FDIC Certificate #: 23470 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 291152 Date Established: June 22, 1981 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 11125 FDIC's unique #: 16448 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 22, 1981 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: 550 South Wadsworth Boulevard, Lakewood, CO 80226 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: $400.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
51Total employees (full-time equivalent)
$407,114Total assets
$9,308Cash and due from depository institutions
$59Interest-bearing balances
$240,315Securities
$13,474Federal funds sold & reverse repurchase agreements
$126,822Net loans & leases
$1,977Loan loss allowance
$0Trading account assets
$11,538Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,657All other assets
$407,114Total liabilities and capital
$379,240Total liabilities
$376,226Total deposits
$308,330Interest-bearing deposits
$376,226Deposits held in domestic offices
89.86%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$3,014All other liabilities
$27,874Total equity capital
$27,874Total bank equity capital
$27,874Perpetual preferred stock
$0Common stock
$1,800Surplus
$3,800Undivided profits
Memoranda
$22,274Noncurrent loans and leases
$27,964Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$77Earning assets
$0Long-term assets (5+ years)
$1,836Average Assets, year-to-date
$380,670Average Assets, quarterly
$146,106Volatile liabilities
$379,994Insider loans
$399,576FHLB advances
$43,521Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$27,964Total unused commitments
$0Restructured Loans and leases
$2,003Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$18,336Total interest income
$4,168Total interest expense
$14,168Net interest income
$692Provision for loan and lease losses
$4,000Total noninterest income
$0Fiduciary activities
$1,953Service charges on deposit accounts
$0Trading account gains & fees
$2,047Additional noninterest income
$8,524Total noninterest expense
$3,233Salaries and employee benefits
$841Premises and equipment expense
$4,450Additional noninterest expense
$8,952Pre-tax net operating income
-$468Securities gains (losses)
$2,384Applicable income taxes
$6,100Income before extraordinary items
$0Extraordinary gains - net
$6,100Net income attributable to bank
$0Net charge-offs
$6,100Cash dividends
$220Sale, conversion, retirement of capital stock, net
$2,950Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.13%Yield on earning assets
1.17%Cost of funding earning assets
3.96%Net interest margin
1.12%Noninterest income to earning assets
2.39%Noninterest expense to earning assets
1.69%Net operating income to assets
1.61%Return on assets (ROA)
2.23%Pretax return on assets
24.48%Return on equity (ROE)
12.64%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
314.55%Credit loss provision to net charge-offs
43.84%Efficiency ratio
46,918Assets per employee
7.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.36%Loss allowance to loans
1.53%Loss allowance to noncurrent loans
2567.53%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.06%Net loans and leases to deposits
33.71%Net loans and leases to core deposits
38.12%Equity capital to assets
6.85%Core capital (leverage) ratio
6.56%Tier 1 risk-based capital ratio
13.77%Total risk-based capital ratio
Memoranda
$15Average assets
$379,994Average earning assets
$24,919Average equity
$357,382Average loans
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