FirstBank assets up 6 percent

Daily News staff report

Lakewood – FirstBank Holding Company, the Lakewood-based holding company for the largest locally owned banking organization in Colorado, recently reported its 2010 third quarter financial results. As of September 30, the company held total assets of $10.4 billion, up 6 percent compared to the same period last year. Total deposits were $9.35 billion, an increase of 5 percent from September 30, 2009. Loans increased 3 percent to $4.3 billion.

FirstBank Holding Company’s net income for the first nine months was $111.3 million, up from $109.9 million last year. Earnings per share were $864, and return on average shareholder equity was 19.1 percent.

“2010 is proving to be another very good year for FirstBank. In the third quarter we continued to see asset, core deposit and loan growth, and we again generated a healthy return for our shareholders,” said John Ikard, president and CEO of FirstBank Holding Company. “Thanks to the work of our talented team, FirstBank is maintaining a steady trajectory of growth.”

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