FlatIrons Bank in Boulder, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • FlatIrons Bank in Boulder, Colorado (CO)
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FlatIrons Bank - Overview

  • General
  • FDIC Certificate #: 57280
    Status: Active
    Federal Reserve ID: 3022610
    Bank Holding Company (Regulatory Top Holder): Fbhc Holding Company (RSSDID: 3700936, Location: Boulder, CO)
    Date Established: December 22, 2001
    WWW: http://www.flatironsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 360600
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 22, 2001
    Last Structure Change Effective Date: April 05, 2011
    Last Structure Change Process Date: April 05, 2011
    Last Data Update: April 05, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1095 Canyon Blvd, Suite 100, Boulder, CO 80302
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $93.5 mil
    Equity capital: $10.1 mil
    Deposits held in domestic offices: $79.0 mil
    Return on assets (ROA): 1.90% ($1.8 mil)
    Quarterly return on assets: 0.59% ($0.6 mil)
    Return on Equity (ROE): 19.46% ($1.9 mil)
    Quarterly return on equity: 5.68% ($0.6 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.90% ($1,776.6 mil)
    Quarterly Pretax return on assets: 0.59% ($551.7 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, 2011)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $93,503Total assets
  • $1,617Cash and due from depository institutions
  • $276Interest-bearing balances
  • $43,960Securities
  • $300Federal funds sold & reverse repurchase agreements
  • $43,549Net loans & leases
  • $1,811Loan loss allowance
  • $0Trading account assets
  • $1,107Bank premises and fixed assets
  • $0Other real estate owned
  • $296Goodwill and other intangibles
  • $93,503Life insurance assets
  • $2,674All other assets
  • $83,363Total liabilities and capital
  • $78,977Total liabilities
  • $70,783Total deposits
  • $78,977Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $386Subordinated debt
  • $10,140All other liabilities
  • $10,140Total equity capital
  • $10,140Total bank equity capital
  • $0Perpetual preferred stock
  • $2,422Common stock
  • $6,092Surplus
  • $1,626Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,287Income earned, not collected on loans
  • $1,287Earning assets
  • $485Long-term assets (5+ years)
  • $88,085Average Assets, year-to-date
  • $39,660Average Assets, quarterly
  • $91,849Volatile liabilities
  • $96,041Insider loans
  • $52,499FHLB advances
  • $91,883Loans and leases held for sale
  • $1,000Unused loan commitments
  • $500Tier 1 (core) risk-based capital
  • $8,219Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $500Total unused commitments
  • $3,969Restructured Loans and leases
  • $2,701Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,354Total interest income
  • $883Total interest expense
  • $3,471Net interest income
  • $50Provision for loan and lease losses
  • $1,189Total noninterest income
  • $0Fiduciary activities
  • $49Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,140Additional noninterest income
  • $3,004Total noninterest expense
  • $1,319Salaries and employee benefits
  • $500Premises and equipment expense
  • $1,185Additional noninterest expense
  • $1,606Pre-tax net operating income
  • $139Securities gains (losses)
  • $0Applicable income taxes
  • $1,745Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,745Net income attributable to bank
  • $0Net charge-offs
  • $1,745Cash dividends
  • -$14Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 3.98%Net interest margin
  • 1.36%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 1.75%Net operating income to assets
  • 1.90%Return on assets (ROA)
  • 1.90%Pretax return on assets
  • 19.46%Return on equity (ROE)
  • 19.46%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • -357.14%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 61,202Assets per employee
  • 6.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.99%Loss allowance to noncurrent loans
  • 140.71%Noncurrent assets plus other real estate owned to assets
  • 1.38%Noncurrent loans to loans
  • 2.84%Net loans and leases to deposits
  • 55.14%Net loans and leases to core deposits
  • 57.27%Equity capital to assets
  • 10.84%Core capital (leverage) ratio
  • 8.95%Tier 1 risk-based capital ratio
  • 15.66%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $91,849Average earning assets
  • $8,968Average equity
  • $87,136Average loans

List of branches

  • 3 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0360600Flatirons Bank1095 Canyon Blvd, Suite 100, Boulder, CO 80302December 22, 2001Full Service Brick and Mortar
    2507050Longmont Branch522 4th Avenue, Longmont, CO 80501March 30, 2010Full Service Brick and Mortar
    3510228Mobile Branch1095 Canyon Rd., Boulder, CO 80302June 28, 2010Limited Service Messenger

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