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Overview / Commentary
200 Clayton Street
Brush, CO 80723

The Farmers State Bank of Brush is headquartered in Brush and is the 64th largest bank in the state of Colorado. It is also the 4,514st largest bank in the nation. It was established in 1915 and as of December of 2013, it had grown to 27 employees at 3 locations. The Farmers State Bank of Brush has a A+ health rating.

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Health

Data for Q4 2013

Institution Health

A+

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 Farmers State Bank of Brush had $397,000 in non-current loans and owned real-estate with $16.6 million in equity and loan loss allowances on hand to cover it. This gives The Farmers State Bank of Brush a Texas Ratio of 2.39% 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 Farmers State Bank of Brush decreased dramatically from 6.47% as of December 31, 2012 to 2.39% as of December 31, 2013, resulting in a positive change of 63.04%.This indicates that the balance sheet and financial strength for The Farmers State Bank of Brush has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, The Farmers State Bank of Brush has increased its total deposits by $7.84 million, resulting in 9.17% 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 Farmers State Bank of Brush has shown is excellent.

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 Farmers State Bank of Brush has $109.86 million in assets with $16.6 million in equity, resulting in a capitalization level of 15.11%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #10407
Year Established1915
Employees27
Primary RegulatorFDIC
Assets and Liabilities
Assets$109.86 million
Loans$62.95 million
Deposits$93.36 million
Equity Capital$15.85 million
Loan Loss Allowance$759,000
Real Estate Owned$397,000
Historic Data - December 2012
Assets$102.58 million
Equity Capital$16.26 million
Loan Loss Allowance$732,000
Unbacked Noncurrent Loans$0
Real Estate Owned$397,000
Profit Margin - Quarterly
Net Interest Margin3.8%
Return on Assets1.16%
Return on Equity7.83%
Interest Income$4.17 million
Rates

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Locations


The Farmers State Bank of Brush Locations
Akron Branch101 Main AvenueAkron, CO 80720
The Farmers State Bank Of Brush200 Clayton StreetBrush, CO 80723
Drive-In Facility205 Carson StreetBrush, CO 80723