FDIC Certificate #: 34447 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 2531496 Date Established: March 17, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 15695 FDIC's unique #: 57211 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: March 17, 1997 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: 30770 Stagecoach Boulevard, Evergreen, CO 80439 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: $203.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
32Total employees (full-time equivalent)
$193,151Total assets
$2,183Cash and due from depository institutions
$28Interest-bearing balances
$82,646Securities
$5,791Federal funds sold & reverse repurchase agreements
$88,369Net loans & leases
$1,480Loan loss allowance
$0Trading account assets
$11,208Bank premises and fixed assets
$234Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,720All other assets
$193,151Total liabilities and capital
$179,834Total liabilities
$178,060Total deposits
$149,717Interest-bearing deposits
$178,060Deposits held in domestic offices
91.94%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,774All other liabilities
$13,317Total equity capital
$13,317Total bank equity capital
$13,317Perpetual preferred stock
$0Common stock
$1,000Surplus
$2,850Undivided profits
Memoranda
$9,467Noncurrent loans and leases
$16,306Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,769Earning assets
$0Long-term assets (5+ years)
$694Average Assets, year-to-date
$176,834Average Assets, quarterly
$102,138Volatile liabilities
$182,558Insider loans
$192,191FHLB advances
$22,362Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,306Total unused commitments
$0Restructured Loans and leases
$1,268Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$9,141Total interest income
$2,057Total interest expense
$7,084Net interest income
$827Provision for loan and lease losses
$1,381Total noninterest income
$0Fiduciary activities
$825Service charges on deposit accounts
$0Trading account gains & fees
$556Additional noninterest income
$5,030Total noninterest expense
$1,906Salaries and employee benefits
$888Premises and equipment expense
$2,236Additional noninterest expense
$2,608Pre-tax net operating income
-$58Securities gains (losses)
$671Applicable income taxes
$1,879Income before extraordinary items
$0Extraordinary gains - net
$1,879Net income attributable to bank
$0Net charge-offs
$1,879Cash dividends
$564Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.47%Yield on earning assets
1.23%Cost of funding earning assets
4.24%Net interest margin
0.83%Noninterest income to earning assets
3.01%Noninterest expense to earning assets
1.05%Net operating income to assets
1.03%Return on assets (ROA)
1.40%Pretax return on assets
15.51%Return on equity (ROE)
15.51%Retained earnings to average equity (YTD only)
0.69%Net charge-offs to loans
146.63%Credit loss provision to net charge-offs
6.09%Efficiency ratio
59,421Assets per employee
6.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.65%Loss allowance to noncurrent loans
83.66%Noncurrent assets plus other real estate owned to assets
1.04%Noncurrent loans to loans
1.97%Net loans and leases to deposits
49.63%Net loans and leases to core deposits
56.76%Equity capital to assets
6.89%Core capital (leverage) ratio
6.24%Tier 1 risk-based capital ratio
11.77%Total risk-based capital ratio
Memoranda
$13Average assets
$182,558Average earning assets
$12,116Average equity
$167,085Average loans
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