Bank of Alpena

Bank of Alpena is headquartered in Alpena and is the 113^st largest bank in the state of Michigan. It is also the 5,780^th largest bank in the nation. It was established in 2001 and as of December of 2011, it had grown to 23 employees at 1 location. Bank of Alpena has a 3-star health rating.

Bank of Alpena Routing Number: 072414051

Data for Q4 2011

Institution Statistics Bank of Alpena FDIC Certificate # 57029 BankRate Report View Year Established 2001 Employees 23 Primary Regulator FDIC Assets and Liabilities Assets $70.07 million Loans $39.35 million Deposits $62.84 million Equity Capital $7.03 million Loan Loss Allowance $949,000 Unbacked Noncurrent Loans $1.71 million Real Estate Owned $2.20 million Historic Data - December 2010 Assets $69.08 million Equity Capital $6.80 million Loan Loss Allowance $1.20 million Unbacked Noncurrent Loans $2.84 million Real Estate Owned $2.24 million Profit Margin - Quarterly Net Interest Margin 4.5% Return on Assets 0.28% Return on Equity 2.78% Interest Income $3.19 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 of Alpena had $3.91 million in non-current loans and owned real-estate with $7.98 million in equity and loan loss allowances on hand to cover it. This gives Bank of Alpena a Texas Ratio of 48.98% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bank of Alpena decreased slightly from 63.45% as of December 31, 2010 to 48.98% as of December 31, 2011, resulting in a positive change of 22.80%.This indicates that the balance sheet and financial strength for Bank of Alpena has improved slightly in recent periods. Deposit Growth In the past year, Bank of Alpena has increased its total deposits by $797,000, resulting in 1.28% 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 of Alpena has shown is above average. 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 of Alpena has $70.07 million in assets with $7.98 million in equity, resulting in a capitalization level of 11.39%, which is above average.

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