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The First National Bank of Durango

Overview / Commentary
970-247-3020
259 West Ninth Street
Durango, CO 81302

The First National Bank of Durango is headquartered in Durango and is the 16st largest bank in the state of Colorado. It is also the 1,457th largest bank in the nation. It was established in 1882 and as of December of 2013, it had grown to 103 employees at 6 locations. The First National Bank of Durango 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 First National Bank of Durango had $3.21 million in non-current loans and owned real-estate with $50.27 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Durango a Texas Ratio of 6.38% 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 First National Bank of Durango decreased dramatically from 16.57% as of December 31, 2012 to 6.38% as of December 31, 2013, resulting in a positive change of 61.48%.This indicates that the balance sheet and financial strength for The First National Bank of Durango has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, The First National Bank of Durango has increased its total deposits by $14.14 million, resulting in 3.63% 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 of Durango 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 First National Bank of Durango has $456.33 million in assets with $50.27 million in equity, resulting in a capitalization level of 11.02%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #3014
Year Established1882
Employees103
Primary RegulatorOCC
Assets and Liabilities
Assets$456.33 million
Loans$147.68 million
Deposits$403.35 million
Equity Capital$45.90 million
Loan Loss Allowance$4.36 million
Unbacked Noncurrent Loans$925,000
Real Estate Owned$2.28 million
Historic Data - December 2012
Assets$443.83 million
Equity Capital$48.02 million
Loan Loss Allowance$5.50 million
Unbacked Noncurrent Loans$925,000
Real Estate Owned$5.04 million
Profit Margin - Quarterly
Net Interest Margin3.16%
Return on Assets0.96%
Return on Equity9.22%
Interest Income$13.87 million
Rates

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Locations


The First National Bank of Durango Locations
Wal-Mart Branch1155 South Camino Del RioDurango, CO 81303
Bodo Office Branch125 Sawyer DriveDurango, CO 81303
The First National Bank Of Durango259 West Ninth StreetDurango, CO 81302
Albertsons Office Branch311 W. College DriveDurango, CO 81301
Bayfield Office Branch351 Bayfield Center DriveBayfield, CO 81122