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

This bank is inactive as of October 16, 2010

  • FirstBank of Colorado Springs in Colorado Springs, Colorado (CO)
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FirstBank of Colorado Springs - Overview

  • General
  • FDIC Certificate #: 34107
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FirstBank (#18714)
    Federal Reserve ID: 2340205
    Date Established: December 19, 1995
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 15667
    FDIC's unique #: 56248
    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: December 19, 1995
    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: 817 Village Center Drive, Colorado Springs, CO 80919
    County: El Paso
    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): Colorado Springs, CO (#1720)
    Core Based Statistical Area (CBSA): Colorado Springs, CO (#17820)
    CBSA Metro Statistical Area: Colorado Springs, CO (#17820)
  • Financial Summary
  • Total assets: $198.3 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
  • 39Total employees (full-time equivalent)
  • $200,646Total assets
  • $2,744Cash and due from depository institutions
  • $32Interest-bearing balances
  • $80,000Securities
  • $13,826Federal funds sold & reverse repurchase agreements
  • $95,274Net loans & leases
  • $2,042Loan loss allowance
  • $0Trading account assets
  • $6,242Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,560All other assets
  • $200,646Total liabilities and capital
  • $185,960Total liabilities
  • $184,998Total deposits
  • $154,864Interest-bearing deposits
  • $184,998Deposits held in domestic offices
  • 92.30%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $962All other liabilities
  • $14,686Total equity capital
  • $14,686Total bank equity capital
  • $14,686Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $5,820Undivided profits
  • Memoranda
  • $7,866Noncurrent loans and leases
  • $15,550Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,418Earning assets
  • $0Long-term assets (5+ years)
  • $772Average Assets, year-to-date
  • $189,132Average Assets, quarterly
  • $94,588Volatile liabilities
  • $193,139Insider loans
  • $198,767FHLB advances
  • $17,225Loans and leases held for sale
  • $760Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $15,550Total unused commitments
  • $0Restructured Loans and leases
  • $1,343Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $10,171Total interest income
  • $1,999Total interest expense
  • $8,172Net interest income
  • $808Provision for loan and lease losses
  • $2,319Total noninterest income
  • $0Fiduciary activities
  • $1,235Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,084Additional noninterest income
  • $6,091Total noninterest expense
  • $2,317Salaries and employee benefits
  • $935Premises and equipment expense
  • $2,839Additional noninterest expense
  • $3,592Pre-tax net operating income
  • $0Securities gains (losses)
  • $894Applicable income taxes
  • $2,698Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,698Net income attributable to bank
  • $0Net charge-offs
  • $2,698Cash dividends
  • $392Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.58%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 4.48%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 3.34%Noninterest expense to earning assets
  • 1.40%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 1.86%Pretax return on assets
  • 19.50%Return on equity (ROE)
  • 15.89%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 206.12%Credit loss provision to net charge-offs
  • 11.22%Efficiency ratio
  • 58,059Assets per employee
  • 5.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 18.53%Loss allowance to loans
  • 2.10%Loss allowance to noncurrent loans
  • 144.01%Noncurrent assets plus other real estate owned to assets
  • 0.71%Noncurrent loans to loans
  • 1.46%Net loans and leases to deposits
  • 51.50%Net loans and leases to core deposits
  • 56.79%Equity capital to assets
  • 7.32%Core capital (leverage) ratio
  • 7.21%Tier 1 risk-based capital ratio
  • 13.33%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $193,139Average earning assets
  • $13,835Average equity
  • $182,403Average loans

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