FDIC Certificate #: 35275 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 2804891 Date Established: June 14, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 77240 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: June 14, 1999 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: 5815 Constitution Avenue, Colorado Springs, CO 80915 County: El Paso 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): Colorado Springs, CO (#1720) Core Based Statistical Area (CBSA): Colorado Springs, CO (#17820) CBSA Metro Statistical Area: Colorado Springs, CO (#17820)
Financial Summary
Total assets: $158.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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)
$159,431Total assets
$2,992Cash and due from depository institutions
$30Interest-bearing balances
$64,176Securities
$3,070Federal funds sold & reverse repurchase agreements
$75,278Net loans & leases
$1,153Loan loss allowance
$0Trading account assets
$11,346Bank premises and fixed assets
$311Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,258All other assets
$159,431Total liabilities and capital
$147,246Total liabilities
$146,175Total deposits
$117,827Interest-bearing deposits
$146,175Deposits held in domestic offices
93.10%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,071All other liabilities
$12,185Total equity capital
$12,185Total bank equity capital
$12,185Perpetual preferred stock
$0Common stock
$1,000Surplus
$4,713Undivided profits
Memoranda
$6,472Noncurrent loans and leases
$11,708Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$210Earning assets
$0Long-term assets (5+ years)
$600Average Assets, year-to-date
$142,554Average Assets, quarterly
$95,713Volatile liabilities
$156,855Insider loans
$156,791FHLB advances
$15,778Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,708Total unused commitments
$0Restructured Loans and leases
$1,035Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$8,267Total interest income
$1,668Total interest expense
$6,599Net interest income
$388Provision for loan and lease losses
$2,666Total noninterest income
$0Fiduciary activities
$1,440Service charges on deposit accounts
$0Trading account gains & fees
$1,226Additional noninterest income
$6,112Total noninterest expense
$2,404Salaries and employee benefits
$1,004Premises and equipment expense
$2,704Additional noninterest expense
$2,765Pre-tax net operating income
$0Securities gains (losses)
$683Applicable income taxes
$2,082Income before extraordinary items
$0Extraordinary gains - net
$2,082Net income attributable to bank
$0Net charge-offs
$2,082Cash dividends
$94Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.87%Yield on earning assets
1.18%Cost of funding earning assets
4.69%Net interest margin
1.89%Noninterest income to earning assets
4.34%Noninterest expense to earning assets
1.33%Net operating income to assets
1.33%Return on assets (ROA)
1.76%Pretax return on assets
19.17%Return on equity (ROE)
19.17%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
412.77%Credit loss provision to net charge-offs
33.54%Efficiency ratio
65,969Assets per employee
3.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.51%Loss allowance to noncurrent loans
549.05%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.27%Net loans and leases to deposits
51.50%Net loans and leases to core deposits
57.73%Equity capital to assets
7.64%Core capital (leverage) ratio
7.76%Tier 1 risk-based capital ratio
14.47%Total risk-based capital ratio
Memoranda
$16Average assets
$156,855Average earning assets
$10,861Average equity
$140,843Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Firstbank of El Paso County.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: