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 WWW:http://www.firstfarmbank.com 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
No
ID
Name
Address
Established
Service Type
Map
0
454911
First Farmbank
127 22nd Street, Greeley, CO 80631
Febuary 12, 2007
Full Service Brick and Mortar
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