FirstBank Holding Co. reports 9 percent increase in first quarter earnings

LAKEWOOD – FirstBank Holding Co., the Lakewood-based holding company
for the largest locally-owned banking organization in Colorado,
reported total assets of $10.37 billion in the first quarter, up 9
percent over the same period in 2009.

Total deposits were $9.38 billion, up 8 percent over Q1 2009, and loans
increased 6 percent to $4.27 billion.

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FirstBank of Northern Colorado, which operates under a separate charter,
reported total assets of $434.3 million, a 31 percent increase over the
prior year.

“FirstBank continued its steady trajectory of growth during the first
quarter of 2010,´ said John Ikard, president and CEO of FirstBank
Holding Co. “We saw asset and deposit growth in each of the three
states where we operate and continued to pay dividends to our
shareholders.”

FirstBank operates 120 locations in Colorado, eight in Arizona and five
in California.