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The Citizens State Bank of Ouray

The Citizens State Bank of Ouray
Overview / Commentary
600 Main Street
Ouray, CO 81427

The Citizens State Bank of Ouray is headquartered in Ouray and is the 76th largest bank in the state of Colorado. It is also the 5,002nd largest bank in the nation. It was established in 1913 and as of December of 2013, it had grown to 27 employees at 4 locations. The Citizens State Bank of Ouray has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. The Citizens State Bank of Ouray has a relatively low asset base.

Texas Ratio

GRADE:
A+

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 December 31, 2013 The Citizens State Bank of Ouray had $558,000 in non-current loans and owned real-estate with $9.88 million in equity and loan loss allowances on hand to cover it. This gives The Citizens State Bank of Ouray a Texas Ratio of 5.65% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for The Citizens State Bank of Ouray experienced no significant changes from 4.68% as of December 31, 2012 to 5.65% as of December 31, 2013, resulting in a negative change of 20.67%. This indicates that the balance sheet and financial strength for The Citizens State Bank of Ouray has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, The Citizens State Bank of Ouray has decreased its total deposits by -$3.86 million, resulting in -4.64% 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 Citizens State Bank of Ouray has shown is below average.

Capitalization

GRADE:
A

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 Citizens State Bank of Ouray has $89.38 million in assets with $9.88 million in equity, resulting in a capitalization level of 11.06%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #1779
Year Established1913
Employees27
Primary RegulatorFDIC
Assets and Liabilities
Assets$89.38 million
Loans$25.26 million
Deposits$79.31 million
Equity Capital$9.46 million
Loan Loss Allowance$422,000
Unbacked Noncurrent Loans$119,000
Real Estate Owned$439,000
Historic Data - December 2012
Assets$94.13 million
Equity Capital$9.93 million
Loan Loss Allowance$501,000
Unbacked Noncurrent Loans$119,000
Real Estate Owned$339,000
Profit Margin - Quarterly
Net Interest Margin3.6%
Return on Assets1.25%
Return on Equity11.39%
Interest Income$3.32 million
Rates

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Locations


The Citizens State Bank of Ouray Locations
Silverton Branch1218 Greene StreetSilverton, CO 81433
The Citizens State Bank Of Ouray600 Main StreetOuray, CO 81427
Ridgway BranchState Highway 62Ridgway, CO 81432
Montrose BranchState Highway 97 and 145Naturita, CO 81422