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Overview / Commentary
10403 West Colfax Avenue
Lakewood, CO 80215

FirstBank (Lakewood, CO) is headquartered in Lakewood and is the largest bank in the state of Colorado. It is also the 91st largest bank in the nation. It was established in 1963 and as of December of 2013, it had grown to 2,068 employees at 119 locations. FirstBank (Lakewood, CO) has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 December 31, 2013 FirstBank (Lakewood, CO) had $25.1 million in non-current loans and owned real-estate with $1.14 billion in equity and loan loss allowances on hand to cover it. This gives FirstBank (Lakewood, CO) a Texas Ratio of 2.20% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for FirstBank (Lakewood, CO) decreased dramatically from 3.89% as of December 31, 2012 to 2.20% as of December 31, 2013, resulting in a positive change of 43.42%.This indicates that the balance sheet and financial strength for FirstBank (Lakewood, CO) has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, FirstBank (Lakewood, CO) has increased its total deposits by $564.32 million, resulting in 4.87% 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 (Lakewood, CO) has shown is excellent.

Capitalization

GRADE:
C

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 (Lakewood, CO) has $13.35 billion in assets with $1.14 billion in equity, resulting in a capitalization level of 8.55%, which is average.

Institution Statistics

Overall
FDIC Certificate #18714
Year Established1963
Employees2068
Primary RegulatorFED
Assets and Liabilities
Assets$13.35 billion
Loans$7.19 billion
Deposits$12.14 billion
Equity Capital$1.06 billion
Loan Loss Allowance$86.24 million
Unbacked Noncurrent Loans$22.68 million
Real Estate Owned$2.43 million
Historic Data - December 2012
Assets$12.84 billion
Equity Capital$1.03 billion
Loan Loss Allowance$88.90 million
Unbacked Noncurrent Loans$22.68 million
Real Estate Owned$10.35 million
Profit Margin - Quarterly
Net Interest Margin3.44%
Return on Assets1.36%
Return on Equity17.01%
Interest Income$455.77 million
Rates

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Locations

FirstBank (Lakewood, CO) has 119 locations. Click to view all FirstBank (Lakewood, CO) locations.