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Overview / Commentary
13700 East Arapahoe Road
Centennial, CO 80112

Centennial Bank (CO) is headquartered in Centennial and is the 15st largest bank in the state of Colorado. It is also the 1,452nd largest bank in the nation. It was established in 1986 and as of December of 2013, it had grown to 87 employees at 11 locations. Centennial Bank (CO) has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Centennial Bank (CO) had $10.04 million in non-current loans and owned real-estate with $51.16 million in equity and loan loss allowances on hand to cover it. This gives Centennial Bank (CO) a Texas Ratio of 19.63% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Centennial Bank (CO) decreased slightly from 23.47% as of December 31, 2012 to 19.63% as of December 31, 2013, resulting in a positive change of 16.34%.This indicates that the balance sheet and financial strength for Centennial Bank (CO) has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Centennial Bank (CO) has increased its total deposits by $31.89 million, resulting in 8.87% 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 Centennial Bank (CO) has shown is excellent.

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. Centennial Bank (CO) has $459.61 million in assets with $51.16 million in equity, resulting in a capitalization level of 11.13%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #26853
Year Established1986
Employees87
Primary RegulatorFED
Assets and Liabilities
Assets$459.61 million
Loans$355.59 million
Deposits$391.41 million
Equity Capital$47.16 million
Loan Loss Allowance$4.00 million
Unbacked Noncurrent Loans$4.75 million
Real Estate Owned$5.29 million
Historic Data - December 2012
Assets$410.29 million
Equity Capital$40.95 million
Loan Loss Allowance$2.22 million
Unbacked Noncurrent Loans$4.75 million
Real Estate Owned$5.37 million
Profit Margin - Quarterly
Net Interest Margin4.27%
Return on Assets1.18%
Return on Equity11.7%
Interest Income$18.93 million
Rates

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Locations


Centennial Bank (CO) Locations
Edwards Branch105 Edwards Village Blvd, Unit D106&d107Edwards, CO 81632
Breckenridge Branch116 Lincoln Ave.Breckenridge, CO 80424
Centennial Bank13700 East Arapahoe RoadCentennial, CO 80112
Englewood Branch209 West Hampden AvenueEnglewood, CO 80110
Vail Branch2111 North Frontage Road West, Suite AVail, CO 81657
Boulder Branch2500 Broadway StreetBoulder, CO 80304
Steamboat Branch635 Marketplace PlazaSteamboat Springs, CO 80487
Downtown Denver Branch717 17th Street, Suite 100Denver, CO 80202
Winter Park Branch77699 US Highway 40Fraser, CO 80442