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Overview / Commentary
970-204-1010
3700 S. College Avenue, Unit 102
Fort Collins, CO 80525

Verus Bank Of Commerce is headquartered in Fort Collins and is the 27th largest bank in the state of Colorado. It is also the 2,404th largest bank in the nation. It was established in 2005 and as of December of 2013, it had grown to 17 employees at 2 locations. Verus Bank Of Commerce has a B+ health rating.

Great Regional Bank

Entrepreneurial enviroment with great customer service.

A Bank With Real People

In a world where banking typically means call 1-800-"find someone who cares", Verus is a breath of fresh air. They do real business with real people and treat you like real people. If you want to do business with a bank where the person on the other end of the line flips through a manual to decide what to tell you, this isn't your bank. If you want to sit and talk to people with a real understanding and the flexibilty to consider your real world circumstance-give these guys a try! I've been a customer for four+ years and I recomend them heartily!

Verus Is Great

"Verus has been a partner in growing our company to the next level. They have been able to provide the capital to help us expand while offering the support and personalized service that comes with a local bank."

I Recommend Verus Bank Of Commerce

Verus has been very down to earth and nimble in accommodating the needs of my business clients.  I strongly recommend them as a very competent community banking solution in northern Colorado.

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Health

Data for Q4 2013

Institution Health

B+

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 Verus Bank Of Commerce had $3.43 million in non-current loans and owned real-estate with $41.34 million in equity and loan loss allowances on hand to cover it. This gives Verus Bank Of Commerce a Texas Ratio of 8.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Verus Bank Of Commerce decreased slightly from 11.04% as of December 31, 2012 to 8.29% as of December 31, 2013, resulting in a positive change of 24.87%.This indicates that the balance sheet and financial strength for Verus Bank Of Commerce has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Verus Bank Of Commerce has decreased its total deposits by -$9.38 million, resulting in -4.14% 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 Verus Bank Of Commerce has shown is below 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. Verus Bank Of Commerce has $266.02 million in assets with $41.34 million in equity, resulting in a capitalization level of 15.54%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58025
Year Established2005
Employees17
Primary RegulatorFED
Assets and Liabilities
Assets$266.02 million
Loans$239.07 million
Deposits$217.34 million
Equity Capital$37.41 million
Loan Loss Allowance$3.93 million
Unbacked Noncurrent Loans$704,000
Real Estate Owned$2.72 million
Historic Data - December 2012
Assets$267.10 million
Equity Capital$35.42 million
Loan Loss Allowance$4.09 million
Unbacked Noncurrent Loans$704,000
Real Estate Owned$2.69 million
Profit Margin - Quarterly
Net Interest Margin4.77%
Return on Assets2.11%
Return on Equity14.87%
Interest Income$13.89 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Verus Bank Of Commerce, we are a rate comparison website and can not provide official rates or promotions.

Verus Bank Of Commerce Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$3k-Health Savings Account
0.10%--Big Thompson Savings
0.10%--Larkbunting Minor Savings
0.10%--Blue Spruce Business Savings

Verus Bank Of Commerce Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$25k-Foothills Money Market
0.10%--Pikes Peak Business Money Market

Verus Bank Of Commerce Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Rockies Bus Int Checking
0.05%--Mile High Interest Chkg

Verus Bank Of Commerce CD Rates

DetailsAPYMINMAXPRODUCT
1.26%$1k$100k60 Month CD
1.00%$1k$100k48 - 59 Month CD
0.70%$1k-36 - 47 Month CD
0.60%$1k$100k24 - 35 Month CD
0.30%$1k$100k12 - 23 Month CD
0.20%$1k$100k180 - 364 Day CD
0.15%$1k$100k90 - 179 Day CD

Verus Bank Of Commerce IRA Rates

DetailsAPYMINMAXPRODUCT
1.26%$1k$100k60 Month IRA
1.00%$1k$100k48 - 59 Month IRA
0.70%$1k-36 - 47 Month IRA
0.65%$1k$100k24 - 35 Month IRA
0.50%$1k$100k18 - 23 Month IRA
0.30%$1k$100k12 - 17 Month IRA
Locations


Verus Bank Of Commerce Locations
Loveland Bank Of Commerce Branch102 East 29th StreetLoveland, CO 80538
Verus Bank Of Commerce3700 S. College Avenue, Unit 102Fort Collins, CO 80525