FirstBank Holding Company, the Lakewood-based holding company for the largest locally owned banking organization in Colorado, recently reported its year-end 2009 financial results. The company — which has banks in Vail, Avon and Eagle — reported its net income grew to $146.5 million during 2009, up 15 percent compared to year-end 2008. During the fourth quarter, FirstBank reported net income of $36.7 million, up 15 percent from the fourth quarter of 2008.

Total assets held were $10.1 billion as of Dec. 31, 2009, up 9 percent from the previous year. Total deposits increased to $9.2 billion, up 14 percent, and loans grew by 6 percent to $4.2 billion.

“FirstBank performed well in 2009 and we are pleased with our year-end results,” said John A. Ikard, president and CEO of FirstBank Holding Company. “Despite economic headwinds, we maintained our high standard of customer service and continued to post strong profits for our shareholders. Our commitment to our core business has positioned FirstBank for additional expansion, continued financial health and enhanced customer service in 2010 and beyond.”

FirstBank operates 120 locations in Colorado, eight in Arizona and five in California. A majority of the company's stock is owned by management and employees. For more information, go to www.efirstbank.com.