FirstBank of Summit County

Headquarters

160 U.S. Highway 6
Silverthorne, CO 80498
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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 Summit County is an FDIC insured institution located in Silverthorne, CO. It was founded in 1983 and has approximately $0.32 billion in assets.

FDIC Insured Yes
FDIC Certificate # 24746
Date Established 1983
Assets $ 315.37 million
Loans $ 245.78 million
Deposits $ 282.95 million
Capital $ 31.40 million
 

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

Deposit Rates - October 24, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for FirstBank of Summit County

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 2020

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Featured - Virginia Home Equity Line Of Credit Rates 2020

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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
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More Info

Note to FirstBank of Summit County
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Branches

FirstBank of Summit County 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


FirstBank of Summit County Locations


Financial Details

FirstBank of Summit County Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of FirstBank of Summit County. 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 Summit County U.S. Bank Average
16.95% 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 Summit County had $3,811,000 in non-current loans and $2,244,000 in owned real estate. To cover these potential losses it had $31,398,000 in equity and $4,335,000 in loans loss reserves. That gives it a Texas Ratio of 16.95%.

Return on Equity
FirstBank of Summit County U.S. Bank Average
18.38% 7.80%

FirstBank of Summit County has a Return on Equity of 18.38% 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 Summit County U.S. Bank Average
9.96% 12.68%

FirstBank of Summit County has a Capitalization of 9.96% 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 Summit County Balance Sheet Analysis

As of November 30, -0001, FirstBank of Summit County had assets of $315,373,000, loans of $245,779,000, and deposits of $282,945,000. 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 $ 245.78 million
Loan loss allowance $ 4.34 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.24 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 282.95 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 $ 315.37 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 Summit County’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, FirstBank of Summit County’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 Summit County

Branches and Savings

Is Firstbank Of Summit County FDIC insured?

Yes. It is covered under FDIC Certificate #24746.

Why does Firstbank Of Summit County 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 Summit County CD rates not competitive?

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

Is Firstbank Of Summit County a commercial bank?

Yes

Where are Firstbank Of Summit County locations?

See branch locations nearby.

Is Firstbank Of Summit County open on Saturdays?

Is Firstbank Of Summit County open on Sundays?

What time does Firstbank Of Summit County open?

What time does Firstbank Of Summit County close?

Are Firstbank Of Summit County ATMs Open 24/7?

Do Firstbank Of Summit County ATMs accept cash deposits?

Can Firstbank Of Summit County customers use other ATMs?

Do Firstbank Of Summit County branches have notaries?

Will Firstbank Of Summit County notarize my document?

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

Will the Firstbank Of Summit County branch print checks?

Do Firstbank Of Summit County checks expire?

Does Firstbank Of Summit County require US citizenship to open account?

Can Firstbank Of Summit County close my account?

Does Firstbank Of Summit County Report to credit bureaus?

Does Firstbank Of Summit County Use Equifax?

What is Firstbank Of Summit County's ACH Routing Number?

What is Firstbank Of Summit County's SWIFT code?

Products

Does Firstbank Of Summit County offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Firstbank Of Summit County offer personal loans?

Compare personal loan rates here.

Does Firstbank Of Summit County offer student loans?

Will Firstbank Of Summit County cash a check?

Will Firstbank Of Summit County redeem a savings bond?

Does Firstbank Of Summit County cash savings bonds?

Will Firstbank Of Summit County cash money orders?

Can Firstbank Of Summit County issue a money order?

Does Firstbank Of Summit County do currency exchange?

Background on The Bank

Who owns Firstbank Of Summit County?

How long has Firstbank Of Summit County been around?

Can Firstbank Of Summit County transfer to other banks?

Does Firstbank Of Summit County have quick pay?

Does Firstbank Of Summit County accept rolled coins?

Will Firstbank Of Summit County accept loose change?

Where is Firstbank Of Summit County headquarters?

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