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Overview / Commentary
2939 65Th Avenue
Greeley, CO 80634

First FarmBank is headquartered in Greeley and is the 59th largest bank in the state of Colorado. It is also the 4,075th largest bank in the nation. It was established in 2007 and as of June of 2014, it had grown to 27 employees at 4 locations. First FarmBank has a A health rating.

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Data for Q2 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 June 30, 2014 First FarmBank had $86,000 in non-current loans and owned real-estate with $11.9 million in equity and loan loss allowances on hand to cover it. This gives First FarmBank a Texas Ratio of 0.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First FarmBank decreased dramatically from 1.06% as of June 30, 2013 to 0.72% as of June 30, 2014, resulting in a positive change of 31.51%.This indicates that the balance sheet and financial strength for First FarmBank has improved dramatically in recent periods.

Deposit Growth


In the past year, First FarmBank has increased its total deposits by $25.25 million, resulting in 31.47% 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 FarmBank has shown is excellent.



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 FarmBank has $128.13 million in assets with $11.9 million in equity, resulting in a capitalization level of 9.29%, which is average.

Institution Statistics

FDIC Certificate #58508
Year Established2007
Primary RegulatorFDIC
Assets and Liabilities
Assets$128.13 million
Loans$90.51 million
Deposits$105.48 million
Equity Capital$10.94 million
Loan Loss Allowance$958,000
Unbacked Noncurrent Loans$86,000
Real Estate Owned$0
Historic Data - June 2013
Assets$97.46 million
Equity Capital$9.05 million
Loan Loss Allowance$807,000
Unbacked Noncurrent Loans$86,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.47%
Return on Equity5.38%
Interest Income$2.54 million

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First FarmBank Locations
First Farmbank127 22nd StreetGreeley, CO 80631
Yuma Colorado Branch501 E. 8th AvenueYuma, CO 80759