First National Bank, Cortez
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.
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
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.
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 $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
| Overall | |
|---|---|
| FDIC Certificate # | 17872 |
| Year Established | 1958 |
| Employees | 24 |
| Primary Regulator | OCC |
| 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 Margin | 3.54% |
| Return on Assets | 0.28% |
| Return on Equity | 3.2% |
| Interest Income | $825,000 |
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 |