FirstBank reports increases in net income, assets

LAKEWOOD – FirstBank Holding Co. reported today an increase in net income of $158.9 million in 2011, up 7 percent from 2010.

Total assets held were $11.6 billion as of Dec. 31, up 10 percent from December 2010.  Total deposits also increased 10 percent to $10.5 billion year-over-year in the fourth quarter and loans grew by 13 percent to $5.1 billion.
FirstBank is headquartered in Lakewood, and has branches throughout Larimer and Weld counties, as well as other parts of the state. The bank also has operations in Arizona and California.
In 2011, FirstBank added locations in Phoenix, Boulder and Denver.

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