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Overview / Commentary
119 First Street
Ault, CO 80610

Farmers Bank (CO) is headquartered in Ault and is the 36th largest bank in the state of Colorado. It is also the 2,763rd largest bank in the nation. It was established in 2001 and as of March of 2014, it had grown to 32 employees at 2 locations. Farmers Bank (CO) has a B health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Farmers Bank (CO) had $10.45 million in non-current loans and owned real-estate with $33.53 million in equity and loan loss allowances on hand to cover it. This gives Farmers Bank (CO) a Texas Ratio of 31.17% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Farmers Bank (CO) decreased dramatically from 80.32% as of March 31, 2013 to 31.17% as of March 31, 2014, resulting in a positive change of 61.19%.This indicates that the balance sheet and financial strength for Farmers Bank (CO) has improved dramatically in recent periods.

Deposit Growth


In the past year, Farmers Bank (CO) has decreased its total deposits by -$7.16 million, resulting in -3.51% 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 Farmers Bank (CO) has shown is below average.



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. Farmers Bank (CO) has $228.09 million in assets with $33.53 million in equity, resulting in a capitalization level of 14.70%, which is excellent.

Institution Statistics

FDIC Certificate #57335
Year Established2001
Primary RegulatorFED
Assets and Liabilities
Assets$228.09 million
Loans$174.86 million
Deposits$196.64 million
Equity Capital$30.98 million
Loan Loss Allowance$2.55 million
Unbacked Noncurrent Loans$2.42 million
Real Estate Owned$8.03 million
Historic Data - March 2013
Assets$232.27 million
Equity Capital$28.29 million
Loan Loss Allowance$2.81 million
Unbacked Noncurrent Loans$2.42 million
Real Estate Owned$14.07 million
Profit Margin - Quarterly
Return on Assets1.34%
Return on Equity10.02%
Interest Income$2.48 million

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Farmers Bank (CO) Locations
Farmers Bank119 First StreetAult, CO 80610
713 South Lemay Branch713 South LemayFort Collins, CO 80524