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

This bank is inactive as of October 16, 2010

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

  • General
  • FDIC Certificate #: 19768
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FirstBank (#18714)
    Federal Reserve ID: 122658
    Date Established: November 30, 1967
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    OTS Docket #: 11044
    FDIC's unique #: 13562
    Numeric code: 13
    Regulator: FED
    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: November 30, 1967
    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: 17 Vail Road, Vail, CO 81657
    County: Eagle
    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
    Core Based Statistical Area (CBSA): Edwards, CO (#20780)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $309.9 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
  • 43Total employees (full-time equivalent)
  • $314,062Total assets
  • $6,191Cash and due from depository institutions
  • $54Interest-bearing balances
  • $53,766Securities
  • $2,017Federal funds sold & reverse repurchase agreements
  • $236,597Net loans & leases
  • $4,681Loan loss allowance
  • $0Trading account assets
  • $5,770Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $9,721All other assets
  • $314,062Total liabilities and capital
  • $287,401Total liabilities
  • $285,694Total deposits
  • $231,660Interest-bearing deposits
  • $285,694Deposits held in domestic offices
  • 80.14%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,707All other liabilities
  • $26,661Total equity capital
  • $26,661Total bank equity capital
  • $26,661Perpetual preferred stock
  • $0Common stock
  • $8,050Surplus
  • $8,000Undivided profits
  • Memoranda
  • $10,611Noncurrent loans and leases
  • $50,134Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,786Earning assets
  • $0Long-term assets (5+ years)
  • $1,172Average Assets, year-to-date
  • $292,434Average Assets, quarterly
  • $104,136Volatile liabilities
  • $336,317Insider loans
  • $324,529FHLB advances
  • $21,925Loans and leases held for sale
  • $285Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $50,134Total unused commitments
  • $0Restructured Loans and leases
  • $2,516Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $18,377Total interest income
  • $2,523Total interest expense
  • $15,854Net interest income
  • $2,506Provision for loan and lease losses
  • $2,460Total noninterest income
  • $0Fiduciary activities
  • $1,201Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,259Additional noninterest income
  • $8,227Total noninterest expense
  • $3,547Salaries and employee benefits
  • $921Premises and equipment expense
  • $3,759Additional noninterest expense
  • $7,581Pre-tax net operating income
  • $767Securities gains (losses)
  • $2,807Applicable income taxes
  • $5,541Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,541Net income attributable to bank
  • $0Net charge-offs
  • $5,541Cash dividends
  • $1,443Sale, conversion, retirement of capital stock, net
  • $2,950Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.77%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 4.98%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 2.58%Noninterest expense to earning assets
  • 1.50%Net operating income to assets
  • 1.65%Return on assets (ROA)
  • 2.48%Pretax return on assets
  • 21.68%Return on equity (ROE)
  • 10.14%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 173.67%Credit loss provision to net charge-offs
  • 6.99%Efficiency ratio
  • 44,922Assets per employee
  • 7.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.24%Loss allowance to loans
  • 1.94%Loss allowance to noncurrent loans
  • 80.90%Noncurrent assets plus other real estate owned to assets
  • 1.84%Noncurrent loans to loans
  • 2.40%Net loans and leases to deposits
  • 82.81%Net loans and leases to core deposits
  • 89.70%Equity capital to assets
  • 8.49%Core capital (leverage) ratio
  • 8.48%Tier 1 risk-based capital ratio
  • 13.34%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $336,317Average earning assets
  • $25,553Average equity
  • $318,467Average loans

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