FDIC Certificate #: 22036 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 616755 Date Established: June 06, 1975 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) OTS Docket #: 11099 FDIC's unique #: 15290 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: June 06, 1975 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: 6500 Lookout Road, Boulder, CO 80301 County: Boulder 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): Boulder-Longmont, CO (#1125) Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34) Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216) Core Based Statistical Area (CBSA): Boulder, CO (#14500) CBSA Metro Statistical Area: Boulder, CO (#14500)
Financial Summary
Total assets: $554.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
66Total employees (full-time equivalent)
$545,173Total assets
$5,577Cash and due from depository institutions
$54Interest-bearing balances
$288,808Securities
$26,094Federal funds sold & reverse repurchase agreements
$208,762Net loans & leases
$2,811Loan loss allowance
$0Trading account assets
$6,205Bank premises and fixed assets
$118Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$9,609All other assets
$545,173Total liabilities and capital
$507,511Total liabilities
$503,015Total deposits
$414,769Interest-bearing deposits
$503,015Deposits held in domestic offices
92.72%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$37Other borrowed funds
$0Subordinated debt
$4,459All other liabilities
$37,662Total equity capital
$37,662Total bank equity capital
$37,662Perpetual preferred stock
$0Common stock
$2,310Surplus
$2,310Undivided profits
Memoranda
$33,042Noncurrent loans and leases
$36,542Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,318Earning assets
$0Long-term assets (5+ years)
$2,346Average Assets, year-to-date
$523,718Average Assets, quarterly
$273,604Volatile liabilities
$520,576Insider loans
$535,279FHLB advances
$43,702Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$36,542Total unused commitments
$0Restructured Loans and leases
$2,853Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$27,165Total interest income
$4,972Total interest expense
$22,193Net interest income
$868Provision for loan and lease losses
$4,206Total noninterest income
$0Fiduciary activities
$2,161Service charges on deposit accounts
$0Trading account gains & fees
$2,045Additional noninterest income
$11,383Total noninterest expense
$3,686Salaries and employee benefits
$1,757Premises and equipment expense
$5,940Additional noninterest expense
$14,148Pre-tax net operating income
$116Securities gains (losses)
$4,578Applicable income taxes
$9,686Income before extraordinary items
$0Extraordinary gains - net
$9,686Net income attributable to bank
$0Net charge-offs
$9,686Cash dividends
$1,450Sale, conversion, retirement of capital stock, net
$5,625Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.40%Yield on earning assets
0.99%Cost of funding earning assets
4.41%Net interest margin
0.84%Noninterest income to earning assets
2.26%Noninterest expense to earning assets
1.85%Net operating income to assets
1.86%Return on assets (ROA)
2.74%Pretax return on assets
27.53%Return on equity (ROE)
11.54%Retained earnings to average equity (YTD only)
0.70%Net charge-offs to loans
59.86%Credit loss provision to net charge-offs
10.36%Efficiency ratio
43,119Assets per employee
8.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
58.07%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
121.27%Noncurrent assets plus other real estate owned to assets
0.45%Noncurrent loans to loans
1.10%Net loans and leases to deposits
41.50%Net loans and leases to core deposits
45.45%Equity capital to assets
6.91%Core capital (leverage) ratio
6.54%Tier 1 risk-based capital ratio
13.43%Total risk-based capital ratio
Memoranda
$15Average assets
$520,576Average earning assets
$35,180Average equity
$502,887Average loans
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