Colorado Federal Savings Bank
8400 East Prentice Avenue, Suite 840
Greenwood Village, CO 80111
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2020 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 $2.08 billion in assets.
| FDIC Insured | Yes |
| FDIC Certificate | # 33111 |
| Date Established | 1990 |
| Assets | $ 2.08 billion |
| Loans | $ 930.85 million |
| Deposits | $ 1,687.28 million |
| Capital | $ 227.89 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 - October 27, 2020
Your Current Location: Washington, WA 98101
Online Only CD Rates of Colorado Federal Savings Bank
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 11 Month No Penalty CD
|
0.50% | $5,000 | - |
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|
| 1-Year CD
|
0.80% | $5,000 | - |
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|
| 18-Month CD
|
0.50% | $5,000 | - |
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|
| 24 Mo CD 5K
|
0.80% | $5,000 | - |
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|
| 36-Month CD
|
0.80% | $5,000 | - |
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|
| 5-year CD
|
0.90% | $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 - October 27, 2020
Your Current Location: Washington, WA 98101
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 - Washington 30 Year Fixed Mortgage Rates 2020
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
3.746% | 3.625% | 1.00 | $3,750 | $1,141 | Learn More |
NMLS ID: 1505422 License#: NMLS #1505422 |
2.728% | 2.625% | 0.88 | $3,385 | $1,005 | Learn More |
NMLS ID: 2890 License#: 520-CL-25944 |
2.674% | 2.625% | 0.63 | $1,595 | $1,005 | Learn More |
|
NMLS ID: 3030 |
3.746% | 3.625% | 1.00 | $3,750 | $1,141 | Learn More |
Featured - Washington Home Equity Line Of Credit Rates 2020
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|
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:
Seattle,Washington
Colorado Federal Savings Bank Locations
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 |
|---|---|
| 0.22% | 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 Federal Savings Bank had $480,000 in non-current loans and $47,000 in owned real estate. To cover these potential losses it had $227,889,000 in equity and $14,355,000 in loans loss reserves. That gives it a Texas Ratio of 0.22%.
Return on Equity
| Colorado Federal Savings Bank | U.S. Bank Average |
|---|---|
| -1.06% | 7.80% |
Colorado Federal Savings Bank has a Return on Equity of -1.06% 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 Federal Savings Bank | U.S. Bank Average |
|---|---|
| 10.98% | 12.68% |
Colorado Federal Savings Bank has a Capitalization of 10.98% 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 Federal Savings Bank Balance Sheet Analysis
As of March 31, 2020, Colorado Federal Savings Bank had assets of $2,075,372,000, loans of $930,846,000, and deposits of $1,687,281,000. 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 | $ 603.07 million |
| Interest-bearing balances | $ 586.72 million |
| Total securities | $ 449.92 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 930.85 million |
| Loan loss allowance | $ 14.36 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.05 million |
| Goodwill and other intangibles | $ 24.03 million |
| All other assets | $ 66.51 million |
| Total Assets | $ 1,847.48 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,687.28 million |
| Interest-bearing deposits | $ 1,061.19 million |
| Deposits held in domestic offices | $ 1,687.28 million |
| % insured (estimated) | 89.30% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 140.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 20.20 million |
| Total Liabilities | $ 1,847.48 million |
| Shareholders’ Equity | $ 227.89 million |
Summary Income Statement
March 31, 2020| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 15.35 million |
| Total Interest Expense | $ 4.71 million |
| Net interest income | $ 10.64 million |
| Provision for loan and lease losses | $ 1.00 million |
| Total non interest income | N.A. |
| Total non interest expense | $ 3.57 million |
| Pre-tax Net Operating Income | N.A. |
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 Multifamily Mortgages, Construction and Development 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 | 30.54 | ✓ | ||
| Multifamily Mortgages |
29.90 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 0.00 | ✓ | ||
| Construction and Development Loans | 22.10 | ✓ | ||
| Commercial Real Estate | 5.86 | ✓ | ||
| Commercial and Industrial Loans | 1.55 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Frequently Asked Questions About Colorado Federal Savings Bank
Branches and Savings
Is Colorado Federal Savings Bank FDIC insured?
Yes. It is covered under FDIC Certificate #33111.
Why does Colorado Federal Savings Bank pay such low interest on savings accounts?
See the best online savings rates here. See the best local savings rates here.
Why are Colorado Federal Savings Bank CD rates not competitive?
See the best online CD rates here. See the best local CD rates here.
Is Colorado Federal Savings Bank a commercial bank?
Yes
Is Colorado Federal Savings Bank open on Saturdays?
Is Colorado Federal Savings Bank open on Sundays?
What time does Colorado Federal Savings Bank open?
What time does Colorado Federal Savings Bank close?
Are Colorado Federal Savings Bank ATMs Open 24/7?
Do Colorado Federal Savings Bank ATMs accept cash deposits?
Can Colorado Federal Savings Bank customers use other ATMs?
Do Colorado Federal Savings Bank branches have notaries?
Will Colorado Federal Savings Bank notarize my document?
What address for Colorado Federal Savings Bank should I put for incoming ACH transfers?
Will the Colorado Federal Savings Bank branch print checks?
Do Colorado Federal Savings Bank checks expire?
Does Colorado Federal Savings Bank require US citizenship to open account?
Can Colorado Federal Savings Bank close my account?
Does Colorado Federal Savings Bank Report to credit bureaus?
Does Colorado Federal Savings Bank Use Equifax?
What is Colorado Federal Savings Bank's ACH Routing Number?
What is Colorado Federal Savings Bank's SWIFT code?
Products
Does Colorado Federal Savings Bank offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
louie woodworth
July 01, 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: 1
cynthia spencer
June 04, 2016
Can I open a cd on line? Thank you
Is this review helpful? Yes:6 / No: 1
Juana Torres
December 07, 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: 1
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