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Rocky Mountain Bank & Trust Florence

Rocky Mountain Bank & Trust Florence
Overview / Commentary
101 East Main Street
Florence, CO 81226

Rocky Mountain Bank & Trust Florence is headquartered in Florence and is the 81st largest bank in the state of Colorado. It is also the 5,297th largest bank in the nation. It was established in 1900 and as of March of 2014, it had grown to 24 employees at 2 locations. Rocky Mountain Bank & Trust Florence has a C- health rating.

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Health

Data for Q1 2014

Institution Health

C-
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Rocky Mountain Bank & Trust Florence has a relatively low asset base.

Texas Ratio

GRADE:
C-

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 Rocky Mountain Bank & Trust Florence had $3.05 million in non-current loans and owned real-estate with $6.02 million in equity and loan loss allowances on hand to cover it. This gives Rocky Mountain Bank & Trust Florence a Texas Ratio of 50.63% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Rocky Mountain Bank & Trust Florence increased slightly from 41.21% as of March 31, 2013 to 50.63% as of March 31, 2014, resulting in a negative change of 22.86%. This indicates that the balance sheet and financial strength for Rocky Mountain Bank & Trust Florence has declined slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, Rocky Mountain Bank & Trust Florence has decreased its total deposits by -$15.4 million, resulting in -17.91% 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 Rocky Mountain Bank & Trust Florence has shown is poor.

Capitalization

GRADE:
C-

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. Rocky Mountain Bank & Trust Florence has $76.16 million in assets with $6.02 million in equity, resulting in a capitalization level of 7.91%, which is below average.

Institution Statistics

Overall
FDIC Certificate #3019
Year Established1900
Employees24
Primary RegulatorFDIC
Assets and Liabilities
Assets$76.16 million
Loans$26.21 million
Deposits$70.63 million
Equity Capital$5.17 million
Loan Loss Allowance$855,000
Unbacked Noncurrent Loans$2.40 million
Real Estate Owned$648,000
Historic Data - March 2013
Assets$95.28 million
Equity Capital$8.92 million
Loan Loss Allowance$1.49 million
Unbacked Noncurrent Loans$2.40 million
Real Estate Owned$1.33 million
Profit Margin - Quarterly
Net Interest Margin3.72%
Return on Assets-2.23%
Return on Equity-34.35%
Interest Income$762,000
Rates

Sorry, we do not have rate data for Rocky Mountain Bank & Trust Florence

Locations


Rocky Mountain Bank & Trust Florence Locations
Rocky Mountain Bank & Trust Florence101 East Main StreetFlorence, CO 81226
Cheyenne Meadows Branch755 Cheyenne MeadowsColorado Springs, CO 80906