Firstbank of El Paso County in Colorado Springs, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 16, 2010

  • Firstbank of El Paso County in Colorado Springs, Colorado (CO)
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Firstbank of El Paso County - Overview

  • General
  • FDIC Certificate #: 35275
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FirstBank (#18714)
    Federal Reserve ID: 2804891
    Date Established: June 14, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 77240
    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 14, 1999
    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: 5815 Constitution Avenue, Colorado Springs, CO 80915
    County: El Paso
    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): Colorado Springs, CO (#1720)
    Core Based Statistical Area (CBSA): Colorado Springs, CO (#17820)
    CBSA Metro Statistical Area: Colorado Springs, CO (#17820)
  • Financial Summary
  • Total assets: $158.6 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)
  • $159,431Total assets
  • $2,992Cash and due from depository institutions
  • $30Interest-bearing balances
  • $64,176Securities
  • $3,070Federal funds sold & reverse repurchase agreements
  • $75,278Net loans & leases
  • $1,153Loan loss allowance
  • $0Trading account assets
  • $11,346Bank premises and fixed assets
  • $311Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,258All other assets
  • $159,431Total liabilities and capital
  • $147,246Total liabilities
  • $146,175Total deposits
  • $117,827Interest-bearing deposits
  • $146,175Deposits held in domestic offices
  • 93.10%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,071All other liabilities
  • $12,185Total equity capital
  • $12,185Total bank equity capital
  • $12,185Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $4,713Undivided profits
  • Memoranda
  • $6,472Noncurrent loans and leases
  • $11,708Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $210Earning assets
  • $0Long-term assets (5+ years)
  • $600Average Assets, year-to-date
  • $142,554Average Assets, quarterly
  • $95,713Volatile liabilities
  • $156,855Insider loans
  • $156,791FHLB advances
  • $15,778Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,708Total unused commitments
  • $0Restructured Loans and leases
  • $1,035Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $8,267Total interest income
  • $1,668Total interest expense
  • $6,599Net interest income
  • $388Provision for loan and lease losses
  • $2,666Total noninterest income
  • $0Fiduciary activities
  • $1,440Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,226Additional noninterest income
  • $6,112Total noninterest expense
  • $2,404Salaries and employee benefits
  • $1,004Premises and equipment expense
  • $2,704Additional noninterest expense
  • $2,765Pre-tax net operating income
  • $0Securities gains (losses)
  • $683Applicable income taxes
  • $2,082Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,082Net income attributable to bank
  • $0Net charge-offs
  • $2,082Cash dividends
  • $94Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.87%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 4.69%Net interest margin
  • 1.89%Noninterest income to earning assets
  • 4.34%Noninterest expense to earning assets
  • 1.33%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 19.17%Return on equity (ROE)
  • 19.17%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 412.77%Credit loss provision to net charge-offs
  • 33.54%Efficiency ratio
  • 65,969Assets per employee
  • 3.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 549.05%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.27%Net loans and leases to deposits
  • 51.50%Net loans and leases to core deposits
  • 57.73%Equity capital to assets
  • 7.64%Core capital (leverage) ratio
  • 7.76%Tier 1 risk-based capital ratio
  • 14.47%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $156,855Average earning assets
  • $10,861Average equity
  • $140,843Average loans

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