Redstone Bank is headquartered in Centennial and is the 83rd largest bank in the state of Colorado. It is also the 5,356th largest bank in the nation. It was established in 2008 and as of March of 2014, it had grown to 14 employees at 1 location. Redstone Bank has a B+ health rating.
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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 Redstone Bank had $0 in non-current loans and owned real-estate with $10.13 million in equity and loan loss allowances on hand to cover it. This gives Redstone Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Redstone Bank has decreased its total deposits by $-152,000, resulting in -0.24% 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 Redstone Bank has shown is average.
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. Redstone Bank has $73.54 million in assets with $10.13 million in equity, resulting in a capitalization level of 13.78%, which is excellent.
|FDIC Certificate #||58826|
|Assets and Liabilities|
|Equity Capital||$9.38 million|
|Loan Loss Allowance||$756,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$8.41 million|
|Loan Loss Allowance||$729,000|
|Real Estate Owned||$192,000|
|Profit Margin - Quarterly|
|Net Interest Margin||5.24%|
|Return on Assets||1.43%|
|Return on Equity||11.26%|
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|Redstone Bank Locations|
|Redstone Bank||15765 East Arapahoe Road||Centennial, CO 80016|