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The Gunnison Bank and Trust Company

The Gunnison Bank and Trust Company
Overview / Commentary
232 West Tomichi Avenue
Gunnison, CO 81230

The Gunnison Bank and Trust Company is headquartered in Gunnison and is the 82nd largest bank in the state of Colorado. It is also the 5,303rd largest bank in the nation. It was established in 1910 and as of March of 2014, it had grown to 24 employees at 2 locations. The Gunnison Bank and Trust Company has a A health rating.

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Health

Data for Q1 2014

Institution Health

A
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 Gunnison Bank and Trust Company has a relatively low asset base.

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 Gunnison Bank and Trust Company had $117,000 in non-current loans and owned real-estate with $8.03 million in equity and loan loss allowances on hand to cover it. This gives The Gunnison Bank and Trust Company a Texas Ratio of 1.46% 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 Gunnison Bank and Trust Company decreased dramatically from 2.21% as of March 31, 2013 to 1.46% as of March 31, 2014, resulting in a positive change of 34.17%.This indicates that the balance sheet and financial strength for The Gunnison Bank and Trust Company has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, The Gunnison Bank and Trust Company has increased its total deposits by $4.53 million, resulting in 7.18% 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 Gunnison Bank and Trust Company has shown is excellent.

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 Gunnison Bank and Trust Company has $75.89 million in assets with $8.03 million in equity, resulting in a capitalization level of 10.58%, which is above average.

Institution Statistics

Overall
FDIC Certificate #11259
Year Established1910
Employees24
Primary RegulatorFED
Assets and Liabilities
Assets$75.89 million
Loans$48.98 million
Deposits$67.55 million
Equity Capital$7.17 million
Loan Loss Allowance$861,000
Real Estate Owned$117,000
Historic Data - March 2013
Assets$71.27 million
Equity Capital$7.00 million
Loan Loss Allowance$810,000
Unbacked Noncurrent Loans$0
Real Estate Owned$117,000
Profit Margin - Quarterly
Net Interest Margin4.58%
Return on Assets1.02%
Return on Equity10.92%
Interest Income$881,000
Rates

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Locations


The Gunnison Bank and Trust Company Locations
The Gunnison Bank and Trust Company232 West Tomichi AvenueGunnison, CO 81230
Crested Butte Branch6th and GothicCrested Butte, CO 81224