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

This bank is inactive as of October 16, 2010

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

  • General
  • FDIC Certificate #: 23470
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FirstBank (#18714)
    Federal Reserve ID: 291152
    Date Established: June 22, 1981
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 11125
    FDIC's unique #: 16448
    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 22, 1981
    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: 550 South Wadsworth Boulevard, Lakewood, CO 80226
    County: Jefferson
    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: $400.0 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
  • 51Total employees (full-time equivalent)
  • $407,114Total assets
  • $9,308Cash and due from depository institutions
  • $59Interest-bearing balances
  • $240,315Securities
  • $13,474Federal funds sold & reverse repurchase agreements
  • $126,822Net loans & leases
  • $1,977Loan loss allowance
  • $0Trading account assets
  • $11,538Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,657All other assets
  • $407,114Total liabilities and capital
  • $379,240Total liabilities
  • $376,226Total deposits
  • $308,330Interest-bearing deposits
  • $376,226Deposits held in domestic offices
  • 89.86%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $3,014All other liabilities
  • $27,874Total equity capital
  • $27,874Total bank equity capital
  • $27,874Perpetual preferred stock
  • $0Common stock
  • $1,800Surplus
  • $3,800Undivided profits
  • Memoranda
  • $22,274Noncurrent loans and leases
  • $27,964Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $77Earning assets
  • $0Long-term assets (5+ years)
  • $1,836Average Assets, year-to-date
  • $380,670Average Assets, quarterly
  • $146,106Volatile liabilities
  • $379,994Insider loans
  • $399,576FHLB advances
  • $43,521Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $27,964Total unused commitments
  • $0Restructured Loans and leases
  • $2,003Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $18,336Total interest income
  • $4,168Total interest expense
  • $14,168Net interest income
  • $692Provision for loan and lease losses
  • $4,000Total noninterest income
  • $0Fiduciary activities
  • $1,953Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,047Additional noninterest income
  • $8,524Total noninterest expense
  • $3,233Salaries and employee benefits
  • $841Premises and equipment expense
  • $4,450Additional noninterest expense
  • $8,952Pre-tax net operating income
  • -$468Securities gains (losses)
  • $2,384Applicable income taxes
  • $6,100Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,100Net income attributable to bank
  • $0Net charge-offs
  • $6,100Cash dividends
  • $220Sale, conversion, retirement of capital stock, net
  • $2,950Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 3.96%Net interest margin
  • 1.12%Noninterest income to earning assets
  • 2.39%Noninterest expense to earning assets
  • 1.69%Net operating income to assets
  • 1.61%Return on assets (ROA)
  • 2.23%Pretax return on assets
  • 24.48%Return on equity (ROE)
  • 12.64%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 314.55%Credit loss provision to net charge-offs
  • 43.84%Efficiency ratio
  • 46,918Assets per employee
  • 7.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.36%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 2567.53%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 33.71%Net loans and leases to core deposits
  • 38.12%Equity capital to assets
  • 6.85%Core capital (leverage) ratio
  • 6.56%Tier 1 risk-based capital ratio
  • 13.77%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $379,994Average earning assets
  • $24,919Average equity
  • $357,382Average loans

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