Boundary Waters Bank

Boundary Waters Bank is headquartered in Ely and is the 155^th largest bank in the state of Minnesota. It is also the 4,675^th largest bank in the nation. It was established in 1999 and as of December of 2011, it had grown to 26 employees at 3 locations. Boundary Waters Bank has a 1-star health rating.

Data for Q4 2011

Institution Statistics Boundary Waters Bank FDIC Certificate # 35172 BankRate Report View Year Established 1999 Employees 26 Primary Regulator FDIC Assets and Liabilities Assets $110.48 million Loans $83.94 million Deposits $100.66 million Equity Capital $3.85 million Loan Loss Allowance $2.37 million Unbacked Noncurrent Loans $8.99 million Real Estate Owned $9.00 million Historic Data - December 2010 Assets $117.07 million Equity Capital $7.82 million Loan Loss Allowance $4.91 million Unbacked Noncurrent Loans $7.58 million Real Estate Owned $10.12 million Profit Margin - Quarterly Net Interest Margin 4.27% Return on Assets -3.47% Return on Equity -59.02% Interest Income $5.46 million

Institution Health Overall Score: 1 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 Boundary Waters Bank had $17.99 million in non-current loans and owned real-estate with $6.22 million in equity and loan loss allowances on hand to cover it. This gives Boundary Waters Bank a Texas Ratio of 289.46% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Boundary Waters Bank increased slightly from 139.41% as of December 31, 2010 to 289.46% as of December 31, 2011, resulting in a negative change of 107.64%. This indicates that the balance sheet and financial strength for Boundary Waters Bank has declined slightly in recent periods. Deposit Growth In the past year, Boundary Waters Bank has decreased its total deposits by $-868,000, resulting in -0.85% 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 Boundary Waters Bank 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. Boundary Waters Bank has $110.48 million in assets with $6.22 million in equity, resulting in a capitalization level of 5.63%, which is below average.

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