FlatIrons Bank

Headquarters

1095 Canyon Blvd, Suite 100
Boulder, CO 80302
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.75% 1.15% →
2-Year CD 0.75% 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

FlatIrons Bank is an FDIC insured institution located in Boulder, CO. It was founded in 2001 and has approximately $0.19 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 57280
Date Established 2001
Assets $ 191.91 million
Loans $ 117.11 million
Deposits $ 171.00 million
Capital $ 20.08 million
 

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

Deposit Rates - July 5, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $1,000 - Learn More
Money Market
0.20% $1,000 $24,999 Learn More
Money Market
0.30% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.75% $1,000 - Learn More
12 Mo CD
0.75% $1,000 - Learn More
18 Mo CD
0.75% $1,000 - Learn More
24 Mo CD
0.75% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.75% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 - Learn MoreShow Less

Loan Rates - July 5, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for FlatIrons Bank

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to FlatIrons Bank
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Branches

FlatIrons 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:
Ashburn,Virginia


FlatIrons Bank Locations


Financial Details

FlatIrons Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of FlatIrons 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
FlatIrons Bank U.S. Bank Average
0% 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, FlatIrons Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $20,083,000 in equity and $1,426,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
FlatIrons Bank U.S. Bank Average
10.53% 9.41%

FlatIrons Bank has a Return on Equity of 10.53% 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
FlatIrons Bank U.S. Bank Average
10.46% 12.82%

FlatIrons Bank has a Capitalization of 10.46% 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.

FlatIrons Bank Balance Sheet Analysis

As of December 31, 2019, FlatIrons Bank had assets of $191,909,000, loans of $117,113,000, and deposits of $171,000,000. 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 $ 14.14 million
Interest-bearing balances $ 12.45 million
Total securities $ 56.77 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 117.11 million
Loan loss allowance $ 1.43 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.12 million
All other assets $ 3.02 million
     Total Assets $ 171.83 million
LIABILITIES
Total deposits $ 171.00 million
      Interest-bearing deposits $ 140.94 million
      Deposits held in domestic offices $ 171.00 million
      % insured (estimated) 65.86%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.83 million
      Total Liabilities $ 171.83 million
      Shareholders’ Equity $ 20.08 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 8.21 million
Total Interest Expense $ 1.85 million
Net interest income $ 6.36 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.83 million
Total non interest expense $ 5.27 million
Pre-tax Net Operating Income $ 1.91 million

Bank Loan Profile?

The top three loan types in FlatIrons Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Colorado, FlatIrons Bank has a significantly higher percent of 1-4 Family Residential 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 58.12
Multifamily
Mortgages
3.77
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 7.52
Construction and Development Loans 4.33
Commercial Real Estate 18.22
Commercial and Industrial Loans 16.48
Farm Loans 0.00

Frequently Asked Questions About Flatirons Bank

Branches and Savings

Is Flatirons Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57280.

Why does Flatirons Bank pay such low interest on savings accounts?

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

Why are Flatirons Bank CD rates not competitive?

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

Is Flatirons Bank a commercial bank?

Yes

Where are Flatirons Bank locations?

See branch locations nearby.

Is Flatirons Bank open on Saturdays?

Is Flatirons Bank open on Sundays?

What time does Flatirons Bank open?

What time does Flatirons Bank close?

Are Flatirons Bank ATMs Open 24/7?

Do Flatirons Bank ATMs accept cash deposits?

Can Flatirons Bank customers use other ATMs?

Do Flatirons Bank branches have notaries?

Will Flatirons Bank notarize my document?

What address for Flatirons Bank should I put for incoming ACH transfers?

Will the Flatirons Bank branch print checks?

Do Flatirons Bank checks expire?

Does Flatirons Bank require US citizenship to open account?

Can Flatirons Bank close my account?

Does Flatirons Bank Report to credit bureaus?

Does Flatirons Bank Use Equifax?

What is Flatirons Bank's ACH Routing Number?

What is Flatirons Bank's SWIFT code?

Products

Does Flatirons Bank offer mortgages?

Compare mortgage rates here.

Does Flatirons Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Flatirons Bank offer personal loans?

Compare personal loan rates here.

Does Flatirons Bank offer student loans?

Will Flatirons Bank cash a check?

Will Flatirons Bank redeem a savings bond?

Does Flatirons Bank cash savings bonds?

Will Flatirons Bank cash money orders?

Can Flatirons Bank issue a money order?

Does Flatirons Bank do currency exchange?

Background on The Bank

Who owns Flatirons Bank?

How long has Flatirons Bank been around?

Can Flatirons Bank transfer to other banks?

Does Flatirons Bank have quick pay?

Does Flatirons Bank accept rolled coins?

Will Flatirons Bank accept loose change?

Where is Flatirons Bank headquarters?

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