Wray State Bank

Wray State Bank is headquartered in Wray and is the 81^st largest bank in the state of Colorado. It is also the 5,100^th largest bank in the nation. It was established in 1977 and as of March of 2012, it had grown to 22 employees at 2 locations. Wray State Bank has a 5-star health rating.

Wray State Bank Routing Number: 102102932

Data for Q1 2012

Institution Statistics Wray State Bank FDIC Certificate # 22447 BankRate Report View Year Established 1977 Employees 22 Primary Regulator FDIC Assets and Liabilities Assets $94.39 million Loans $49.91 million Deposits $81.08 million Equity Capital $10.38 million Loan Loss Allowance $1.17 million Unbacked Noncurrent Loans $481,000 Historic Data - March 2011 Assets $78.48 million Equity Capital $8.95 million Loan Loss Allowance $1.10 million Unbacked Noncurrent Loans $897,000 Real Estate Owned $154,000 Profit Margin - Quarterly Net Interest Margin 3.38% Return on Assets 0.14% Return on Equity 1.31% Interest Income $899,000

Institution Health Overall Score: 5 out of 5 Texas Ratio 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 Wray State Bank had $481,000 in non-current loans and owned real-estate with $11.55 million in equity and loan loss allowances on hand to cover it. This gives Wray State Bank a Texas Ratio of 4.16% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Wray State Bank decreased significantly from 10.46% as of March 31, 2011 to 4.16% as of March 31, 2012, resulting in a positive change of 60.17%.This indicates that the balance sheet and financial strength for Wray State Bank has improved significantly in recent periods. Deposit Growth In the past year, Wray State Bank has increased its total deposits by $14.84 million, resulting in 22.4% 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 Wray State Bank has shown is excellent. Capitalization 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. Wray State Bank has $94.39 million in assets with $11.55 million in equity, resulting in a capitalization level of 12.24%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.