FDIC Certificate #: 22613 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 328553 Date Established: Febuary 24, 1978 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 11193 FDIC's unique #: 15774 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: Febuary 24, 1978 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: 5125 South Kipling Street, Littleton, CO 80127 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: $678.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
79Total employees (full-time equivalent)
$671,620Total assets
$6,516Cash and due from depository institutions
$38Interest-bearing balances
$394,397Securities
$32,284Federal funds sold & reverse repurchase agreements
$219,166Net loans & leases
$3,504Loan loss allowance
$0Trading account assets
$7,921Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$11,336All other assets
$671,620Total liabilities and capital
$625,844Total liabilities
$621,121Total deposits
$526,726Interest-bearing deposits
$621,121Deposits held in domestic offices
92.77%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$4,723All other liabilities
$45,776Total equity capital
$45,776Total bank equity capital
$45,776Perpetual preferred stock
$0Common stock
$2,010Surplus
$2,015Undivided profits
Memoranda
$41,751Noncurrent loans and leases
$51,361Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,062Earning assets
$0Long-term assets (5+ years)
$3,122Average Assets, year-to-date
$645,885Average Assets, quarterly
$347,096Volatile liabilities
$632,763Insider loans
$661,993FHLB advances
$62,712Loans and leases held for sale
$82Unused loan commitments
$0Tier 1 (core) risk-based capital
$326Tier 2 risk-based capital
$0Total risk weighted assets
$51,361Total unused commitments
$0Restructured Loans and leases
$3,571Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$32,302Total interest income
$6,566Total interest expense
$25,736Net interest income
$1,068Provision for loan and lease losses
$7,143Total noninterest income
$0Fiduciary activities
$3,653Service charges on deposit accounts
$0Trading account gains & fees
$3,490Additional noninterest income
$14,087Total noninterest expense
$4,901Salaries and employee benefits
$1,047Premises and equipment expense
$8,139Additional noninterest expense
$17,724Pre-tax net operating income
-$231Securities gains (losses)
$5,048Applicable income taxes
$12,445Income before extraordinary items
$0Extraordinary gains - net
$12,445Net income attributable to bank
$0Net charge-offs
$12,445Cash dividends
$667Sale, conversion, retirement of capital stock, net
$7,050Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.30%Yield on earning assets
1.08%Cost of funding earning assets
4.22%Net interest margin
1.17%Noninterest income to earning assets
2.31%Noninterest expense to earning assets
1.99%Net operating income to assets
1.97%Return on assets (ROA)
2.76%Pretax return on assets
29.51%Return on equity (ROE)
12.79%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
160.12%Credit loss provision to net charge-offs
28.17%Efficiency ratio
42,845Assets per employee
8.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
56.65%Loss allowance to loans
1.57%Loss allowance to noncurrent loans
329.94%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.48%Net loans and leases to deposits
35.29%Net loans and leases to core deposits
39.25%Equity capital to assets
6.82%Core capital (leverage) ratio
6.45%Tier 1 risk-based capital ratio
14.25%Total risk-based capital ratio
Memoranda
$15Average assets
$632,763Average earning assets
$42,173Average equity
$609,883Average loans
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