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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 6,134th largest bank in the nation. It was established in 1903 and as of December of 2013, it had grown to 28 employees at 2 locations. First Colorado National Bank has a B health rating.

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Data for Q4 2013

Institution Health

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


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 First Colorado National Bank had $1.36 million in non-current loans and owned real-estate with $9.96 million in equity and loan loss allowances on hand to cover it. This gives First Colorado National Bank a Texas Ratio of 13.64% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First Colorado National Bank decreased dramatically from 21.59% as of December 31, 2012 to 13.64% as of December 31, 2013, resulting in a positive change of 36.82%.This indicates that the balance sheet and financial strength for First Colorado National Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, First Colorado National Bank has decreased its total deposits by $-934,000, resulting in -2.54% 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 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. First Colorado National Bank has $45.42 million in assets with $9.96 million in equity, resulting in a capitalization level of 21.94%, which is excellent.

Institution Statistics

FDIC Certificate #3047
Year Established1903
Primary RegulatorOCC
Assets and Liabilities
Assets$45.42 million
Loans$35.48 million
Deposits$35.86 million
Equity Capital$8.74 million
Loan Loss Allowance$1.23 million
Unbacked Noncurrent Loans$773,000
Real Estate Owned$586,000
Historic Data - December 2012
Assets$45.15 million
Equity Capital$8.14 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$773,000
Real Estate Owned$699,000
Profit Margin - Quarterly
Net Interest Margin4.69%
Return on Assets1.07%
Return on Equity5.76%
Interest Income$1.86 million

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