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Overview / Commentary
303-365-3600
10660 East Colfax Avenue
Aurora, CO 80010

Citywide Banks is headquartered in Aurora and is the 8th largest bank in the state of Colorado. It is also the 561st largest bank in the nation. It was established in 1969 and as of December of 2013, it had grown to 209 employees at 12 locations. Citywide Banks has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
C+

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 Citywide Banks had $35.99 million in non-current loans and owned real-estate with $120.97 million in equity and loan loss allowances on hand to cover it. This gives Citywide Banks a Texas Ratio of 29.75% which is 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 Citywide Banks decreased slightly from 35.29% as of December 31, 2012 to 29.75% as of December 31, 2013, resulting in a positive change of 15.71%.This indicates that the balance sheet and financial strength for Citywide Banks has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Citywide Banks has increased its total deposits by $75.39 million, resulting in 7.76% 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 Citywide Banks has shown is excellent.

Capitalization

GRADE:
B+

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. Citywide Banks has $1.18 billion in assets with $120.97 million in equity, resulting in a capitalization level of 10.22%, which is above average.

Institution Statistics

Overall
FDIC Certificate #19858
Year Established1969
Employees209
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.18 billion
Loans$726.12 million
Deposits$1.05 billion
Equity Capital$104.40 million
Loan Loss Allowance$16.56 million
Unbacked Noncurrent Loans$9.02 million
Real Estate Owned$26.97 million
Historic Data - December 2012
Assets$1.11 billion
Equity Capital$103.29 million
Loan Loss Allowance$17.45 million
Unbacked Noncurrent Loans$9.02 million
Real Estate Owned$29.65 million
Profit Margin - Quarterly
Net Interest Margin4.23%
Return on Assets0.81%
Return on Equity8.67%
Interest Income$47.03 million
Rates

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Locations

Citywide Banks has 12 locations. Click to view all Citywide Banks locations.