Central State Bank (MI)

Central State Bank (MI) is headquartered in Beulah and is the 117^st largest bank in the state of Michigan. It is also the 5,935^th largest bank in the nation. It was established in 1913 and as of March of 2012, it had grown to 22 employees at 2 locations. Central State Bank (MI) has a 4-star health rating.

Data for Q1 2012

Institution Statistics Central State Bank FDIC Certificate # 14706 BankRate Report View Year Established 1913 Employees 22 Primary Regulator FDIC Assets and Liabilities Assets $64.77 million Loans $35.44 million Deposits $55.36 million Equity Capital $8.74 million Loan Loss Allowance $359,000 Unbacked Noncurrent Loans $612,000 Real Estate Owned $567,000 Historic Data - March 2011 Assets $64.60 million Equity Capital $8.26 million Loan Loss Allowance $378,000 Unbacked Noncurrent Loans $704,000 Real Estate Owned $511,000 Profit Margin - Quarterly Net Interest Margin 3.71% Return on Assets 0.62% Return on Equity 4.66% Interest Income $608,000

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 March 31, 2012 Central State Bank (MI) had $1.18 million in non-current loans and owned real-estate with $9.1 million in equity and loan loss allowances on hand to cover it. This gives Central State Bank (MI) a Texas Ratio of 12.95% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Central State Bank (MI) decreased slightly from 17.83% as of March 31, 2011 to 12.95% as of March 31, 2012, resulting in a positive change of 27.34%.This indicates that the balance sheet and financial strength for Central State Bank (MI) has improved slightly in recent periods. Deposit Growth In the past year, Central State Bank (MI) has decreased its total deposits by $-397,000, resulting in -0.71% 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 Central State Bank (MI) 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. Central State Bank (MI) has $64.76 million in assets with $9.1 million in equity, resulting in a capitalization level of 14.05%, which is excellent.

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