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

This bank is inactive as of August 03, 2007

  • FirstBank of Greeley in Denver, Colorado (CO)
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FirstBank of Greeley - Overview

  • General
  • FDIC Certificate #: 34307
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: State Bank of Downs (#9659)
    Federal Reserve ID: 2482169
    Date Established: November 18, 1996
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 15668
    FDIC's unique #: 57066
    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: November 18, 1996
    Last Structure Change Effective Date: August 03, 2007
    Last Structure Change Process Date: October 01, 2007
    Last Data Update: October 01, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 3773 Cherry Creek North Dv, Denver, CO 80209
    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)
  • History of Changes
  • Merger - Without Assistance
    Change in Location
    Office Sold
  • Financial Summary
  • Total assets: $48.7 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, 2006)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $46,760Total assets
  • $1,017Cash and due from depository institutions
  • $0Interest-bearing balances
  • $17,169Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $25,168Net loans & leases
  • $240Loan loss allowance
  • $0Trading account assets
  • $2,860Bank premises and fixed assets
  • $126Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $420All other assets
  • $46,760Total liabilities and capital
  • $43,080Total liabilities
  • $38,286Total deposits
  • $26,667Interest-bearing deposits
  • $38,286Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,512Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $282All other liabilities
  • $3,680Total equity capital
  • $3,680Total bank equity capital
  • $3,680Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $1,007Undivided profits
  • Memoranda
  • $1,673Noncurrent loans and leases
  • $3,629Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $27Earning assets
  • $0Long-term assets (5+ years)
  • $206Average Assets, year-to-date
  • $42,337Average Assets, quarterly
  • $22,188Volatile liabilities
  • $46,238Insider loans
  • $46,968FHLB advances
  • $7,261Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,629Total unused commitments
  • $0Restructured Loans and leases
  • $247Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $2,368Total interest income
  • $1,042Total interest expense
  • $1,326Net interest income
  • $66Provision for loan and lease losses
  • $974Total noninterest income
  • $0Fiduciary activities
  • $571Service charges on deposit accounts
  • $0Trading account gains & fees
  • $403Additional noninterest income
  • $2,026Total noninterest expense
  • $920Salaries and employee benefits
  • $290Premises and equipment expense
  • $816Additional noninterest expense
  • $208Pre-tax net operating income
  • $0Securities gains (losses)
  • -$77Applicable income taxes
  • $285Income before extraordinary items
  • $0Extraordinary gains - net
  • $285Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $28Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.69%Yield on earning assets
  • 2.50%Cost of funding earning assets
  • 3.19%Net interest margin
  • 2.34%Noninterest income to earning assets
  • 4.87%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.45%Pretax return on assets
  • 7.60%Return on equity (ROE)
  • -0.40%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 235.71%Credit loss provision to net charge-offs
  • 9.79%Efficiency ratio
  • 88,087Assets per employee
  • 2.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 105.26%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 888.89%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 65.74%Net loans and leases to core deposits
  • 70.82%Equity capital to assets
  • 7.87%Core capital (leverage) ratio
  • 7.76%Tier 1 risk-based capital ratio
  • 14.87%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $46,238Average earning assets
  • $3,749Average equity
  • $41,610Average loans

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