FirstBank of Longmont, National Association in Longmont, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 23, 1993

  • FirstBank of Longmont, National Association in Longmont, Colorado (CO)
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FirstBank of Longmont, National Association - Overview

  • General
  • FDIC Certificate #: 20737
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FirstBank of Longmont (#13084)
    Federal Reserve ID: 87654
    Date Established: June 29, 1972
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 14322
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: June 29, 1972
    Last Structure Change Effective Date: August 23, 1993
    Last Structure Change Process Date: September 21, 1993
    Last Data Update: September 21, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 1707 North Main Street, Longmont, CO 80501
    County: Boulder
    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): Boulder-Longmont, CO (#1125)
    Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
    Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
    Core Based Statistical Area (CBSA): Boulder, CO (#14500)
    CBSA Metro Statistical Area: Boulder, CO (#14500)
  • Financial Summary
  • Total assets: $100.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $66Total assets
  • $90,093Cash and due from depository institutions
  • $4,865Interest-bearing balances
  • $0Securities
  • $34,778Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $45,826Loan loss allowance
  • $800Trading account assets
  • $0Bank premises and fixed assets
  • $2,405Other real estate owned
  • $881Goodwill and other intangibles
  • $1,338Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $90,093Total liabilities
  • $85,023Total deposits
  • $81,770Interest-bearing deposits
  • $64,097Deposits held in domestic offices
  • 81770.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $2,694Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $559Total equity capital
  • $559Total bank equity capital
  • $5,070Perpetual preferred stock
  • $0Common stock
  • $1,300Surplus
  • $1,400Undivided profits
  • Memoranda
  • $2,370Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $161Income earned, not collected on loans
  • $267Earning assets
  • $80,604Long-term assets (5+ years)
  • $21,750Average Assets, year-to-date
  • $82,874Average Assets, quarterly
  • $87,674Volatile liabilities
  • $4,013Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $15,460Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,070Total risk weighted assets
  • $50,616Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,987Total interest expense
  • $2,136Net interest income
  • $4,851Provision for loan and lease losses
  • $99Total noninterest income
  • $1,547Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,214Trading account gains & fees
  • $0Additional noninterest income
  • $333Total noninterest expense
  • $4,490Salaries and employee benefits
  • $1,986Premises and equipment expense
  • $402Additional noninterest expense
  • $2,102Pre-tax net operating income
  • $1,809Securities gains (losses)
  • $15Applicable income taxes
  • $460Income before extraordinary items
  • $1,364Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,364Net charge-offs
  • $367Cash dividends
  • $650Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.37%Cost of funding earning assets
  • 2.87%Net interest margin
  • 6.51%Noninterest income to earning assets
  • 2.08%Noninterest expense to earning assets
  • 6.02%Net operating income to assets
  • 1.63%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 2.20%Return on equity (ROE)
  • 29.14%Retained earnings to average equity (YTD only)
  • 15.26%Net charge-offs to loans
  • 0.91%Credit loss provision to net charge-offs
  • 26.98%Efficiency ratio
  • 70,178Assets per employee
  • 1.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.65%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 496.89%Noncurrent assets plus other real estate owned to assets
  • 1.16%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 56.04%Net loans and leases to core deposits
  • 56.96%Equity capital to assets
  • 5.63%Core capital (leverage) ratio
  • 5.87%Tier 1 risk-based capital ratio
  • 10.02%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $82,874Average earning assets
  • $4,680Average equity
  • $74,536Average loans

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