First Colorado National Bank

Headquarters

133 Grand Avenue
Paonia, CO 81428
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

First Colorado National Bank is an FDIC insured institution located in Paonia, CO. It was founded in 1903 and has approximately $0.08 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 3047
Date Established 1903
Assets $ 77.67 million
Loans $ 6.46 million
Deposits $ 57.73 million
Capital $ 18.80 million
 

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

Deposit Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Colorado National 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

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Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to First Colorado National Bank
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Branches

First Colorado National 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


First Colorado National Bank Locations


Financial Details

First Colorado National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Colorado National 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
First Colorado National Bank U.S. Bank Average
0.43% 6.51%

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 December 31, 2019, First Colorado National Bank had $0 in non-current loans and $81,000 in owned real estate. To cover these potential losses it had $18,799,000 in equity and $71,000 in loans loss reserves. That gives it a Texas Ratio of 0.43%.

Return on Equity
First Colorado National Bank U.S. Bank Average
42.96% 9.41%

First Colorado National Bank has a Return on Equity of 42.96% versus the BestCashCow average of 9.41%. 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
First Colorado National Bank U.S. Bank Average
24.2% 12.82%

First Colorado National Bank has a Capitalization of 24.2% versus the BestCashCow average of 12.82. 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.

First Colorado National Bank Balance Sheet Analysis

As of December 31, 2019, First Colorado National Bank had assets of $77,674,000, loans of $6,457,000, and deposits of $57,732,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 1.01 million
Interest-bearing balances $ 0.36 million
Total securities N.A.
Federal funds sold and reverse repurchase $ 66.78 million
Net loans and leases $ 6.46 million
Loan loss allowance $ 0.07 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.08 million
Goodwill and other intangibles $ 1.11 million
All other assets $ 1.11 million
     Total Assets $ 58.88 million
LIABILITIES
Total deposits $ 57.73 million
      Interest-bearing deposits $ 40.66 million
      Deposits held in domestic offices $ 57.73 million
      % insured (estimated) 92.54%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.14 million
      Total Liabilities $ 58.88 million
      Shareholders’ Equity $ 18.80 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 3.34 million
Total Interest Expense $ 0.34 million
Net interest income $ 3.01 million
Provision for loan and lease losses $ 0.23 million
Total non interest income $ 2.39 million
Total non interest expense $ 5.51 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Colorado, First Colorado National Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 26.50
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.24
Small Business Loans 49.09
Construction and Development Loans 7.82
Commercial Real Estate 49.09
Commercial and Industrial Loans 10.16
Farm Loans 1.42

Frequently Asked Questions About First Colorado National Bank

Branches and Savings

Is First Colorado National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #3047.

Why does First Colorado National Bank pay such low interest on savings accounts?

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

Why are First Colorado National Bank CD rates not competitive?

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

Is First Colorado National Bank a commercial bank?

Yes

Where are First Colorado National Bank locations?

See branch locations nearby.

Is First Colorado National Bank open on Saturdays?

Is First Colorado National Bank open on Sundays?

What time does First Colorado National Bank open?

What time does First Colorado National Bank close?

Are First Colorado National Bank ATMs Open 24/7?

Do First Colorado National Bank ATMs accept cash deposits?

Can First Colorado National Bank customers use other ATMs?

Do First Colorado National Bank branches have notaries?

Will First Colorado National Bank notarize my document?

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

Will the First Colorado National Bank branch print checks?

Do First Colorado National Bank checks expire?

Does First Colorado National Bank require US citizenship to open account?

Can First Colorado National Bank close my account?

Does First Colorado National Bank Report to credit bureaus?

Does First Colorado National Bank Use Equifax?

What is First Colorado National Bank's ACH Routing Number?

What is First Colorado National Bank's SWIFT code?

Products

Does First Colorado National Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Colorado National Bank offer personal loans?

Compare personal loan rates here.

Does First Colorado National Bank offer student loans?

Will First Colorado National Bank cash a check?

Will First Colorado National Bank redeem a savings bond?

Does First Colorado National Bank cash savings bonds?

Will First Colorado National Bank cash money orders?

Can First Colorado National Bank issue a money order?

Does First Colorado National Bank do currency exchange?

Background on The Bank

Who owns First Colorado National Bank?

How long has First Colorado National Bank been around?

Can First Colorado National Bank transfer to other banks?

Does First Colorado National Bank have quick pay?

Does First Colorado National Bank accept rolled coins?

Will First Colorado National Bank accept loose change?

Where is First Colorado National Bank headquarters?

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