Mile High Banks

1726 Hover Street
Longmont, CO 80501
(303) 684-7350
www.milehighbanks.com

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Mile High Banks is headquartered in Longmont and is the 10^st largest bank in the state of Colorado. It is also the 726^th largest bank in the nation. It was established in 1919 and as of March of 2012, it had grown to 89 employees at 16 locations. Mile High Banks' savings rates are 44% higher than the national average, but it has a 1-star health rating.

2.07% 12-Month CD at Mile High Banks in Colorado - Local Only - 11/1/2009

Mile High Banks have a competitive 12-month CD with a 2.07% APY. Minimum deposit is $1,000. This rate is listed in the bank's rates page as of 11/01/2009.At the top of the rates page, it states that "Rates are available only to Colorado...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Mile High Banks Checking Account Rates

	Apy	Min	Max	Product
	0.25%	$100	-	NOW Checking

Mile High Banks Savings Account Rates

	Apy	Min	Max	Product
	0.75%	$100	-	Savings Account

Mile High Banks Money Market Rates

	Apy	Min	Max	Product
	0.89%	$125k	-	Regular Money Market

Mile High Banks CD Rates

Apy	Min	Max	Product
1.81%	$1k	-	60 Month CD
1.31%	$1k	-	36 Month CD
1.06%	$1k	-	24 Month CD
0.75%	$1k	-	12 Month CD
0.75%	$1k	-	18 Month CD
0.50%	$1k	-	6 Month CD
0.40%	$1k	-	30 Day CD
0.40%	$1k	-	90 Day CD

Mile High Banks IRA Rates

Apy	Min	Max	Product
1.81%	$1k	-	60 Month IRA
1.31%	$1k	-	36 Month IRA
1.06%	$1k	-	24 Month IRA
0.75%	$1k	-	12 Month IRA

Rates updated: 5/26/2012

Data for Q1 2012

Institution Statistics

Mile High Banks
FDIC Certificate #	3036
BankRate Report	View
Year Established	1919
Employees	89
Primary Regulator	FDIC
Assets and Liabilities
Assets	$912.65 million
Loans	$714.33 million
Deposits	$886.15 million
Equity Capital	$21.85 million
Loan Loss Allowance	$35.64 million
Unbacked Noncurrent Loans	$70.21 million
Real Estate Owned	$48.07 million
Historic Data - March 2011
Assets	$1.12 billion
Equity Capital	$56.65 million
Loan Loss Allowance	$37.89 million
Unbacked Noncurrent Loans	$45.63 million
Real Estate Owned	$29.40 million
Profit Margin - Quarterly
Net Interest Margin	3.34%
Return on Assets	-0.28%
Return on Equity	-12.01%
Interest Income	$9.43 million

Institution Health

Overall Score:

1 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 Mile High Banks had $118.28 million in non-current loans and owned real-estate with $57.49 million in equity and loan loss allowances on hand to cover it. This gives Mile High Banks a Texas Ratio of 205.72% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Mile High Banks increased slightly from 79.36% as of March 31, 2011 to 205.72% as of March 31, 2012, resulting in a negative change of 159.23%. This indicates that the balance sheet and financial strength for Mile High Banks has declined slightly in recent periods.
Deposit Growth
In the past year, Mile High Banks has decreased its total deposits by -$172.76 million, resulting in -16.31% 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 Mile High Banks has shown is poor.
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. Mile High Banks has $912.65 million in assets with $57.49 million in equity, resulting in a capitalization level of 6.30%, which is below average.