Colorado Mountain Bank

Headquarters

1000 Main Street
Westcliffe, CO 81252
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Colorado Mountain Bank is an FDIC insured institution located in Westcliffe, CO. It was founded in 1979 and has approximately $0.08 billion in assets.

FDIC Insured Yes
FDIC Certificate # 22776
Date Established 1979
Assets $ 83.96 million
Loans $ 66.96 million
Deposits $ 75.57 million
Capital $ 8.02 million
 

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

Deposit Rates - September 20, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 20, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Colorado Mountain Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Colorado Mountain Bank
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Branches

Colorado Mountain 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:
Fairfield,Connecticut


Colorado Mountain Bank Locations


Financial Details

Colorado Mountain Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Colorado Mountain 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 Mountain Bank U.S. Bank Average
31.44% 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 Mountain Bank had $3,095,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,017,000 in equity and $1,826,000 in loans loss reserves. That gives it a Texas Ratio of 31.44%.

Return on Equity
Colorado Mountain Bank U.S. Bank Average
3.5% 7.80%

Colorado Mountain Bank has a Return on Equity of 3.5% 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 Mountain Bank U.S. Bank Average
9.55% 12.68%

Colorado Mountain Bank has a Capitalization of 9.55% 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 Mountain Bank Balance Sheet Analysis

As of November 30, -0001, Colorado Mountain Bank had assets of $81,740,000, loans of $66,964,000, and deposits of $75,571,000. 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 $ 66.96 million
Loan loss allowance $ 1.83 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 75.57 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 $ 83.96 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 Mountain Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Colorado Mountain Bank’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Colorado Mountain Bank

Branches and Savings

Is Colorado Mountain Bank FDIC insured?

Yes. It is covered under FDIC Certificate #22776.

Why does Colorado Mountain 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 Mountain Bank CD rates not competitive?

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

Is Colorado Mountain Bank a commercial bank?

Yes

Where are Colorado Mountain Bank locations?

See branch locations nearby.

Is Colorado Mountain Bank open on Saturdays?

Is Colorado Mountain Bank open on Sundays?

What time does Colorado Mountain Bank open?

What time does Colorado Mountain Bank close?

Are Colorado Mountain Bank ATMs Open 24/7?

Do Colorado Mountain Bank ATMs accept cash deposits?

Can Colorado Mountain Bank customers use other ATMs?

Do Colorado Mountain Bank branches have notaries?

Will Colorado Mountain Bank notarize my document?

What address for Colorado Mountain Bank should I put for incoming ACH transfers?

Will the Colorado Mountain Bank branch print checks?

Do Colorado Mountain Bank checks expire?

Does Colorado Mountain Bank require US citizenship to open account?

Can Colorado Mountain Bank close my account?

Does Colorado Mountain Bank Report to credit bureaus?

Does Colorado Mountain Bank Use Equifax?

What is Colorado Mountain Bank's ACH Routing Number?

What is Colorado Mountain Bank's SWIFT code?

Products

Does Colorado Mountain Bank offer mortgages?

Compare mortgage rates here.

Does Colorado Mountain Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Colorado Mountain Bank offer personal loans?

Compare personal loan rates here.

Does Colorado Mountain Bank offer student loans?

Will Colorado Mountain Bank cash a check?

Will Colorado Mountain Bank redeem a savings bond?

Does Colorado Mountain Bank cash savings bonds?

Will Colorado Mountain Bank cash money orders?

Can Colorado Mountain Bank issue a money order?

Does Colorado Mountain Bank do currency exchange?

Background on The Bank

Who owns Colorado Mountain Bank?

How long has Colorado Mountain Bank been around?

Can Colorado Mountain Bank transfer to other banks?

Does Colorado Mountain Bank have quick pay?

Does Colorado Mountain Bank accept rolled coins?

Will Colorado Mountain Bank accept loose change?

Where is Colorado Mountain Bank headquarters?

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