5 star ratingAverage User Rating:
5 star rating based on 9 reviews.

Verus Bank Of Commerce

Verus Bank Of Commerce Locations
3700 S. College Avenue, Unit 102
Fort Collins, CO 80525
www.fortcollinscommercebank.com



Verus Bank Of Commerce is headquartered in Fort Collins and is the 27th largest bank in the state of Colorado. It is also the 2,583rd largest bank in the nation. It was established in 2005 and as of March of 2012, it had grown to 18 employees at 2 locations. Verus Bank Of Commerce has a 5-star health rating.

Verus Bank Of Commerce Routing Number: 107007074


Data for Q1 2012


Institution Statistics


Verus Bank of Commerce
FDIC Certificate #58025
BankRate ReportView
Year Established2005
Employees18
Primary RegulatorFED

Assets and Liabilities

Assets$248.77 million
Loans$222.63 million
Deposits$208.52 million
Equity Capital$35.13 million
Loan Loss Allowance$4.46 million
Unbacked Noncurrent Loans$2.59 million
Real Estate Owned$1.65 million

Historic Data - March 2011

Assets$235.51 million
Equity Capital$26.23 million
Loan Loss Allowance$3.65 million
Unbacked Noncurrent Loans$2.03 million
Real Estate Owned$2.67 million

Profit Margin - Quarterly

Net Interest Margin4.92%
Return on Assets1.8%
Return on Equity12.33%
Interest Income$3.53 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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 March 31, 2012 Verus Bank Of Commerce had $4.23 million in non-current loans and owned real-estate with $39.59 million in equity and loan loss allowances on hand to cover it. This gives Verus Bank Of Commerce a Texas Ratio of 10.69% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Verus Bank Of Commerce decreased slightly from 15.74% as of March 31, 2011 to 10.69% as of March 31, 2012, resulting in a positive change of 32.06%.This indicates that the balance sheet and financial strength for Verus Bank Of Commerce has improved slightly in recent periods.
Deposit Growth4
In the past year, Verus Bank Of Commerce has increased its total deposits by $7.9 million, resulting in 3.94% 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 above average.
Capitalization5
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 $248.77 million in assets with $39.59 million in equity, resulting in a capitalization level of 15.91%, which is excellent.
Write Review

Great Regional Bank
5 stars - peterk - Monday, August 8, 2011 - 10:35 PM

Entrepreneurial enviroment with great customer service.

2

A Bank With Real People
5 stars - Published - Wednesday, September 21, 2011 - 12:20 PM

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!

1

Verus Is Great
5 stars - LoriBurge - Tuesday, September 13, 2011 - 10:03 AM

"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."

1

I Recommend Verus Bank Of Commerce
5 stars - jells - Monday, August 1, 2011 - 11:34 AM

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.

1

Reconmendation
5 stars - aeide44 - Monday, July 25, 2011 - 9:39 PM

I've been a Verus Bank customer FKA as Fort Collins Bank of Commerce for over three years now - not only as a deposit customer but as a loan customer as well.  Their enitre staff is experienced, knowldgeable, and trust worthly.  I know should be a given trait for bankers however we continue to see bank failures in our country.  The live by their values: do right by their client, community, and shareholders.  If you've lost your banking relationship and in search of a new one you're search can stop here.

1

Exceptional Customer Service And Smart Lending To Local Businesses
5 stars - chelsearclark04 - Monday, July 25, 2011 - 5:26 PM

I’ve banked with Verus Bank of Commerce for the past five years since it was founded and formerly known as Fort Collins Commerce Bank.  No other bank in the Northern Colorado Region offers the level of excellent, personal, and friendly service than Verus.  The staff is always willing to assist in any/all sorts of matters.   And, Verus has been especially resourceful when handling transactions from a distance.  Although I’ve moved from Ft Collins to San Diego, CA, and Aspen, CO, I continue to bank with Verus because they take every opportunity to help make banking, my finances, and my life easier.  Plus, I feel that my finances are secure in a bank that’s continued to by rated in good standing by the FDIC ( see for yourself at www.bankrate.com).  In these unprecedented economic times, it’s a comfort to know that Verus is handling their depositor’s money responsibly while making smart loans to local businesses and continuing to maintain a healthy level of capital.    

1

Highly Recommend
5 stars - altitude - Monday, July 25, 2011 - 9:43 AM

Have been with Verus Bank of Commerce for 4 years now.  Started with a business account and now have all personal accounts there.  The customer service is superb and exceeds anything I've experienced with big/national banks.  Supporting a 100% locally owned bank also makes me feel better about supporting the local economy.

1

Bank Review
5 stars - prettypretty - Friday, July 22, 2011 - 11:08 AM

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1

Bank Review
5 stars - danikorkegi - Friday, July 22, 2011 - 11:00 AM

Excellent service!

1