FirstBank Holding in Lakewood, Colo., reported higher profit through the first half of this year, as both loans and deposits grew.
The $15.2 billion-asset company said net income for the six-month period ending June 30 rose 3.7% to $85.8 million, according to a news release. Total deposits rose 8.4% to $13.6 billion. Net loans rose 10.4% to $8.37 billion.
The privately held FirstBank is not required to file quarterly financial reports with the Securities and Exchange Commission.
In Arizona, the company's second-largest market with 16 branches, loans rose 33.6% to $587.9 million. Additionally, FirstBank opened an office in Scottsdale, Ariz., during the second quarter.
In FirstBank's third-largest market, California, total loans rose 5.6% to $242.1 million.