Firstbank Mortgage Rates, Fees & Info

Lakewood, CO

LEI: 5493009V3WNJX9V2GZ85

Tax ID: 84-0521049

4.5 stars - out of 5 stars, based on 94 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Firstbank is a mid-sized bank specializing in Home Purchase and Refi loans. Firstbank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Denver, Phoenix, Edwards, Boulder, and Fort Collins among others. Firstbank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Firstbank is typically an average fee lendor.


Originations

8,769

Origination Dollar Volume (All Markets)

$3,993,135,000

Employee count

2,515

Awards

FirstBank 30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

Firstbank's average 30 year fixed rate mortgage of loans were 3.22%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.07%.

Relative Fees

Firstbank's average total fees for a 30 year fixed rate mortgage are $5,030.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4,632 $1,851,330,000 $399,683 $4,175 3.47%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 751 $394,165,000 $524,854 $4,687 3.44%
Edwards, CO (FHA|USDA|VA) 524 $351,600,000 $670,992 $4,502 3.21%
BOULDER, CO (FHA|USDA|VA) 443 $289,725,000 $654,007 $4,534 3.42%
FORT COLLINS, CO (FHA|USDA|VA) 561 $223,485,000 $398,369 $3,924 3.46%
COLORADO SPRINGS, CO (FHA|USDA|VA) 468 $217,730,000 $465,235 $3,519 3.44%
Breckenridge, CO (FHA|USDA|VA) 346 $190,030,000 $549,220 $4,738 3.25%
GREELEY, CO (FHA|USDA|VA) 507 $147,675,000 $291,272 $3,850 3.45%
Glenwood Springs, CO (FHA|USDA|VA) 157 $130,905,000 $833,790 $6,605 3.19%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 199 $94,165,000 $473,191 $5,215 3.30%
Outside of Metro Areas 110 $49,320,000 $448,364 $5,092 3.27%
GRAND JUNCTION, CO (FHA|USDA|VA) 9 $9,895,000 $1,099,444 $2,273 3.25%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $6,720,000 $840,000 $8,397 3.02%
Kapaa, HI (FHA|USDA|VA) 1 $6,575,000 $6,575,000 $0 3.13%
PUEBLO, CO (FHA|USDA|VA) 16 $6,130,000 $383,125 $3,283 3.46%
Steamboat Springs, CO (FHA|USDA|VA) 11 $5,795,000 $526,818 $7,235 3.30%
Kalispell, MT (FHA|USDA|VA) 1 $3,445,000 $3,445,000 $0 3.13%
TUCSON, AZ (FHA|USDA|VA) 4 $2,550,000 $637,500 $3,662 3.39%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $2,205,000 $2,205,000 $0 2.63%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,540,000 $385,000 $3,581 2.97%
Craig, CO (FHA|USDA|VA) 1 $1,465,000 $1,465,000 $0 3.60%
FLAGSTAFF, AZ (FHA|USDA|VA) 2 $1,290,000 $645,000 $4,126 2.88%
Fort Morgan, CO (FHA|USDA|VA) 2 $1,240,000 $620,000 $0 3.50%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $1,180,000 $295,000 $0 3.41%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $805,000 $805,000 $11,329 3.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $605,000 $605,000 $0 3.25%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $555,000 $555,000 $0 3.88%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $435,000 $435,000 $2,848 2.88%
Show Low, AZ (FHA|USDA|VA) 2 $390,000 $195,000 $0 4.00%
Cañon City, CO (FHA|USDA|VA) 1 $185,000 $185,000 $3,817 3.00%

Firstbank's top markets include Denver, Phoenix, Edwards, Boulder, and Fort Collins among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 8,764 $3,991,670,000 $455,462 $4,303 3.42%
FHA 5 $1,465,000 $293,000 $10,066 3.03%

For the 2021 period, Firstbank's most frequently originated loan type of loans were Conventional, with 8,764 originations. Their 2nd most popular type is FHA, with 5 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 3,699 $2,442,845,000 $660,407 $5,179 3.37%
Refi 2,646 $1,152,170,000 $435,438 $4,264 3.09%
Home Improvement 1,435 $186,685,000 $130,094 $1,400 4.00%
Other 681 $119,745,000 $175,837 $1,818 3.96%
Cash Out Refi 308 $91,690,000 $297,695 $4,396 3.08%

For the 2021, Firstbank's most frequently cited loan purpose of loans were Home Purchase, with 3,699 originations. The 2nd most popular reason of loans were Refi, with 2,646 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,954 $2,086,310,000 $527,645 $5,030 3.22%
10 Year 2,451 $801,575,000 $327,040 $1,470 3.96%
15 Year 1,583 $534,145,000 $337,426 $3,686 2.83%
3 Year 236 $41,230,000 $174,703 $1,677 4.26%
Other 229 $381,295,000 $1,665,044 $2,888 3.88%
5 Year 178 $92,690,000 $520,730 $140 4.04%
1 Year 74 $39,450,000 $533,108 $11,430 4.10%
20 Year 64 $16,440,000 $256,875 $4,532 2.84%

For the 2021, Firstbank's most frequently cited loan length of loans were 30 Year, with 3,954 originations. The 2nd most popular length of loans were 10 Year, with 2,451 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 2,470 $1,048,220,000 $424,381
$1k-2k 516 $221,840,000 $429,922
$5k+ 465 $381,155,000 $819,688
$3k-4k 451 $170,525,000 $378,104
$2k-3k 317 $84,555,000 $266,735

$5,030 of loans were Firstbank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,470 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 4,831 $2,561,345,000 $530,189
2.5-3% 1,964 $973,920,000 $495,886
4-5% 1,055 $195,615,000 $185,417
<2.5% 906 $258,710,000 $285,552
5-6% 8 $3,110,000 $388,750
Over 8% 3 $105,000 $35,000
6-7% 2 $330,000 $165,000

During 2021, Firstbank's average interest rate of loans were 3.22%, while their most frequently originated rate bucket of loans were 3-4%, with 4,831 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,682 $774,710,000 $288,855 $3,945 3.23%
$100k-200k 1,736 $241,140,000 $138,906 $2,951 3.48%
$100,000 or less 1,421 $75,035,000 $52,804 $604 4.01%
$400k-600k 1,280 $616,550,000 $481,680 $4,714 3.26%
$600k-1MM 906 $688,310,000 $759,724 $5,959 3.28%
$1MM+ 744 $1,597,390,000 $2,147,030 $9,339 3.31%

2021 saw Firstbank place emphasis on $200k-400k loans with 2,682 originations, totaling $774,710,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 1,621 $974,155,000 $600,959 $6,296 3.43%
$150k-250k 1,591 $543,475,000 $341,593 $4,463 3.48%
$100k-150k 1,337 $350,155,000 $261,896 $3,810 3.46%
$50k-75k 869 $187,025,000 $215,219 $3,397 3.19%
$75k-100k 722 $167,180,000 $231,551 $3,609 3.36%
$50k or less 590 $122,670,000 $207,915 $3,001 3.10%

Firstbank lent most frequently to those with incomes in the $250k+ range, with 1,621 originations. The second most popular income band? $150k-250k, with 1,591 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,433 $466,375,000 $325,454 $3,931 3.34%
50-60% 1,114 $501,560,000 $450,233 $5,021 3.52%
30-36% 1,072 $348,400,000 $325,000 $3,893 3.39%
>60% 944 $468,070,000 $495,837 $5,867 3.42%
<20% 779 $281,935,000 $361,919 $4,372 3.28%
40% 242 $86,700,000 $358,264 $4,472 3.41%
42% 227 $78,105,000 $344,075 $3,882 3.36%
46% 211 $86,925,000 $411,967 $4,243 3.45%
45% 210 $78,430,000 $373,476 $3,665 3.38%
43% 206 $70,100,000 $340,291 $3,890 3.33%
39% 203 $70,165,000 $345,640 $4,587 3.34%
38% 194 $65,830,000 $339,330 $3,939 3.36%
37% 193 $74,805,000 $387,591 $4,410 3.41%
36% 186 $62,660,000 $336,882 $4,723 3.39%
41% 182 $62,650,000 $344,231 $3,630 3.28%
44% 180 $59,410,000 $330,056 $4,087 3.39%
48% 176 $59,540,000 $338,295 $4,617 3.44%
49% 159 $57,765,000 $363,302 $4,070 3.45%
47% 159 $52,115,000 $327,767 $4,141 3.40%

Firstbank lent most frequently to those with DTI ratios of 20-30%, with 1,433 originations. The next most common DTI ratio? 50-60%, with 1,114 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 5,117 $1,762,745,000 $344,488 $4,189 3.40%
Not applicable 1,996 $1,607,950,000 $805,586 $5,259 3.56%
Not provided 1,079 $435,945,000 $404,027 $4,796 3.38%
Asian 368 $125,750,000 $341,712 $4,045 3.16%
Black 109 $30,815,000 $282,706 $3,350 3.25%
American Indian 52 $14,270,000 $274,423 $3,787 3.24%
Other Asian 9 $5,235,000 $581,667 $9,402 3.08%
Asian Indian 10 $3,380,000 $338,000 $4,083 3.25%
Chinese 7 $2,505,000 $357,857 $2,805 3.45%
Korean 6 $1,950,000 $325,000 $2,989 3.23%
Native Hawaiian 6 $1,310,000 $218,333 $2,791 3.13%
Vietnamese 3 $285,000 $95,000 $0 3.54%
Guamanian 1 $265,000 $265,000 $6,751 3.25%
Filipino 1 $245,000 $245,000 $2,874 3.13%
Other Pacific Islander 2 $230,000 $115,000 $2,066 2.94%
Japanese 2 $130,000 $65,000 $0 4.13%
Native Hawiian 1 $125,000 $125,000 $5,032 2.88%

Approval Rates

Total approvals of all applications
90.95%

Firstbank has an average approval rate.

Pick Rate

Approvals leading to origination
74.92%

Firstbank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 8,769 $3,993,135,000 $455,369

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
8,769 $3,993,135,000 $455,369

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,365 $362,115,000 $265,286 $3,613 3.33%
40-60% 1,446 $795,280,000 $549,986 $4,896 3.16%
60-80% 3,231 $2,215,365,000 $685,659 $5,218 3.28%
80-100% 764 $412,010,000 $539,280 $4,622 3.14%
Over 100% 3 $26,655,000 $8,885,000 $4,613 3.56%
Under 20% 1,960 $181,710,000 $92,709 $860 4.02%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRSTBANK PUERTO RICO Conventional home mortgage Trouble during payment process 10 38.5%
FIRSTBANK PUERTO RICO FHA mortgage Struggling to pay mortgage 1 3.8%
FIRSTBANK PUERTO RICO FHA mortgage Trouble during payment process 1 3.8%
FIRSTBANK PUERTO RICO Other type of mortgage Trouble during payment process 1 3.8%
FIRSTBANK PUERTO RICO VA mortgage Trouble during payment process 2 7.7%
FIRSTBANK PUERTO RICO VA mortgage Closing on a mortgage 1 3.8%
FIRSTBANK PUERTO RICO VA mortgage Struggling to pay mortgage 1 3.8%
FIRSTBANK PUERTO RICO Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 11.5%
FIRSTBANK PUERTO RICO Conventional home mortgage Closing on a mortgage 3 11.5%
FIRSTBANK PUERTO RICO Conventional home mortgage Struggling to pay mortgage 3 11.5%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Firstbank 11767 West Ken Caryl Avenue Littleton, CO 80127 Full Service B&M $246,281
Firstbank 1550 North Gilbert Road Gilbert, AZ 85234 Full Service B&M $169,519
Firstbank 1559 N. Litchfield Road Goodyear, AZ 85395 Full Service B&M $51,644
Firstbank 160 Us Highway 6 Silverthorne, CO 80498 Full Service B&M $277,549
Firstbank 1617 E. Colfax Avenue Denver, CO 80218 Full Service B&M $168,352
Firstbank 16530 Keystone Blvd. Parker, CO 80134 Full Service B&M $129,216
Firstbank 17 Vail Road Vail, CO 81657 Full Service B&M $510,805
Firstbank 1707 North Main Street Longmont, CO 80501 Full Service B&M $470,310
Firstbank 1720 South Power Road Mesa, AZ 85206 Full Service B&M $19,798
Firstbank 1779 Highway 7 Erie, CO 80516 Full Service B&M $93,903
Firstbank 1849 West Glendale Avenue Phoenix, AZ 85021 Full Service B&M $12,998
Firstbank 18521 Green Valley Ranch Blvd Denver, CO 80249 Full Service B&M $106,679
Firstbank 18600 East Hampden Avenue Aurora, CO 80013 Full Service B&M $109,709
Firstbank 19309 North R. H. Johnson Blvd Sun City, AZ 85375 Full Service B&M $54,885
Firstbank 2323 East Arapahoe Road Centennial, CO 80122 Full Service B&M $242,619
Firstbank 23399 North Scottsdale Road, Suite E101 Scottsdale, AZ 85255 Full Service B&M $23,250
Firstbank 25 Market Street Eagle, CO 81631 Full Service B&M $129,312
Firstbank 25541 East Smoky Hill Road Aurora, CO 80016 Full Service B&M $65,970
Firstbank 25617 Conifer Road Conifer, CO 80433 Full Service B&M $131,788
Firstbank 264 Union Blvd. Lakewood, CO 80228 Full Service Retail $120,777
Firstbank 2644 South Timberline Road Fort Collins, CO 80525 Full Service B&M $118,162
Firstbank 2740 So. Colorado Blvd. Denver, CO 80222 Full Service B&M $229,491
Firstbank 275 S Federal Blvd Denver, CO 80219 Full Service B&M $51,235
Firstbank 2790 Briargate Boulevard Colorado Springs, CO 80920 Full Service B&M $101,679
Firstbank 2835 Pearl Street, Suite A Boulder, CO 80301 Full Service B&M $390,499
Firstbank 2850 Quebec Street Denver, CO 80207 Full Service B&M $201,013
Firstbank 2901 23rd Avenue Greeley, CO 80631 Full Service B&M $93,470
Firstbank 4322 West 9th Street Rd Greeley, CO 80634 Full Service B&M $107,683
Firstbank 4350 Wadsworth Boulevard Wheat Ridge, CO 80033 Full Service B&M $654,397
Firstbank 4770 Baseline Road, Suite 100 Boulder, CO 80303 Full Service B&M $283,890
Firstbank 4775 Front Street Castle Rock, CO 80104 Full Service B&M $225,795
Firstbank 4925 North 20th Street Phoenix, AZ 85016 Full Service B&M $181,029
Firstbank 500 S. Mccaslin Blvd Louisville, CO 80027 Full Service B&M $234,032
Firstbank 5105 South Dtc Parkway Greenwood Village, CO 80111 Full Service B&M $950,050
Firstbank 5125 South Kipling Street Littleton, CO 80127 Full Service B&M $402,685
Firstbank 5130 W. 120th Avenue Westminster, CO 80020 Full Service B&M $262,735
Firstbank 550 South Wadsworth Boulevard Lakewood, CO 80226 Full Service B&M $491,610
Firstbank 5815 Constitution Avenue Colorado Springs, CO 80915 Full Service B&M $123,239
Firstbank 5885 West Bell Rd. Glendale, AZ 85308 Full Service B&M $26,033
Firstbank 600 Broadway Denver, CO 80203 Full Service B&M $79,689
Firstbank 8600 East Arapahoe Road Centennial, CO 80112 Full Service B&M $380,036
Firstbank 8800 Wadsworth Boulevard Westminster, CO 80021 Full Service B&M $446,353
Firstbank 8901 East Hampden Avenue Denver, CO 80231 Full Service B&M $215,155
Firstbank 8922 East Via Linda Scottsdale, AZ 85258 Full Service B&M $86,176
Firstbank 9217 East Lincoln Avenue Lone Tree, CO 80124 Full Service B&M $163,479
Firstbank 9409 South University Boulevard Highlands Ranch, CO 80126 Full Service B&M $242,125
Firstbank 960 N.Ten Mile Drive Frisco, CO 80443 Full Service B&M $94,053
Firstbank 0011 West Beaver Creek Boulevard Avon, CO 81620 Full Service B&M $442,410
Firstbank 100 South College Avenue Fort Collins, CO 80524 Full Service B&M $79,794
Firstbank 100 St. Paul Street, Suite 100 Denver, CO 80206 Full Service B&M $767,005
Firstbank 101 West County Line Road Littleton, CO 80129 Full Service B&M $446,509
Firstbank 1010 West Baptist Road Colorado Springs, CO 80921 Full Service B&M $102,437
Firstbank 1013 East Harmony Road Fort Collins, CO 80525 Full Service B&M $400,647
Firstbank 10367 Federal Boulevard Westminster, CO 80260 Full Service B&M $190,481
Firstbank 10403 West Colfax Avenue Lakewood, CO 80215 Full Service B&M $1,810,391
Firstbank 105 Edwards Village Blvd. Edwards, CO 81632 Full Service B&M $132,685
Firstbank 10961 South Parker Road Parker, CO 80134 Full Service B&M $238,745
Firstbank 11695 Meridian Market View Road Peyton, CO 80831 Full Service B&M $35,449
Firstbank 1940 South Kipling Parkway Lakewood, CO 80227 Full Service B&M $326,368
Firstbank 19771 East Smoky Hill Road Centennial, CO 80015 Full Service B&M $289,077
Firstbank 2 North Cascade Avenue, Suite 130 Colorado Springs, CO 80903 Full Service B&M $208,445
Firstbank 2 Plum Creek Parkway Castle Rock, CO 80104 Full Service B&M $414,251
Firstbank 200 Ski Hill Road Breckenridge, CO 80424 Full Service B&M $386,532
Firstbank 2014 Grand Avenue Glenwood Springs, CO 81601 Full Service B&M $89,012
Firstbank 2020 South Alma School Road Chandler, AZ 85286 Full Service B&M $105,669
Firstbank 2025 N. Alma School Road Chandler, AZ 85224 Full Service B&M $23,021
Firstbank 2155 West 136th Avenue Broomfield, CO 80023 Full Service B&M $60,569
Firstbank 2219 W. Wildcat Reserve Parkway Highlands Ranch, CO 80129 Full Service B&M $188,953
Firstbank 2271 North Frontage Road West Vail, CO 81657 Full Service B&M $70,398
Firstbank 2300 South Havana Street Aurora, CO 80014 Full Service B&M $316,263
Firstbank 2315 S. College Avenue Fort Collins, CO 80525 Full Service B&M $141,378
Firstbank 30770 Stagecoach Boulevard Evergreen, CO 80439 Full Service B&M $280,768
Firstbank 3190 Youngfield Street Wheat Ridge, CO 80215 Full Service B&M $112,840
Firstbank 3500 South Wadsworth Boulevard Lakewood, CO 80235 Full Service B&M $297,442
Firstbank 3594 South Logan Street Englewood, CO 80113 Full Service B&M $32,105
Firstbank 36 North 50th Avenue Lakewood, CO 80215 Full Service B&M $67,496
Firstbank 370 17th Street Denver, CO 80202 Full Service B&M $451,158
Firstbank 3801 Federal Blvd Denver, CO 80211 Full Service B&M $77,220
Firstbank 3945 East Chandler Blvd. Phoenix, AZ 85048 Full Service B&M $36,302
Firstbank 39580 Washington Street Palm Desert, CA 92211 Full Service B&M $103,782
Firstbank 3990 East 104th Avenue Thornton, CO 80233 Full Service B&M $130,052
Firstbank 405 East Cheyenne Mountain Blvd Colorado Springs, CO 80906 Full Service B&M $80,589
Firstbank 410 East Bromley Lane Brighton, CO 80601 Full Service B&M $315,568
Firstbank 42-035 Washington Street Palm Desert, CA 92211 Full Service B&M $191,710
Firstbank 601 East Hopkins Avenue, Unit 1 Aspen, CO 81611 Full Service B&M $73,153
Firstbank 6080 Firestone Boulevard Firestone, CO 80504 Full Service B&M $102,675
Firstbank 6355 Ward Road Arvada, CO 80004 Full Service B&M $595,904
Firstbank 6440 South Higley Road Gilbert, AZ 85298 Full Service B&M $68,727
Firstbank 6500 Lookout Road Boulder, CO 80301 Full Service B&M $238,704
Firstbank 6701 South Wadsworth Littleton, CO 80128 Full Service B&M $384,993
Firstbank 73-000 Highway 111 Palm Desert, CA 92260 Full Service B&M $268,978
Firstbank 7590 West Colfax Avenue Lakewood, CO 80215 Full Service B&M $470,618
Firstbank 7602 East Indian School Road Scottsdale, AZ 85251 Full Service B&M $130,796
Firstbank 791 Hwy 133 Carbondale, CO 81623 Full Service B&M $23,133
Firstbank 8280 South Holly Street Centennial, CO 80122 Full Service B&M $254,899
Firstbank 82900 Avenue 42 Indio, CA 92203 Full Service B&M $50,036
Firstbank 830 South Colorado Boulevard Glendale, CO 80246 Full Service B&M $235,644
Firstbank 1200 17th Street, Suite 100 Denver, CO 80202 Full Service B&M $423,765
Firstbank 1270 South Hover Road Longmont, CO 80501 Full Service B&M $290,699
Firstbank 1275 Garden Of The Gods Road Colorado Springs, CO 80907 Full Service B&M $217,509
Firstbank 1316 East Evans Avenue Denver, CO 80210 Full Service B&M $144,272
Firstbank 13300 East Colfax Avenue Aurora, CO 80011 Full Service B&M $100,175
Firstbank 1352 West Eisenhower Boulevard Loveland, CO 80537 Full Service B&M $255,656
Firstbank 13600 Colorado Boulevard Thornton, CO 80602 Full Service B&M $161,149
Firstbank 14185 West Colfax Drive Golden, CO 80401 Full Service B&M $157,265
Firstbank 14827 Candelas Parkway Arvada, CO 80007 Full Service B&M $44,805
Firstbank 1510 Main Street Windsor, CO 80550 Full Service B&M $111,229
Firstbank 15250 East 104th Avenue Commerce City, CO 80022 Full Service B&M $50,286
Firstbank 15250 West 64th Avenue Arvada, CO 80007 Full Service B&M $194,940

For 2021, Firstbank had 109 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $689,932
Net interest income $671,975
Total noninterest income $141,353
Gross Fiduciary activities income $0
Service charges on deposit accounts $45,794
Trading account gains and fees $0
Additional Noninterest Income $95,559
Pre-tax net operating income $433,302
Securities gains (or losses, -) $564
Income before extraordinary items $339,975
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $339,975
Minority interest net income $0
Net income $339,975
Sale, conversion, retirement of capital stock, net $0
Net operating income $339,529

Firstbank's gross interest income from loans was $689,932,000.
Firstbank's net interest income from loans was $671,975,000.
Firstbank's fee based income from loans was $45,794,000.
Firstbank's net income from loans was $339,975,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $17,957
Provision for credit losses $3,419
Total noninterest expense $376,607
Salaries and employee benefits $201,162
Premises and equipment expense $45,807
Additional noninterest expense $129,638
Applicable income taxes $93,891
Net charge-offs $1,960
Cash dividends $155,000

Firstbank's interest expense for loans was $17,957,000.
Firstbank's payroll and benefits expense were $201,162,000.
Firstbank's property, plant and equipment expenses $45,807,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.2%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $26,672,903
Deposits held in domestic offices $26,672,903
Deposits by Individuals, partnerships, and corporations $25,716,867
Deposits by U.S. Government $4,619
Deposits by States and political subdivisions in the U.S. $947,417
Deposits by Commercial banks and other depository institutions in U.S. $4,000
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $3,678,592
Demand deposits $2,902,363
Nontransaction accounts $22,994,311
Money market deposit accounts (MMDAs) $18,922,087
Other savings deposits (excluding MMDAs) $2,868,164
Total time deposits $1,204,060
Total time and savings deposits $23,770,540
Noninterest-bearing deposits $2,813,163
Interest-bearing deposits $23,859,739
Retail deposits $26,398,182
IRAs and Keogh plan accounts $261,663
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $28,788,779
Cash & Balances due from depository institutions $1,927,545
Interest-bearing balances $1,603,039
Total securities $12,344,318
Federal funds sold & reverse repurchase $0
Net loans and leases $13,667,293
Loan and leases loss allowance $150,867
Trading account assets $0
Bank premises and fixed assets $243,005
Other real estate owned $2,421
Goodwill and other intangibles $15,752
All other assets $588,445

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $28,788,779
Total Liabilities $26,878,257
Total deposits $26,672,903
Interest-bearing deposits $23,859,739
Deposits held in domestic offices $26,672,903
% insured (estimated) $66
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $68,899
Subordinated debt $0
All other liabilities $136,455

Issued Loan Types

Type Value (in 000's)
Net loans and leases $13,667,293
Loan and leases loss allowance $150,867
Total loans and leases (domestic) $13,818,160
All real estate loans $12,809,600
Real estate loans in domestic offices $12,809,600
Construction and development loans $1,002,271
Residential 1-4 family construction $289,085
Other construction, all land development and other land $713,186
Loans secured by nonfarm nonresidential properties $3,219,888
Nonfarm nonresidential secured by owner-occupied properties $1,101,741
Commercial real estate & other non-farm, non-residential $2,118,147
Multifamily residential real estate $1,019,963
1-4 family residential loans $7,563,704
Farmland loans $3,774
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $331,321
To non-U.S. addressees $0
Loans to individuals $72,689
Credit card loans $61,905
Related Plans $10,193
Consumer Auto Loans $0
Other loans to individuals $591
All other loans & leases $604,551
Loans to foreign governments and official institutions $0
Other loans $24,556
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $20,124
Loans secured by real estate to non-U.S. addressees $122,041
Restructured Loans & leases $8,013
Non 1-4 family restructured loans & leases $1,432
Total loans and leases (foreign) $0

FirstBank had $13,667,293,000 of loans outstanding in 2021. $12,809,600,000 of loans were in real estate loans. $1,002,271,000 of loans were in development loans. $1,019,963,000 of loans were in multifamily mortgage loans. $7,563,704,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $61,905,000 of loans were in credit card loans. $0 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 1,697 $599,481 $353,259
Nonfarm, nonresidential loans - <$100k 130 $7,049 $54,223
Nonfarm, nonresidential loans - $100-250k 420 $60,568 $144,210
Nonfarm, nonresidential loans - $250k-1MM 1,147 $531,864 $463,700
Commercial & Industrial, US addressed loans - <$1MM 7,145 $177,113 $24,788
Commercial & Industrial, US addressed loans - <$100k 6,490 $34,700 $5,347
Commercial & Industrial, US addressed loans - $100-250k 363 $42,599 $117,353
Commercial & Industrial, US addressed loans - $250k-1MM 292 $99,814 $341,829
Farmland loans - <$1MM 2 $109 $54,500
Farmland loans - $100-250k 1 $34 $34,000
Farmland loans - $250k-1MM 1 $75 $75,000