CoBiz Bank in Denver, Colorado (CO), AZ
Overview, Financial Summary, Detailed Financial Reports, Branches

CoBiz Bank - Overview

  • General
  • FDIC Certificate #: 22683
    Status: Active
    Federal Reserve ID: 56557
    Bank Holding Company (Regulatory Top Holder): Cobiz Financial, Inc. (RSSDID: 1060328, Location: Denver, CO)
    Date Established: July 14, 1978
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 20 (Domestic: 20, Interstate: Yes)
    OTS Docket #: 13120
    FDIC's unique #: 15834
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: Yes
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 14, 1978
    Last Structure Change Effective Date: April 13, 2007
    Last Structure Change Process Date: April 19, 2007
    Last Data Update: April 19, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 821 - 17th Street, Denver, CO 80202
    County: Denver
    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)
  • History of Changes
  • Name Change
    Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $2,372.4 mil
    Equity capital: $237.2 mil
    Deposits held in domestic offices: $1,848.3 mil
    Return on assets (ROA): 1.33% ($31.5 mil)
    Quarterly return on assets: 1.70% ($40.3 mil)
    Return on Equity (ROE): 14.20% ($33.7 mil)
    Quarterly return on equity: 17.37% ($41.2 mil)
    Net income: $31.4 mil
    Quarterly Net income: $10.1 mil
    Pretax return on assets: 1.80% ($42,703.2 mil)
    Quarterly Pretax return on assets: 1.57% ($37,246.7 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, 2011)

  • Dollar figures in thousands
  • 405Total employees (full-time equivalent)
  • $2,372,399Total assets
  • $52,730Cash and due from depository institutions
  • $13,608Interest-bearing balances
  • $623,753Securities
  • $805Federal funds sold & reverse repurchase agreements
  • $1,573,317Net loans & leases
  • $54,347Loan loss allowance
  • $0Trading account assets
  • $4,796Bank premises and fixed assets
  • $7,448Other real estate owned
  • $0Goodwill and other intangibles
  • $2,372,399Life insurance assets
  • $109,550All other assets
  • $2,135,159Total liabilities and capital
  • $1,946,005Total liabilities
  • $1,206,093Total deposits
  • $1,848,257Interest-bearing deposits
  • $70Deposits held in domestic offices
  • 127948.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $0Other borrowed funds
  • $41,206Subordinated debt
  • $237,240All other liabilities
  • $237,240Total equity capital
  • $237,240Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $125,309Surplus
  • $111,731Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $29,011Income earned, not collected on loans
  • $1,941Earning assets
  • $8,441Long-term assets (5+ years)
  • $2,211,483Average Assets, year-to-date
  • $407,517Average Assets, quarterly
  • $2,363,530Volatile liabilities
  • $2,373,464Insider loans
  • $1,911,344FHLB advances
  • $2,373,853Loans and leases held for sale
  • $39,767Unused loan commitments
  • $37,844Tier 1 (core) risk-based capital
  • $230,880Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,923Total unused commitments
  • $561,605Restructured Loans and leases
  • $11,013Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $111,726Total interest income
  • $9,001Total interest expense
  • $102,725Net interest income
  • $569Provision for loan and lease losses
  • $9,874Total noninterest income
  • $1,265Fiduciary activities
  • $4,950Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,659Additional noninterest income
  • $69,173Total noninterest expense
  • $40,775Salaries and employee benefits
  • $10,675Premises and equipment expense
  • $17,723Additional noninterest expense
  • $42,857Pre-tax net operating income
  • -$261Securities gains (losses)
  • $11,233Applicable income taxes
  • $31,363Income before extraordinary items
  • $0Extraordinary gains - net
  • $31,363Net income attributable to bank
  • $0Net charge-offs
  • $31,363Cash dividends
  • $12,064Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.05%Yield on earning assets
  • 0.41%Cost of funding earning assets
  • 4.64%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 1.34%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 1.80%Pretax return on assets
  • 14.20%Return on equity (ROE)
  • 14.20%Retained earnings to average equity (YTD only)
  • 0.74%Net charge-offs to loans
  • 4.72%Credit loss provision to net charge-offs
  • 3.60%Efficiency ratio
  • 61,433Assets per employee
  • 5.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.34%Loss allowance to noncurrent loans
  • 187.33%Noncurrent assets plus other real estate owned to assets
  • 1.54%Noncurrent loans to loans
  • 1.78%Net loans and leases to deposits
  • 80.85%Net loans and leases to core deposits
  • 95.44%Equity capital to assets
  • 10.00%Core capital (leverage) ratio
  • 9.73%Tier 1 risk-based capital ratio
  • 12.08%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,363,530Average earning assets
  • $220,940Average equity
  • $2,212,206Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $192,307Managed Assets
  • 1Number of Accounts
  • $124,745Personal trust and agency accounts
  • $75,317Employee benefit-defined contribution accounts
  • $1,010Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $7,597Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $37,475Other fiduciary accounts
  • $3,346Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 252Number of Accounts
  • $0Personal trust and agency accounts
  • $7,597Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $67,562Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 7 Arizona Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1156976Arizona Business Bank-Phoenix Branch2600 North Central Avenue, Phoenix, AZ 85004August 07, 1996Full Service Brick and Mortar
    12290480Arizona Business Bank-Surprise Branc12775 W. Bell Road, Surprise, AZ 85374March 09, 1998Full Service Brick and Mortar
    13365822Arizona Business Bank - Tempe1620 West Fountainhead Pkwy., #119, Tempe, AZ 85282November 04, 2002Full Service Brick and Mortar
    14418979Arizona Business Bank - Scottsdale6909 E. Greenway Parkway, Suite 150, Scottsdale, AZ 85254March 12, 2003Full Service Brick and Mortar
    17442982Arizona Business Bank - East Valley1757 E. Baseline Road Suite 101, Gilbert, AZ 85233Febuary 04, 2005Full Service Brick and Mortar
    19452563Arizona Business Bank - Chandler2727 W. Frye Road, Suite 100, Chandler, AZ 85224July 06, 2005Full Service Brick and Mortar
    20466151Arizona Business Bank - Scottsdale F7150 E Camelback Road Suite 100, Scottsdale, AZ 85251June 30, 2007Full Service Brick and Mortar
  • 13 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015834Cobiz Bank821 - 17th Street, Denver, CO 80202July 14, 1978Full Service Brick and Mortar
    1255133Tremont Branch1275 Tremont Place, Denver, CO 80204December 07, 1981Limited Service Facility
    417430Colorado Business Bank-Littleton Bra101 West Mineral Avenue, Littleton, CO 80120April 16, 1984Full Service Brick and Mortar
    5257916Colorado Business Bank-Boulder Branc2025 Pearl Street, Boulder, CO 80302October 26, 1995Full Service Brick and Mortar
    6257917Colorado Business Bank-Prince Branch2409 West Main Street, Littleton, CO 80120Febuary 19, 1997Full Service Brick and Mortar
    7255134Colorado Business Bank-West Branch15710 W Colfax Ave, Golden, CO 80401December 22, 1997Full Service Brick and Mortar
    8255135Colorado Business Bank-Dtc Branch482 Ulster Street Parkway, Suite 100, Denver, CO 80237September 15, 1998Full Service Brick and Mortar
    10255137Colorado Business Bank - Vail Valley0056 Edwards Village Blvd Suite 130, Edwards, CO 81632June 14, 1999Full Service Brick and Mortar
    15429633Colorado Business Bank - Northeast B4695 Quebec Street, Denver, CO 80216October 01, 2003Full Service Brick and Mortar
    18442983Colorado Business Bank - Northwest B400 Centennial Parkway Suite 100, Louisville, CO 80027November 22, 2004Full Service Brick and Mortar
    21467614212 Chambers Avenue Branch212 Chambers Avenue, #3, Eagle, CO 81631August 27, 2007Full Service Brick and Mortar
    23479917Cherry Creek Branch301 University Boulevard, Denver, CO 80206August 04, 2008Full Service Brick and Mortar
    25518300Cobiz Trust Branch1099 18th Street, Suite 3000, Denver, CO 80202January 30, 2011Full Service Brick and Mortar

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