FirstBank of Avon

Headquarters

0011 West Beaver Creek Boulevard
Avon, CO 81620
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

FirstBank of Avon is an FDIC insured institution located in Avon, CO. It was founded in 1981 and has approximately $0.35 billion in assets.

FDIC Insured Yes
FDIC Certificate # 23568
Date Established 1981
Assets $ 350.72 million
Loans $ 239.87 million
Deposits $ 270.21 million
Capital $ 27.26 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Washington, WA 98109


Loan Rates - September 18, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for FirstBank of Avon

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

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Payment
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NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.815% 2.750% 0.88 $2,120 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

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Bethpage Federal Credit Union
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3.500 %
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More Info

Note to FirstBank of Avon
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Branches

FirstBank of Avon 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


FirstBank of Avon Locations


Financial Details

FirstBank of Avon Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of FirstBank of Avon. 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
FirstBank of Avon U.S. Bank Average
11.91% 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, FirstBank of Avon had $3,188,000 in non-current loans and $773,000 in owned real estate. To cover these potential losses it had $27,261,000 in equity and $5,988,000 in loans loss reserves. That gives it a Texas Ratio of 11.91%.

Return on Equity
FirstBank of Avon U.S. Bank Average
16.09% 7.80%

FirstBank of Avon has a Return on Equity of 16.09% 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
FirstBank of Avon U.S. Bank Average
7.77% 12.68%

FirstBank of Avon has a Capitalization of 7.77% 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.

FirstBank of Avon Balance Sheet Analysis

As of November 30, -0001, FirstBank of Avon had assets of $350,716,000, loans of $239,868,000, and deposits of $270,212,000. 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 $ 239.87 million
Loan loss allowance $ 5.99 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.77 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 270.21 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 $ 350.72 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 FirstBank of Avon’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, FirstBank of Avon’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 Firstbank Of Avon

Branches and Savings

Is Firstbank Of Avon FDIC insured?

Yes. It is covered under FDIC Certificate #23568.

Why does Firstbank Of Avon pay such low interest on savings accounts?

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

Why are Firstbank Of Avon CD rates not competitive?

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

Is Firstbank Of Avon a commercial bank?

Yes

Where are Firstbank Of Avon locations?

See branch locations nearby.

Is Firstbank Of Avon open on Saturdays?

Is Firstbank Of Avon open on Sundays?

What time does Firstbank Of Avon open?

What time does Firstbank Of Avon close?

Are Firstbank Of Avon ATMs Open 24/7?

Do Firstbank Of Avon ATMs accept cash deposits?

Can Firstbank Of Avon customers use other ATMs?

Do Firstbank Of Avon branches have notaries?

Will Firstbank Of Avon notarize my document?

What address for Firstbank Of Avon should I put for incoming ACH transfers?

Will the Firstbank Of Avon branch print checks?

Do Firstbank Of Avon checks expire?

Does Firstbank Of Avon require US citizenship to open account?

Can Firstbank Of Avon close my account?

Does Firstbank Of Avon Report to credit bureaus?

Does Firstbank Of Avon Use Equifax?

What is Firstbank Of Avon's ACH Routing Number?

What is Firstbank Of Avon's SWIFT code?

Products

Does Firstbank Of Avon offer mortgages?

Compare mortgage rates here.

Does Firstbank Of Avon offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Firstbank Of Avon offer personal loans?

Compare personal loan rates here.

Does Firstbank Of Avon offer student loans?

Will Firstbank Of Avon cash a check?

Will Firstbank Of Avon redeem a savings bond?

Does Firstbank Of Avon cash savings bonds?

Will Firstbank Of Avon cash money orders?

Can Firstbank Of Avon issue a money order?

Does Firstbank Of Avon do currency exchange?

Background on The Bank

Who owns Firstbank Of Avon?

How long has Firstbank Of Avon been around?

Can Firstbank Of Avon transfer to other banks?

Does Firstbank Of Avon have quick pay?

Does Firstbank Of Avon accept rolled coins?

Will Firstbank Of Avon accept loose change?

Where is Firstbank Of Avon headquarters?

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