FDIC Certificate #: 19768 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 122658 Date Established: November 30, 1967 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) OTS Docket #: 11044 FDIC's unique #: 13562 Numeric code: 13 Regulator: FED 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: November 30, 1967 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: 17 Vail Road, Vail, CO 81657 County: Eagle 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 Core Based Statistical Area (CBSA): Edwards, CO (#20780) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $309.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
43Total employees (full-time equivalent)
$314,062Total assets
$6,191Cash and due from depository institutions
$54Interest-bearing balances
$53,766Securities
$2,017Federal funds sold & reverse repurchase agreements
$236,597Net loans & leases
$4,681Loan loss allowance
$0Trading account assets
$5,770Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$9,721All other assets
$314,062Total liabilities and capital
$287,401Total liabilities
$285,694Total deposits
$231,660Interest-bearing deposits
$285,694Deposits held in domestic offices
80.14%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,707All other liabilities
$26,661Total equity capital
$26,661Total bank equity capital
$26,661Perpetual preferred stock
$0Common stock
$8,050Surplus
$8,000Undivided profits
Memoranda
$10,611Noncurrent loans and leases
$50,134Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,786Earning assets
$0Long-term assets (5+ years)
$1,172Average Assets, year-to-date
$292,434Average Assets, quarterly
$104,136Volatile liabilities
$336,317Insider loans
$324,529FHLB advances
$21,925Loans and leases held for sale
$285Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$50,134Total unused commitments
$0Restructured Loans and leases
$2,516Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$18,377Total interest income
$2,523Total interest expense
$15,854Net interest income
$2,506Provision for loan and lease losses
$2,460Total noninterest income
$0Fiduciary activities
$1,201Service charges on deposit accounts
$0Trading account gains & fees
$1,259Additional noninterest income
$8,227Total noninterest expense
$3,547Salaries and employee benefits
$921Premises and equipment expense
$3,759Additional noninterest expense
$7,581Pre-tax net operating income
$767Securities gains (losses)
$2,807Applicable income taxes
$5,541Income before extraordinary items
$0Extraordinary gains - net
$5,541Net income attributable to bank
$0Net charge-offs
$5,541Cash dividends
$1,443Sale, conversion, retirement of capital stock, net
$2,950Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.77%Yield on earning assets
0.79%Cost of funding earning assets
4.98%Net interest margin
0.77%Noninterest income to earning assets
2.58%Noninterest expense to earning assets
1.50%Net operating income to assets
1.65%Return on assets (ROA)
2.48%Pretax return on assets
21.68%Return on equity (ROE)
10.14%Retained earnings to average equity (YTD only)
0.58%Net charge-offs to loans
173.67%Credit loss provision to net charge-offs
6.99%Efficiency ratio
44,922Assets per employee
7.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.24%Loss allowance to loans
1.94%Loss allowance to noncurrent loans
80.90%Noncurrent assets plus other real estate owned to assets
1.84%Noncurrent loans to loans
2.40%Net loans and leases to deposits
82.81%Net loans and leases to core deposits
89.70%Equity capital to assets
8.49%Core capital (leverage) ratio
8.48%Tier 1 risk-based capital ratio
13.34%Total risk-based capital ratio
Memoranda
$15Average assets
$336,317Average earning assets
$25,553Average equity
$318,467Average loans
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