FirstBank in Littleton, Colorado (CO)



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FirstBank
GeneralFDIC Certificate #: 26460
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: FirstBank (#18714)
Federal Reserve ID: 1005860
Date Established: December 06, 1985
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
OTS Docket #: 16052
FDIC's unique #: 33115
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: December 06, 1985
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
LocationAddress: 7403 West Chatfield Avenue, Unit C, Littleton, CO 80128
County: Jefferson
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)
Financial SummaryTotal assets: $360.8 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, 2009)
(Dollar figures in thousands)
Total employees (full-time equivalent)49
Total assets$333,748
Cash and due from depository institutions$4,185
Interest-bearing balances$36
Securities$177,227
Federal funds sold & reverse repurchase agreements$6,942
Net loans & leases$132,058
Loan loss allowance $2,944
Trading account assets$0
Bank premises and fixed assets$8,425
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$4,911
Life insurance assets$0
Total liabilities and capital$333,748
Total liabilities$312,672
Total deposits$311,269
Interest-bearing deposits$276,909
Deposits held in domestic offices$311,269
% insured (estimated)83.30%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $1,403
Total equity capital$21,076
Total bank equity capital$21,076
Perpetual preferred stock$21,076
Common stock$0
Surplus$1,260
Undivided profits $2,660
Memoranda
Noncurrent loans and leases $17,156
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $21,206
Income earned, not collected on loans $0
Earning assets $1,842
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,498
Average Assets, quarterly $316,263
Volatile liabilities $161,125
Insider loans $308,601
FHLB advances $320,787
Loans and leases held for sale $56,932
Unused loan commitments $439
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $21,206
Restructured Loans and leases $2,173
Derivatives$2,086
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Income and Expense (December 31, 2009)
(Dollar figures in thousands)
Total interest income $15,945
Total interest expense $3,920
Net interest income $12,025
Provision for loan and lease losses $1,675
Total noninterest income $2,049
Fiduciary activities $0
Service charges on deposit accounts $1,202
Trading account gains & fees $0
Additional noninterest income $847
Total noninterest expense $7,914
Salaries and employee benefits $3,125
Premises and equipment expense $1,564
Additional noninterest expense $3,225
Pre-tax net operating income $4,485
Securities gains (losses) $1
Applicable income taxes $1,509
Income before extraordinary items $2,977
Extraordinary gains - net $0
Net income attributable to bank $2,977
Net charge-offs $0
Cash dividends $2,977
Sale, conversion, retirement of capital stock, net $653
Net operating income $1,650
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Performance and Condition Ratios (December 31, 2009)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.46%
Cost of funding earning assets 1.34%
Net interest margin 4.12%
Noninterest income to earning assets 0.70%
Noninterest expense to earning assets 2.71%
Net operating income to assets 0.96%
Return on assets (ROA) 0.96%
Pretax return on assets 1.45%
Return on equity (ROE) 14.41%
Retained earnings to average equity (YTD only) 6.42%
Net charge-offs to loans 0.50%
Credit loss provision to net charge-offs 256.51%
Efficiency ratio9.43%
Assets per employee$56,231
Cash dividends to net income (YTD only)6.81%
Condition Ratios (%)
Loss allowance to loans 55.42%
Loss allowance to noncurrent loans 2.18%
Noncurrent assets plus other real estate owned to assets 159.83%
Noncurrent loans to loans 0.55%
Net loans and leases to deposits1.36%
Net loans and leases to core deposits 42.43%
Equity capital to assets 51.92%
Core capital (leverage) ratio 6.31%
Tier 1 risk-based capital ratio 6.40%
Total risk-based capital ratio 12.41%
Memoranda
Average assets$14
Average earning assets$308,601
Average equity $20,663
Average loans $292,151
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