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The Farmers State Bank of Brush

The Farmers State Bank of Brush
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 4,479th largest bank in the nation. It was established in 1915 and as of March of 2014, 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 Q1 2014

Institution Health

A+

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 Farmers State Bank of Brush had $397,000 in non-current loans and owned real-estate with $16.98 million in equity and loan loss allowances on hand to cover it. This gives The Farmers State Bank of Brush a Texas Ratio of 2.34% 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 4.01% as of March 31, 2013 to 2.34% as of March 31, 2014, resulting in a positive change of 41.75%.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:
B+

In the past year, The Farmers State Bank of Brush has increased its total deposits by $1.35 million, resulting in 1.46% 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 above 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 Farmers State Bank of Brush has $110.53 million in assets with $16.98 million in equity, resulting in a capitalization level of 15.36%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #10407
Year Established1915
Employees27
Primary RegulatorFDIC
Assets and Liabilities
Assets$110.53 million
Loans$58.42 million
Deposits$93.58 million
Equity Capital$16.22 million
Loan Loss Allowance$764,000
Real Estate Owned$397,000
Historic Data - March 2013
Assets$109.23 million
Equity Capital$16.23 million
Loan Loss Allowance$763,000
Unbacked Noncurrent Loans$0
Real Estate Owned$397,000
Profit Margin - Quarterly
Net Interest Margin3.62%
Return on Assets0.99%
Return on Equity6.79%
Interest Income$1.00 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