Colorado East Bank & Trust

Headquarters

100 West Pearl Street
Lamar, CO 81052
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Colorado East Bank & Trust is an FDIC insured institution located in Lamar, CO. It was founded in 1905 and has approximately $0.75 billion in assets.

FDIC Insured Yes
FDIC Certificate # 3027
Date Established 1905
Assets $ 751.66 million
Loans $ 458.66 million
Deposits $ 659.97 million
Capital $ 88.67 million
 

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

Deposit Rates - December 4, 2020

Your Current Location: Virginia, VA 20146

 

Loan Rates - December 4, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Colorado East Bank & Trust

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
New American Funding
NMLS ID: 6606
2.617% 2.500% 0.88 $3,862 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Colorado East Bank & Trust
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Branches

Colorado East Bank & Trust 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


Colorado East Bank & Trust Locations


Financial Details

Colorado East Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Colorado East Bank & Trust. 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
Colorado East Bank & Trust U.S. Bank Average
5.92% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Colorado East Bank & Trust had $1,189,000 in non-current loans and $4,407,000 in owned real estate. To cover these potential losses it had $88,673,000 in equity and $5,845,000 in loans loss reserves. That gives it a Texas Ratio of 5.92%.

Return on Equity
Colorado East Bank & Trust U.S. Bank Average
5.13% 7.80%

Colorado East Bank & Trust has a Return on Equity of 5.13% versus the BestCashCow average of 7.80%. 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
Colorado East Bank & Trust U.S. Bank Average
11.8% 12.68%

Colorado East Bank & Trust has a Capitalization of 11.8% versus the BestCashCow average of 12.68. 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.

Colorado East Bank & Trust Balance Sheet Analysis

As of June 30, 2016, Colorado East Bank & Trust had assets of $751,657,000, loans of $458,664,000, and deposits of $659,972,000. 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.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 458.66 million
Loan loss allowance $ 5.85 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.41 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 659.97 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 751.66 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Colorado East Bank & Trust’s loan portfolio are Farm Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Colorado, Colorado East Bank & Trust has a significantly higher percent of Farm Loans 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 8.03
Multifamily
Mortgages
0.83
Credit Card Loans 0.00
Consumer Auto Loans 0.23
Small Business Loans 9.90
Construction and Development Loans 14.15
Commercial Real Estate 21.19
Commercial and Industrial Loans 10.66
Farm Loans 22.74

Frequently Asked Questions About Colorado East Bank & Trust

Branches and Savings

Is Colorado East Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #3027.

Why does Colorado East Bank & Trust pay such low interest on savings accounts?

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

Why are Colorado East Bank & Trust CD rates not competitive?

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

Is Colorado East Bank & Trust a commercial bank?

Yes

Where are Colorado East Bank & Trust locations?

See branch locations nearby.

Is Colorado East Bank & Trust open on Saturdays?

Is Colorado East Bank & Trust open on Sundays?

What time does Colorado East Bank & Trust open?

What time does Colorado East Bank & Trust close?

Are Colorado East Bank & Trust ATMs Open 24/7?

Do Colorado East Bank & Trust ATMs accept cash deposits?

Can Colorado East Bank & Trust customers use other ATMs?

Do Colorado East Bank & Trust branches have notaries?

Will Colorado East Bank & Trust notarize my document?

What address for Colorado East Bank & Trust should I put for incoming ACH transfers?

Will the Colorado East Bank & Trust branch print checks?

Do Colorado East Bank & Trust checks expire?

Does Colorado East Bank & Trust require US citizenship to open account?

Can Colorado East Bank & Trust close my account?

Does Colorado East Bank & Trust Report to credit bureaus?

Does Colorado East Bank & Trust Use Equifax?

What is Colorado East Bank & Trust's ACH Routing Number?

What is Colorado East Bank & Trust's SWIFT code?

Products

Does Colorado East Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Colorado East Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Colorado East Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Colorado East Bank & Trust offer student loans?

Will Colorado East Bank & Trust cash a check?

Will Colorado East Bank & Trust redeem a savings bond?

Does Colorado East Bank & Trust cash savings bonds?

Will Colorado East Bank & Trust cash money orders?

Can Colorado East Bank & Trust issue a money order?

Does Colorado East Bank & Trust do currency exchange?

Background on The Bank

Who owns Colorado East Bank & Trust?

How long has Colorado East Bank & Trust been around?

Can Colorado East Bank & Trust transfer to other banks?

Does Colorado East Bank & Trust have quick pay?

Does Colorado East Bank & Trust accept rolled coins?

Will Colorado East Bank & Trust accept loose change?

Where is Colorado East Bank & Trust headquarters?

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