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Overview / Commentary
102 East Bridge Street
Hotchkiss, CO 81419

First State Bank of Colorado is headquartered in Hotchkiss and is the 45th largest bank in the state of Colorado. It is also the 3,263rd largest bank in the nation. It was established in 1930 and as of December of 2013, it had grown to 60 employees at 6 locations. First State Bank of Colorado has a B health rating.

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
C

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 State Bank of Colorado had $9.06 million in non-current loans and owned real-estate with $25.83 million in equity and loan loss allowances on hand to cover it. This gives First State Bank of Colorado a Texas Ratio of 35.09% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for First State Bank of Colorado decreased dramatically from 50.70% as of December 31, 2012 to 35.09% as of December 31, 2013, resulting in a positive change of 30.79%.This indicates that the balance sheet and financial strength for First State Bank of Colorado has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, First State Bank of Colorado has decreased its total deposits by $-651,000, resulting in -0.41% 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 State Bank of Colorado has shown is average.

Capitalization

GRADE:
A+

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 State Bank of Colorado has $182.38 million in assets with $25.83 million in equity, resulting in a capitalization level of 14.16%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #12373
Year Established1930
Employees60
Primary RegulatorFED
Assets and Liabilities
Assets$182.38 million
Loans$118.41 million
Deposits$157.64 million
Equity Capital$24.07 million
Loan Loss Allowance$1.76 million
Unbacked Noncurrent Loans$4.88 million
Real Estate Owned$4.18 million
Historic Data - December 2012
Assets$183.99 million
Equity Capital$24.88 million
Loan Loss Allowance$2.22 million
Unbacked Noncurrent Loans$4.88 million
Real Estate Owned$8.61 million
Profit Margin - Quarterly
Net Interest Margin4.48%
Return on Assets0.32%
Return on Equity2.4%
Interest Income$7.72 million
Rates

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Locations


First State Bank of Colorado Locations
Westcliffe Branch1000 Main StreetWestcliffe, CO 81252
First State Bank Of Colorado102 East Bridge StreetHotchkiss, CO 81419
Paonia Branch128 Grand AvenuePaonia, CO 81428
Crawford Branch392 Highway 92Crawford, CO 81415
Fountain Branch410 South Santa FeFountain, CO 80817
Delta Branch564 Main StreetDelta, CO 81416