Garfield County Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 03/14/1960.
With assets of $89.99 Million, it operates 2 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: January 1, 2025
Outstanding
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
January 1, 2025
Outstanding
December 1, 2018
Outstanding
May 1, 2013
Outstanding
February 5, 2008
Satisfactory
January 1, 2003
Satisfactory
April 1, 1998
Satisfactory
August 1, 1995
Satisfactory
July 1, 1994
Satisfactory
June 1, 1992
Satisfactory
November 1, 1990
Satisfactory
💰 Financial Strength
Total Assets$89.99 Million
Total Deposits$72.54 Million
Equity Capital$13.46 Million
Net Income$869,000
📈 Performance
ROA1.26%
ROE8.85%
Financial Terms: ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good. ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.