First United Bank, National Association in Englewood, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 21, 2007

  • First United Bank, National Association in Englewood, Colorado (CO)
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First United Bank, National Association - Overview

  • General
  • FDIC Certificate #: 24312
    Status: Inactive
    Closing history: Change in Location
    Acquiring institution: CoreFirst Bank & Trust (#18100)
    Federal Reserve ID: 938653
    Date Established: January 12, 1983
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 11 (Interstate: No)
    FDIC's unique #: 16913
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 12, 1983
    Last Structure Change Effective Date: September 21, 2007
    Last Structure Change Process Date: October 03, 2007
    Last Data Update: October 03, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 8310 South Valley Highway, 3rd Floor, Englewood, CO 80112
    County: Douglas
    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
  • Merger - Without Assistance
    Office Sold
    Change in Location
  • Financial Summary
  • Total assets: $189.6 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, 2006)

  • Dollar figures in thousands
  • 91Total employees (full-time equivalent)
  • $178,336Total assets
  • $3,654Cash and due from depository institutions
  • $0Interest-bearing balances
  • $696Securities
  • $12,044Federal funds sold & reverse repurchase agreements
  • $132,588Net loans & leases
  • $3,864Loan loss allowance
  • $0Trading account assets
  • $23,257Bank premises and fixed assets
  • $1,975Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,122All other assets
  • $178,336Total liabilities and capital
  • $158,343Total liabilities
  • $154,975Total deposits
  • $116,893Interest-bearing deposits
  • $154,975Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,243Other borrowed funds
  • $0Subordinated debt
  • $1,125All other liabilities
  • $19,993Total equity capital
  • $19,993Total bank equity capital
  • $19,993Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $10,632Undivided profits
  • Memoranda
  • $6,861Noncurrent loans and leases
  • $30,845Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,587Earning assets
  • $0Long-term assets (5+ years)
  • $862Average Assets, year-to-date
  • $145,328Average Assets, quarterly
  • $4,163Volatile liabilities
  • $176,576Insider loans
  • $178,807FHLB advances
  • $25,042Loans and leases held for sale
  • $0Unused loan commitments
  • $2,243Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $30,845Total unused commitments
  • $0Restructured Loans and leases
  • $2,071Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $13,850Total interest income
  • $3,795Total interest expense
  • $10,055Net interest income
  • $2,386Provision for loan and lease losses
  • $2,207Total noninterest income
  • $0Fiduciary activities
  • $827Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,380Additional noninterest income
  • $10,785Total noninterest expense
  • $6,245Salaries and employee benefits
  • $1,786Premises and equipment expense
  • $2,754Additional noninterest expense
  • -$909Pre-tax net operating income
  • $0Securities gains (losses)
  • -$336Applicable income taxes
  • -$573Income before extraordinary items
  • $0Extraordinary gains - net
  • -$573Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $111Sale, conversion, retirement of capital stock, net
  • $590Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.45%Yield on earning assets
  • 2.59%Cost of funding earning assets
  • 6.86%Net interest margin
  • 1.51%Noninterest income to earning assets
  • 7.36%Noninterest expense to earning assets
  • -0.32%Net operating income to assets
  • -0.32%Return on assets (ROA)
  • -0.51%Pretax return on assets
  • -2.72%Return on equity (ROE)
  • -5.52%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 2149.55%Credit loss provision to net charge-offs
  • 13.31%Efficiency ratio
  • 87,955Assets per employee
  • 1.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -102.97%Loss allowance to loans
  • 2.83%Loss allowance to noncurrent loans
  • 40.30%Noncurrent assets plus other real estate owned to assets
  • 6.48%Noncurrent loans to loans
  • 7.03%Net loans and leases to deposits
  • 85.55%Net loans and leases to core deposits
  • 102.04%Equity capital to assets
  • 11.21%Core capital (leverage) ratio
  • 11.32%Tier 1 risk-based capital ratio
  • 12.22%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $176,576Average earning assets
  • $21,087Average equity
  • $146,573Average loans

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