FirstBank reports 2Q assets up 8% |

FirstBank reports 2Q assets up 8%

Daily News staff report

Lakewood – FirstBank Holding Company, the Lakewood-based holding company for the largest locally owned banking organization in Colorado, this week reported its 2010 second quarter financial results. As of June 30, 2010, the company held total assets of $10.3 billion, up 8 percent compared to the same period last year. Total deposits were $9.3 billion, an increase of 7 percent from June 30, 2009. Loans increased 4 percent to $4.3 billion.

FirstBank Holding Company’s net income for the first six months was $73.5 million, compared to $72.3 million during mid-year 2009. Earnings per share were $570, and return on average shareholder equity was 19.4 percent.

“For years FirstBank Holding Company has remained strong, and 2010 is no exception. During the first half of the year we continued to grow our asset and core deposit base, and we again generated a return for shareholders,” said John Ikard, president and CEO of FirstBank Holding Company. “The additions of new account offerings combined with our signature style of customer service and community involvement has allowed us to maintain the same financial health and steady growth we’ve always experienced.”

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