FirstBank of Arvada in Arvada, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 16, 2010

  • FirstBank of Arvada in Arvada, Colorado (CO)
  • Show street view No street view available for this location

FirstBank of Arvada - Overview

  • General
  • FDIC Certificate #: 22794
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FirstBank (#18714)
    Federal Reserve ID: 936556
    Date Established: January 29, 1979
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 11103
    FDIC's unique #: 15917
    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: January 29, 1979
    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: 6355 Ward Road, Arvada, CO 80001
    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: $433.3 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
  • 45Total employees (full-time equivalent)
  • $413,611Total assets
  • $4,292Cash and due from depository institutions
  • $29Interest-bearing balances
  • $301,346Securities
  • $5,883Federal funds sold & reverse repurchase agreements
  • $91,832Net loans & leases
  • $1,210Loan loss allowance
  • $0Trading account assets
  • $4,405Bank premises and fixed assets
  • $688Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,165All other assets
  • $413,611Total liabilities and capital
  • $387,226Total liabilities
  • $386,100Total deposits
  • $336,542Interest-bearing deposits
  • $386,100Deposits held in domestic offices
  • 89.84%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,126All other liabilities
  • $26,385Total equity capital
  • $26,385Total bank equity capital
  • $26,385Perpetual preferred stock
  • $0Common stock
  • $1,600Surplus
  • $1,600Undivided profits
  • Memoranda
  • $23,185Noncurrent loans and leases
  • $27,763Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $124Earning assets
  • $0Long-term assets (5+ years)
  • $1,944Average Assets, year-to-date
  • $399,090Average Assets, quarterly
  • $191,172Volatile liabilities
  • $388,978Insider loans
  • $409,385FHLB advances
  • $57,770Loans and leases held for sale
  • $85Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $139Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $27,763Total unused commitments
  • $0Restructured Loans and leases
  • $1,228Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $19,616Total interest income
  • $4,505Total interest expense
  • $15,111Net interest income
  • $232Provision for loan and lease losses
  • $2,748Total noninterest income
  • $0Fiduciary activities
  • $1,511Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,237Additional noninterest income
  • $7,539Total noninterest expense
  • $2,726Salaries and employee benefits
  • $651Premises and equipment expense
  • $4,162Additional noninterest expense
  • $10,088Pre-tax net operating income
  • -$167Securities gains (losses)
  • $2,776Applicable income taxes
  • $7,145Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,145Net income attributable to bank
  • $0Net charge-offs
  • $7,145Cash dividends
  • $103Sale, conversion, retirement of capital stock, net
  • $3,300Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.23%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 2.01%Noninterest expense to earning assets
  • 1.87%Net operating income to assets
  • 1.84%Return on assets (ROA)
  • 2.55%Pretax return on assets
  • 30.73%Return on equity (ROE)
  • 16.54%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 225.24%Credit loss provision to net charge-offs
  • 100.19%Efficiency ratio
  • 42,214Assets per employee
  • 9.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.19%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 975.81%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 23.78%Net loans and leases to core deposits
  • 27.97%Equity capital to assets
  • 6.38%Core capital (leverage) ratio
  • 6.28%Tier 1 risk-based capital ratio
  • 16.01%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $388,978Average earning assets
  • $23,248Average equity
  • $375,204Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with FirstBank of Arvada.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents