FDIC Certificate #: 24096 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 271855 Date Established: October 01, 1982 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 11113 FDIC's unique #: 16794 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: October 01, 1982 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: 5105 South Dtc Parkway, Greenwood Village, CO 80155 County: Arapahoe 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: $529.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
33Total employees (full-time equivalent)
$494,032Total assets
$4,089Cash and due from depository institutions
$21Interest-bearing balances
$247,739Securities
$12,794Federal funds sold & reverse repurchase agreements
$210,259Net loans & leases
$4,876Loan loss allowance
$0Trading account assets
$12,451Bank premises and fixed assets
$414Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,286All other assets
$494,033Total liabilities and capital
$456,381Total liabilities
$452,981Total deposits
$383,298Interest-bearing deposits
$452,981Deposits held in domestic offices
70.27%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,895Other borrowed funds
$0Subordinated debt
$1,505All other liabilities
$37,652Total equity capital
$37,652Total bank equity capital
$37,652Perpetual preferred stock
$0Common stock
$3,080Surplus
$3,080Undivided profits
Memoranda
$31,492Noncurrent loans and leases
$37,211Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9,079Earning assets
$0Long-term assets (5+ years)
$2,079Average Assets, year-to-date
$470,813Average Assets, quarterly
$186,382Volatile liabilities
$462,364Insider loans
$487,907FHLB advances
$40,734Loans and leases held for sale
$1,554Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$37,211Total unused commitments
$447Restructured Loans and leases
$3,131Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$23,244Total interest income
$5,010Total interest expense
$18,234Net interest income
$2,429Provision for loan and lease losses
$2,880Total noninterest income
$0Fiduciary activities
$1,500Service charges on deposit accounts
$0Trading account gains & fees
$1,380Additional noninterest income
$8,556Total noninterest expense
$2,604Salaries and employee benefits
$1,322Premises and equipment expense
$4,630Additional noninterest expense
$10,129Pre-tax net operating income
$322Securities gains (losses)
$3,137Applicable income taxes
$7,314Income before extraordinary items
$0Extraordinary gains - net
$7,314Net income attributable to bank
$0Net charge-offs
$7,314Cash dividends
$719Sale, conversion, retirement of capital stock, net
$4,300Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.27%Yield on earning assets
1.14%Cost of funding earning assets
4.13%Net interest margin
0.65%Noninterest income to earning assets
1.94%Noninterest expense to earning assets
1.53%Net operating income to assets
1.58%Return on assets (ROA)
2.26%Pretax return on assets
20.40%Return on equity (ROE)
8.41%Retained earnings to average equity (YTD only)
0.35%Net charge-offs to loans
337.83%Credit loss provision to net charge-offs
17.47%Efficiency ratio
40,523Assets per employee
14.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
58.79%Loss allowance to loans
2.27%Loss allowance to noncurrent loans
53.71%Noncurrent assets plus other real estate owned to assets
1.92%Noncurrent loans to loans
4.22%Net loans and leases to deposits
46.42%Net loans and leases to core deposits
50.77%Equity capital to assets
7.62%Core capital (leverage) ratio
7.30%Tier 1 risk-based capital ratio
14.19%Total risk-based capital ratio
Memoranda
$15Average assets
$462,364Average earning assets
$35,847Average equity
$440,988Average loans
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