The Eastern Colorado Bank

10 South First Street
Cheyenne Wells, CO 80810

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16125
Date Established 1944
Assets $0.39 billion
Loans $0.26 billion
Deposits $0.33 billion
Capital $0.04 billion

The Eastern Colorado Bank is an FDIC insured institution located in Cheyenne Wells, CO. It was founded in 1944 and has approximately $0.39 billion in assets. Customers can open an account at one of its 7 branches.

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

Bank Loan Profile?

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

Compared to other banks in Colorado, The Eastern Colorado 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 16.04
Multifamily
Mortgages
2.19
Credit Card Loans 0.00
Consumer Auto Loans 0.17
Small Business Loans 5.97
Construction and Development Loans 4.75
Commercial Real Estate 20.26
Commercial and Industrial Loans 9.47
Farm Loans 25.26

Deposit Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $2,500 - Learn MoreShow Less
Premium Money Market Account
0.35% $10,000 - Learn MoreShow Less
CD Rates APY MIN MAX
6 Mo CD
0.80% $10,000 $24,999 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.20% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.65% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Eastern Colorado 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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
First Internet Bank
NMLS ID: 424182
4.659% 4.625% 0.38 $988 $1,286 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.750% 4.750% 0.00 $0 $1,305 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.500% 5.500% 0.00 $0 $1,420 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

Note to The Eastern Colorado Bank
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Branches

The Eastern Colorado 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


The Eastern Colorado Bank Locations

Financial Details

The Eastern Colorado Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Eastern Colorado 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
The Eastern Colorado Bank U.S. Bank Average
5.04% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2018, The Eastern Colorado Bank had $1,092,000 in non-current loans and $1,247,000 in owned real estate. To cover these potential losses it had $42,019,000 in equity and $4,414,000 in loans loss reserves. That gives it a Texas Ratio of 5.04%.

Return on Equity
The Eastern Colorado Bank U.S. Bank Average
14.45% 9.77%

The Eastern Colorado Bank has a Return on Equity of 14.45% versus the BestCashCow average of 9.77%. 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
The Eastern Colorado Bank U.S. Bank Average
10.76% 12.31%

The Eastern Colorado Bank has a Capitalization of 10.76% versus the BestCashCow average of 12.31. 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.

The Eastern Colorado Bank Balance Sheet Analysis

As of June 30, 2018, The Eastern Colorado Bank had assets of $390,593,000, loans of $257,812,000, and deposits of $329,650,000. 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

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.08 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.26 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.35 billion
LIABILITIES
Total deposits $0.33 billion
      Interest-bearing deposits $0.25 billion
      Deposits held in domestic offices $0.33 billion
      % insured (estimated) 72.88%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.35 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About The Eastern Colorado Bank

Branches and Savings

Is The Eastern Colorado Bank FDIC insured?

Yes. It is covered under FDIC Certificate #16125.

Why does The Eastern Colorado Bank pay such low interest on savings accounts?

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

Why are The Eastern Colorado Bank CD rates not competitive?

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

Is The Eastern Colorado Bank a commercial bank?

Yes

Where are The Eastern Colorado Bank locations?

See branch locations nearby.

Is The Eastern Colorado Bank open on Saturdays?

Is The Eastern Colorado Bank open on Sundays?

What time does The Eastern Colorado Bank open?

What time does The Eastern Colorado Bank close?

Are The Eastern Colorado Bank ATMs Open 24/7?

Do The Eastern Colorado Bank ATMs accept cash deposits?

Can The Eastern Colorado Bank customers use other ATMs?

Do The Eastern Colorado Bank branches have notaries?

Will The Eastern Colorado Bank notarize my document?

What address for The Eastern Colorado Bank should I put for incoming ACH transfers?

Will the The Eastern Colorado Bank branch print checks?

Do The Eastern Colorado Bank checks expire?

Does The Eastern Colorado Bank require US citizenship to open account?

Can The Eastern Colorado Bank close my account?

Does The Eastern Colorado Bank Report to credit bureaus?

Does The Eastern Colorado Bank Use Equifax?

What is The Eastern Colorado Bank's ACH Routing Number?

What is The Eastern Colorado Bank's SWIFT code?

Products

Does The Eastern Colorado Bank offer mortgages?

Compare mortgage rates here.

Does The Eastern Colorado Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Eastern Colorado Bank offer personal loans?

Compare personal loan rates here.

Does The Eastern Colorado Bank offer student loans?

Will The Eastern Colorado Bank cash a check?

Will The Eastern Colorado Bank redeem a savings bond?

Does The Eastern Colorado Bank cash savings bonds?

Will The Eastern Colorado Bank cash money orders?

Can The Eastern Colorado Bank issue a money order?

Does The Eastern Colorado Bank do currency exchange?

Background on The Bank

Who owns The Eastern Colorado Bank?

How long has The Eastern Colorado Bank been around?

Can The Eastern Colorado Bank transfer to other banks?

Does The Eastern Colorado Bank have quick pay?

Does The Eastern Colorado Bank accept rolled coins?

Will The Eastern Colorado Bank accept loose change?

Where is The Eastern Colorado Bank headquarters?

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