FirstBank of Aurora in Aurora, Colorado (CO)

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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
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
Undivided profits $2,070
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
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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
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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%
Average assets$16
Average earning assets$459,464
Average equity $30,364
Average loans $432,470
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