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Overview / Commentary
133 Grand Avenue
Paonia, CO 81428

First Colorado National Bank is headquartered in Paonia and is the 93rd largest bank in the state of Colorado. It is also the 6,070th largest bank in the nation. It was established in 1903 and as of March of 2014, it had grown to 28 employees at 2 locations. First Colorado National Bank has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. First Colorado National Bank has a low asset base.

Texas Ratio

GRADE:
B+

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 First Colorado National Bank had $1.35 million in non-current loans and owned real-estate with $9.49 million in equity and loan loss allowances on hand to cover it. This gives First Colorado National Bank a Texas Ratio of 14.23% which is above 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 First Colorado National Bank decreased slightly from 19.85% as of March 31, 2013 to 14.23% as of March 31, 2014, resulting in a positive change of 28.32%.This indicates that the balance sheet and financial strength for First Colorado National Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First Colorado National Bank has increased its total deposits by $2.28 million, resulting in 6.49% 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 First Colorado National Bank has shown is excellent.

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. First Colorado National Bank has $45.97 million in assets with $9.49 million in equity, resulting in a capitalization level of 20.65%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #3047
Year Established1903
Employees28
Primary RegulatorOCC
Assets and Liabilities
Assets$45.97 million
Loans$33.42 million
Deposits$37.48 million
Equity Capital$8.26 million
Loan Loss Allowance$1.23 million
Unbacked Noncurrent Loans$908,000
Real Estate Owned$443,000
Historic Data - March 2013
Assets$43.21 million
Equity Capital$7.82 million
Loan Loss Allowance$1.25 million
Unbacked Noncurrent Loans$908,000
Real Estate Owned$706,000
Profit Margin - Quarterly
Net Interest Margin4.91%
Return on Assets-0.89%
Return on Equity-4.8%
Interest Income$483,000
Rates

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Locations


First Colorado National Bank Locations
First Colorado National Bank133 Grand AvenuePaonia, CO 81428
First National Bank, Delta - Paonia150 Gunnison River DriveDelta, CO 81416