Bank of Wedowee

Bank of Wedowee is headquartered in Wedowee and is the 83^rd largest bank in the state of Alabama. It is also the 4,448^th largest bank in the nation. It was established in 1906 and as of December of 2011, it had grown to 36 employees at 3 locations. Bank of Wedowee has a 4-star health rating.

Bank of Wedowee Routing Number: 062203641

Data for Q4 2011

Institution Statistics Bank of Wedowee FDIC Certificate # 5608 BankRate Report View Year Established 1906 Employees 36 Primary Regulator FDIC Assets and Liabilities Assets $119.54 million Loans $46.63 million Deposits $98.99 million Equity Capital $13.97 million Loan Loss Allowance $755,000 Unbacked Noncurrent Loans $1.80 million Real Estate Owned $800,000 Historic Data - December 2010 Assets $121.46 million Equity Capital $13.49 million Loan Loss Allowance $925,000 Unbacked Noncurrent Loans $1.44 million Real Estate Owned $618,000 Profit Margin - Quarterly Net Interest Margin 2.94% Return on Assets 0.33% Return on Equity 2.86% Interest Income $4.55 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 Bank of Wedowee had $2.6 million in non-current loans and owned real-estate with $14.73 million in equity and loan loss allowances on hand to cover it. This gives Bank of Wedowee a Texas Ratio of 17.62% 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 of Wedowee held steady from 14.25% as of December 31, 2010 to 17.62% as of December 31, 2011, resulting in a negative change of 23.61%. This indicates that the balance sheet and financial strength for Bank of Wedowee has held steady in recent periods. Deposit Growth In the past year, Bank of Wedowee has increased its total deposits by $647,000, resulting in 0.66% 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 Wedowee has shown is 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 Wedowee has $119.54 million in assets with $14.73 million in equity, resulting in a capitalization level of 12.32%, which is excellent.

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