CoBiz Bank (merged into BOKF)

FDIC-insured bank with its head office in Denver, Colorado, established in 1978 according to the FDIC.
Merged. CoBiz Bank merged into BOKF on (FDIC: absorbtion - without assistance). Its data ends with the Call Report for ; figures on this page are from that report or earlier.

CoBiz Bank reported total assets of $4.4 bn at Q4 2018, its last Call Report before it merged into BOKF. The CET1 capital ratio at CoBiz Bank was 10.65%, and the uninsured share of CoBiz Bank was 62.07%. Source: FDIC Call Reports.

Total assets
$4.4 bn
A year earlier (Q4 2017): $3.8 bn
CET1 capital ratio
10.65%
A year earlier (Q4 2017): 12.19%
Return on equity
3.15%
A year earlier (Q4 2017): 9.90%
Uninsured share of deposits
62.07%
A year earlier (Q4 2017): 63.20%

What sets CoBiz Bank apart

Nothing in the latest data sets CoBiz Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.

How large is CoBiz Bank?

The balance sheet of CoBiz Bank at : assets $4.4 bn, deposits $3.3 bn, net loans $2.9 bn (loans equal to 87.90% of deposits). Securities make up 2.4% of total assets at CoBiz Bank. Since , when CoBiz Bank held $3.3 bn, its assets grew 33.5%. In the year to , deposits at CoBiz Bank rose 2.2% while its total assets rose 16.3%. At , CoBiz Bank employed 379 full-time equivalent staff across 15 offices, about $11.7 mn of assets per employee and $221.0 mn of deposits per office.

How much funding at CoBiz Bank is uninsured?

At CoBiz Bank, uninsured deposits (above the FDIC limit) made up 62.07% of domestic deposits at (-1.13 pp on a year earlier). In dollars, CoBiz Bank estimated $2.1 bn of uninsured deposits.

Key facts, Q4 2018

MetricValueA year earlierUS rank
Total deposits$3.3 bn$3.2 bn (Q4 2017)
Net loans and leases$2.9 bn$3.1 bn (Q4 2017)
Loan-to-deposit ratio87.90%95.60% (Q4 2017)
Tier 1 leverage ratio8.25%10.47% (Q4 2017)
Total risk-based capital ratio12.83%13.23% (Q4 2017)
Net interest margin1.20%3.86% (Q4 2017)
Return on assets (ROA)0.40%1.04% (Q4 2017)
Efficiency ratio46.53%57.92% (Q4 2017)
Unrealized gain/loss on available-for-sale securitiesGain of $632,000Fell by $2.1 mn
Noncurrent loans to total loans0.47%0.25% (Q4 2017)
Net charge-offs to average loans0.00%-0.04% (Q4 2017)

US rank of CoBiz Bank: 1 = highest unless marked 1 = lowest.

Balance sheet

CoBiz Bank: assets, deposits and loans

USD bn
Total assets, deposits and net loans of CoBiz Bank each quarter; total assets were $4.4 bn at Q4 2018$2.6bn$3.1bn$3.6bn$4.0bn$4.5bn20172018Total assets$4.4bnDeposits$3.3bnNet loans$2.9bnTotal assets, deposits and net loans of CoBiz Bank each quarter; total assets were $4.4 bn at Q4 2018$2.6bn$3.2bn$3.9bn$4.5bn20172018
  • Total assets $4.4bn
  • Deposits $3.3bn
  • Net loans $2.9bn
to . FDIC Call Reports.

Capital and securities

The CET1 ratio of CoBiz Bank stood at 10.65% in , -1.54 pp year on year. Low and high at CoBiz Bank since : 10.65% () to 12.19% (). Equity capital of CoBiz Bank at : $989.6 mn, or 22.3% of total assets. CoBiz Bank also reported a total capital ratio of 12.83% for , and a tier 1 leverage ratio of 8.25%.

The available-for-sale portfolio of CoBiz Bank showed an unrealized gain of $632,000 at ; the gain fell by $2.1 mn over the year.

CoBiz Bank: capital ratios

Percent
CET1, total risk-based capital and tier 1 leverage ratios of CoBiz Bank, Q1 2016 to Q4 20187.9%9.6%11%13%15%20172018Total capital13%CET111%Tier 1 leverage8.3%CET1, total risk-based capital and tier 1 leverage ratios of CoBiz Bank, Q1 2016 to Q4 20187.9%10%12%15%20172018
  • Total capital 13%
  • CET1 11%
  • Tier 1 leverage 8.3%
to . FDIC Call Reports.

CoBiz Bank: unrealized securities gains and losses

USD bn
Unrealized gains and losses on available-for-sale and held-to-maturity securities of CoBiz Bank, Q1 2016 to Q4 2018-$6mn-$3mn$142,500$3mn$6mn20172018Available for sale$632,000Held to maturity$0Unrealized gains and losses on available-for-sale and held-to-maturity securities of CoBiz Bank, Q1 2016 to Q4 2018-$6mn-$2mn$2mn$6mn20172018
  • Available for sale $632,000
  • Held to maturity $0
to . FDIC Call Reports.

Profitability and loan quality

For the year to , CoBiz Bank earned a return on equity of 3.15%; return on assets: 0.40%. Net interest margin at CoBiz Bank: 1.20%, -2.66 pp in a year. CoBiz Bank net income: $15.7 mn, down 59.8% year on year. The efficiency ratio of CoBiz Bank was 46.53%: about 47 cents cost per revenue dollar, against 57 cents at the median peer.

At , noncurrent loans were 0.47% of total loans at CoBiz Bank; net charge-offs: 0.00% of average loans. Gross loans and leases at CoBiz Bank: $2.9 bn at , against $3.1 bn at .

CoBiz Bank: profitability

Percent, annualized
Return on equity, net interest margin and return on assets of CoBiz Bank, Q1 2016 to Q4 2018-0.9%3.3%7.4%12%16%20172018Return on equity3.1%Net interest margin1.2%Return on assets0.4%Return on equity, net interest margin and return on assets of CoBiz Bank, Q1 2016 to Q4 2018-0.9%4.7%10%16%20172018
  • Return on equity 3.1%
  • Net interest margin 1.2%
  • Return on assets 0.4%
to . FDIC Call Reports.

Peer group of CoBiz Bank

The peer group of CoBiz Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of CoBiz Bank (state member bank) and 0 have head offices in Colorado. Against them, CoBiz Bank shows CET1 ratio 10.65% against a peer median of 12.02%, return on equity 3.15% against a peer median of 12.79% and uninsured deposit share 62.07% against a peer median of 36.03%.

BankCharterStateTotal assetsCET1 ratioReturn on equityUninsured share
TBK BANK, SSBState-chartered stock savings bankTX$4.5 bn11.68%11.20%25.18%
Bankers Trust CompanyState nonmember bankIA$4.5 bn9.82%14.97%58.33%
The Bancorp BankNational bankSD$4.4 bn20.58%26.95%59.43%
CoBiz BankState member bankCO$4.4 bn10.65%3.15%62.07%
Centier BankState nonmember bankIN$4.4 bn11.05%14.38%31.80%
Bangor Savings BankState-chartered stock savings bankME$4.4 bn12.37%8.03%40.26%
Northfield BankFederal savings bankNY$4.4 bn16.00%6.58%25.82%

. FDIC Call Reports.

Last eight quarters

Two years at CoBiz Bank, to : assets $3.7 bn to $4.4 bn, deposits $3.1 bn to $3.3 bn, equity $385.8 mn to $989.6 mn. Staff 448 to 379.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018Q2 2018Q3 2018Q4 2018
Total assets$3.7 bn$3.8 bn$3.8 bn$3.8 bn$3.8 bn$3.8 bn$3.8 bn$4.4 bn
Total deposits$3.1 bn$3.1 bn$3.2 bn$3.2 bn$3.2 bn$3.2 bn$3.3 bn$3.3 bn
Bank equity capital$385.8 mn$395.6 mn$404.9 mn$406.5 mn$353.3 mn$367.1 mn$373.9 mn$989.6 mn
CET1 ratio11.86%11.92%12.03%12.19%10.71%11.06%11.25%10.65%
Return on equity (ROE)10.21%10.60%11.08%9.90%14.20%14.90%12.44%3.15%
Uninsured share of domestic deposits60.84%68.45%60.80%63.20%63.14%63.44%61.63%62.07%
Full-time equivalent employees448448450459476478438379
Number of offices1515151515151515

FDIC Call Reports.

Mergers and acquisitions

The FDIC history of CoBiz Bank, oldest first; figures before and after each event are not like for like.

  1. . Merged into BOKF, National Association (FDIC certificate 4214).

Questions and identifiers

What were the total assets of CoBiz Bank?

CoBiz Bank reported $4.4 bn at in its Call Report.

Is CoBiz Bank the same as its holding company?

No. This page covers CoBiz Bank, FDIC certificate 22683; BOK FINANCIAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.

Is CoBiz Bank profitable?

CoBiz Bank reported net income of $15.7 mn for the year to ; annualized return on equity: 3.15%. So yes: CoBiz Bank made a profit over these months.

When is data for CoBiz Bank next updated?

CoBiz Bank no longer files Call Reports; its data ends at .

Where can I check the figures for CoBiz Bank?

In the FDIC BankFind Suite record for certificate 22683, and in the Call Reports of CoBiz Bank (RSSD ID 56557) at the FFIEC Central Data Repository.