Guaranty Bank and Trust Company (Denver, CO) (merged into Independent Bank)
Guaranty Bank and Trust Company (Denver, CO) reported total assets of $3.8 bn at Q4 2018, its last Call Report before it merged into Independent Bank. The CET1 capital ratio at Guaranty Bank and Trust Company (Denver, CO) was 13.10%, and the uninsured share of Guaranty Bank and Trust Company (Denver, CO) was 23.08%. Source: FDIC Call Reports.
Key takeaways
- Since , Guaranty Bank and Trust Company (Denver, CO) has taken over 2 institutions; the latest was Castle Rock Bank on (FDIC Call Reports).
What sets Guaranty Bank and Trust Company (Denver, CO) apart
How large is Guaranty Bank and Trust Company (Denver, CO)?
The balance sheet of Guaranty Bank and Trust Company (Denver, CO) at : assets $3.8 bn, deposits $3.1 bn, net loans $2.9 bn (loans equal to 92.73% of deposits). Securities make up 15.2% of total assets at Guaranty Bank and Trust Company (Denver, CO). Since , when Guaranty Bank and Trust Company (Denver, CO) held $2.4 bn, its assets grew 59.7%. In the year to , deposits at Guaranty Bank and Trust Company (Denver, CO) rose 5.3% while its total assets rose 1.9%. At , Guaranty Bank and Trust Company (Denver, CO) employed 473 full-time equivalent staff across 32 offices, about $8.0 mn of assets per employee and $97.2 mn of deposits per office.
How much funding at Guaranty Bank and Trust Company (Denver, CO) is uninsured?
At Guaranty Bank and Trust Company (Denver, CO), uninsured deposits (above the FDIC limit) made up 23.08% of domestic deposits at (-0.32 pp on a year earlier). In dollars, Guaranty Bank and Trust Company (Denver, CO) estimated $717.6 mn of uninsured deposits.
Key facts, Q4 2018
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.1 bn | $3.0 bn (Q4 2017) | |
| Net loans and leases | $2.9 bn | $2.8 bn (Q4 2017) | |
| Loan-to-deposit ratio | 92.73% | 94.26% (Q4 2017) | |
| Tier 1 leverage ratio | 11.37% | 11.05% (Q4 2017) | |
| Total risk-based capital ratio | 13.84% | 13.03% (Q4 2017) | |
| Net interest margin | 3.91% | 3.91% (Q4 2017) | |
| Return on assets (ROA) | 1.62% | 1.20% (Q4 2017) | |
| Efficiency ratio | 50.31% | 55.26% (Q4 2017) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $5.3 mn | Widened by $3.0 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $9.9 mn | Widened by $5.5 mn | |
| Noncurrent loans to total loans | 0.23% | 0.20% (Q4 2017) | |
| Net charge-offs to average loans | 0.02% | 0.04% (Q4 2017) |
US rank of Guaranty Bank and Trust Company (Denver, CO): 1 = highest unless marked 1 = lowest.
Balance sheet
Guaranty Bank and Trust Company (Denver, CO): assets, deposits and loans
- Total assets $3.8bn
- Deposits $3.1bn
- Net loans $2.9bn
Capital and securities
The CET1 ratio of Guaranty Bank and Trust Company (Denver, CO) stood at 13.10% in , +0.81 pp year on year. Low and high at Guaranty Bank and Trust Company (Denver, CO) since : 11.89% () to 13.10% (). Equity capital of Guaranty Bank and Trust Company (Denver, CO) at : $495.3 mn, or 13.1% of total assets. Guaranty Bank and Trust Company (Denver, CO) also reported a total capital ratio of 13.84% for , and a tier 1 leverage ratio of 11.37%.
On held-to-maturity securities, Guaranty Bank and Trust Company (Denver, CO) carried an unrealized loss of $5.3 mn at , equal to 1.1% of equity capital. The loss widened by $3.0 mn over the year. Its deepest point: $9.6 mn in . The available-for-sale portfolio of Guaranty Bank and Trust Company (Denver, CO) showed an unrealized loss of $9.9 mn at ; the loss widened by $5.5 mn over the year.
Guaranty Bank and Trust Company (Denver, CO): capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 11%
Guaranty Bank and Trust Company (Denver, CO): unrealized securities gains and losses
- Available for sale -$10mn
- Held to maturity -$5mn
Profitability and loan quality
For the year to , Guaranty Bank and Trust Company (Denver, CO) earned a return on equity of 12.83%; return on assets: 1.62%. Net interest margin at Guaranty Bank and Trust Company (Denver, CO): 3.91%, +0.01 pp in a year. Guaranty Bank and Trust Company (Denver, CO) net income: $60.7 mn, up 45.2% year on year. The efficiency ratio of Guaranty Bank and Trust Company (Denver, CO) was 50.31%: about 50 cents cost per revenue dollar, against 54 cents at the median peer.
At , noncurrent loans were 0.23% of total loans at Guaranty Bank and Trust Company (Denver, CO); net charge-offs: 0.02% of average loans. Gross loans and leases at Guaranty Bank and Trust Company (Denver, CO): $2.9 bn at , against $2.8 bn at .
Guaranty Bank and Trust Company (Denver, CO): profitability
- Return on equity 13%
- Net interest margin 3.9%
- Return on assets 1.6%
Peer group of Guaranty Bank and Trust Company (Denver, CO)
The peer group of Guaranty Bank and Trust Company (Denver, CO) 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 Guaranty Bank and Trust Company (Denver, CO) (state member bank) and 0 have head offices in Colorado. Against them, Guaranty Bank and Trust Company (Denver, CO) shows CET1 ratio 13.10% against a peer median of 12.57%, return on equity 12.83% against a peer median of 12.87% and uninsured deposit share 23.08% against a peer median of 31.62%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Sunflower Bank | National bank | TX | $3.9 bn | 12.50% | 4.93% | 32.78% | |
| Lake Forest Bank & Trust Company | National bank | IL | $3.8 bn | 11.87% | 20.54% | 44.09% | |
| CresCom Bank | State nonmember bank | SC | $3.8 bn | 16.00% | 9.38% | 22.98% | |
| Guaranty Bank and Trust Company | State member bank | CO | $3.8 bn | 13.10% | 12.83% | 23.08% | |
| Morton Community Bank | State nonmember bank | IL | $3.8 bn | 12.63% | 14.80% | 16.68% | |
| First National Bank Alaska | National bank | AK | $3.8 bn | 20.11% | 10.93% | 30.46% | |
| American National Bank | National bank | NE | $3.7 bn | 10.60% | 15.40% | 47.10% | |
. FDIC Call Reports.
Last eight quarters
Two years at Guaranty Bank and Trust Company (Denver, CO), to : assets $3.4 bn to $3.8 bn, deposits $2.8 bn to $3.1 bn, equity $419.3 mn to $495.3 mn. Staff 483 to 473.
| Metric | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.4 bn | $3.4 bn | $3.5 bn | $3.7 bn | $3.7 bn | $3.8 bn | $3.8 bn | $3.8 bn |
| Total deposits | $2.8 bn | $2.8 bn | $2.9 bn | $3.0 bn | $3.0 bn | $3.0 bn | $3.1 bn | $3.1 bn |
| Bank equity capital | $419.3 mn | $413.2 mn | $425.0 mn | $459.4 mn | $471.4 mn | $461.5 mn | $476.3 mn | $495.3 mn |
| CET1 ratio | 12.48% | 12.19% | 12.23% | 12.29% | 12.46% | 12.08% | 12.46% | 13.10% |
| Return on equity (ROE) | 10.16% | 10.29% | 10.33% | 9.84% | 12.48% | 12.39% | 12.78% | 12.83% |
| Uninsured share of domestic deposits | 23.45% | 21.56% | 24.29% | 23.40% | 24.69% | 21.37% | 21.73% | 23.08% |
| Full-time equivalent employees | 483 | 476 | 475 | 489 | 507 | 498 | 483 | 473 |
| Number of offices | 32 | 32 | 32 | 33 | 32 | 32 | 32 | 32 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Guaranty Bank and Trust Company (Denver, CO), oldest first; figures before and after each event are not like for like.
- . Absorbed The Home State Bank (FDIC certificate 16902).
- . Absorbed Castle Rock Bank (FDIC certificate 90582).
- . Merged into Independent Bank (FDIC certificate 3076).
Large one-quarter moves at Guaranty Bank and Trust Company (Denver, CO)
- Total assets at Guaranty Bank and Trust Company (Denver, CO) changed by +39.7% in the quarter to 2016-09-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from The Home State Bank.
Questions and identifiers
What were the total assets of Guaranty Bank and Trust Company (Denver, CO)?
Guaranty Bank and Trust Company (Denver, CO) reported $3.8 bn at in its Call Report.
Is Guaranty Bank and Trust Company (Denver, CO) the same as its holding company?
No. This page covers Guaranty Bank and Trust Company (Denver, CO), FDIC certificate 17482; GUARANTY BCORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Guaranty Bank and Trust Company (Denver, CO) profitable?
Guaranty Bank and Trust Company (Denver, CO) reported net income of $60.7 mn for the year to ; annualized return on equity: 12.83%. So yes: Guaranty Bank and Trust Company (Denver, CO) made a profit over these months.
When is data for Guaranty Bank and Trust Company (Denver, CO) next updated?
Guaranty Bank and Trust Company (Denver, CO) no longer files Call Reports; its data ends at .
Where can I check the figures for Guaranty Bank and Trust Company (Denver, CO)?
In the FDIC BankFind Suite record for certificate 17482, and in the Call Reports of Guaranty Bank and Trust Company (Denver, CO) (RSSD ID 666657) at the FFIEC Central Data Repository.