First American State Bank Mortgage Rates, Fees & Info

Greenwood Village, CO

LEI: 549300AC46WDQ7G4M335

Tax ID: 84-1301731

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

First American State Bank is a smaller bank specializing in various types of mortgages.

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Originations

Origination Dollar Volume (All Markets)

Employee count

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Complaints

Bank Name	Product	Issue	2021 CPFB Complaints	% of Total Issues
First American Solutions, LLC	Conventional home mortgage	Closing on a mortgage	1	100.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
First American State Bank	8390 East Crescent Parkway, Suite 100 Greenwood Village, CO 80111	Full Service B&M	$230,177

For 2021, First American State Bank had 1 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$11,175
Net interest income	$9,523
Total noninterest income	$19
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$104
Trading account gains and fees	$0
Additional Noninterest Income	$-85
Pre-tax net operating income	$3,660
Securities gains (or losses, -)	$5
Income before extraordinary items	$2,896
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$2,896
Minority interest net income	$0
Net income	$2,896
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$2,892

First American State Bank's gross interest income from loans was $11,175,000.
First American State Bank's net interest income from loans was $9,523,000.
First American State Bank's fee based income from loans was $104,000.
First American State Bank's net income from loans was $2,896,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,652
Provision for credit losses	$-475
Total noninterest expense	$6,357
Salaries and employee benefits	$4,110
Premises and equipment expense	$517
Additional noninterest expense	$1,730
Applicable income taxes	$769
Net charge-offs	$9
Cash dividends	$1,200

First American State Bank's interest expense for loans was $1,652,000.
First American State Bank's payroll and benefits expense were $4,110,000.
First American State Bank's property, plant and equipment expenses $517,000.

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	0.0%
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	$239,360
Deposits held in domestic offices	$239,360
Deposits by Individuals, partnerships, and corporations	$163,228
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$4,525
Deposits by Commercial banks and other depository institutions in U.S.	$71,607
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$74,470
Demand deposits	$40,692
Nontransaction accounts	$164,890
Money market deposit accounts (MMDAs)	$43,355
Other savings deposits (excluding MMDAs)	$10,536
Total time deposits	$111,000
Total time and savings deposits	$198,668
Noninterest-bearing deposits	$40,692
Interest-bearing deposits	$198,668
Retail deposits	$232,475
IRAs and Keogh plan accounts	$5,025
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$270,040
Cash & Balances due from depository institutions	$10,470
Interest-bearing balances	$7,573
Total securities	$47,209
Federal funds sold & reverse repurchase	$0
Net loans and leases	$209,023
Loan and leases loss allowance	$1,926
Trading account assets	$0
Bank premises and fixed assets	$89
Other real estate owned	$423
Goodwill and other intangibles	$0
All other assets	$2,826

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$270,040
Total Liabilities	$244,593
Total deposits	$239,360
Interest-bearing deposits	$198,668
Deposits held in domestic offices	$239,360
% insured (estimated)	$79
Federal funds purchased and repurchase agreements	$2,718
Trading liabilities	$0
Other borrowed funds	$1,478
Subordinated debt	$0
All other liabilities	$1,037

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$209,023
Loan and leases loss allowance	$1,926
Total loans and leases (domestic)	$210,949
All real estate loans	$202,311
Real estate loans in domestic offices	$202,311
Construction and development loans	$5,526
Residential 1-4 family construction	$0
Other construction, all land development and other land	$5,526
Loans secured by nonfarm nonresidential properties	$91,982
Nonfarm nonresidential secured by owner-occupied properties	$19,173
Commercial real estate & other non-farm, non-residential	$72,809
Multifamily residential real estate	$7,798
1-4 family residential loans	$97,005
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$2,068
Commercial and industrial loans	$7,115
To non-U.S. addressees	$0
Loans to individuals	$87
Credit card loans	$0
Related Plans	$67
Consumer Auto Loans	$16
Other loans to individuals	$4
All other loans & leases	$10
Loans to foreign governments and official institutions	$0
Other loans	$10
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$0
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$0
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

First American State Bank had $209,023,000 of loans outstanding in 2021. $202,311,000 of loans were in real estate loans. $5,526,000 of loans were in development loans. $7,798,000 of loans were in multifamily mortgage loans. $97,005,000 of loans were in 1-4 family mortgage loans. $2,068,000 of loans were in farm loans. $0 of loans were in credit card loans. $16,000 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	47	$24,460	$520,426
Nonfarm, nonresidential loans - <$100k	2	$123	$61,500
Nonfarm, nonresidential loans - $100-250k	6	$1,077	$179,500
Nonfarm, nonresidential loans - $250k-1MM	39	$23,260	$596,410
Commercial & Industrial, US addressed loans - <$1MM	42	$5,770	$137,381
Commercial & Industrial, US addressed loans - <$100k	18	$475	$26,389
Commercial & Industrial, US addressed loans - $100-250k	17	$2,109	$124,059
Commercial & Industrial, US addressed loans - $250k-1MM	7	$3,186	$455,143