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Colorado East Bank & Trust

Colorado East Bank & Trust
Overview / Commentary
719-336-5200
100 West Pearl Street
Lamar, CO 81052

Colorado East Bank & Trust is headquartered in Lamar and is the 9th largest bank in the state of Colorado. It is also the 869th largest bank in the nation. It was established in 1905 and as of December of 2013, it had grown to 221 employees at 18 locations. Colorado East Bank & Trust has a C+ health rating.

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Health

Data for Q4 2013

Institution Health

C+

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 Colorado East Bank & Trust had $41.88 million in non-current loans and owned real-estate with $98.53 million in equity and loan loss allowances on hand to cover it. This gives Colorado East Bank & Trust a Texas Ratio of 42.50% 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 Colorado East Bank & Trust decreased slightly from 49.77% as of December 31, 2012 to 42.50% as of December 31, 2013, resulting in a positive change of 14.60%.This indicates that the balance sheet and financial strength for Colorado East Bank & Trust has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Colorado East Bank & Trust has decreased its total deposits by -$21.27 million, resulting in -3.01% 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 Colorado East Bank & Trust has shown is below 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. Colorado East Bank & Trust has $775.8 million in assets with $98.53 million in equity, resulting in a capitalization level of 12.70%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #3027
Year Established1905
Employees221
Primary RegulatorFDIC
Assets and Liabilities
Assets$775.80 million
Loans$405.02 million
Deposits$685.97 million
Equity Capital$86.28 million
Loan Loss Allowance$12.25 million
Unbacked Noncurrent Loans$28.60 million
Real Estate Owned$13.28 million
Historic Data - December 2012
Assets$798.02 million
Equity Capital$86.45 million
Loan Loss Allowance$12.75 million
Unbacked Noncurrent Loans$28.60 million
Real Estate Owned$13.08 million
Profit Margin - Quarterly
Net Interest Margin3.55%
Return on Assets0.18%
Return on Equity1.66%
Interest Income$27.99 million
Rates

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Locations

Colorado East Bank & Trust has 18 locations. Click to view all Colorado East Bank & Trust locations.