FDIC Certificate #: 20068 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 128959 Date Established: October 30, 1969 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 11105 FDIC's unique #: 13784 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 30, 1969 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: 4350 Wadsworth Boulevard, Wheat Ridge, CO 80033 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: $377.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
57Total employees (full-time equivalent)
$368,031Total assets
$4,457Cash and due from depository institutions
$30Interest-bearing balances
$221,579Securities
$20,368Federal funds sold & reverse repurchase agreements
$105,394Net loans & leases
$1,788Loan loss allowance
$0Trading account assets
$10,488Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,745All other assets
$368,031Total liabilities and capital
$341,787Total liabilities
$339,904Total deposits
$298,704Interest-bearing deposits
$339,904Deposits held in domestic offices
93.14%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,883All other liabilities
$26,244Total equity capital
$26,244Total bank equity capital
$26,244Perpetual preferred stock
$0Common stock
$1,650Surplus
$1,650Undivided profits
Memoranda
$22,944Noncurrent loans and leases
$20,745Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,377Earning assets
$0Long-term assets (5+ years)
$1,623Average Assets, year-to-date
$347,371Average Assets, quarterly
$204,982Volatile liabilities
$355,120Insider loans
$366,215FHLB advances
$43,813Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$20,745Total unused commitments
$0Restructured Loans and leases
$1,810Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$17,201Total interest income
$4,325Total interest expense
$12,876Net interest income
$1,130Provision for loan and lease losses
$3,250Total noninterest income
$0Fiduciary activities
$1,688Service charges on deposit accounts
$0Trading account gains & fees
$1,562Additional noninterest income
$8,330Total noninterest expense
$3,246Salaries and employee benefits
$796Premises and equipment expense
$4,288Additional noninterest expense
$6,666Pre-tax net operating income
$549Securities gains (losses)
$1,831Applicable income taxes
$5,384Income before extraordinary items
$0Extraordinary gains - net
$5,384Net income attributable to bank
$0Net charge-offs
$5,384Cash dividends
$995Sale, conversion, retirement of capital stock, net
$2,750Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.14%Yield on earning assets
1.29%Cost of funding earning assets
3.85%Net interest margin
0.97%Noninterest income to earning assets
2.49%Noninterest expense to earning assets
1.40%Net operating income to assets
1.52%Return on assets (ROA)
2.03%Pretax return on assets
23.06%Return on equity (ROE)
11.28%Retained earnings to average equity (YTD only)
0.97%Net charge-offs to loans
113.57%Credit loss provision to net charge-offs
7.84%Efficiency ratio
51,656Assets per employee
6.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
51.08%Loss allowance to loans
1.67%Loss allowance to noncurrent loans
75.22%Noncurrent assets plus other real estate owned to assets
0.76%Noncurrent loans to loans
2.22%Net loans and leases to deposits
31.01%Net loans and leases to core deposits
35.60%Equity capital to assets
7.13%Core capital (leverage) ratio
6.76%Tier 1 risk-based capital ratio
16.15%Total risk-based capital ratio
Memoranda
$17Average assets
$355,120Average earning assets
$23,351Average equity
$334,866Average loans
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