First National Bank, Cortez
First National Bank, Cortez is headquartered in Cortez and is the 73rd largest bank in the state of Colorado. It is also the 4,916st largest bank in the nation. It was established in 1958 and as of December of 2013, it had grown to 23 employees at 1 location. First National Bank, Cortez has a A health rating.
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 Q4 2013
Institution Health
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 National Bank, Cortez had $313,000 in non-current loans and owned real-estate with $8.55 million in equity and loan loss allowances on hand to cover it. This gives First National Bank, Cortez a Texas Ratio of 3.66% 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 decreased dramatically from 5.37% as of December 31, 2012 to 3.66% as of December 31, 2013, resulting in a positive change of 31.82%.This indicates that the balance sheet and financial strength for First National Bank, Cortez has improved dramatically in recent periods.
Deposit Growth
In the past year, First National Bank, Cortez has increased its total deposits by $3.99 million, resulting in 5.04% 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 excellent.
Capitalization
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 $93.16 million in assets with $8.55 million in equity, resulting in a capitalization level of 9.18%, which is average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 17872 |
| Year Established | 1958 |
| Employees | 23 |
| Primary Regulator | OCC |
| Assets and Liabilities | |
|---|---|
| Assets | $93.16 million |
| Loans | $31.45 million |
| Deposits | $83.12 million |
| Equity Capital | $7.99 million |
| Loan Loss Allowance | $556,000 |
| Unbacked Noncurrent Loans | $178,000 |
| Real Estate Owned | $135,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $93.75 million |
| Equity Capital | $9.35 million |
| Loan Loss Allowance | $482,000 |
| Unbacked Noncurrent Loans | $178,000 |
| Real Estate Owned | $227,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.44% |
| Return on Assets | 0.36% |
| Return on Equity | 3.95% |
| Interest Income | $3.29 million |
Sorry, we do not have rate data for First National Bank, Cortez
| First National Bank, Cortez Locations | ||
|---|---|---|
| First National Bank, Cortez | 2258 E. Main Street | Cortez, CO 81321 |