FirstBank of Adams County in Thornton, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 16, 2010

  • FirstBank of Adams County in Thornton, Colorado (CO)
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FirstBank of Adams County - Overview

  • General
  • FDIC Certificate #: 35273
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FirstBank (#18714)
    Federal Reserve ID: 2804882
    Date Established: July 06, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    FDIC's unique #: 77237
    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: July 06, 1999
    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: 3990 East 104th Avenue, Thornton, CO 80233
    County: Adams
    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: $223.9 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
  • 49Total employees (full-time equivalent)
  • $216,977Total assets
  • $3,776Cash and due from depository institutions
  • $50Interest-bearing balances
  • $134,787Securities
  • $9,935Federal funds sold & reverse repurchase agreements
  • $53,938Net loans & leases
  • $884Loan loss allowance
  • $0Trading account assets
  • $11,306Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,235All other assets
  • $216,977Total liabilities and capital
  • $201,967Total liabilities
  • $199,594Total deposits
  • $171,098Interest-bearing deposits
  • $199,594Deposits held in domestic offices
  • 80.98%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,373All other liabilities
  • $15,010Total equity capital
  • $15,010Total bank equity capital
  • $15,010Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $4,802Undivided profits
  • Memoranda
  • $9,208Noncurrent loans and leases
  • $13,859Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $379Earning assets
  • $0Long-term assets (5+ years)
  • $863Average Assets, year-to-date
  • $198,710Average Assets, quarterly
  • $95,590Volatile liabilities
  • $204,771Insider loans
  • $214,236FHLB advances
  • $38,965Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $414Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $13,859Total unused commitments
  • $1,507Restructured Loans and leases
  • $895Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $9,501Total interest income
  • $2,681Total interest expense
  • $6,820Net interest income
  • $382Provision for loan and lease losses
  • $4,075Total noninterest income
  • $0Fiduciary activities
  • $2,316Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,759Additional noninterest income
  • $6,704Total noninterest expense
  • $2,576Salaries and employee benefits
  • $901Premises and equipment expense
  • $3,227Additional noninterest expense
  • $3,809Pre-tax net operating income
  • $0Securities gains (losses)
  • $765Applicable income taxes
  • $3,044Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,044Net income attributable to bank
  • $0Net charge-offs
  • $3,044Cash dividends
  • $414Sale, conversion, retirement of capital stock, net
  • $750Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 3.59%Net interest margin
  • 2.15%Noninterest income to earning assets
  • 3.53%Noninterest expense to earning assets
  • 1.49%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 1.86%Pretax return on assets
  • 23.50%Return on equity (ROE)
  • 17.71%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 92.27%Credit loss provision to net charge-offs
  • 10.12%Efficiency ratio
  • 61,533Assets per employee
  • 4.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.64%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 233.25%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 27.02%Net loans and leases to core deposits
  • 33.58%Equity capital to assets
  • 6.92%Core capital (leverage) ratio
  • 6.37%Tier 1 risk-based capital ratio
  • 13.60%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $204,771Average earning assets
  • $12,952Average equity
  • $189,958Average loans

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