First FarmBank in Greeley, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First FarmBank in Greeley, Colorado (CO)
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First FarmBank - Overview

  • General
  • FDIC Certificate #: 58508
    Status: Active
    Federal Reserve ID: 3411773
    Bank Holding Company (Regulatory Top Holder): Investment Opts, Llc (RSSDID: 3521403, Location: Bethune, CO)
    Date Established: Febuary 12, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 454911
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: Febuary 12, 2007
    Last Structure Change Effective Date: August 20, 2007
    Last Structure Change Process Date: August 21, 2007
    Last Data Update: August 21, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 127 22nd Street, Greeley, CO 80631
    County: Weld
    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): Greeley, CO (#3060)
    Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
    Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
    Core Based Statistical Area (CBSA): Greeley, CO (#24540)
    CBSA Metro Statistical Area: Greeley, CO (#24540)
  • Financial Summary
  • Total assets: $78.0 mil
    Equity capital: $8.1 mil
    Deposits held in domestic offices: $62.1 mil
    Return on assets (ROA): 0.96% ($0.7 mil)
    Quarterly return on assets: 0.98% ($0.8 mil)
    Return on Equity (ROE): 9.54% ($0.8 mil)
    Quarterly return on equity: 9.75% ($0.8 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.46% ($1,139.0 mil)
    Quarterly Pretax return on assets: 1.55% ($1,209.2 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
  • 15Total employees (full-time equivalent)
  • $78,012Total assets
  • $3,282Cash and due from depository institutions
  • $1,549Interest-bearing balances
  • $16,037Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $56,455Net loans & leases
  • $755Loan loss allowance
  • $0Trading account assets
  • $268Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $78,012Life insurance assets
  • $1,970All other assets
  • $69,877Total liabilities and capital
  • $62,083Total liabilities
  • $52,664Total deposits
  • $62,083Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 400.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $394Subordinated debt
  • $8,135All other liabilities
  • $8,135Total equity capital
  • $8,135Total bank equity capital
  • $0Perpetual preferred stock
  • $650Common stock
  • $7,040Surplus
  • $445Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $840Long-term assets (5+ years)
  • $74,041Average Assets, year-to-date
  • $17,874Average Assets, quarterly
  • $76,738Volatile liabilities
  • $79,767Insider loans
  • $63,126FHLB advances
  • $80,433Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,100Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,040Restructured Loans and leases
  • $301Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,047Total interest income
  • $813Total interest expense
  • $3,234Net interest income
  • $78Provision for loan and lease losses
  • $59Total noninterest income
  • $0Fiduciary activities
  • $25Service charges on deposit accounts
  • $0Trading account gains & fees
  • $34Additional noninterest income
  • $2,111Total noninterest expense
  • $1,155Salaries and employee benefits
  • $228Premises and equipment expense
  • $728Additional noninterest expense
  • $1,104Pre-tax net operating income
  • $14Securities gains (losses)
  • $383Applicable income taxes
  • $735Income before extraordinary items
  • $0Extraordinary gains - net
  • $735Net income attributable to bank
  • $0Net charge-offs
  • $735Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.53%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 4.42%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 9.54%Return on equity (ROE)
  • 9.54%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,106Assets per employee
  • 5.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 90.93%Net loans and leases to core deposits
  • 102.21%Equity capital to assets
  • 10.43%Core capital (leverage) ratio
  • 10.07%Tier 1 risk-based capital ratio
  • 12.83%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $76,738Average earning assets
  • $7,707Average equity
  • $73,207Average loans

List of branches

  • 1 Colorado Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0454911First Farmbank127 22nd Street, Greeley, CO 80631Febuary 12, 2007Full Service Brick and Mortar

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