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5175 North Academy Boulevard
Colorado Springs, CO 80918

Peoples National Bank (CO) is headquartered in Colorado Springs and is the 28th largest bank in the state of Colorado. It is also the 2,413st largest bank in the nation. It was established in 1976 and as of March of 2014, it had grown to 257 employees at 7 locations. Peoples National Bank (CO) has a B+ health rating.

Reviews (1)

Disinterested, Slow, Poor Mortgage Service – Very Disappointing

We deeply regret having used Peoples National Bank and Mortgage for our financing needs. The reasons for this are many but essentially this is the consequence of lack of communications, collaboration, and status information coming from our the Branch Manager and Mortgage Banker.  This is particularly ironic since your website ( states the following “That is why we take the time to get to know you and your unique financial goals.”  In our case, our loan officer made no effort to meet with us (despite us living just a few minutes from his office), he failed to call us (even when there were issues with the loan), he failed to explain the forms that we needed to fill out (we had to ask what various acronyms meant), and when we initiated inquiries his responses were either flippant or ignored.

Furthermore Peoples delayed our loan processing on more than one occasion - In one case Peoples “cost” us a four day delay when they failed to submit our package to HUD on the Friday prior to a Holiday Weekend. The cumulative delays in processing the loan added two weeks to our closing.

In essence Peoples only contacted us when something was needed.  Rarely if ever was an explanation provided. Towards the end of the unduly delayed loan approval process, the interactions devolved into daily emergency requests for information without any relief, explanation, or indication when it might end.  (We asked on multiple occasions when we could hope to close.  They ignored these inquiries.)

Information coming from Peoples was spotty and limited to our inquiries.  At no time did our loan officer explain the forms – they were simply e-mailed to us with sweeping circles scribbled on them indicating where we need to sign.  Some forms were complete mysteries to us.

We deeply regret using Peoples Mortgage and the reason for this can attributed to a complete lack of communications from our loan officer



Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Peoples National Bank (CO) had $5.03 million in non-current loans and owned real-estate with $28.31 million in equity and loan loss allowances on hand to cover it. This gives Peoples National Bank (CO) a Texas Ratio of 17.77% 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 Peoples National Bank (CO) experienced no significant changes from 19.40% as of March 31, 2013 to 17.77% as of March 31, 2014, resulting in a positive change of 8.39%.This indicates that the balance sheet and financial strength for Peoples National Bank (CO) has had no significant changes in recent periods.

Deposit Growth


In the past year, Peoples National Bank (CO) has increased its total deposits by $48.34 million, resulting in 26.38% 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 Peoples National Bank (CO) has shown is excellent.



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. Peoples National Bank (CO) has $267.26 million in assets with $28.31 million in equity, resulting in a capitalization level of 10.59%, which is above average.

Institution Statistics

FDIC Certificate #22211
Year Established1976
Primary RegulatorOCC
Assets and Liabilities
Assets$267.26 million
Loans$141.58 million
Deposits$231.60 million
Equity Capital$26.81 million
Loan Loss Allowance$1.50 million
Unbacked Noncurrent Loans$2.72 million
Real Estate Owned$2.31 million
Historic Data - March 2013
Assets$224.49 million
Equity Capital$25.13 million
Loan Loss Allowance$2.27 million
Unbacked Noncurrent Loans$2.72 million
Real Estate Owned$3.20 million
Profit Margin - Quarterly
Net Interest Margin3.22%
Return on Assets0.77%
Return on Equity6.98%
Interest Income$2.09 million

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Peoples National Bank (CO) Locations
Gleneagle Branch13725 Struthers Road Suite 1Colorado Springs, CO 80921
Monument Branch1899 Woodmoor DriveMonument, CO 80132
North Tejon Branch19 North Tejon, Ste 100Colorado Springs, CO 80903
Leadville Branch400 Harrison AvenueLeadville, CO 80461
Peoples National Bank5175 North Academy BoulevardColorado Springs, CO 80918
Plaza Branch551 Highway 105Monument, CO 80132
Woodland Park Branch651 Scott AvenueWoodland Park, CO 80863
Fountain Branch6830 Mesa Ridge ParkwayFountain, CO 80817