Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
307-686-3300
319 South Gillette Avenue
Gillette, WY 82716

First National Bank of Gillette is headquartered in Gillette and is the 4th largest bank in the state of Wyoming. It is also the 1,241st largest bank in the nation. It was established in 1963 and as of June of 2014, it had grown to 85 employees at 3 locations. First National Bank of Gillette has a A+ health rating.

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q2 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 National Bank of Gillette had $2.56 million in non-current loans and owned real-estate with $57.8 million in equity and loan loss allowances on hand to cover it. This gives First National Bank of Gillette a Texas Ratio of 4.43% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for First National Bank of Gillette decreased slightly from 5.63% as of June 30, 2013 to 4.43% as of June 30, 2014, resulting in a positive change of 21.33%.This indicates that the balance sheet and financial strength for First National Bank of Gillette has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First National Bank of Gillette has increased its total deposits by $39.24 million, resulting in 8.8% 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 of Gillette has shown is excellent.

Capitalization

GRADE:
B+

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 of Gillette has $542.68 million in assets with $57.8 million in equity, resulting in a capitalization level of 10.65%, which is above average.

Institution Statistics

Overall
FDIC Certificate #18880
Year Established1963
Employees85
Primary RegulatorOCC
Assets and Liabilities
Assets$542.68 million
Loans$127.61 million
Deposits$485.23 million
Equity Capital$55.23 million
Loan Loss Allowance$2.57 million
Unbacked Noncurrent Loans$2.00 million
Real Estate Owned$566,000
Historic Data - June 2013
Assets$498.55 million
Equity Capital$50.38 million
Loan Loss Allowance$2.72 million
Unbacked Noncurrent Loans$2.00 million
Real Estate Owned$384,000
Profit Margin - Quarterly
Return on Assets1%
Return on Equity10.07%
Interest Income$6.80 million
Rates

Always verify rates and promotions with the bank or credit union. We are not First National Bank of Gillette, we are a rate comparison website and can not provide official rates or promotions.

First National Bank of Gillette Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.08%$1k-Regular Savings Account

First National Bank of Gillette Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$100k-Money Market

First National Bank of Gillette Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$5k-Interest Checking Account

First National Bank of Gillette CD Rates

DetailsAPYMINMAXPRODUCT
1.15%$10k-5 Year CD
1.00%$10k-4 Year CD
0.80%$10k-3 Year CD
0.60%$10k-2 Year CD
0.60%$10k-30 Month CD
0.40%$10k-1 Year CD
0.40%$10k-18 Month CD
0.20%$10k-3 Month CD
0.20%$10k-6 Month CD
Locations


First National Bank of Gillette Locations
Hwy 59 Branch2400 South Douglas HwyGillette, WY 82718
First National Bank Of Gillette319 South Gillette AvenueGillette, WY 82716
R C Ranch Branch520 Running W DriveGillette, WY 82718