Front Range Bank is headquartered in Lakewood and is the 43rd largest bank in the state of Colorado. It is also the 3,175th largest bank in the nation. It was established in 1997 and as of September of 2013, it had grown to 31 employees at 3 locations. Front Range Bank has a B health rating.
Front Range Has Unfair Lending Practices.
Don't do business with Front Range, they got in trouble with the FDIC before by making loans when they were not in a good positions to make loans. Now they just screw new borrowers by demanding more collateral than required to cover the loan and money deposits on top of that. They just stick it to borrowers to cover their poor past performance, and refuse to help with underwater mortgages just to protect their ratings. Bank lender or bank robber? Run from them!
Data for Q3 2013
Institution Health
Texas Ratio
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 September 30, 2013 Front Range Bank had $2.1 million in non-current loans and owned real-estate with $16.45 million in equity and loan loss allowances on hand to cover it. This gives Front Range Bank a Texas Ratio of 12.74% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Front Range Bank increased slightly from 7.59% as of September 30, 2012 to 12.74% as of September 30, 2013, resulting in a negative change of 67.94%. This indicates that the balance sheet and financial strength for Front Range Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Front Range Bank has increased its total deposits by $37.68 million, resulting in 31.85% 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 Front Range Bank has shown is excellent.
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. Front Range Bank has $190.59 million in assets with $16.45 million in equity, resulting in a capitalization level of 8.63%, which is average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 34401 |
| Year Established | 1997 |
| Employees | 31 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $190.59 million |
| Loans | $94.93 million |
| Deposits | $155.98 million |
| Equity Capital | $15.39 million |
| Loan Loss Allowance | $1.06 million |
| Unbacked Noncurrent Loans | $1.42 million |
| Real Estate Owned | $672,000 |
| Historic Data - September 2012 | |
|---|---|
| Assets | $156.83 million |
| Equity Capital | $16.30 million |
| Loan Loss Allowance | $942,000 |
| Unbacked Noncurrent Loans | $1.42 million |
| Real Estate Owned | $713,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.65% |
| Return on Assets | 1.21% |
| Return on Equity | 13.67% |
| Interest Income | $4.90 million |
Sorry, we do not have rate data for Front Range Bank
| Front Range Bank Locations | ||
|---|---|---|
| Front Range Bank | 13013 West Alameda Parkway | Lakewood, CO 80228 |
| Englewood Branch | 3594 South Logan Street | Englewood, CO 80113 |
| Alton Way Branch | 7006 South Alton Way, Building B | Centennial, CO 80112 |