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2258 E. Main Street
Cortez, CO 81321

First National Bank, Cortez is headquartered in Cortez and is the 72nd largest bank in the state of Colorado. It is also the 4,843rd largest bank in the nation. It was established in 1958 and as of March of 2014, it had grown to 24 employees at 1 location. First National Bank, Cortez has a B+ health rating.

Reviews (1)

Degrading And Humiliating

It is very upsetting to know that when you have been an account holder at a bank for years that they would humiliate you not just once but four times is degrading I wouldn't recommend any body to bank with them now


Data for Q1 2014

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 National Bank, Cortez has a relatively low asset base.

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 First National Bank, Cortez had $305,000 in non-current loans and owned real-estate with $9.12 million in equity and loan loss allowances on hand to cover it. This gives First National Bank, Cortez a Texas Ratio of 3.35% 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 National Bank, Cortez experienced no significant changes from 2.65% as of March 31, 2013 to 3.35% as of March 31, 2014, resulting in a negative change of 26.35%. This indicates that the balance sheet and financial strength for First National Bank, Cortez has had no significant changes in recent periods.

Deposit Growth


In the past year, First National Bank, Cortez has increased its total deposits by $1.96 million, resulting in 2.53% 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 National Bank, Cortez has shown is above 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 National Bank, Cortez has $95.45 million in assets with $9.12 million in equity, resulting in a capitalization level of 9.55%, which is above average.

Institution Statistics

FDIC Certificate #17872
Year Established1958
Primary RegulatorOCC
Assets and Liabilities
Assets$95.45 million
Loans$33.26 million
Deposits$79.18 million
Equity Capital$8.52 million
Loan Loss Allowance$599,000
Unbacked Noncurrent Loans$170,000
Real Estate Owned$135,000
Historic Data - March 2013
Assets$94.63 million
Equity Capital$9.24 million
Loan Loss Allowance$465,000
Unbacked Noncurrent Loans$170,000
Real Estate Owned$227,000
Profit Margin - Quarterly
Net Interest Margin3.54%
Return on Assets0.28%
Return on Equity3.2%
Interest Income$825,000

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First National Bank, Cortez Locations
First National Bank, Cortez2258 E. Main StreetCortez, CO 81321