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

This bank is inactive as of October 16, 2010

FirstBank of Denver - Overview

  • General
  • 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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