21st Century Bank

21st Century Bank is headquartered in Loretto and is the 36^th largest bank in the state of Minnesota. It is also the 1,817^st largest bank in the nation. It was established in 1917 and as of December of 2011, it had grown to 52 employees at 7 locations. 21st Century Bank has a 4-star health rating.

Data for Q4 2011

Institution Statistics 21st Century Bank FDIC Certificate # 9751 BankRate Report View Year Established 1917 Employees 52 Primary Regulator FDIC Assets and Liabilities Assets $362.07 million Loans $280.98 million Deposits $313.09 million Equity Capital $44.42 million Loan Loss Allowance $4.47 million Unbacked Noncurrent Loans $4.07 million Real Estate Owned $10.49 million Historic Data - December 2010 Assets $362.24 million Equity Capital $44.94 million Loan Loss Allowance $3.96 million Unbacked Noncurrent Loans $1.36 million Real Estate Owned $9.96 million Profit Margin - Quarterly Net Interest Margin 4.25% Return on Assets 0.37% Return on Equity 2.98% Interest Income $16.31 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 21st Century Bank had $14.56 million in non-current loans and owned real-estate with $48.88 million in equity and loan loss allowances on hand to cover it. This gives 21st Century Bank a Texas Ratio of 29.78% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for 21st Century Bank increased slightly from 23.03% as of December 31, 2010 to 29.78% as of December 31, 2011, resulting in a negative change of 29.32%. This indicates that the balance sheet and financial strength for 21st Century Bank has declined slightly in recent periods. Deposit Growth In the past year, 21st Century Bank has increased its total deposits by $21.76 million, resulting in 7.47% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 21st Century Bank has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 21st Century Bank has $362.07 million in assets with $48.88 million in equity, resulting in a capitalization level of 13.50%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.