FirstBank Holding Company, the Lakewood-based holding company for the largest locally owned banking organization in Colorado and the second largest bank by deposits, today reported its 2014 third quarter financial results.
FirstBank Holding Company’s net income for the first nine months of 2014 increased 4 percent to $125.57 million compared to$120.62 million as of September 30, 2013.
As of September 30, 2014, the company’s total deposits were $12.60 billion, up 6 percent compared to the third quarter of 2013. Total assets were $14.05 billion, also up 6 percent from the same time last year. Total loans grew 11 percent from the third quarter in 2013 to $7.75 billion ending September 30, 2014.
“FirstBank has experienced healthy third quarter results and we’re confident we’ll end 2014 with a strong financial performance,” saidJohn Ikard, CEO of FirstBank Holding Company. “The bank continued to grow our loan and deposit base in all of our markets and we added more locations in Arizona and Fort Collins. We’re hopeful we’ll continue this momentum during the fourth quarter.”