The Bank of Denver is headquartered in Denver and is the 38th largest bank in the state of Colorado. It is also the 2,878th largest bank in the nation. It was established in 1941 and as of March of 2014, it had grown to 49 employees at 4 locations. The Bank of Denver has a B+ health rating.
If I could put 0 stars I would. Our account has been hacked 4 times since 2009. Then we get fees for going into overdraft because of these fraudulent charges on our account and the bank tells us we are responsible because the card is in our possession!!!& I have never been with a bank that holds you responsible when someone steals your information. It is basically like saying you can't use your card anywhere because if they steal your info you are responsible. I would never recommend anyone get an account here. Plus they do not have 24 hour assistance so we had to wait a day to report fraudulent activity on our account. They don't have convenient locations and where we live you have to drive all the way across town to make deposits or withdrawal money.
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 The Bank of Denver had $2.87 million in non-current loans and owned real-estate with $20.23 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Denver a Texas Ratio of 14.18% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for The Bank of Denver experienced no significant changes from 12.68% as of March 31, 2013 to 14.18% as of March 31, 2014, resulting in a negative change of 11.91%. This indicates that the balance sheet and financial strength for The Bank of Denver has had no significant changes in recent periods.
In the past year, The Bank of Denver has increased its total deposits by $17.61 million, resulting in 9.84% 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 The Bank of Denver 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. The Bank of Denver has $216.14 million in assets with $20.23 million in equity, resulting in a capitalization level of 9.36%, which is average.
|FDIC Certificate #||17244|
|Assets and Liabilities|
|Equity Capital||$19.05 million|
|Loan Loss Allowance||$1.17 million|
|Unbacked Noncurrent Loans||$669,000|
|Real Estate Owned||$2.20 million|
|Historic Data - March 2013|
|Equity Capital||$19.01 million|
|Loan Loss Allowance||$1.34 million|
|Unbacked Noncurrent Loans||$669,000|
|Real Estate Owned||$2.54 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.2%|
|Return on Assets||0.35%|
|Return on Equity||3.95%|
|Interest Income||$1.67 million|
Always verify rates and promotions with the bank or credit union. We are not The Bank of Denver, we are a rate comparison website and can not provide official rates or promotions.
|0.20%||$100||-||CBT and GVA Union Accounts|
|0.30%||$50k||$250k||Personal Money Market|
|0.30%||$50k||$250k||Business Money Market|
|0.35%||$1k||-||1 Year CD|
|0.35%||$5k||-||1 Year Option CD|
|0.35%||$95k||-||1 Year Jumbo CD|
|0.30%||$95k||-||90 Day Jumbo CD|
|0.30%||$95k||-||6 Month Jumbo CD|
|0.75%||$50||-||1 1/2 Year Fixed IRA|
|0.75%||$50||-||1 1/2 Year Variable IRA|
|The Bank of Denver Locations|
|Leetsdale Branch||530 S Holly Street||Denver, CO 80246|
|Golden Triangle Branch||606 West Colfax Avenue||Denver, CO 80204|
|Uptown Branch||800 East 17th Avenue||Denver, CO 80218|
|The Bank Of Denver||810 East 17th Avenue||Denver, CO 80218|