Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
119 First Street
Ault, CO 80610

Farmers Bank (CO) is headquartered in Ault and is the 35th largest bank in the state of Colorado. It is also the 2,678th largest bank in the nation. It was established in 2001 and as of December of 2013, it had grown to 30 employees at 2 locations. Farmers Bank (CO) has a B health rating.

No reviews have been left for this bank yet. Be the first to review.



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 Farmers Bank (CO) had $12.61 million in non-current loans and owned real-estate with $33.55 million in equity and loan loss allowances on hand to cover it. This gives Farmers Bank (CO) a Texas Ratio of 37.59% which is 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 Farmers Bank (CO) decreased dramatically from 86.25% as of December 31, 2012 to 37.59% as of December 31, 2013, resulting in a positive change of 56.43%.This indicates that the balance sheet and financial strength for Farmers Bank (CO) has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Farmers Bank (CO) has decreased its total deposits by -$3.54 million, resulting in -1.7% 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 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. Farmers Bank (CO) has $236.28 million in assets with $33.55 million in equity, resulting in a capitalization level of 14.20%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57335
Year Established2001
Employees30
Primary RegulatorFED
Assets and Liabilities
Assets$236.28 million
Loans$175.49 million
Deposits$204.86 million
Equity Capital$31.04 million
Loan Loss Allowance$2.51 million
Unbacked Noncurrent Loans$2.36 million
Real Estate Owned$10.25 million
Historic Data - December 2012
Assets$235.91 million
Equity Capital$27.34 million
Loan Loss Allowance$2.90 million
Unbacked Noncurrent Loans$2.36 million
Real Estate Owned$14.74 million
Profit Margin - Quarterly
Net Interest Margin4.25%
Return on Assets1.86%
Return on Equity14.81%
Interest Income$10.36 million
Rates

Sorry, we do not have rate data for Farmers Bank (CO)

Locations


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