Colombo Bank

1600 East Gude Drive
Rockville, MD 20850

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 31555
Date Established 1968
Assets $0.21 billion
Loans $0.16 billion
Deposits $0.15 billion
Capital $0.02 billion

Colombo Bank is an FDIC insured institution located in Rockville, MD. It was founded in 1968 and has approximately $0.21 billion in assets. Customers can open an account at one of its 5 branches.

For a more detailed analysis of Colombo Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Colombo Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Maryland, Colombo Bank has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 41.45
Multifamily
Mortgages
4.81
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 12.98
Construction and Development Loans 11.05
Commercial Real Estate 36.42
Commercial and Industrial Loans 6.63
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.35% $1,000 - Learn MoreShow Less
6 Mo CD 10K
0.50% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.90% $1,000 - Learn MoreShow Less
Special: 14 Mo FIRA
1.16% $1,000 - Learn MoreShow Less
Special: 33 Mo FIRA
1.45% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.05% $50 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.25% $2,000 $9,999 Learn MoreShow Less
MM 10K
0.30% $10,000 $24,999 Learn MoreShow Less
MM 25K
0.35% $25,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.20% $250 $4,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Colombo Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
3.990% 3.990% -0.25 ($625) $1,193 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More
Flagstar Bank 4.990% $268.11 Learn More

Note to Colombo Bank
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Branches

Colombo Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Colombo Bank Locations

Financial Details

Colombo Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Colombo Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Colombo Bank U.S. Bank Average
13% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Colombo Bank had $2,972,000 in non-current loans and $94,000 in owned real estate. To cover these potential losses it had $20,585,000 in equity and $2,991,000 in loans loss reserves. That gives it a Texas Ratio of 13%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Colombo Bank U.S. Bank Average
3.59% 8.58

Colombo Bank has a Return on Equity of 3.59% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Colombo Bank U.S. Bank Average
9.98% 12.11

Colombo Bank has a Capitalization of 9.98% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Colombo Bank Balance Sheet Analysis

As of June 30, 2017, Colombo Bank had assets of $206,255,000, loans of $158,146,000, and deposits of $150,289,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Colombo Bank

Branches and Savings

Is Colombo Bank FDIC insured?

Yes. It is covered under FDIC Certificate #31555.

Why does Colombo Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Colombo Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Colombo Bank a commercial bank?

Yes

Where are Colombo Bank locations?

See branch locations nearby.

Is Colombo Bank open on Saturdays?

Is Colombo Bank open on Sundays?

What time does Colombo Bank open?

What time does Colombo Bank close?

Are Colombo Bank ATMs Open 24/7?

Do Colombo Bank ATMs accept cash deposits?

Can Colombo Bank customers use other ATMs?

Do Colombo Bank branches have notaries?

Will Colombo Bank notarize my document?

What address for Colombo Bank should I put for incoming ACH transfers?

Will the Colombo Bank branch print checks?

Do Colombo Bank checks expire?

Does Colombo Bank require US citizenship to open account?

Can Colombo Bank close my account?

Does Colombo Bank Report to credit bureaus?

Does Colombo Bank Use Equifax?

What is Colombo Bank's ACH Routing Number?

What is Colombo Bank's SWIFT code?

Products

Does Colombo Bank offer mortgages?

Compare mortgage rates here.

Does Colombo Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Colombo Bank offer personal loans?

Compare personal loan rates here.

Does Colombo Bank offer student loans?

Will Colombo Bank cash a check?

Will Colombo Bank redeem a savings bond?

Does Colombo Bank cash savings bonds?

Will Colombo Bank cash money orders?

Can Colombo Bank issue a money order?

Does Colombo Bank do currency exchange?

Background on The Bank

Who owns Colombo Bank?

How long has Colombo Bank been around?

Can Colombo Bank transfer to other banks?

Does Colombo Bank have quick pay?

Does Colombo Bank accept rolled coins?

Will Colombo Bank accept loose change?

Where is Colombo Bank headquarters?

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