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Overview / Commentary
970-264-2235
703 San Juan Street
Pagosa Springs, CO 81147

Citizens Bank of Pagosa Springs is headquartered in Pagosa Springs and is the 84th largest bank in the state of Colorado. It is also the 5,405th largest bank in the nation. It was established in 1991 and as of December of 2013, it had grown to 16 employees at 2 locations. Citizens Bank of Pagosa Springs' savings rates are 54% higher than the national average, and it has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Citizens Bank of Pagosa Springs has a relatively low asset base.

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 Citizens Bank of Pagosa Springs had $1.1 million in non-current loans and owned real-estate with $8.57 million in equity and loan loss allowances on hand to cover it. This gives Citizens Bank of Pagosa Springs a Texas Ratio of 12.83% 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 Citizens Bank of Pagosa Springs decreased dramatically from 19.57% as of December 31, 2012 to 12.83% as of December 31, 2013, resulting in a positive change of 34.44%.This indicates that the balance sheet and financial strength for Citizens Bank of Pagosa Springs has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Citizens Bank of Pagosa Springs has increased its total deposits by $1.58 million, resulting in 2.49% 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 Citizens Bank of Pagosa Springs 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. Citizens Bank of Pagosa Springs has $72.48 million in assets with $8.57 million in equity, resulting in a capitalization level of 11.83%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #33511
Year Established1991
Employees16
Primary RegulatorFDIC
Assets and Liabilities
Assets$72.48 million
Loans$30.49 million
Deposits$65.34 million
Equity Capital$7.04 million
Loan Loss Allowance$1.54 million
Unbacked Noncurrent Loans$874,000
Real Estate Owned$226,000
Historic Data - December 2012
Assets$71.82 million
Equity Capital$7.92 million
Loan Loss Allowance$1.68 million
Unbacked Noncurrent Loans$874,000
Real Estate Owned$1.06 million
Profit Margin - Quarterly
Net Interest Margin3.17%
Return on Assets0.72%
Return on Equity6.79%
Interest Income$2.26 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Citizens Bank of Pagosa Springs, we are a rate comparison website and can not provide official rates or promotions.

Citizens Bank of Pagosa Springs Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.80%--IRA Savings Account
0.15%--Savings Account

Citizens Bank of Pagosa Springs Money Market Rates

DetailsAPYMINMAXPRODUCT
0.07%--Business Money Market Account

Citizens Bank of Pagosa Springs Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Silver Checking Account
0.05%$10k-Investment Checking Account

Citizens Bank of Pagosa Springs CD Rates

DetailsAPYMINMAXPRODUCT
0.70%$1k-60 Month CD
0.50%$1k-36 Month CD
0.50%$1k-48 Month CD
0.40%$1k-24 Month CD
0.25%$1k-12 Month CD
0.15%$1k-6 Month CD
0.10%$1k-3 Month CD
Locations


Citizens Bank of Pagosa Springs Locations
Pagosa Springs Branch27 Talisman DrivePagosa Springs, CO 81147
Citizens Bank Of Pagosa Springs703 San Juan StreetPagosa Springs, CO 81147