FDIC Certificate #: 33799 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 2038717 Date Established: May 06, 1993 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) OTS Docket #: 12726 FDIC's unique #: 48077 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: May 06, 1993 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: 1013 East Harmony Road, Fort Collins, CO 80525 County: Larimer 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): Fort Collins-Loveland, CO (#2670) Core Based Statistical Area (CBSA): Fort Collins-Loveland, CO (#22660) CBSA Metro Statistical Area: Fort Collins-Loveland, CO (#22660)
Financial Summary
Total assets: $463.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
77Total employees (full-time equivalent)
$422,682Total assets
$4,892Cash and due from depository institutions
$35Interest-bearing balances
$105,763Securities
$8,520Federal funds sold & reverse repurchase agreements
$280,357Net loans & leases
$4,073Loan loss allowance
$0Trading account assets
$16,109Bank premises and fixed assets
$55Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,986All other assets
$422,682Total liabilities and capital
$396,813Total liabilities
$394,384Total deposits
$328,616Interest-bearing deposits
$394,384Deposits held in domestic offices
88.13%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$143Other borrowed funds
$0Subordinated debt
$2,286All other liabilities
$25,869Total equity capital
$25,869Total bank equity capital
$25,869Perpetual preferred stock
$0Common stock
$1,000Surplus
$8,407Undivided profits
Memoranda
$16,462Noncurrent loans and leases
$34,098Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,415Earning assets
$0Long-term assets (5+ years)
$1,553Average Assets, year-to-date
$394,675Average Assets, quarterly
$184,820Volatile liabilities
$364,169Insider loans
$406,006FHLB advances
$51,752Loans and leases held for sale
$1,093Unused loan commitments
$0Tier 1 (core) risk-based capital
$205Tier 2 risk-based capital
$0Total risk weighted assets
$34,098Total unused commitments
$0Restructured Loans and leases
$3,179Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$18,860Total interest income
$4,219Total interest expense
$14,641Net interest income
$1,487Provision for loan and lease losses
$5,391Total noninterest income
$0Fiduciary activities
$2,992Service charges on deposit accounts
$0Trading account gains & fees
$2,399Additional noninterest income
$12,699Total noninterest expense
$5,127Salaries and employee benefits
$1,581Premises and equipment expense
$5,991Additional noninterest expense
$5,846Pre-tax net operating income
$0Securities gains (losses)
$1,487Applicable income taxes
$4,359Income before extraordinary items
$0Extraordinary gains - net
$4,359Net income attributable to bank
$0Net charge-offs
$4,359Cash dividends
$550Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.58%Yield on earning assets
1.25%Cost of funding earning assets
4.33%Net interest margin
1.59%Noninterest income to earning assets
3.76%Noninterest expense to earning assets
1.20%Net operating income to assets
1.20%Return on assets (ROA)
1.61%Pretax return on assets
18.86%Return on equity (ROE)
18.86%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
270.36%Credit loss provision to net charge-offs
13.33%Efficiency ratio
63,394Assets per employee
5.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
287.84%Noncurrent assets plus other real estate owned to assets
0.35%Noncurrent loans to loans
0.50%Net loans and leases to deposits
71.09%Net loans and leases to core deposits
81.79%Equity capital to assets
6.12%Core capital (leverage) ratio
6.07%Tier 1 risk-based capital ratio
9.94%Total risk-based capital ratio
Memoranda
$11Average assets
$364,169Average earning assets
$23,109Average equity
$338,041Average loans
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