Colorado Federal Savings Bank
8400 E Prentice Ave
Greenwood Village, CO 80111
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2023 Overview
General Bank Information
Colorado Federal Savings Bank is an FDIC insured institution located in Greenwood Village, CO. It was founded in 1990 and has approximately $2.14 billion in assets.
| FDIC Insured | Yes |
| FDIC Certificate | # 33111 |
| Date Established | 1990 |
| Assets | $ 2.14 billion |
| Loans | $ 1,539.92 million |
| Deposits | $ 1,225.38 million |
| Capital | $ 259.25 million |
For a more detailed analysis of Colorado Federal Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - March 29, 2023
Your Current Location: Virginia, VA 20146
Online Only Savings Rates of Colorado Federal Savings Bank
| Online Savings Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| High Yield Savings
|
3.75% | $1 | - |
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|
Online Only CD Rates of Colorado Federal Savings Bank
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Month Online CD
|
4.40% | $5,000 | - |
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|
| 11 Month No Penalty CD
|
3.10% | $5,000 | - |
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|
| 1-Year CD
|
5.15% | $5,000 | - |
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|
| 18-Month CD
|
4.80% | $5,000 | - |
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|
| 24 Month Online CD
|
4.35% | $5,000 | - |
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|
| 36-Month CD
|
3.95% | $5,000 | - |
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|
| 5-year CD
|
3.95% | $5,000 | - |
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|
Bank Online Offers
Colorado Federal Savings Bank Raises CD Rates
Colorado Federal Savings Bank has raised its CD rates so that it is now offering extremely competitive rates on 1-year CDs, 3-year CDs and 5-Year CDs. Those who follow the space will note that Colorado Federal Savings had been competitive previously. Their early withdrawal penalties are attractive (3 months' interest on a 1-year CD and 6 months' on terms longer than 1 year) and well displayed on their site.
Colorado Federal Savings Bank Lowers CD Rates
Colorado Federal Savings Bank raised their CD rates to some of the highest available online rates last month, but has now lowered them. They are still competitive, but not as attractive as they were recently. Their 1-year CD now yields 2.80% APY and has a 3-month early withdrawal penalty.
Colorado Federal Savings Bank Adds 2.35% No Penalty CD
Colorado Federal Savings Bank has begun offering an 11-Month No Penalty CD at 2.35%. BestCashCow has recommended that investors look at No Penalty CDs as an effective way to lock in current interests rates for the remainder of 2019 and much of 2020 without losing liquidity. Ally, Marcus and Purepoint have attractive offerings in this space, and Colorado is now a 4th interesting offer. The rate, however, is lower than Purepoint's and the term is 2 months shorter than Marcus's.
Loan Rates - March 29, 2023
Your Current Location: Virginia, VA 20146
There are currently no loan rates available for Colorado Federal Savings 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 2023
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 2890 License#: MC-3098 |
5.977% |
5.875% 0.75 points $2,778 fees |
$1,479 | Learn More |
NMLS ID: 3030 |
7.010% |
6.875% 0.88 points $3,438 fees |
$1,643 | Learn More |
NMLS ID: 1907 |
6.415% |
6.250% 0.75 points $4,375 fees |
$1,540 | Learn More |
NMLS ID: 3030 |
6.770% |
6.625% 1.00 points $3,750 fees |
$1,601 | Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2023
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Bethpage Federal Credit Union See Table |
Intro APR
7.490 %
After Intro: 8.500 % Intro Period: 12 months |
$25,000 |
Learn More
More Info |
Third Federal Savings and Loan See Table |
6.990 %
|
$0 |
Learn More
More Info |
Note to Colorado Federal Savings Bank
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Branches
Colorado Federal Savings 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
Climate Initiatives
Colorado Federal Savings Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
Financial Details
Colorado Federal Savings Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Colorado Federal Savings 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
| Colorado Federal Savings Bank | U.S. Bank Average |
|---|---|
| 0.29% | 8.03% |
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 September 30, 2022, Colorado Federal Savings Bank had $798,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $259,254,000 in equity and $13,438,000 in loans loss reserves. That gives it a Texas Ratio of 0.29%.
Return on Equity
| Colorado Federal Savings Bank | U.S. Bank Average |
|---|---|
| 25.08% | 10.00% |
Colorado Federal Savings Bank has a Return on Equity of 25.08% versus the BestCashCow average of 10.00%. 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 Federal Savings Bank | U.S. Bank Average |
|---|---|
| 12.09% | 9.96% |
Colorado Federal Savings Bank has a Capitalization of 12.09% versus the BestCashCow average of 9.96. 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 Federal Savings Bank Balance Sheet Analysis
As of September 30, 2022, Colorado Federal Savings Bank had assets of $2,143,671,000, loans of $1,539,921,000, and deposits of $1,225,384,000. 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
September 30, 2022| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 158.86 million |
| Interest-bearing balances | $ 145.27 million |
| Total securities | $ 278.61 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 1,539.92 million |
| Loan loss allowance | $ 13.44 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 43.66 million |
| All other assets | $ 82.97 million |
| Total Assets | $ 1,849.44 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,225.38 million |
| Interest-bearing deposits | $ 593.94 million |
| Deposits held in domestic offices | $ 1,225.38 million |
| % insured (estimated) | 87.06% |
| Federal funds purchased and repurchase agreements | $ 41.65 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 650.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 12.60 million |
| Total Liabilities | $ 1,849.44 million |
| Shareholders’ Equity | $ 294.23 million |
Summary Income Statement
September 30, 2022| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 43.62 million |
| Total Interest Expense | $ 8.62 million |
| Net interest income | $ 35.00 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 28.91 million |
| Total non interest expense | $ 12.44 million |
| Pre-tax Net Operating Income | $ 42.28 million |
Bank Loan Profile?
The top three loan types in Colorado Federal Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Construction and Development Loans.
Compared to other banks in Colorado, Colorado Federal Savings Bank has a significantly higher percent of 1-4 Family Residential Loans, 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 | 82.39 | ✓ | ||
| Multifamily Mortgages |
7.44 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 0.00 | ✓ | ||
| Construction and Development Loans | 6.85 | ✓ | ||
| Commercial Real Estate | 2.31 | ✓ | ||
| Commercial and Industrial Loans | 0.86 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for Colorado Federal Savings Bank
DaveJ
June 21, 2021 |
Bad experiences with this bank and maturing CD's. I wanted the funds returned to my external bank and not rolled over into another CD. After several phone calls, and messages sent through their secure message center giving them instructions, they still rolled over the CD's! And at a terrible rate! It took 5 days to finally get my funds returned, costing me a week of investment income! I requested they wire the funds to my external bank to cover their mistake and they refused, saying a (three day) ACH was the best they would do. Why was I paying for their mistake? Or, is the shell-game one in which they look for the retiree to forget about a CD, allowing them to roll over at terrible rates? As a retiree, I live on these investments, and the loss of a weeks income is meaningful.
Is this review helpful? Yes:10 / No: 0
louie woodworth
July 1, 2019
wherever this comptroller thing is in your state kick them out on the street after you take the comptroller thing and take them somewhere on the east coast where there are sharks in north Carolina water and the sharks will eat them if they don't stop ok and you will say see those sharks you will go in if you don't stop and trump said to do that to everybody
Is this review helpful? Yes:0 / No: 8
cynthia spencer
June 4, 2016
Can I open a cd on line? Thank you
Is this review helpful? Yes:6 / No: 1
Juana Torres
December 7, 2015
How do I invest with your bank? I am interested in 18 mo. cd
Is this review helpful? Yes:6 / No: 0
Warren N. Billings
May 26, 2015
You advertised a l year CD rate of 1.35 but I can not find any information to invest. Warren N. Billings
Is this review helpful? Yes:5 / No: 2
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