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Overview / Commentary
719-265-6756
2835 Briargate Boulevard
Colorado Springs, CO 80920

Academy Bank, National Association is headquartered in Colorado Springs and is the 22nd largest bank in the state of Colorado. It is also the 2,099th largest bank in the nation. It was established in 1966 and as of March of 2014, it had grown to 303 employees at 54 locations. Academy Bank, National Association has a B+ health rating.

Reviews (1)

LOW Customer Service

Bank employees refuse to accept Power of Attorney document I present on behalf of my mother, the account holder. The document is signed, notarized, and is a Military Power of Attorney. Bank emplyees are looking for the word "durable" while not knowing anough about the law to realize that this document specifically states what I can do to represent my hospitalized mother.



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Academy Bank, National Association had $10.52 million in non-current loans and owned real-estate with $69.56 million in equity and loan loss allowances on hand to cover it. This gives Academy Bank, National Association a Texas Ratio of 15.12% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Academy Bank, National Association decreased dramatically from 42.17% as of March 31, 2013 to 15.12% as of March 31, 2014, resulting in a positive change of 64.15%.This indicates that the balance sheet and financial strength for Academy Bank, National Association has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Academy Bank, National Association has increased its total deposits by $3.61 million, resulting in 1.51% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Academy Bank, National Association has shown is above average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Academy Bank, National Association has $312.94 million in assets with $69.56 million in equity, resulting in a capitalization level of 22.23%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #19600
Year Established1966
Employees303
Primary RegulatorOCC
Assets and Liabilities
Assets$312.94 million
Loans$99.24 million
Deposits$242.06 million
Equity Capital$66.02 million
Loan Loss Allowance$3.55 million
Unbacked Noncurrent Loans$1.92 million
Real Estate Owned$8.60 million
Historic Data - March 2013
Assets$306.58 million
Equity Capital$61.31 million
Loan Loss Allowance$5.94 million
Unbacked Noncurrent Loans$1.92 million
Real Estate Owned$10.72 million
Profit Margin - Quarterly
Net Interest Margin2.31%
Return on Assets2.21%
Return on Equity10.43%
Interest Income$1.62 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Academy Bank, National Association, we are a rate comparison website and can not provide official rates or promotions.

Academy Bank, National Association Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Savings

Academy Bank, National Association Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$1m-Money Market

Academy Bank, National Association Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$50k-Elite Checking

Academy Bank, National Association CD Rates

DetailsAPYMINMAXPRODUCT
1.30%$500-60 Month CD
1.10%$500-48 Month CD
1.00%$500-36 Month CD
0.95%$500-30 Month CD
0.90%$500-24 Month CD
0.80%$500-18 Month CD
0.70%$500-15 Month CD
0.60%$500-12 Month CD
0.40%$500-9 Month CD
0.25%$500-182 Day CD
0.20%$500-91 Day CD
0.15%$500-30 Day CD

Academy Bank, National Association IRA Rates

DetailsAPYMINMAXPRODUCT
1.30%$500-60 Month IRA
1.10%$500-48 Month IRA
1.00%$500-36 Month IRA
0.95%$500-30 Month IRA
0.90%$500-24 Month IRA
0.80%$500-18 Month IRA
0.70%$500-15 Month IRA
0.60%$500-12 Month IRA
0.40%$500-9 Month IRA
0.25%$500-182 Day IRA
0.20%$500-91 Day IRA
Locations

Academy Bank, National Association has 54 locations. Click to view all Academy Bank, National Association locations.