FDIC Certificate #: 34107 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 2340205 Date Established: December 19, 1995 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 15667 FDIC's unique #: 56248 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: December 19, 1995 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: 817 Village Center Drive, Colorado Springs, CO 80919 County: El Paso 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): Colorado Springs, CO (#1720) Core Based Statistical Area (CBSA): Colorado Springs, CO (#17820) CBSA Metro Statistical Area: Colorado Springs, CO (#17820)
Financial Summary
Total assets: $198.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
39Total employees (full-time equivalent)
$200,646Total assets
$2,744Cash and due from depository institutions
$32Interest-bearing balances
$80,000Securities
$13,826Federal funds sold & reverse repurchase agreements
$95,274Net loans & leases
$2,042Loan loss allowance
$0Trading account assets
$6,242Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,560All other assets
$200,646Total liabilities and capital
$185,960Total liabilities
$184,998Total deposits
$154,864Interest-bearing deposits
$184,998Deposits held in domestic offices
92.30%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$962All other liabilities
$14,686Total equity capital
$14,686Total bank equity capital
$14,686Perpetual preferred stock
$0Common stock
$1,000Surplus
$5,820Undivided profits
Memoranda
$7,866Noncurrent loans and leases
$15,550Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,418Earning assets
$0Long-term assets (5+ years)
$772Average Assets, year-to-date
$189,132Average Assets, quarterly
$94,588Volatile liabilities
$193,139Insider loans
$198,767FHLB advances
$17,225Loans and leases held for sale
$760Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$15,550Total unused commitments
$0Restructured Loans and leases
$1,343Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$10,171Total interest income
$1,999Total interest expense
$8,172Net interest income
$808Provision for loan and lease losses
$2,319Total noninterest income
$0Fiduciary activities
$1,235Service charges on deposit accounts
$0Trading account gains & fees
$1,084Additional noninterest income
$6,091Total noninterest expense
$2,317Salaries and employee benefits
$935Premises and equipment expense
$2,839Additional noninterest expense
$3,592Pre-tax net operating income
$0Securities gains (losses)
$894Applicable income taxes
$2,698Income before extraordinary items
$0Extraordinary gains - net
$2,698Net income attributable to bank
$0Net charge-offs
$2,698Cash dividends
$392Sale, conversion, retirement of capital stock, net
$500Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.58%Yield on earning assets
1.10%Cost of funding earning assets
4.48%Net interest margin
1.27%Noninterest income to earning assets
3.34%Noninterest expense to earning assets
1.40%Net operating income to assets
1.40%Return on assets (ROA)
1.86%Pretax return on assets
19.50%Return on equity (ROE)
15.89%Retained earnings to average equity (YTD only)
0.41%Net charge-offs to loans
206.12%Credit loss provision to net charge-offs
11.22%Efficiency ratio
58,059Assets per employee
5.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.53%Loss allowance to loans
2.10%Loss allowance to noncurrent loans
144.01%Noncurrent assets plus other real estate owned to assets
0.71%Noncurrent loans to loans
1.46%Net loans and leases to deposits
51.50%Net loans and leases to core deposits
56.79%Equity capital to assets
7.32%Core capital (leverage) ratio
7.21%Tier 1 risk-based capital ratio
13.33%Total risk-based capital ratio
Memoranda
$15Average assets
$193,139Average earning assets
$13,835Average equity
$182,403Average loans
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