Fortis Private Bank

Headquarters

1550 17th Street, Suite 203
Denver, CO 80202
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.85% →
1-Year CD 0.40% 0.80% →
2-Year CD 0.50% 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Fortis Private Bank is an FDIC insured institution located in Denver, CO. It was founded in 1997 and has approximately $1.05 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 34401
Date Established 1997
Assets $ 1,046.67 million
Loans $ 700.60 million
Deposits $ 915.50 million
Capital $ 90.99 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.45% $10,000 $14,999 Learn More
18 Mo CD
0.45% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $1 $999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for Fortis Private Bank

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




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 413-0477
2.684% 2.625%
0.75 points
$1,932 fees
$1,005 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Fortis Private Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Fortis Private 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:
San Diego,California


Fortis Private Bank Locations


Financial Details

Fortis Private Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Fortis Private 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
Fortis Private Bank U.S. Bank Average
8.66% 5.29%

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, 2021, Fortis Private Bank had $8,347,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $90,992,000 in equity and $5,349,000 in loans loss reserves. That gives it a Texas Ratio of 8.66%.

Return on Equity
Fortis Private Bank U.S. Bank Average
9.69% 11.43%

Fortis Private Bank has a Return on Equity of 9.69% versus the BestCashCow average of 11.43%. 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
Fortis Private Bank U.S. Bank Average
8.69% 11.51%

Fortis Private Bank has a Capitalization of 8.69% versus the BestCashCow average of 11.51. 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.

Fortis Private Bank Balance Sheet Analysis

As of March 31, 2021, Fortis Private Bank had assets of $1,046,666,000, loans of $700,603,000, and deposits of $915,502,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 152.92 million
Interest-bearing balances $ 141.17 million
Total securities $ 155.63 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 700.60 million
Loan loss allowance $ 5.35 million
Trading account assets $ 0.57 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.08 million
All other assets $ 30.69 million
     Total Assets $ 955.67 million
LIABILITIES
Total deposits $ 915.50 million
      Interest-bearing deposits $ 434.87 million
      Deposits held in domestic offices $ 915.50 million
      % insured (estimated) 45.45%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 0.57 million
Other borrowed funds $ 30.00 million
Subordinated debt N.A.
All other liabilities $ 9.60 million
      Total Liabilities $ 955.67 million
      Shareholders’ Equity $ 90.99 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 7.32 million
Total Interest Expense $ 0.48 million
Net interest income $ 6.84 million
Provision for loan and lease losses $ 0.18 million
Total non interest income $ 0.38 million
Total non interest expense $ 4.39 million
Pre-tax Net Operating Income $ 2.65 million

Bank Loan Profile?

The top three loan types in Fortis Private Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Colorado, Fortis Private Bank has a significantly higher percent of Construction and Development 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 40.68
Multifamily
Mortgages
0.93
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 18.90
Commercial Real Estate 20.83
Commercial and Industrial Loans 10.11
Farm Loans 0.00

Frequently Asked Questions About Fortis Private Bank

Branches and Savings

Is Fortis Private Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34401.

Why does Fortis Private Bank pay such low interest on savings accounts?

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

Why are Fortis Private Bank CD rates not competitive?

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

Is Fortis Private Bank a commercial bank?

Yes

Where are Fortis Private Bank locations?

See branch locations nearby.

Is Fortis Private Bank open on Saturdays?

Is Fortis Private Bank open on Sundays?

What time does Fortis Private Bank open?

What time does Fortis Private Bank close?

Are Fortis Private Bank ATMs Open 24/7?

Do Fortis Private Bank ATMs accept cash deposits?

Can Fortis Private Bank customers use other ATMs?

Do Fortis Private Bank branches have notaries?

Will Fortis Private Bank notarize my document?

What address for Fortis Private Bank should I put for incoming ACH transfers?

Will the Fortis Private Bank branch print checks?

Do Fortis Private Bank checks expire?

Does Fortis Private Bank require US citizenship to open account?

Can Fortis Private Bank close my account?

Does Fortis Private Bank Report to credit bureaus?

Does Fortis Private Bank Use Equifax?

What is Fortis Private Bank's ACH Routing Number?

What is Fortis Private Bank's SWIFT code?

Products

Does Fortis Private Bank offer mortgages?

Compare mortgage rates here.

Does Fortis Private Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Fortis Private Bank offer personal loans?

Compare personal loan rates here.

Does Fortis Private Bank offer student loans?

Will Fortis Private Bank cash a check?

Will Fortis Private Bank redeem a savings bond?

Does Fortis Private Bank cash savings bonds?

Will Fortis Private Bank cash money orders?

Can Fortis Private Bank issue a money order?

Does Fortis Private Bank do currency exchange?

Background on The Bank

Who owns Fortis Private Bank?

How long has Fortis Private Bank been around?

Can Fortis Private Bank transfer to other banks?

Does Fortis Private Bank have quick pay?

Does Fortis Private Bank accept rolled coins?

Will Fortis Private Bank accept loose change?

Where is Fortis Private Bank headquarters?

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