FlatIrons Bank is headquartered in Boulder and is the 58th largest bank in the state of Colorado. It is also the 4,266th largest bank in the nation. It was established in 2001 and as of December of 2013, it had grown to 18 employees at 3 locations. FlatIrons Bank's money market rates are 48% higher than the national average, and it boasts a A+ health rating.
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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 FlatIrons Bank had $0 in non-current loans and owned real-estate with $13.14 million in equity and loan loss allowances on hand to cover it. This gives FlatIrons Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, FlatIrons Bank has increased its total deposits by $16.9 million, resulting in 19.3% 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 FlatIrons Bank has shown is excellent.
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. FlatIrons Bank has $121.25 million in assets with $13.14 million in equity, resulting in a capitalization level of 10.84%, which is above average.
|FDIC Certificate #||57280|
|Assets and Liabilities|
|Equity Capital||$11.30 million|
|Loan Loss Allowance||$1.85 million|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$11.20 million|
|Loan Loss Allowance||$1.83 million|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||3.58%|
|Return on Assets||0.86%|
|Return on Equity||8.81%|
|Interest Income||$4.56 million|
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|0.25%||$1k||-||Personal High Balance Savings Account|
|0.25%||-||-||Summit (Senior) Account|
|0.25%||$500||-||Business Savings Account|
|0.15%||$100||-||Personal Savings Account|
|0.65%||$200k||-||Personal Money Market Account|
|0.65%||$200k||-||Business Money Market Account|
|0.10%||$500||-||Personal NOW Checking Account|
|0.10%||$500||-||Business NOW Checking Account|
|0.95%||$1k||-||24 Month CD|
|0.70%||$1k||-||18 Month CD|
|0.50%||$1k||-||12 Month CD|
|0.35%||$1k||-||6 Month CD|
|0.95%||$1k||-||24 Month IRA|
|0.50%||$1k||-||12 Month IRA|
|FlatIrons Bank Locations|
|Flatirons Bank||1095 Canyon Blvd, Suite 100||Boulder, CO 80302|
|Longmont Branch||522 4th Avenue||Longmont, CO 80501|