First Colorado Bancorp (FFBA) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : First Colorado Bancorp (FFBA)

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext

To: Carey Thompson who wrote ()	8/21/1997 4:30:00 PM
From: Carey Thompson	of 25

I've lived in Colorado about 20 yrs. This is the only locally owned bank left, and I dare say they plan to stay locally owned. All the other Colorado banks sold out during the oil bust of 1980s and the following real estate bust. They had a one time FDIC assessment in 3q96 causing earnings to be understated by $4 - 7 mill, depending on how you interpret the 10-K. I submit earns will grow by this amount PLUS the earnings generated by their acquisition ob s&L in Delta county on the western slope and their new banks in fast growing Highlands Ranch area in south suburban Denver. Here's the quote from the 10-k on the FDIC assessment: "The Company is subject to assessment by the Savings Association Insurance Fund (SAIF). In 1996, the Federal Deposit Insurance Corporation (FDIC) assessed a special premium on deposits insured by the SAIF. The Company's assessment approximated $7 million and is included in FDIC premiums in the accompanying consolidated statements of operations." Read the annual report and Good Luck investing.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext