High Plains Bank (CO)
High Plains Bank (CO) is headquartered in Flagler and is the 60th largest bank in the state of Colorado. It is also the 4,391st largest bank in the nation. It was established in 1908 and as of December of 2013, it had grown to 44 employees at 4 locations. High Plains Bank (CO) has a A+ health rating.
Watch Out In Bennett
This bank in Bennett, colorado needs to educate its employees regarding privacy. Bennett, is a small town and the employees in this bank tell Bennett residents about their customers. This is the second time this has happened. Its unbelievable.
Please call a meeting with your employees and remind them of privacy
Data for Q4 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 December 31, 2013 High Plains Bank (CO) had $584,000 in non-current loans and owned real-estate with $12.43 million in equity and loan loss allowances on hand to cover it. This gives High Plains Bank (CO) a Texas Ratio of 4.70% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for High Plains Bank (CO) decreased dramatically from 13.85% as of December 31, 2012 to 4.70% as of December 31, 2013, resulting in a positive change of 66.08%.This indicates that the balance sheet and financial strength for High Plains Bank (CO) has improved dramatically in recent periods.
Deposit Growth
In the past year, High Plains Bank (CO) has increased its total deposits by $2.96 million, resulting in 3.19% 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 High Plains Bank (CO) 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. High Plains Bank (CO) has $115.21 million in assets with $12.43 million in equity, resulting in a capitalization level of 10.79%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 3017 |
| Year Established | 1908 |
| Employees | 44 |
| Primary Regulator | FED |
| Assets and Liabilities | |
|---|---|
| Assets | $115.21 million |
| Loans | $81.46 million |
| Deposits | $95.78 million |
| Equity Capital | $11.01 million |
| Loan Loss Allowance | $1.42 million |
| Unbacked Noncurrent Loans | $48,000 |
| Real Estate Owned | $536,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $110.76 million |
| Equity Capital | $10.62 million |
| Loan Loss Allowance | $1.47 million |
| Unbacked Noncurrent Loans | $48,000 |
| Real Estate Owned | $1.26 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.52% |
| Return on Assets | 1.34% |
| Return on Equity | 14.12% |
| Interest Income | $5.07 million |
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High Plains Bank (CO) Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.35% | - | - | IRA Savings Account | |
| 0.35% | - | - | Health Savings Account | |
| 0.35% | - | $2,400 | Christmas Club Savings Account | |
| 0.11% | - | - | Young Banker Savings Account | |
| 0.10% | - | - | Regular Savings Account |
High Plains Bank (CO) Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | $500k | - | Money Market Checking Account |
High Plains Bank (CO) Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | $1k | - | NOW Checking Account | |
| 0.05% | - | - | Interest Bearing Business Checking |
High Plains Bank (CO) CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.80% | $1k | $100k | 3 Year CD | |
| 0.70% | $50 | - | Nest Egg Relationship CD | |
| 0.50% | $1k | $100k | 2 Year CD | |
| 0.35% | $1k | - | 15 Month Add-on CD | |
| 0.30% | $50k | $100k | 6 Month CD | |
| 0.30% | $1k | $100k | 1 Year CD | |
| 0.15% | $50k | $100k | 3 Month CD | |
| 0.10% | $50k | $100k | 1 Month CD |
| High Plains Bank (CO) Locations | ||
|---|---|---|
| Bennett Branch | 235 South Ash Street | Bennett, CO 80102 |
| High Plains Bank | 329 Main Avenue | Flagler, CO 80815 |
| Wiggins Branch | 502 Central | Wiggins, CO 80654 |
| Longmont Branch | 600 Kimbark Street | Longmont, CO 80501 |