FDIC Certificate #: 34628 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 2603629 Date Established: March 23, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 15696 FDIC's unique #: 60851 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 23, 1998 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: 10961 South Parker Road, Parker, CO 80134 County: Douglas 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: $184.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
37Total employees (full-time equivalent)
$186,828Total assets
$2,683Cash and due from depository institutions
$55Interest-bearing balances
$107,016Securities
$8,440Federal funds sold & reverse repurchase agreements
$59,072Net loans & leases
$889Loan loss allowance
$0Trading account assets
$7,090Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,527All other assets
$186,828Total liabilities and capital
$174,320Total liabilities
$172,673Total deposits
$142,440Interest-bearing deposits
$172,673Deposits held in domestic offices
89.38%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,647All other liabilities
$12,508Total equity capital
$12,508Total bank equity capital
$12,508Perpetual preferred stock
$0Common stock
$1,000Surplus
$3,500Undivided profits
Memoranda
$8,008Noncurrent loans and leases
$13,795Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$99Earning assets
$0Long-term assets (5+ years)
$747Average Assets, year-to-date
$174,583Average Assets, quarterly
$103,342Volatile liabilities
$176,075Insider loans
$184,653FHLB advances
$22,129Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,795Total unused commitments
$1,026Restructured Loans and leases
$907Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$8,695Total interest income
$1,907Total interest expense
$6,788Net interest income
$443Provision for loan and lease losses
$2,244Total noninterest income
$0Fiduciary activities
$1,076Service charges on deposit accounts
$0Trading account gains & fees
$1,168Additional noninterest income
$5,323Total noninterest expense
$2,124Salaries and employee benefits
$784Premises and equipment expense
$2,415Additional noninterest expense
$3,266Pre-tax net operating income
-$50Securities gains (losses)
$829Applicable income taxes
$2,387Income before extraordinary items
$0Extraordinary gains - net
$2,387Net income attributable to bank
$0Net charge-offs
$2,387Cash dividends
$205Sale, conversion, retirement of capital stock, net
$500Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.29%Yield on earning assets
1.16%Cost of funding earning assets
4.13%Net interest margin
1.36%Noninterest income to earning assets
3.24%Noninterest expense to earning assets
1.38%Net operating income to assets
1.36%Return on assets (ROA)
1.83%Pretax return on assets
20.57%Return on equity (ROE)
16.26%Retained earnings to average equity (YTD only)
0.35%Net charge-offs to loans
216.10%Credit loss provision to net charge-offs
18.09%Efficiency ratio
58,935Assets per employee
5.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
20.95%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
897.98%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.17%Net loans and leases to deposits
34.21%Net loans and leases to core deposits
39.24%Equity capital to assets
6.69%Core capital (leverage) ratio
6.49%Tier 1 risk-based capital ratio
14.33%Total risk-based capital ratio
Memoranda
$15Average assets
$176,075Average earning assets
$11,602Average equity
$164,459Average loans
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