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Overview / Commentary
719-846-9881
100 East Main Street
Trinidad, CO 81082

The First National Bank in Trinidad is headquartered in Trinidad and is the 44th largest bank in the state of Colorado. It is also the 3,219st largest bank in the nation. It was established in 1875 and as of March of 2014, it had grown to 61 employees at 5 locations. The First National Bank in Trinidad has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B

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 First National Bank in Trinidad had $4.27 million in non-current loans and owned real-estate with $24.9 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank in Trinidad a Texas Ratio of 17.16% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for The First National Bank in Trinidad decreased slightly from 19.88% as of March 31, 2013 to 17.16% as of March 31, 2014, resulting in a positive change of 13.67%.This indicates that the balance sheet and financial strength for The First National Bank in Trinidad has improved slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, The First National Bank in Trinidad has decreased its total deposits by $-522,000, resulting in -0.32% 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 First National Bank in Trinidad has shown is 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 First National Bank in Trinidad has $186.26 million in assets with $24.9 million in equity, resulting in a capitalization level of 13.37%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #14584
Year Established1875
Employees61
Primary RegulatorOCC
Assets and Liabilities
Assets$186.26 million
Loans$90.68 million
Deposits$162.86 million
Equity Capital$22.97 million
Loan Loss Allowance$1.93 million
Unbacked Noncurrent Loans$1.59 million
Real Estate Owned$2.68 million
Historic Data - March 2013
Assets$186.52 million
Equity Capital$22.71 million
Loan Loss Allowance$1.98 million
Unbacked Noncurrent Loans$1.59 million
Real Estate Owned$3.21 million
Profit Margin - Quarterly
Net Interest Margin3.31%
Return on Assets0.09%
Return on Equity0.77%
Interest Income$1.53 million
Rates

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The First National Bank in Trinidad Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Savings Account

The First National Bank in Trinidad Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$50k-Personal Money Market Deposit Account

The First National Bank in Trinidad Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$500-NOW Account
0.10%$500-Super NOW Account

The First National Bank in Trinidad CD Rates

DetailsAPYMINMAXPRODUCT
0.80%$1k-24 Month CD
0.80%$100k-24 Month Jumbo CD
0.75%$1k-18 Month CD
0.75%$100k-18 Month Jumbo CD
0.50%$1k-12 Month CD
0.50%$100k-12 Month Jumbo CD
0.40%$5k-6 Month CD
0.40%$100k-6 Month Jumbo CD
0.20%$5k-31 Day CD
0.20%$5k-3 Month CD
0.20%$100k-31 Day Jumbo CD
0.20%$100k-3 Month Jumbo CD

The First National Bank in Trinidad IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%$100-18 Month Fixed IRA
0.75%$100k-18 Month Fixed Jumbo IRA
0.40%$100-18 Month Variable IRA
0.40%$100k-18 Month Variable Jumbo IRA
Locations


The First National Bank in Trinidad Locations
The First National Bank In Trinidad100 East Main StreetTrinidad, CO 81082
Motor Bank Branch122 East First StreetTrinidad, CO 81082
Huerfano County Branch135 West Sixth StreetWalsenburg, CO 81089
Wal-Mart Branch2921 Toupal DriveTrinidad, CO 81082