FDIC Certificate #: 27225 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 1187494 Date Established: April 08, 1988 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 11179 FDIC's unique #: 39158 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: April 08, 1988 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: 370 17th Street, Denver, CO 80202 County: Denver 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: $421.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
60Total employees (full-time equivalent)
$407,596Total assets
$7,604Cash and due from depository institutions
$75Interest-bearing balances
$104,798Securities
$8,765Federal funds sold & reverse repurchase agreements
$269,137Net loans & leases
$6,114Loan loss allowance
$0Trading account assets
$7,842Bank premises and fixed assets
$1,287Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$8,163All other assets
$407,596Total liabilities and capital
$369,142Total liabilities
$368,162Total deposits
$297,384Interest-bearing deposits
$368,162Deposits held in domestic offices
83.49%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$980All other liabilities
$38,454Total equity capital
$38,454Total bank equity capital
$38,454Perpetual preferred stock
$0Common stock
$800Surplus
$2,450Undivided profits
Memoranda
$35,204Noncurrent loans and leases
$36,730Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8,068Earning assets
$0Long-term assets (5+ years)
$1,630Average Assets, year-to-date
$382,775Average Assets, quarterly
$172,124Volatile liabilities
$407,732Insider loans
$403,206FHLB advances
$32,176Loans and leases held for sale
$690Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$36,730Total unused commitments
$398Restructured Loans and leases
$3,492Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$23,354Total interest income
$3,736Total interest expense
$19,618Net interest income
$3,320Provision for loan and lease losses
$4,271Total noninterest income
$0Fiduciary activities
$2,091Service charges on deposit accounts
$0Trading account gains & fees
$2,180Additional noninterest income
$11,115Total noninterest expense
$3,842Salaries and employee benefits
$1,510Premises and equipment expense
$5,763Additional noninterest expense
$9,454Pre-tax net operating income
$0Securities gains (losses)
$2,959Applicable income taxes
$6,495Income before extraordinary items
$0Extraordinary gains - net
$6,495Net income attributable to bank
$0Net charge-offs
$6,495Cash dividends
$2,097Sale, conversion, retirement of capital stock, net
$2,000Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.04%Yield on earning assets
0.97%Cost of funding earning assets
5.08%Net interest margin
1.11%Noninterest income to earning assets
2.88%Noninterest expense to earning assets
1.59%Net operating income to assets
1.59%Return on assets (ROA)
2.32%Pretax return on assets
17.62%Return on equity (ROE)
12.19%Retained earnings to average equity (YTD only)
0.76%Net charge-offs to loans
158.32%Credit loss provision to net charge-offs
6.09%Efficiency ratio
46,528Assets per employee
6.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
30.79%Loss allowance to loans
2.22%Loss allowance to noncurrent loans
75.78%Noncurrent assets plus other real estate owned to assets
2.30%Noncurrent loans to loans
2.93%Net loans and leases to deposits
73.10%Net loans and leases to core deposits
80.10%Equity capital to assets
9.43%Core capital (leverage) ratio
9.51%Tier 1 risk-based capital ratio
13.65%Total risk-based capital ratio
Memoranda
$15Average assets
$407,732Average earning assets
$36,861Average equity
$386,433Average loans
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