FirstBank (CO)

FirstBank (CO) is headquartered in Lakewood and is the largest bank in the state of Colorado. It is also the 99^th largest bank in the nation. It was established in 1963 and as of September of 2011, it had grown to 1,400 employees at 129 locations. FirstBank (CO) has a 5-star health rating.

Related Posts

FirstBank (CO) Checking Account Rates

FirstBank (CO) Savings Account Rates

FirstBank (CO) Money Market Rates

FirstBank (CO) CD Rates

Data for Q3 2011

Institution Statistics FirstBank FDIC Certificate # 18714 BankRate Report View Year Established 1963 Employees 1400 Primary Regulator FED Assets and Liabilities Assets $11.38 billion Loans $4.90 billion Deposits $10.28 billion Equity Capital $950.35 million Loan Loss Allowance $93.76 million Unbacked Noncurrent Loans $66.65 million Real Estate Owned $10.69 million Historic Data - September 2010 Assets $1.11 billion Equity Capital $82.06 million Loan Loss Allowance $11.27 million Unbacked Noncurrent Loans $5.85 million Real Estate Owned $1.27 million Profit Margin - Quarterly Net Interest Margin 4.27% Return on Assets 1.6% Return on Equity 19.36% Interest Income $365.28 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 FirstBank (CO) had $77.34 million in non-current loans and owned real-estate with $1.04 billion in equity and loan loss allowances on hand to cover it. This gives FirstBank (CO) a Texas Ratio of 7.41% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for FirstBank (CO) held steady from 7.63% as of September 30, 2010 to 7.41% as of September 30, 2011, resulting in a positive change of 2.95%.This indicates that the balance sheet and financial strength for FirstBank (CO) has held steady in recent periods. Deposit Growth In the past year, FirstBank (CO) has increased its total deposits by $9.34 billion, resulting in 989.22% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth FirstBank (CO) has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. FirstBank (CO) has $11.38 billion in assets with $1.04 billion in equity, resulting in a capitalization level of 9.17%, which is average.

No reviews have been left for this bank yet. Be the first to review.