Institution Statistics
| Garfield County Bank | | FDIC Certificate # | 18164 | | BankRate Report | View | | Year Established | 1960 | | Employees | 10 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $49.97 million | | Loans | $35.55 million | | Deposits | $43.44 million | | Equity Capital | $5.95 million | | Loan Loss Allowance | $662,000 | | Unbacked Noncurrent Loans | $848,000 |
Historic Data - March 2011 | | Assets | $43.52 million | | Equity Capital | $5.27 million | | Loan Loss Allowance | $604,000 | | Unbacked Noncurrent Loans | $1.20 million |
Profit Margin - Quarterly | | Net Interest Margin | 4.01% | | Return on Assets | 1.17% | | Return on Equity | 10% | | Interest Income | $592,000 |
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Institution Health
Overall Score:
5 out of 5 
| 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 March 31, 2012 Garfield County Bank had $848,000 in non-current loans and owned real-estate with $6.61 million in equity and loan loss allowances on hand to cover it. This gives Garfield County Bank a Texas Ratio of 12.83% 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 Garfield County Bank decreased slightly from 20.41% as of March 31, 2011 to 12.83% as of March 31, 2012, resulting in a positive change of 37.12%.This indicates that the balance sheet and financial strength for Garfield County Bank has improved slightly in recent periods. | | Deposit Growth |  | | In the past year, Garfield County Bank has increased its total deposits by $5.78 million, resulting in 15.34% 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 Garfield County 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. Garfield County Bank has $49.97 million in assets with $6.61 million in equity, resulting in a capitalization level of 13.22%, which is excellent. |
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