost of funding earning assets
4.87%Net interest margin
0.91%Noninterest income to earning assets
2.57%Noninterest expense to earning assets
1.72%Net operating income to assets
1.84%Return on assets (ROA)
2.59%Pretax return on assets
24.71%Return on equity (ROE)
10.90%Retained earnings to average equity (YTD only)
0.45%Net charge-offs to loans
226.60%Credit loss provision to net charge-offs
11.00%Efficiency ratio
44,446Assets per employee
6.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
55.91%Loss allowance to loans
1.53%Loss allowance to noncurrent loans
274.04%Noncurrent assets plus other real estate owned to assets
0.59%Noncurrent loans to loans
0.56%Net loans and leases to deposits
80.19%Net loans and leases to core deposits
86.78%Equity capital to assets
8.18%Core capital (leverage) ratio
8.00%Tier 1 risk-based capital ratio
14.67%Total risk-based capital ratio
Memoranda
$16Average assets
$376,819Average earning assets
$28,047Average equity
$357,711Average loans

FirstBank of Avon in Avon, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

FirstBank of Avon - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

FirstBank of Avon in Avon, Colorado (CO)Overview, Financial Summary, Detailed Financial Reports, Branches

FirstBank of Avon - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

FirstBank of Avon in Avon, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches