FirstBank of Tech Center in Greenwood Village, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 16, 2010

  • FirstBank of Tech Center in Greenwood Village, Colorado (CO)
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FirstBank of Tech Center - Overview

  • General
  • FDIC Certificate #: 24096
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FirstBank (#18714)
    Federal Reserve ID: 271855
    Date Established: October 01, 1982
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 11113
    FDIC's unique #: 16794
    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: October 01, 1982
    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: 5105 South Dtc Parkway, Greenwood Village, CO 80155
    County: Arapahoe
    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: $529.5 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
  • 33Total employees (full-time equivalent)
  • $494,032Total assets
  • $4,089Cash and due from depository institutions
  • $21Interest-bearing balances
  • $247,739Securities
  • $12,794Federal funds sold & reverse repurchase agreements
  • $210,259Net loans & leases
  • $4,876Loan loss allowance
  • $0Trading account assets
  • $12,451Bank premises and fixed assets
  • $414Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $6,286All other assets
  • $494,033Total liabilities and capital
  • $456,381Total liabilities
  • $452,981Total deposits
  • $383,298Interest-bearing deposits
  • $452,981Deposits held in domestic offices
  • 70.27%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,895Other borrowed funds
  • $0Subordinated debt
  • $1,505All other liabilities
  • $37,652Total equity capital
  • $37,652Total bank equity capital
  • $37,652Perpetual preferred stock
  • $0Common stock
  • $3,080Surplus
  • $3,080Undivided profits
  • Memoranda
  • $31,492Noncurrent loans and leases
  • $37,211Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,079Earning assets
  • $0Long-term assets (5+ years)
  • $2,079Average Assets, year-to-date
  • $470,813Average Assets, quarterly
  • $186,382Volatile liabilities
  • $462,364Insider loans
  • $487,907FHLB advances
  • $40,734Loans and leases held for sale
  • $1,554Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $37,211Total unused commitments
  • $447Restructured Loans and leases
  • $3,131Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $23,244Total interest income
  • $5,010Total interest expense
  • $18,234Net interest income
  • $2,429Provision for loan and lease losses
  • $2,880Total noninterest income
  • $0Fiduciary activities
  • $1,500Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,380Additional noninterest income
  • $8,556Total noninterest expense
  • $2,604Salaries and employee benefits
  • $1,322Premises and equipment expense
  • $4,630Additional noninterest expense
  • $10,129Pre-tax net operating income
  • $322Securities gains (losses)
  • $3,137Applicable income taxes
  • $7,314Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,314Net income attributable to bank
  • $0Net charge-offs
  • $7,314Cash dividends
  • $719Sale, conversion, retirement of capital stock, net
  • $4,300Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.27%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 1.94%Noninterest expense to earning assets
  • 1.53%Net operating income to assets
  • 1.58%Return on assets (ROA)
  • 2.26%Pretax return on assets
  • 20.40%Return on equity (ROE)
  • 8.41%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 337.83%Credit loss provision to net charge-offs
  • 17.47%Efficiency ratio
  • 40,523Assets per employee
  • 14.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.79%Loss allowance to loans
  • 2.27%Loss allowance to noncurrent loans
  • 53.71%Noncurrent assets plus other real estate owned to assets
  • 1.92%Noncurrent loans to loans
  • 4.22%Net loans and leases to deposits
  • 46.42%Net loans and leases to core deposits
  • 50.77%Equity capital to assets
  • 7.62%Core capital (leverage) ratio
  • 7.30%Tier 1 risk-based capital ratio
  • 14.19%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $462,364Average earning assets
  • $35,847Average equity
  • $440,988Average loans

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