Bank of Turtle Lake (ND)

Bank of Turtle Lake (ND) is headquartered in Turtle Lake and is the 80^th largest bank in the state of North Dakota. It is also the 6,842^nd largest bank in the nation. It was established in 1965 and as of December of 2011, it had grown to 9 employees at 1 location. Bank of Turtle Lake (ND) has a 5-star health rating.

Data for Q4 2011

Institution Statistics Bank of Turtle Lake FDIC Certificate # 19480 BankRate Report View Year Established 1965 Employees 9 Primary Regulator FDIC Assets and Liabilities Assets $34.94 million Loans $23.24 million Deposits $31.42 million Equity Capital $3.38 million Loan Loss Allowance $399,000 Unbacked Noncurrent Loans $116,000 Real Estate Owned $84,000 Historic Data - December 2010 Assets $32.42 million Equity Capital $2.67 million Loan Loss Allowance $372,000 Unbacked Noncurrent Loans $156,000 Real Estate Owned $84,000 Profit Margin - Quarterly Net Interest Margin 3.69% Return on Assets 0.74% Return on Equity 8.32% Interest Income $1.56 million

Institution Health Overall Score: 5 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 Turtle Lake (ND) had $200,000 in non-current loans and owned real-estate with $3.78 million in equity and loan loss allowances on hand to cover it. This gives Bank of Turtle Lake (ND) a Texas Ratio of 5.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bank of Turtle Lake (ND) decreased significantly from 11.50% as of December 31, 2010 to 5.29% as of December 31, 2011, resulting in a positive change of 54.01%.This indicates that the balance sheet and financial strength for Bank of Turtle Lake (ND) has improved significantly in recent periods. Deposit Growth In the past year, Bank of Turtle Lake (ND) has increased its total deposits by $1.82 million, resulting in 6.16% 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 Turtle Lake (ND) 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. Bank of Turtle Lake (ND) has $34.94 million in assets with $3.78 million in equity, resulting in a capitalization level of 10.82%, which is above average.

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