FDIC Certificate #: 13084 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 365651 Date Established: August 15, 1908 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 11719 FDIC's unique #: 8273 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: January 01, 1934 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: 1707 North Main Street, Longmont, CO 80501 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: $412.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
60Total employees (full-time equivalent)
$400,436Total assets
$6,082Cash and due from depository institutions
$31Interest-bearing balances
$227,472Securities
$14,994Federal funds sold & reverse repurchase agreements
$134,415Net loans & leases
$2,009Loan loss allowance
$0Trading account assets
$9,608Bank premises and fixed assets
$202Other real estate owned
$123Goodwill and other intangibles
$0Life insurance assets
$7,540All other assets
$400,436Total liabilities and capital
$370,534Total liabilities
$367,238Total deposits
$320,258Interest-bearing deposits
$367,238Deposits held in domestic offices
91.91%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$3,296All other liabilities
$29,902Total equity capital
$29,902Total bank equity capital
$29,902Perpetual preferred stock
$0Common stock
$1,410Surplus
$3,025Undivided profits
Memoranda
$25,467Noncurrent loans and leases
$30,870Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,947Earning assets
$0Long-term assets (5+ years)
$1,784Average Assets, year-to-date
$376,912Average Assets, quarterly
$220,335Volatile liabilities
$399,058Insider loans
$396,839FHLB advances
$39,901Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$30,870Total unused commitments
$0Restructured Loans and leases
$2,050Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$20,780Total interest income
$4,406Total interest expense
$16,374Net interest income
$1,255Provision for loan and lease losses
$4,040Total noninterest income
$52Fiduciary activities
$1,990Service charges on deposit accounts
$0Trading account gains & fees
$1,998Additional noninterest income
$10,394Total noninterest expense
$4,045Salaries and employee benefits
$1,108Premises and equipment expense
$5,241Additional noninterest expense
$8,765Pre-tax net operating income
-$537Securities gains (losses)
$2,502Applicable income taxes
$5,726Income before extraordinary items
$0Extraordinary gains - net
$5,726Net income attributable to bank
$0Net charge-offs
$5,726Cash dividends
$823Sale, conversion, retirement of capital stock, net
$2,975Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.49%Yield on earning assets
1.16%Cost of funding earning assets
4.33%Net interest margin
1.07%Noninterest income to earning assets
2.75%Noninterest expense to earning assets
1.53%Net operating income to assets
1.43%Return on assets (ROA)
2.06%Pretax return on assets
20.53%Return on equity (ROE)
9.86%Retained earnings to average equity (YTD only)
0.61%Net charge-offs to loans
152.49%Credit loss provision to net charge-offs
12.17%Efficiency ratio
48,986Assets per employee
6.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
51.96%Loss allowance to loans
1.47%Loss allowance to noncurrent loans
103.18%Noncurrent assets plus other real estate owned to assets
0.54%Noncurrent loans to loans
1.43%Net loans and leases to deposits
36.60%Net loans and leases to core deposits
41.06%Equity capital to assets
7.47%Core capital (leverage) ratio
7.03%Tier 1 risk-based capital ratio
14.73%Total risk-based capital ratio
Memoranda
$16Average assets
$399,058Average earning assets
$27,892Average equity
$378,231Average loans
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