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Overview / Commentary
201 N Logan Ave
Fleming, CO 80728

The First National Bank of Fleming is headquartered in Fleming and is the 96th largest bank in the state of Colorado. It is also the 6,633rd largest bank in the nation. It was established in 1917 and as of December of 2013, it had grown to 7 employees at 1 location. The First National Bank of Fleming has a C+ health rating.

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Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. The First National Bank of Fleming has a low asset base.

Texas Ratio

GRADE:
C+

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 Fleming had $595,000 in non-current loans and owned real-estate with $2.55 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Fleming a Texas Ratio of 23.34% which is 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 of Fleming decreased slightly from 28.14% as of December 31, 2012 to 23.34% as of December 31, 2013, resulting in a positive change of 17.05%.This indicates that the balance sheet and financial strength for The First National Bank of Fleming has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, The First National Bank of Fleming has increased its total deposits by $408,000, resulting in 1.96% 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 Fleming has shown is above average.

Capitalization

GRADE:
B+

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 Fleming has $23.81 million in assets with $2.55 million in equity, resulting in a capitalization level of 10.70%, which is above average.

Institution Statistics

Overall
FDIC Certificate #3018
Year Established1917
Employees7
Primary RegulatorOCC
Assets and Liabilities
Assets$23.81 million
Loans$17.86 million
Deposits$21.27 million
Equity Capital$2.25 million
Loan Loss Allowance$303,000
Unbacked Noncurrent Loans$524,000
Real Estate Owned$71,000
Historic Data - December 2012
Assets$23.25 million
Equity Capital$2.12 million
Loan Loss Allowance$293,000
Unbacked Noncurrent Loans$524,000
Real Estate Owned$6,000
Profit Margin - Quarterly
Net Interest Margin4.65%
Return on Assets0.9%
Return on Equity9.35%
Interest Income$1.08 million
Rates

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Locations


The First National Bank of Fleming Locations
The First National Bank Of Fleming201 N Logan AveFleming, CO 80728