BANK 360

BANK 360 is headquartered in Beresford and is the 63^rd largest bank in the state of South Dakota. It is also the 6,702^nd largest bank in the nation. It was established in 1955 and as of December of 2011, it had grown to 19 employees at 3 locations. BANK 360 has a 3-star health rating.

BANK 360 Routing Number: 291471011

Data for Q4 2011

Institution Statistics BANK 360 OTS # 05919 FDIC Certificate # 30789 BankRate Report View Year Established 1955 Employees 19 Primary Regulator OCC Assets and Liabilities Assets $39.90 million Loans $25.34 million Deposits $36.89 million Equity Capital $2.83 million Loan Loss Allowance $727,000 Unbacked Noncurrent Loans $723,000 Real Estate Owned $166,000 Historic Data - December 2010 Assets $46.28 million Equity Capital $3.21 million Loan Loss Allowance $616,000 Unbacked Noncurrent Loans $1.40 million Real Estate Owned $383,000 Profit Margin - Quarterly Net Interest Margin 4.47% Return on Assets -0.77% Return on Equity -10.67% Interest Income $2.02 million

Institution Health Overall Score: 3 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 BANK 360 had $889,000 in non-current loans and owned real-estate with $3.56 million in equity and loan loss allowances on hand to cover it. This gives BANK 360 a Texas Ratio of 24.99% 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 BANK 360 decreased significantly from 46.54% as of December 31, 2010 to 24.99% as of December 31, 2011, resulting in a positive change of 46.31%.This indicates that the balance sheet and financial strength for BANK 360 has improved significantly in recent periods. Deposit Growth In the past year, BANK 360 has decreased its total deposits by -$3.42 million, resulting in -8.49% 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 BANK 360 has shown is poor. 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. BANK 360 has $39.9 million in assets with $3.56 million in equity, resulting in a capitalization level of 8.92%, which is average.

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