The Eastern Colorado Bank is headquartered in Cheyenne Wells and is the 19st largest bank in the state of Colorado. It is also the 2,021st largest bank in the nation. It was established in 1944 and as of December of 2013, it had grown to 65 employees at 6 locations. The Eastern Colorado Bank has a B+ health rating.
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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 Eastern Colorado Bank had $1.61 million in non-current loans and owned real-estate with $33.1 million in equity and loan loss allowances on hand to cover it. This gives The Eastern Colorado Bank a Texas Ratio of 4.87% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for The Eastern Colorado Bank experienced no significant changes from 3.94% as of December 31, 2012 to 4.87% as of December 31, 2013, resulting in a negative change of 23.43%. This indicates that the balance sheet and financial strength for The Eastern Colorado Bank has had no significant changes in recent periods.
In the past year, The Eastern Colorado Bank has decreased its total deposits by -$15.99 million, resulting in -5.83% 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 Eastern Colorado Bank has shown is below average.
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 Eastern Colorado Bank has $321.1 million in assets with $33.1 million in equity, resulting in a capitalization level of 10.31%, which is above average.
|FDIC Certificate #||16125|
|Assets and Liabilities|
|Equity Capital||$30.56 million|
|Loan Loss Allowance||$2.54 million|
|Unbacked Noncurrent Loans||$349,000|
|Real Estate Owned||$1.26 million|
|Historic Data - December 2012|
|Equity Capital||$32.39 million|
|Loan Loss Allowance||$2.50 million|
|Real Estate Owned||$1.38 million|
|Profit Margin - Quarterly|
|Net Interest Margin||4.05%|
|Return on Assets||1.53%|
|Return on Equity||15.75%|
|Interest Income||$12.95 million|
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|The Eastern Colorado Bank Locations|
|The Eastern Colorado Bank||10 First Street South||Cheyenne Wells, CO 80810|
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