Charlevoix State Bank

Charlevoix State Bank is headquartered in Charlevoix and is the 81^st largest bank in the state of Michigan. It is also the 3,925^th largest bank in the nation. It was established in 1994 and as of March of 2012, it had grown to 35 employees at 6 locations. Charlevoix State Bank has a 3-star health rating.

Charlevoix State Bank Routing Number: 072413683

Data for Q1 2012

Institution Statistics Charlevoix State Bank FDIC Certificate # 33926 BankRate Report View Year Established 1994 Employees 35 Primary Regulator FDIC Assets and Liabilities Assets $147.23 million Loans $101.91 million Deposits $133.60 million Equity Capital $13.22 million Loan Loss Allowance $1.88 million Unbacked Noncurrent Loans $3.93 million Real Estate Owned $1.01 million Historic Data - March 2011 Assets $145.68 million Equity Capital $13.05 million Loan Loss Allowance $1.49 million Unbacked Noncurrent Loans $2.07 million Real Estate Owned $1.67 million Profit Margin - Quarterly Net Interest Margin 4.29% Return on Assets 0.85% Return on Equity 9.37% Interest Income $1.56 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 March 31, 2012 Charlevoix State Bank had $4.94 million in non-current loans and owned real-estate with $15.1 million in equity and loan loss allowances on hand to cover it. This gives Charlevoix State Bank a Texas Ratio of 32.68% 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 Charlevoix State Bank increased slightly from 25.72% as of March 31, 2011 to 32.68% as of March 31, 2012, resulting in a negative change of 27.08%. This indicates that the balance sheet and financial strength for Charlevoix State Bank has declined slightly in recent periods. Deposit Growth In the past year, Charlevoix State Bank has increased its total deposits by $2.25 million, resulting in 1.71% 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 Charlevoix State Bank 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. Charlevoix State Bank has $147.23 million in assets with $15.1 million in equity, resulting in a capitalization level of 10.26%, which is above average.

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