FirstBank of Aurora in Aurora, Colorado (CO)



Show street view No street view available for this location
Table of contents:
FirstBank of Aurora
GeneralFDIC Certificate #: 24200
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: FirstBank (#18714)
Federal Reserve ID: 939155
Date Established: November 26, 1982
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 10 (Interstate: No)
OTS Docket #: 11112
FDIC's unique #: 16853
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: November 26, 1982
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: 2300 South Havana Street, Aurora, CO 80014
County: Arapahoe
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: $474.6 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, 2009)
(Dollar figures in thousands)
Total employees (full-time equivalent)104
Total assets$473,539
Cash and due from depository institutions$6,746
Interest-bearing balances$34
Securities$284,849
Federal funds sold & reverse repurchase agreements$22,871
Net loans & leases$134,497
Loan loss allowance $2,415
Trading account assets$0
Bank premises and fixed assets$16,875
Other real estate owned$822
Goodwill and other intangibles$0
All other assets$6,879
Life insurance assets$0
Total liabilities and capital$473,539
Total liabilities$440,372
Total deposits$436,204
Interest-bearing deposits$359,136
Deposits held in domestic offices$436,204
% insured (estimated)94.91%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $4,168
Total equity capital$33,167
Total bank equity capital$33,167
Perpetual preferred stock$33,167
Common stock$0
Surplus$1,520
Undivided profits $2,070
Memoranda
Noncurrent loans and leases $29,577
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $29,725
Income earned, not collected on loans $0
Earning assets $613
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,004
Average Assets, quarterly $442,251
Volatile liabilities $260,729
Insider loans $459,464
FHLB advances $467,873
Loans and leases held for sale $39,616
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $29,725
Restructured Loans and leases $0
Derivatives$2,442
Back to page top, Back to table top

Income and Expense (December 31, 2009)
(Dollar figures in thousands)
Total interest income $23,308
Total interest expense $4,647
Net interest income $18,661
Provision for loan and lease losses $909
Total noninterest income $7,406
Fiduciary activities $0
Service charges on deposit accounts $4,037
Trading account gains & fees $0
Additional noninterest income $3,369
Total noninterest expense $15,412
Salaries and employee benefits $6,078
Premises and equipment expense $1,979
Additional noninterest expense $7,355
Pre-tax net operating income $9,746
Securities gains (losses) -$431
Applicable income taxes $2,465
Income before extraordinary items $6,850
Extraordinary gains - net $0
Net income attributable to bank $6,850
Net charge-offs $0
Cash dividends $6,850
Sale, conversion, retirement of capital stock, net $512
Net operating income $3,550
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2009)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.39%
Cost of funding earning assets 1.07%
Net interest margin 4.31%
Noninterest income to earning assets 1.71%
Noninterest expense to earning assets 3.56%
Net operating income to assets 1.56%
Return on assets (ROA) 1.49%
Pretax return on assets 2.03%
Return on equity (ROE) 22.56%
Retained earnings to average equity (YTD only) 10.87%
Net charge-offs to loans 0.37%
Credit loss provision to net charge-offs 177.54%
Efficiency ratio20.81%
Assets per employee$59,125
Cash dividends to net income (YTD only)4.55%
Condition Ratios (%)
Loss allowance to loans 51.82%
Loss allowance to noncurrent loans 1.76%
Noncurrent assets plus other real estate owned to assets 393.96%
Noncurrent loans to loans 0.30%
Net loans and leases to deposits0.45%
Net loans and leases to core deposits 30.83%
Equity capital to assets 33.91%
Core capital (leverage) ratio 7.00%
Tier 1 risk-based capital ratio 6.69%
Total risk-based capital ratio 14.63%
Memoranda
Average assets$16
Average earning assets$459,464
Average equity $30,364
Average loans $432,470
Back to page top, Back to table top

User Contributions:

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

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with FirstBank of Aurora.
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.