The First National Bank of Hugo

321 4th Street
Hugo, CO 80821

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3029
Date Established 1903
Assets $0.12 billion
Loans $0.06 billion
Deposits $0.11 billion
Capital $0.02 billion
 

The First National Bank of Hugo is an FDIC insured institution located in Hugo, CO. It was founded in 1903 and has approximately $0.12 billion in assets. Customers can open an account at one of its 3 branches.

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

Deposit Rates - October 21, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.12% $2,500 - Learn MoreShow Less
Premium Money Market Account
0.15% $10,000 - Learn MoreShow Less
CD Rates APY MIN MAX
6 Mo CD
0.43% $10,000 $99,999 Learn MoreShow Less
6 Mo CD
0.49% $100,000 - Learn MoreShow Less
12 Mo CD
0.54% $10,000 $99,999 Learn MoreShow Less
12 Mo CD
0.56% $100,000 - Learn MoreShow Less
18 Mo CD
0.83% $10,000 $99,999 Learn MoreShow Less
18 Mo CD
0.86% $100,000 - Learn MoreShow Less
24 Mo CD
0.89% $10,000 $99,999 Learn MoreShow Less
24 Mo CD
0.91% $100,000 - Learn MoreShow Less
1.05% $10,000 $99,999 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.56% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.08% $1,000 - Learn MoreShow Less

Loan Rates - October 21, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The First National Bank of Hugo

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.523% 3.500% 0.25 $732 $1,123 Learn More
First Internet Bank
NMLS ID: 424182
3.750% 3.750% -0.13 ($158) $1,158 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.250 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to The First National Bank of Hugo
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Branches

The First National Bank of Hugo 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


The First National Bank of Hugo Locations


Financial Details

The First National Bank of Hugo Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The First National Bank of Hugo. 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 First National Bank of Hugo U.S. Bank Average
4.05% 6.77%

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, 2019, The First National Bank of Hugo had $691,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $16,033,000 in equity and $1,030,000 in loans loss reserves. That gives it a Texas Ratio of 4.05%.

Return on Equity
The First National Bank of Hugo U.S. Bank Average
13.78% 9.50%

The First National Bank of Hugo has a Return on Equity of 13.78% versus the BestCashCow average of 9.50%. 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 First National Bank of Hugo U.S. Bank Average
13% 12.76%

The First National Bank of Hugo has a Capitalization of 13% versus the BestCashCow average of 12.76. 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 First National Bank of Hugo Balance Sheet Analysis

As of June 30, 2019, The First National Bank of Hugo had assets of $123,342,000, loans of $61,823,000, and deposits of $106,457,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.06 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 $0.11 billion
LIABILITIES
Total deposits $0.11 billion
      Interest-bearing deposits $0.07 billion
      Deposits held in domestic offices $0.11 billion
      % insured (estimated) 76.64%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.11 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in Colorado, The First National Bank of Hugo 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 9.27
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.39
Small Business Loans 8.29
Construction and Development Loans 1.26
Commercial Real Estate 17.85
Commercial and Industrial Loans 1.90
Farm Loans 25.47

Frequently Asked Questions About The First National Bank Of Hugo

Branches and Savings

Is The First National Bank Of Hugo FDIC insured?

Yes. It is covered under FDIC Certificate #3029.

Why does The First National Bank Of Hugo pay such low interest on savings accounts?

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

Why are The First National Bank Of Hugo CD rates not competitive?

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

Is The First National Bank Of Hugo a commercial bank?

Yes

Where are The First National Bank Of Hugo locations?

See branch locations nearby.

Is The First National Bank Of Hugo open on Saturdays?

Is The First National Bank Of Hugo open on Sundays?

What time does The First National Bank Of Hugo open?

What time does The First National Bank Of Hugo close?

Are The First National Bank Of Hugo ATMs Open 24/7?

Do The First National Bank Of Hugo ATMs accept cash deposits?

Can The First National Bank Of Hugo customers use other ATMs?

Do The First National Bank Of Hugo branches have notaries?

Will The First National Bank Of Hugo notarize my document?

What address for The First National Bank Of Hugo should I put for incoming ACH transfers?

Will the The First National Bank Of Hugo branch print checks?

Do The First National Bank Of Hugo checks expire?

Does The First National Bank Of Hugo require US citizenship to open account?

Can The First National Bank Of Hugo close my account?

Does The First National Bank Of Hugo Report to credit bureaus?

Does The First National Bank Of Hugo Use Equifax?

What is The First National Bank Of Hugo's ACH Routing Number?

What is The First National Bank Of Hugo's SWIFT code?

Products

Does The First National Bank Of Hugo offer mortgages?

Compare mortgage rates here.

Does The First National Bank Of Hugo offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The First National Bank Of Hugo offer personal loans?

Compare personal loan rates here.

Does The First National Bank Of Hugo offer student loans?

Will The First National Bank Of Hugo cash a check?

Will The First National Bank Of Hugo redeem a savings bond?

Does The First National Bank Of Hugo cash savings bonds?

Will The First National Bank Of Hugo cash money orders?

Can The First National Bank Of Hugo issue a money order?

Does The First National Bank Of Hugo do currency exchange?

Background on The Bank

Who owns The First National Bank Of Hugo?

How long has The First National Bank Of Hugo been around?

Can The First National Bank Of Hugo transfer to other banks?

Does The First National Bank Of Hugo have quick pay?

Does The First National Bank Of Hugo accept rolled coins?

Will The First National Bank Of Hugo accept loose change?

Where is The First National Bank Of Hugo headquarters?

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