United Western Bank in Denver, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 21, 2011

  • United Western Bank in Denver, Colorado (CO)
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United Western Bank - Overview

  • General
  • FDIC Certificate #: 31293
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: First-Citizens Bank & Trust Company (#11063)
    Federal Reserve ID: 311377
    Date Established: January 01, 1960
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 6679
    FDIC's unique #: 44127
    Numeric code: 37
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: October 24, 1962
    Last Structure Change Effective Date: January 21, 2011
    Last Structure Change Process Date: January 25, 2011
    Last Data Update: January 25, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 700 17th Street, Suite 100, Denver, CO 80202
    County: Denver
    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: $2,153.7 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, 2010)

  • Dollar figures in thousands
  • 157Total employees (full-time equivalent)
  • $2,153,690Total assets
  • $356,458Cash and due from depository institutions
  • $347,212Interest-bearing balances
  • $435,527Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,211,256Net loans & leases
  • $36,306Loan loss allowance
  • $0Trading account assets
  • $21,832Bank premises and fixed assets
  • $40,385Other real estate owned
  • $6,154Goodwill and other intangibles
  • $27,118Life insurance assets
  • $82,078All other assets
  • $2,153,690Total liabilities and capital
  • $2,081,789Total liabilities
  • $1,535,194Total deposits
  • $1,504,960Interest-bearing deposits
  • $1,535,194Deposits held in domestic offices
  • 98.18%% insured (estimated)
  • $91,681Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $440,018Other borrowed funds
  • $0Subordinated debt
  • $14,896All other liabilities
  • $71,901Total equity capital
  • $71,901Total bank equity capital
  • $71,896Perpetual preferred stock
  • $0Common stock
  • $113Surplus
  • $165,216Undivided profits
  • Memoranda
  • $-93,433Noncurrent loans and leases
  • $107,764Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5Income earned, not collected on loans
  • $81,970Earning assets
  • $11,486Long-term assets (5+ years)
  • $6,122Average Assets, year-to-date
  • $1,993,995Average Assets, quarterly
  • $0Volatile liabilities
  • $2,300,224Insider loans
  • $2,102,171FHLB advances
  • $797,983Loans and leases held for sale
  • $0Unused loan commitments
  • $438,327Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $102,533Total unused commitments
  • $56,429Restructured Loans and leases
  • $16,147Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $84,660Total interest income
  • $18,776Total interest expense
  • $65,884Net interest income
  • $56,839Provision for loan and lease losses
  • $150Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $150Additional noninterest income
  • $71,100Total noninterest expense
  • $17,158Salaries and employee benefits
  • $3,463Premises and equipment expense
  • $50,479Additional noninterest expense
  • -$61,905Pre-tax net operating income
  • -$47,203Securities gains (losses)
  • -$725Applicable income taxes
  • -$108,383Income before extraordinary items
  • $0Extraordinary gains - net
  • -$108,383Net income attributable to bank
  • $0Net charge-offs
  • -$108,383Cash dividends
  • $55,978Sale, conversion, retirement of capital stock, net
  • $10,008Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.97%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 3.09%Net interest margin
  • 0.01%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • -2.68%Net operating income to assets
  • -4.71%Return on assets (ROA)
  • -4.74%Pretax return on assets
  • -76.58%Return on equity (ROE)
  • -83.66%Retained earnings to average equity (YTD only)
  • 4.11%Net charge-offs to loans
  • 101.54%Credit loss provision to net charge-offs
  • -0.09%Efficiency ratio
  • 107,062Assets per employee
  • 13.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -9.23%Loss allowance to loans
  • 2.91%Loss allowance to noncurrent loans
  • 44.29%Noncurrent assets plus other real estate owned to assets
  • 5.68%Noncurrent loans to loans
  • 6.57%Net loans and leases to deposits
  • 78.90%Net loans and leases to core deposits
  • 95.46%Equity capital to assets
  • 3.34%Core capital (leverage) ratio
  • 3.61%Tier 1 risk-based capital ratio
  • 4.12%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $2,300,224Average earning assets
  • $141,521Average equity
  • $2,133,140Average loans

Total Fiduciary and Related Assets (December 31, 2004)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $4,772,313Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2047Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,772,313Other retirement accounts
  • $0Corporate trust and agency accounts
  • $4,772,313Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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