FDIC Certificate #: 22042 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 710251 Date Established: June 18, 1975 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 11100 FDIC's unique #: 15295 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: June 18, 1975 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: 2 Plum Creek Parkway, Castle Rock, CO 80104 County: Douglas 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: $336.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
41Total employees (full-time equivalent)
$330,378Total assets
$3,622Cash and due from depository institutions
$19Interest-bearing balances
$181,560Securities
$21,583Federal funds sold & reverse repurchase agreements
$110,328Net loans & leases
$1,911Loan loss allowance
$0Trading account assets
$4,108Bank premises and fixed assets
$0Other real estate owned
$5,062Goodwill and other intangibles
$0Life insurance assets
$4,115All other assets
$330,378Total liabilities and capital
$301,242Total liabilities
$299,574Total deposits
$256,622Interest-bearing deposits
$299,574Deposits held in domestic offices
87.92%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,668All other liabilities
$29,136Total equity capital
$29,136Total bank equity capital
$29,136Perpetual preferred stock
$0Common stock
$7,200Surplus
$7,293Undivided profits
Memoranda
$14,643Noncurrent loans and leases
$27,597Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,505Earning assets
$0Long-term assets (5+ years)
$1,345Average Assets, year-to-date
$313,490Average Assets, quarterly
$179,558Volatile liabilities
$326,860Insider loans
$327,382FHLB advances
$32,410Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$27,597Total unused commitments
$172Restructured Loans and leases
$1,686Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$17,050Total interest income
$3,173Total interest expense
$13,877Net interest income
$1,588Provision for loan and lease losses
$3,469Total noninterest income
$0Fiduciary activities
$1,806Service charges on deposit accounts
$0Trading account gains & fees
$1,663Additional noninterest income
$7,370Total noninterest expense
$2,664Salaries and employee benefits
$786Premises and equipment expense
$3,920Additional noninterest expense
$8,388Pre-tax net operating income
-$108Securities gains (losses)
$2,308Applicable income taxes
$5,972Income before extraordinary items
$0Extraordinary gains - net
$5,972Net income attributable to bank
$0Net charge-offs
$5,972Cash dividends
$876Sale, conversion, retirement of capital stock, net
$4,100Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.48%Yield on earning assets
1.02%Cost of funding earning assets
4.46%Net interest margin
1.11%Noninterest income to earning assets
2.37%Noninterest expense to earning assets
1.85%Net operating income to assets
1.83%Return on assets (ROA)
2.53%Pretax return on assets
21.35%Return on equity (ROE)
6.69%Retained earnings to average equity (YTD only)
0.81%Net charge-offs to loans
181.28%Credit loss provision to net charge-offs
11.39%Efficiency ratio
42,488Assets per employee
8.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
68.65%Loss allowance to loans
1.70%Loss allowance to noncurrent loans
76.29%Noncurrent assets plus other real estate owned to assets
0.76%Noncurrent loans to loans
2.23%Net loans and leases to deposits
36.83%Net loans and leases to core deposits
41.30%Equity capital to assets
8.82%Core capital (leverage) ratio
7.18%Tier 1 risk-based capital ratio
17.00%Total risk-based capital ratio
Memoranda
$18Average assets
$326,860Average earning assets
$27,977Average equity
$311,173Average loans
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