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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 79th largest bank in the state of Colorado. It is also the 5,110st largest bank in the nation. It was established in 1913 and as of March of 2014, it had grown to 26 employees at 4 locations. The Citizens State Bank of Ouray has a B+ health rating.

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Health

Data for Q1 2014

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 capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 The Citizens State Bank of Ouray had $242,000 in non-current loans and owned real-estate with $9.9 million in equity and loan loss allowances on hand to cover it. This gives The Citizens State Bank of Ouray a Texas Ratio of 2.45% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for The Citizens State Bank of Ouray decreased dramatically from 5.09% as of March 31, 2013 to 2.45% as of March 31, 2014, resulting in a positive change of 51.95%.This indicates that the balance sheet and financial strength for The Citizens State Bank of Ouray has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, The Citizens State Bank of Ouray has decreased its total deposits by -$4.97 million, resulting in -6.29% 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 $84.16 million in assets with $9.9 million in equity, resulting in a capitalization level of 11.76%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #1779
Year Established1913
Employees26
Primary RegulatorFDIC
Assets and Liabilities
Assets$84.16 million
Loans$25.57 million
Deposits$74.01 million
Equity Capital$9.46 million
Loan Loss Allowance$440,000
Real Estate Owned$242,000
Historic Data - March 2013
Assets$90.05 million
Equity Capital$10.08 million
Loan Loss Allowance$547,000
Real Estate Owned$541,000
Profit Margin - Quarterly
Net Interest Margin3.51%
Return on Assets0.23%
Return on Equity2.07%
Interest Income$769,000
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