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Overview / Commentary
303-530-4999
1095 Canyon Blvd, Suite 100
Boulder, CO 80302

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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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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.

Deposit Growth

GRADE:
A+

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.

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. 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.

Institution Statistics

Overall
FDIC Certificate #57280
Year Established2001
Employees18
Primary RegulatorFDIC
Assets and Liabilities
Assets$121.25 million
Loans$76.62 million
Deposits$104.42 million
Equity Capital$11.30 million
Loan Loss Allowance$1.85 million
Real Estate Owned$0
Historic Data - December 2012
Assets$105.61 million
Equity Capital$11.20 million
Loan Loss Allowance$1.83 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.58%
Return on Assets0.86%
Return on Equity8.81%
Interest Income$4.56 million
Rates

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FlatIrons Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

FlatIrons Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.65%$200k-Personal Money Market Account
0.65%$200k-Business Money Market Account

FlatIrons Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$500-Personal NOW Checking Account
0.10%$500-Business NOW Checking Account

FlatIrons Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.95%$1k-24 Month CD
0.70%$1k-18 Month CD
0.50%$1k-12 Month CD
0.35%$1k-6 Month CD

FlatIrons Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.95%$1k-24 Month IRA
0.50%$1k-12 Month IRA
Locations


FlatIrons Bank Locations
Flatirons Bank1095 Canyon Blvd, Suite 100Boulder, CO 80302
Longmont Branch522 4th AvenueLongmont, CO 80501