FDIC Certificate #: 26649 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 662453 Date Established: April 11, 1986 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 11101 FDIC's unique #: 35381 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: April 11, 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: 100 St. Paul Street, Denver, CO 80206 County: Denver 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: $502.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
61Total employees (full-time equivalent)
$484,010Total assets
$6,722Cash and due from depository institutions
$37Interest-bearing balances
$251,434Securities
$16,860Federal funds sold & reverse repurchase agreements
$186,162Net loans & leases
$2,998Loan loss allowance
$0Trading account assets
$15,756Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$7,076All other assets
$484,010Total liabilities and capital
$452,059Total liabilities
$449,967Total deposits
$369,862Interest-bearing deposits
$449,967Deposits held in domestic offices
86.49%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,092All other liabilities
$31,951Total equity capital
$31,951Total bank equity capital
$31,951Perpetual preferred stock
$0Common stock
$500Surplus
$2,200Undivided profits
Memoranda
$29,251Noncurrent loans and leases
$33,608Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$526Earning assets
$0Long-term assets (5+ years)
$1,987Average Assets, year-to-date
$454,493Average Assets, quarterly
$214,543Volatile liabilities
$456,300Insider loans
$477,127FHLB advances
$46,827Loans and leases held for sale
$350Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$33,608Total unused commitments
$1,647Restructured Loans and leases
$3,016Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$22,080Total interest income
$4,715Total interest expense
$17,365Net interest income
$1,341Provision for loan and lease losses
$4,752Total noninterest income
$0Fiduciary activities
$2,416Service charges on deposit accounts
$0Trading account gains & fees
$2,336Additional noninterest income
$10,140Total noninterest expense
$3,642Salaries and employee benefits
$1,148Premises and equipment expense
$5,350Additional noninterest expense
$10,636Pre-tax net operating income
$0Securities gains (losses)
$3,266Applicable income taxes
$7,370Income before extraordinary items
$0Extraordinary gains - net
$7,370Net income attributable to bank
$0Net charge-offs
$7,370Cash dividends
$952Sale, conversion, retirement of capital stock, net
$3,000Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.15%Yield on earning assets
1.10%Cost of funding earning assets
4.05%Net interest margin
1.11%Noninterest income to earning assets
2.37%Noninterest expense to earning assets
1.62%Net operating income to assets
1.62%Return on assets (ROA)
2.33%Pretax return on assets
26.07%Return on equity (ROE)
15.46%Retained earnings to average equity (YTD only)
0.54%Net charge-offs to loans
140.86%Credit loss provision to net charge-offs
12.58%Efficiency ratio
45,847Assets per employee
7.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.71%Loss allowance to loans
1.58%Loss allowance to noncurrent loans
569.96%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.28%Net loans and leases to deposits
41.37%Net loans and leases to core deposits
46.18%Equity capital to assets
6.60%Core capital (leverage) ratio
6.45%Tier 1 risk-based capital ratio
12.53%Total risk-based capital ratio
Memoranda
$14Average assets
$456,300Average earning assets
$28,273Average equity
$428,603Average loans
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