FirstBank North in Westminster, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 16, 2010

  • FirstBank North in Westminster, Colorado (CO)
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FirstBank North - Overview

  • General
  • FDIC Certificate #: 26635
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FirstBank (#18714)
    Federal Reserve ID: 538352
    Date Established: March 27, 1986
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 11098
    FDIC's unique #: 35367
    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: March 27, 1986
    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
  • Location
  • Address: 8800 Wadsworth Boulevard, Westminster, CO 80020
    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 Summary
  • Total assets: $482.5 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
  • 70Total employees (full-time equivalent)
  • $443,347Total assets
  • $5,295Cash and due from depository institutions
  • $31Interest-bearing balances
  • $294,386Securities
  • $24,199Federal funds sold & reverse repurchase agreements
  • $96,325Net loans & leases
  • $1,426Loan loss allowance
  • $0Trading account assets
  • $16,635Bank premises and fixed assets
  • $416Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $6,091All other assets
  • $443,347Total liabilities and capital
  • $414,498Total liabilities
  • $411,956Total deposits
  • $349,492Interest-bearing deposits
  • $411,956Deposits held in domestic offices
  • 89.22%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,542All other liabilities
  • $28,849Total equity capital
  • $28,849Total bank equity capital
  • $28,849Perpetual preferred stock
  • $0Common stock
  • $1,100Surplus
  • $2,675Undivided profits
  • Memoranda
  • $25,074Noncurrent loans and leases
  • $20,434Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,532Earning assets
  • $0Long-term assets (5+ years)
  • $1,948Average Assets, year-to-date
  • $414,941Average Assets, quarterly
  • $207,181Volatile liabilities
  • $418,525Insider loans
  • $439,791FHLB advances
  • $58,515Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $20,434Total unused commitments
  • $0Restructured Loans and leases
  • $1,446Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $20,840Total interest income
  • $4,648Total interest expense
  • $16,192Net interest income
  • $691Provision for loan and lease losses
  • $5,062Total noninterest income
  • $0Fiduciary activities
  • $2,578Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,484Additional noninterest income
  • $10,795Total noninterest expense
  • $3,971Salaries and employee benefits
  • $1,430Premises and equipment expense
  • $5,394Additional noninterest expense
  • $9,768Pre-tax net operating income
  • -$716Securities gains (losses)
  • $2,243Applicable income taxes
  • $6,809Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,809Net income attributable to bank
  • $0Net charge-offs
  • $6,809Cash dividends
  • $221Sale, conversion, retirement of capital stock, net
  • $2,750Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.30%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 4.12%Net interest margin
  • 1.29%Noninterest income to earning assets
  • 2.75%Noninterest expense to earning assets
  • 1.76%Net operating income to assets
  • 1.63%Return on assets (ROA)
  • 2.16%Pretax return on assets
  • 27.82%Return on equity (ROE)
  • 16.59%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 312.67%Credit loss provision to net charge-offs
  • 47.33%Efficiency ratio
  • 50,790Assets per employee
  • 6.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.39%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 93.08%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 1.57%Net loans and leases to deposits
  • 23.38%Net loans and leases to core deposits
  • 27.25%Equity capital to assets
  • 6.51%Core capital (leverage) ratio
  • 6.44%Tier 1 risk-based capital ratio
  • 13.99%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $418,525Average earning assets
  • $24,472Average equity
  • $393,229Average loans

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