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Community State Bank (CO)

Community State Bank (CO)
Overview / Commentary
717 North Main Street
Lamar, CO 81052

Community State Bank (CO) is headquartered in Lamar and is the 77th largest bank in the state of Colorado. It is also the 5,070th largest bank in the nation. It was established in 2008 and as of December of 2013, it had grown to 15 employees at 1 location. Community State Bank (CO) has a A health rating.

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Health

Data for Q4 2013

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Community State Bank (CO) has a relatively low asset base.

Texas Ratio

GRADE:
A+

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 Community State Bank (CO) had $18,000 in non-current loans and owned real-estate with $11.49 million in equity and loan loss allowances on hand to cover it. This gives Community State Bank (CO) a Texas Ratio of 0.16% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Community State Bank (CO) experienced no significant changes from 0.04% as of December 31, 2012 to 0.16% as of December 31, 2013, resulting in a negative change of 321.06%. This indicates that the balance sheet and financial strength for Community State Bank (CO) has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Community State Bank (CO) has increased its total deposits by $168,000, resulting in 0.22% 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 Community State Bank (CO) 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. Community State Bank (CO) has $86.84 million in assets with $11.49 million in equity, resulting in a capitalization level of 13.23%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58732
Year Established2008
Employees15
Primary RegulatorFDIC
Assets and Liabilities
Assets$86.84 million
Loans$50.17 million
Deposits$76.49 million
Equity Capital$10.16 million
Loan Loss Allowance$1.33 million
Unbacked Noncurrent Loans$18,000
Real Estate Owned$0
Historic Data - December 2012
Assets$86.06 million
Equity Capital$9.42 million
Loan Loss Allowance$1.34 million
Unbacked Noncurrent Loans$18,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.7%
Return on Assets1.05%
Return on Equity9.37%
Interest Income$3.57 million
Rates

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Locations


Community State Bank (CO) Locations
Community State Bank717 North Main StreetLamar, CO 81052