Kit Carson State Bank

Headquarters

113 Main Street
Kit Carson, CO 80825
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

Kit Carson State Bank is an FDIC insured institution located in Kit Carson, CO. It was founded in 1909 and has approximately $0.08 billion in assets.

FDIC Insured Yes
FDIC Certificate # 9216
Date Established 1909
Assets $ 81.84 million
Loans $ 37.40 million
Deposits $ 73.57 million
Capital $ 8.00 million
 

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

Deposit Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Kit Carson State 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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Kit Carson State Bank
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Branches

Kit Carson State 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


Kit Carson State Bank Locations


Financial Details

Kit Carson State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Kit Carson State 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
Kit Carson State Bank U.S. Bank Average
13.06% 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, Kit Carson State Bank had $646,000 in non-current loans and $471,000 in owned real estate. To cover these potential losses it had $8,004,000 in equity and $550,000 in loans loss reserves. That gives it a Texas Ratio of 13.06%.

Return on Equity
Kit Carson State Bank U.S. Bank Average
8.95% 7.80%

Kit Carson State Bank has a Return on Equity of 8.95% 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
Kit Carson State Bank U.S. Bank Average
9.78% 12.68%

Kit Carson State Bank has a Capitalization of 9.78% 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.

Kit Carson State Bank Balance Sheet Analysis

As of September 30, 2012, Kit Carson State Bank had assets of $81,844,000, loans of $37,399,000, and deposits of $73,570,000. 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 $ 37.40 million
Loan loss allowance $ 0.55 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.47 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 73.57 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 $ 81.84 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 Kit Carson State Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Colorado, Kit Carson State Bank has a significantly higher percent of Farm 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 4.66
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.52
Small Business Loans 12.69
Construction and Development Loans 0.00
Commercial Real Estate 12.70
Commercial and Industrial Loans 13.14
Farm Loans 44.45

Frequently Asked Questions About Kit Carson State Bank

Branches and Savings

Is Kit Carson State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9216.

Why does Kit Carson State Bank pay such low interest on savings accounts?

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

Why are Kit Carson State Bank CD rates not competitive?

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

Is Kit Carson State Bank a commercial bank?

Yes

Where are Kit Carson State Bank locations?

See branch locations nearby.

Is Kit Carson State Bank open on Saturdays?

Is Kit Carson State Bank open on Sundays?

What time does Kit Carson State Bank open?

What time does Kit Carson State Bank close?

Are Kit Carson State Bank ATMs Open 24/7?

Do Kit Carson State Bank ATMs accept cash deposits?

Can Kit Carson State Bank customers use other ATMs?

Do Kit Carson State Bank branches have notaries?

Will Kit Carson State Bank notarize my document?

What address for Kit Carson State Bank should I put for incoming ACH transfers?

Will the Kit Carson State Bank branch print checks?

Do Kit Carson State Bank checks expire?

Does Kit Carson State Bank require US citizenship to open account?

Can Kit Carson State Bank close my account?

Does Kit Carson State Bank Report to credit bureaus?

Does Kit Carson State Bank Use Equifax?

What is Kit Carson State Bank's ACH Routing Number?

What is Kit Carson State Bank's SWIFT code?

Products

Does Kit Carson State Bank offer mortgages?

Compare mortgage rates here.

Does Kit Carson State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Kit Carson State Bank offer personal loans?

Compare personal loan rates here.

Does Kit Carson State Bank offer student loans?

Will Kit Carson State Bank cash a check?

Will Kit Carson State Bank redeem a savings bond?

Does Kit Carson State Bank cash savings bonds?

Will Kit Carson State Bank cash money orders?

Can Kit Carson State Bank issue a money order?

Does Kit Carson State Bank do currency exchange?

Background on The Bank

Who owns Kit Carson State Bank?

How long has Kit Carson State Bank been around?

Can Kit Carson State Bank transfer to other banks?

Does Kit Carson State Bank have quick pay?

Does Kit Carson State Bank accept rolled coins?

Will Kit Carson State Bank accept loose change?

Where is Kit Carson State Bank headquarters?

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