Steele Street Bank & Trust is headquartered in Denver and is the 15st largest bank in the state of Colorado. It is also the 1,371st largest bank in the nation. It was established in 2003 and as of September of 2013, it had grown to 61 employees at 4 locations. Steele Street Bank & Trust's money market rates are 64% higher than the national average, and it boasts a A+ health rating.
I have recently opened several business accounts as well as my personal account at SSBT. I have to say without hesitation these people know what customer service is. Unlike other banks where I can navigate a phone system or speak to someone that is not in this country, with SSBT, I have an account officer that I can easily call or email for action on my accounts.
The bank in small in terms of personal service but large in its offerings of banking products. I like how when I walk into the downtown branch, everyone knows me by name and my deposits don't warrant that. I recently received a line of credit from SSBT that was based more on personal relationship and the officer's knowledge of my business and how I handle my accounts. I guarantee you - any other bank would have been completely sterile in their credit review.
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 September 30, 2013 Steele Street Bank & Trust had $692,000 in non-current loans and owned real-estate with $54.6 million in equity and loan loss allowances on hand to cover it. This gives Steele Street Bank & Trust a Texas Ratio of 1.27% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Steele Street Bank & Trust decreased dramatically from 2.96% as of September 30, 2012 to 1.27% as of September 30, 2013, resulting in a positive change of 57.17%.This indicates that the balance sheet and financial strength for Steele Street Bank & Trust has improved dramatically in recent periods.
In the past year, Steele Street Bank & Trust has increased its total deposits by $53 million, resulting in 13.81% 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 Steele Street Bank & Trust 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. Steele Street Bank & Trust has $489.52 million in assets with $54.6 million in equity, resulting in a capitalization level of 11.15%, which is excellent.
|FDIC Certificate #||57575|
|Assets and Liabilities|
|Equity Capital||$50.49 million|
|Loan Loss Allowance||$4.12 million|
|Real Estate Owned||$692,000|
|Historic Data - September 2012|
|Equity Capital||$45.74 million|
|Loan Loss Allowance||$3.84 million|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$1.46 million|
|Profit Margin - Quarterly|
|Net Interest Margin||4.16%|
|Return on Assets||1.95%|
|Return on Equity||19.15%|
|Interest Income||$15.20 million|
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|0.50%||-||-||Health Savings Account|
|0.72%||$2m||$5m||Super Money Market Savings Account|
|0.40%||$250k||-||Money Market Savings Account|
|0.15%||$100||-||SeniSteele Checking Account|
|0.90%||$1k||-||36 Month CD|
|0.90%||$1k||-||48 Month CD|
|0.90%||$1k||-||60 Month CD|
|0.75%||$1k||-||24 Month CD|
|0.50%||$1k||-||18 Month CD|
|0.40%||$1k||-||12 Month CD|
|0.40%||$1k||-||12 Month Add-On CD|
|0.25%||$1k||-||6 Month CD|
|0.25%||$1k||-||6 Month Add-On CD|
|0.20%||$1k||-||4 Week CD|
|0.20%||$1k||-||3 Month CD|
|0.20%||$1k||-||4 Week Add-On CD|
|0.20%||$1k||-||3 Month Add-On CD|
|0.90%||$500||-||36 Month IRA|
|0.90%||$500||-||48 Month IRA|
|0.90%||$500||-||60 Month IRA|
|0.75%||$500||-||24 Month IRA|
|0.40%||$500||-||12 Month IRA|
|Steele Street Bank & Trust Locations|
|Uhills Banking Center||2805 South Colorado Boulevard||Denver, CO 80222|
|Cook Street Banking Center||44 Cook Street, Suite 300||Denver, CO 80206|
|Steele Street Bank & Trust||55 Adams Street||Denver, CO 80206|
|Downtown Banking Center||555 17th Street||Denver, CO 80202|