Front Range Bank in Lakewood, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Front Range Bank in Lakewood, Colorado (CO)
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Front Range Bank - Overview

  • General
  • FDIC Certificate #: 34401
    Status: Active
    Federal Reserve ID: 2515320
    Bank Holding Company (Regulatory Top Holder): Omega Capital Corp. (RSSDID: 3559198, Location: Lakewood, CO)
    Date Established: May 13, 1997
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 17324
    FDIC's unique #: 57164
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 13, 1997
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 13013 West Alameda Parkway, Lakewood, CO 80228
    County: Jefferson
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $151.6 mil
    Equity capital: $15.3 mil
    Deposits held in domestic offices: $117.2 mil
    Return on assets (ROA): -0.31% (-$0.5 mil)
    Quarterly return on assets: -0.56% (-$0.9 mil)
    Return on Equity (ROE): -3.07% (-$0.5 mil)
    Quarterly return on equity: -5.62% (-$0.8 mil)
    Net income: -$0.4 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.31% (-$469.9 mil)
    Quarterly Pretax return on assets: -0.56% (-$848.8 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, 2011)

  • Dollar figures in thousands
  • 32Total employees (full-time equivalent)
  • $151,574Total assets
  • $4,565Cash and due from depository institutions
  • $4,073Interest-bearing balances
  • $51,916Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $83,662Net loans & leases
  • $1,028Loan loss allowance
  • $0Trading account assets
  • $4,809Bank premises and fixed assets
  • $3,490Other real estate owned
  • $484Goodwill and other intangibles
  • $151,574Life insurance assets
  • $2,648All other assets
  • $136,296Total liabilities and capital
  • $117,226Total liabilities
  • $86,468Total deposits
  • $117,226Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,660Trading liabilities
  • $0Other borrowed funds
  • $410Subordinated debt
  • $15,278All other liabilities
  • $15,278Total equity capital
  • $15,278Total bank equity capital
  • $0Perpetual preferred stock
  • $563Common stock
  • $14,669Surplus
  • $46Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $16,949Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,178Income earned, not collected on loans
  • $0Earning assets
  • $453Long-term assets (5+ years)
  • $139,651Average Assets, year-to-date
  • $37,944Average Assets, quarterly
  • $141,196Volatile liabilities
  • $148,740Insider loans
  • $88,256FHLB advances
  • $144,353Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,308Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,534Restructured Loans and leases
  • $4,615Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,471Total interest income
  • $1,008Total interest expense
  • $6,463Net interest income
  • $1,617Provision for loan and lease losses
  • $92Total noninterest income
  • $0Fiduciary activities
  • $181Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$89Additional noninterest income
  • $6,072Total noninterest expense
  • $2,239Salaries and employee benefits
  • $485Premises and equipment expense
  • $3,348Additional noninterest expense
  • -$1,134Pre-tax net operating income
  • $694Securities gains (losses)
  • $0Applicable income taxes
  • -$440Income before extraordinary items
  • $0Extraordinary gains - net
  • -$440Net income attributable to bank
  • $0Net charge-offs
  • -$440Cash dividends
  • $590Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.86%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 5.07%Net interest margin
  • 0.07%Noninterest income to earning assets
  • 4.77%Noninterest expense to earning assets
  • -0.80%Net operating income to assets
  • -0.31%Return on assets (ROA)
  • -0.31%Pretax return on assets
  • -3.07%Return on equity (ROE)
  • -3.07%Retained earnings to average equity (YTD only)
  • 0.86%Net charge-offs to loans
  • 274.07%Credit loss provision to net charge-offs
  • 0.82%Efficiency ratio
  • 88,116Assets per employee
  • 4.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 47.20%Noncurrent assets plus other real estate owned to assets
  • 3.74%Noncurrent loans to loans
  • 2.57%Net loans and leases to deposits
  • 71.37%Net loans and leases to core deposits
  • 72.52%Equity capital to assets
  • 10.08%Core capital (leverage) ratio
  • 9.91%Tier 1 risk-based capital ratio
  • 16.21%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $141,196Average earning assets
  • $14,321Average equity
  • $127,420Average loans

List of branches

  • 3 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057164Front Range Bank13013 West Alameda Parkway, Lakewood, CO 80228May 13, 1997Full Service Brick and Mortar
    3476613Alton Way Branch7006 South Alton Way, Building B, Centennial, CO 80112August 21, 2007Full Service Brick and Mortar
    4479923Englewood Branch3594 South Logan Street, Englewood, CO 80113July 30, 2008Full Service Brick and Mortar

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