FlatIrons Bank: how it compares with its peers
Against 33 CO banks with half to twice its assets, FlatIrons Bank's strongest measure in Q2 2026 is assets per employee ($9.0M vs. a $7.8M peer median). Its weakest relative measure is net interest margin (4.01% vs. 4.13%).
| Measure | FlatIrons Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.51% | 1.18% | Middle third Ahead of 64% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.01% | 4.13% | Middle third Ahead of 36% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 68.59% | 65.59% | Middle third Ahead of 36% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.0M | $7.8M | Top third Ahead of 79% of peers |
| Loans to deposits Net loans and leases over total deposits. | 81.97% | 86.27% | Context |
What it means for lending operations
Its efficiency ratio of 68.59% is above the 65.59% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- 5Star Bank Colorado Springs, CO · $378M
- Native American Bank, National Association Denver, CO · $362M
- First FarmBank Greeley, CO · $384M
- San Luis Valley Federal Bank Alamosa, CO · $390M
- Alamosa State Bank Alamosa, CO · $340M
- The Colorado Bank and Trust Company of La Junta La Junta, CO · $330M
Questions about FlatIrons Bank
How big is FlatIrons Bank?
FlatIrons Bank, established in 2001, is headquartered in Boulder, CO. It reported $370M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is FlatIrons Bank's return on assets?
1.51% annualized in Q2 2026, against a 1.18% median for 33 CO banks with half to twice its assets, ahead of 64% of them.
What is FlatIrons Bank's efficiency ratio?
68.59% in Q2 2026: it spent about 69 cents in noninterest expense for each dollar of revenue. The peer median is 65.59%, and lower is better.
Is FlatIrons Bank growing its loans?
Net loans grew 8.7% over the year to Q2 2026, while deposits shrank 6.3%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are CO banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Colorado bank ranked.