Firstbank Mortgage Rates, Fees & Info
Lakewood, COLEI: 5493009V3WNJX9V2GZ85
Tax ID: 84-0521049
2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
8,769Origination Dollar Volume (All Markets)
$3,993,135,000Employee count
2,515Awards
FirstBank - 2021
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For 2021, less than of lenders were eligible for this award.
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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 applications90.95%
Firstbank has an average approval rate.
Pick Rate
Approvals leading to origination74.92%
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 |
